Global Companion Animal Veterinary Vaccines Market Trends And Strategies Of Major Players In The Companion Animal Veterinary Vaccines Market 2021-2030

14 Oct, 2021

The companion animal veterinary vaccines market consists of sales of companion animal vaccines by entities (organizations, sole traders and partnerships) that manufacture companion animal vaccines. Companion animal vaccines are substances that are used to stimulate the production of antibodies and provide immunity against one or several diseases in pets such as dogs, birds and cats. Only goods and services traded between entities or sold to end consumers are included.

Global Companion Animal Veterinary Vaccines Market Size And Drivers:

The global companion animal veterinary vaccines market is expected to grow from $2.59 billion in 2020 to $2.75 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.85 billion in 2025 at a CAGR of 9%. Increased pet ownership by Gen X and Gen Y adults contributed to the growth of the companion animal veterinary vaccines market during the historic period.

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Trends In The Global Companion Animal Veterinary Vaccines Market

Companies in the companion animal veterinary vaccine industry are increasingly collaborating and partnering with other players to drive product innovations. To succeed in the increasingly competitive veterinary market, companion animal veterinary vaccines companies are entering into new geographies and developing innovative products through sharing skills and expertise with other players. In June 2018, Merck & Co.’s subsidiary MSD Animal Health announced a strategic partnership with Vinovo B.V., a division of Viscon Hatchery Automation, the leading hatchery automation company, to provide a new standard in safe and effective in ovo vaccination to improve bird welfare and reduce vaccine reactions. In June 2017, Zoetis collaborated with a multidisciplinary team of public and private partners spanning animal and human health.

Global Companion Animal Veterinary Vaccines Market Segments:
The global companion animal veterinary vaccines market is further segmented –
By Product: Inactivated, Live Attenuated, Recombinant, Others
By Route Of Administration: Oral, Parenteral, Others
By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others
By Geography: The global companion animal veterinary vaccines market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Companion Animal Veterinary Vaccines Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides companion animal veterinary vaccines market overviews, analyzes and forecasts market size and growth for the global companion animal veterinary vaccines market, companion animal veterinary vaccines market share, companion animal veterinary vaccines market players, companion animal veterinary vaccines market segments and geographies, companion animal veterinary vaccines market’s leading competitors’ revenues, profiles and market shares. The companion animal veterinary vaccines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.