DUBLIN--(BUSINESS WIRE)--The "Veterinary/Animal Vaccines Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global veterinary vaccines market is projected to reach USD 8.66 Billion by 2022 from USD 6.50 Billion in 2017, at a CAGR of 5.9% during the forecast period (2017-2022).
Market growth can be attributed to factors such as growth in livestock population and repeated breakouts of livestock diseases; increasing adoption of companion animals; rising incidence of zoonotic diseases; initiatives by various government agencies, animal associations, and leading players; and the introduction of new types of vaccines in the market. On the other hand, the high storage cost for vaccines is expected to restrain the market to a certain extent.
On the basis of type, the veterinary vaccines market is segmented into porcine vaccines, poultry vaccines, livestock vaccines, companion animal vaccines, aquaculture vaccines, and other vaccines. The companion animal vaccines segment is divided into canine vaccines and feline vaccines and in terms of value, the companion animal vaccines segment is expected grow at the highest CAGR during the forecast period. Increasing awareness about companion animal vaccination, rising prevalence of zoonotic diseases in humans, and the growing number of pets and increasing pet ownership are fueling the demand for these vaccines.
By technology, the market is classified into live attenuated vaccines, inactivated vaccines, toxoid vaccines, recombinant vaccines and other vaccines. In terms of value, the live attenuated vaccines segment is expected to account for the largest share of the market in 2017. The ease of administration and long-term immunity offered by the live attenuated vaccine technologies are driving the demand for this segment in the veterinary vaccines industry.
Companies Mentioned:
- Biogenesis Bago
- Boehringer Ingelheim
- Ceva
- China Animal Husbandry
- Elanco
- Hester
- Hipra
- IDT Biologika
- Jinyu Bio-Technology
- Merck Animal Health
- Phibro Animal Health
- Tianjin Ringpu
- Vetoquinol
- Virbac
- Zoetis
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Veterinary Vaccines Market, By Type
7 Veterinary Vaccines Market, By Disease
8 Veterinary Vaccines Market, By Technology
9 Veterinary Vaccines Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/mnksj7/veterinaryanimal
