Sales of Animal Vaccines Are Expected to Register a Positive CAGR of 9.2% By 2032

PRESS RELEASE
Published April 24, 2023

The size of the global market for animal vaccines, estimated at $12 billion in 2021, is anticipated to rise at a CAGR of 9.2% from 2022 to 2032. Sales of animal vaccinations are increasing as illness outbreaks in cattle and canine problems both rise. Additionally, government spending on R&D in various nations is having a beneficial impact on the demand for animal vaccines.

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The FactMR research solutions continuously strive to give the highest degree of client satisfaction while being in sync with their goals. Making the decision to use this market research will be wise because it saves time and was created while keeping an eye on recent developments in the Animal Vaccines industry, important companies, and their tactics. The forecast window of 2022–2032 has been used in the growth valuation and predictions. A component of this report is devoted to geographical coverage, which emphasizes local Animal Vaccines insights.

Market Players: –

  • Merck & Co. Inc.
  • Zoetis Inc.
  • Boehringer Ingelheim International GmbH
  • Virbac
  • Biogenesis Bago
  • Indian Immunologicals Ltd.
  • Elanco Animal Health Incorporated
  • CEVA Animal Health (Pty) Ltd.
  • Phibro Animal Health Corporation
  • NEOGEN Corporation

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Key Segments Covered in the Animal Vaccines Industry Report

  • By Product
    • Attenuated Live Animal Vaccines
    • Recombinant Animal Vaccines
    • DNA Animal Vaccines
    • Inactivated Animal Vaccines
    • Subunit Animal Vaccines
  • By Animal Type
    • Livestock Animal Vaccines
      • Poultry
      • Ruminants
      • Swine
      • Aqua
    • Companion Animal Vaccines
      • Canine
      • Feline
      • Others
  • By Route of Administration
    • Subcutaneous Administration of Animal Vaccines
    • Intranasal Administration of Animal Vaccines
    • Intramuscular Administration of Animal Vaccines

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep., etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

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Competitive Landscape

Prominent manufacturers of animal vaccines are capitalizing on increasing government support across countries to promote animal health. This support is translating into the introduction of robust vaccine formulations against a wide variety of pathogens. Moreover, players are emphasizing mergers, acquisitions, and collaborations to secure a firm footing in this highly competitive environment. Some notable developments are as follows:

  • In August 2020, Merck & Co., Inc. completed the acquisition of IdentiGEN. The company is focusing on studying the DNA of animals for livestock. Through this acquisition, Merck intends to provide complete transparency to food processors, producers, and retailers, regarding animal traceability solutions to ensure that good quality food is available to consumers
  • In January 2022, Zoetis Inc. announced that the U.S. Food and Drug Administration has approved SolensiaTM (frunevetmab injection) to control the pain of osteoarthritis in cats, helping improve their mobility, comfort, and overall well-being. The injection works by directly targeting the Nerve Growth Factor (NGF), a key OA pain driver

Frequent Disease Outbreaks Bolstering Demand for Animal Vaccinations

The growing prevalence of zoonotic diseases has the potential to negatively impact human lives. Moreover, the increasing population of both humans has given a rise to the transmission of pathogens within and between species. In addition, emerging and exotic animal diseases are a growing threat to human and animal health. Improved demand for animal protein has resulted in increased commercial food animal production. Emerging zoonotic diseases of both companion and livestock animals are a major threat to public health. Furthermore, the possibility of the world experiencing emerging disease outbreaks is high. Thus, the demand for vaccinating animals has increased.Read More Trending Reports of Fact.MR : 

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