Veterinary Vaccines Market Key Highlights:
- Market Size (2024): USD 9,438 Million
- Projected Market Size (2034): USD 15,818 Million
- CAGR (2024-2034): 5.3%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Veterinary Vaccines Market Definition
Veterinary vaccines are utilized to safeguard animals from getting infectious diseases like distemper, parvovirus, and rabies. They also protect humans from fatal diseases that can be transmitted from animals. Like COVID-19. There are many types of veterinary vaccines, such as recombinant, inactivated, toxoid, and conjugate vaccines. The increasing number of pets along with the rise in spending on animal health can fuel the veterinary vaccines market.
The Indian Pharmacopoeia Commission waived obsolete safety tests for veterinary vaccines. This initiative was welcomed by the Humane Society International/India. This waiver would decrease the number of animals subjected to unnecessary testing.
There is no single vaccination program for every type of animal. So, it's necessary to know the animal's risk factors which can be difficult sometimes and may constrain market growth. Despite all this, governments are heavily investing in the new launches of veterinary vaccines to completely eradicate animal diseases ,driving market growth further.
Recently HIPRA launched the new DIVENCE® range, showcasing innovative vaccines designed to significantly improve the prevention of major viral diseases in cattle.
Veterinary Vaccines Market Segmentation:
By Technology
- Attenuated Live Vaccines Technology
- Inactivated Vaccines Technology
- Subunit Vaccines Technology
- Toxoid Vaccines Technology
- DNA Vaccines Technology
By Animal
- Companion Animals
- Livestock Animals
- Aquaculture
By Disease Indication
- Foot & Mouth Disease (FMD)
- Newcastle Disease
- Porcine Reproductive & Respiratory Syndrome (PRRS)
- Canine Parvovirus
- Brucellosis
- Avian Influenza
- Others
By Distribution Channel
- Veterinary Hospital Pharmacies
- Veterinary Clinics
- Retail Pharmacies
- Online Pharmacies
Veterinary Vaccines Market Companies:
- Bioveta, Inc.
- Merck & Co., Inc. (MSD Animal Health)
- Zoetis Services LLC.
- Elanco (Eli Lilly)
- Ceva
- Boehringer Ingelheim International GmbH
- Kemin Industries, Inc.
- HESTER BIOSCIENCES LIMITED
- Phibro Animal Health Corporation
- Virbac
- LETI Pharma
- Ourofino
- HIPRA
- Jinyu Biotechnology Co., Ltd.
- Indian Immunologicals Ltd.
- Vaxxinova
- Biogénesis Bagó
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