Animal Vaccines
Market - Key players
Some of the key players in the global animal vaccines market
are Bayer AG, Biogenesis Bago, Boehringer Ingelheim GmbH, China Animal
Husbandry, Elanco Animal Health, Hester, Idt Biologika, Indian Immunologicals
Limited, Merck Animal Health, MSD Animal Health, Phibro Animal Health, Tianjin
Ringpu, Vetoquinol, Zoetis Inc., and others.
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Animal Vaccines
Market - Segmentation
The global animal vaccines market is segmented based on
type, technology, indications, composition and region.
The global market for animal vaccines, by type is segmented
into static porcine vaccines, poultry vaccines, livestock vaccines, companion
animal vaccines, aquaculture vaccines, and others. The livestock vaccine is further segmented
into bovine vaccines, and small ruminant vaccines. The livestock vaccine is
further segmented into canine vaccines, and feline vaccines.
The market, by technology, is segmented into live attenuated
vaccines, inactivated vaccines, toxoid vaccines, recombinant vaccines, and
others.
Based on indications, the market is segmented into foot
& mouth disease, parvovirus, distemper, reproductive & respiratory
syndrome, and others.
Based on composition, the market is segmented into mono
vaccine, and combination vaccines.
Animal Vaccines
Market – Overview
Animal vaccines are part of a category of animal medicines
which work primarily by stimulating an animal’s immune system to prevent or
treat diseases. The main aim of animal vaccines is to improve the health and
welfare of companion animals, prevent animal-to-human transmission and increase
production of livestock in a cost-effective manner.
On the regional basis, the American market for animal
vaccines is segmented into North America and South America. The North America
market is estimated to drive the market growth owing to the increasing
incidence of livestock diseases, technological advancements, rising government
initiatives and strong R&D investments. For instance, in 2018, Boehringer
Ingelheim announced to reinforce its leading position in the veterinary vaccine
market with 70 million euro investment in the R&D and biological production
activities.
Rising pet adoption is also boosting the animal vaccines
market in the US region. According to the American Society for the Prevention
of Cruelty to Animals (ASPCA), nearly 6.5 million companion animals enter US
animal shelters nationwide every year.
Animal Vaccines
Market - Regional Analysis
The Americas dominated the global market for animal vaccines
owing to the presence of major market players, rising pet adoption and developed
economies like US and Canada within the region. According to the American
Society for the Prevention of Cruelty to Animals (ASPCA), nearly 6.5 million
companion animals enter US animal shelters nationwide every year.
In 2017, it was estimated that Europe stood second in the
global animal vaccines market. This can be attributed to the rising research
and development investments. For instance, in 2018, Boehringer Ingelheim
announced to reinforce its leading position in the veterinary vaccine market
with 70 million euro investment in the R&D and biological production
activities.
Get More Details at https://www.marketwatch.com/press-release/animal-vaccines-market-size-expansion-towards-2023-by-recent-size-share-trends-and-technological-adaptation-mrfr-2019-02-18
Asia Pacific was projected to be the fastest growing region
in 2017. Increasing awareness about animal health drives the regional markets
of the Asia Pacific region. In 2016, at the 5th Global Animal Health
Conference, Health for Animals association called for greater cooperation
between national governments to improve market access for veterinary medicines.
On the other hand, the Middle East and Africa held least
share in the global animal vaccines market due to the low per capita income,
especially within the African region. The market growth in this region is
expected to be driven by increasing cases of zoonotic diseases. According to a
2015 study published in the PLOS journal, annual incidences of human rabies in
the Middle Eastern countries vary from 0.02 to 1.3 per million human
populations.
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