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). The major factors driving the growth of this market include 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.
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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.
Key Target Audience:
- Animal vaccine manufacturers
- Animal healthcare product manufacturers
- Animal vaccine distributors and wholesalers
- Animal welfare associations
- Veterinary clinics and care centers
The animal vaccines market is segmented into porcine vaccines, poultry vaccines, livestock vaccines, companion animal vaccines, aquaculture vaccines and other vaccines. The livestock vaccines are further divided into two major categories on the basis of the type of animal, namely, bovine vaccines and small ruminant vaccines.
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Similarly, companion animal vaccines are divided into two segments, namely, canine animal vaccines and feline animal vaccines.
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Geographically, Europe is the largest market for veterinary vaccines market, followed by North America but the APAC region is expected to witness the highest growth in the forecast period. This growth is primarily attributed to rising pet adoption, expansion of key vaccine players in the region, and the wide range of product launches and investments in veterinary vaccines manufacturing facilities in the region, especially in India, China, and Thailand.
Animal Vaccines Market, by Technology
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
Europe is expected to account for the largest share of the global animal vaccines market, followed by North America. However, the Asia Pacific region is expected to register the highest growth during the forecast period.
Rising pet adoption, expansion of key players in the region, a wide range of product launches, and investments in vaccine manufacturing facilities, especially in India, China, and Thailand, are driving the growth of this regional segment.
The veterinary vaccines market in this report is segmented by type, disease, technology, and region. The study tracks and analyzes competitive developments such as product launches; expansions; agreements, partnerships, and collaborations; and acquisitions.
It also profiles the key players and their core competencies within the veterinary vaccines market.
By disease, the animal vaccines market is classified into poultry diseases, porcine diseases, livestock diseases (bovine diseases and small ruminant diseases), companion animal diseases (canine diseases and feline diseases), and aquaculture diseases. The porcine disease segment is expected to account for the largest share of the animal vaccines market during the forecast period.
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