The global veterinary vaccines market size is expected to grow from $6.82 billion in 2021 to $7.38 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. The global veterinary vaccine market size is expected to grow to $9.47 billion in 2026 at a CAGR of 6.4%.
What is the Global Veterinary Vaccines Market?
The veterinary vaccines market consists of sales of vaccines and related services which are used for the treatment and prevention of diseases in animals. These veterinary vaccines reduce animal suffering and the transmission of microorganisms in the animal population. Veterinary vaccines are used to enhance the immunity power of animals by improving animal health, which also prevents the transmission of diseases from animals to humans.
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What drives the Global Veterinary Vaccines Market?
The increase in the number of animals suffering from a range of diseases is increasing the demand for vaccines to prevent and treat such diseases, thus driving the veterinary vaccines market According to the estimates from a report by the Animal and Plant Health Agency, a total of 3289 number of new TB herd incidents were detected in England Bovine tuberculosis is a chronic disease that usually affects animals such as cattle, but it can affect all mammals causing a general state of illness, coughing and eventually lead to death. However, the disease can be treated with specific antibiotics that kill the TB bacteria. This rising prevalence of diseases in animals is expected to drive the veterinary vaccines market during the forecast period.
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Global Veterinary Vaccines Market Segments
The global veterinary vaccines market is segmented:
By Application: Livestock Vaccines, Companion Animal Vaccines
By Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Others
By Disease Type: Anaplasmosis, Canine Parvovirus, Foot and Mouth Disease, Newcastle Disease, Distemper Disease, Influenza, Porcine Reproductive and Respiratory Syndrome (PRRS)
By Geography: The regions covered in the veterinary vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Veterinary Vaccines Global Market Report 2022provides market size and growth forecasts for the global veterinary vaccines market, global veterinary vaccines market share, veterinary vaccines market segments and geographies, veterinary vaccines market competitive landscape including leading competitors’ revenues, profiles and market shares. The veterinary vaccines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Veterinary Vaccines Industry Playersinclude Boehringer Ingelheim GmbH, Merck Animal Health, Zoetis Inc., Eli Lilly and Company, Bayer AG (Bayer Animal Health), Ceva Santé Animale, Virbac, Biovac, Zoetis Animal Healthcare, and Hester Biosciences Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
