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Global Veterinary Vaccines Market

Dec. 1, 2020

Global Veterinary Vaccines Market, By Vaccine Type (Canine Vaccine (Canine Distemper, Kennel Cough (Parainfluenza), Parvovirus, Canine Herpes, Lyme Disease, Feline, Feline Calicivirus, Feline Infectious Peritonitis (FIP), and Feline Immunodeficiency Virus (FIV)), Cattle Vaccines (Bovine Respiratory Syncytial Virus (BRSV), Enzootic Bronchopneu, Infectious Bovine Rhinotracheitis (IBR), Bovine Viral Diarrhea (BVD)), Poultry Vaccines (Infectious Bronchitis in Poultry, Avian Influenza, Newcastle Disease), Pig Vaccines (Swine Influenza, Swine Pneumonia), and Equine Vaccines (Encephalomyelitis, Rhino pneumonitis, and Horse flu (Influenza))), By Technology (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, and Other Vaccines), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR296      
Pages :210 Pages
Format :   PPT Format   PDF Format

The global veterinary vaccines market was valued at US$ xx million in the year 2018. This market is estimated to be valued at US$ xx million in the year 2019 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 6.48% during the forecast period (2020-2025). Increasing demand for animal derived food product is expected to drive the veterinary vaccines market growth. Additionally, the introduction of veterinary vaccines for treating viruses, protozoans, and bacteria is expected to drive the veterinary vaccine market growth. However, inadequate surveillance system may act as a potential threat for the market growth. As surveillance system helps in monitoring the vaccine development in various productions stages.

Table 1. Global Veterinary Vaccines Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Vaccine Type)

Canine Vaccine (Canine Distemper, Kennel Cough (Parainfluenza), Parvovirus, Canine Herpes, Lyme Disease, Feline, Feline Calicivirus, Feline Infectious Peritonitis (FIP), and Feline Immunodeficiency Virus (FIV)), Cattle Vaccines (Bovine Respiratory Syncytial Virus (BRSV), Enzootic Bronchopneu, Infectious Bovine Rhinotracheitis (IBR), Bovine Viral Diarrhea (BVD)), Poultry Vaccines (Infectious Bronchitis in Poultry, Avian Influenza, Newcastle Disease), Pig Vaccines (Swine Influenza, Swine Pneumonia), and Equine Vaccines (Encephalomyelitis, Rhino pneumonitis, and Horse flu (Influenza))

Market Segmentation (By Technology)

Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, and Other Vaccines

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Key Players Coverage

Vetoquinol Phibro, Animal Health, Hester Biosciences, HIPRA, Biogenesis Bago , Tianjin Ringpu, China Animal Husbandry, Jinyu Bio-technology, Endovac Animal Health, Brilliant Bio Pharma Private Limited, Aptimmune Biologics, Indian Immunologicals Ltd., Torigen, and Verovaccine, among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Increasing research expenditures across the world has supported the market growth for veterinary vaccines. Additionally, initiatives by government for animal associations has supported the market growth. For instance, in August 2019, Biovet invested 26.35 US$ million for its further facility expansion, through which Indian government provided 100% assistance for procurement of vaccines. Moreover, porcine vaccine is expected to have the largest market share during the forecast period due to its use in reproductive and respiratory syndromes in animals. On the flip side, the long time needed for the approvals of vaccines may hinder the market growth.

Figure 1. Veterinary Vaccine Market Scenario Forecast (Likely, Conservative, and Optimistic Scenario), 2019 and 2025 (US$ Mn)

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

 

North America is expected to hold dominant position in the veterinary vaccines market followed by Europe, owing to the increasing adoption of pets and pet food. European government provides a set of rules and regulation for the implementation of veterinary vaccine production to be released. For Instance, in March 2018, EMA & HMA (Heads of medicina agencies) Europe published a detailed report on implementing plan on veterinary vaccines. Asia-Pacific is expected to show a promising CAGR, due to increasing number of key vaccine players and increasing product availability in this region.

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in global veterinary vaccines market include Vetoquinol Phibro, Animal Health, Hester Biosciences, HIPRA, Biogenesis Bago, Tianjin Ringpu, China Animal Husbandry, Jinyu Bio-technology, Endovac Animal Health, Brilliant Bio Pharma Private Limited, Aptimmune Biologics, Indian Immunologicals Ltd., Torigen, and Verovaccine, among others,

Key players are indulging in research & innovation for veterinary vaccines around the world. In March 2020, according to economic times, a virologist in Israel’s Deaconess Medical Center developed a vaccine and experimented on monkeys that brought out promising results against the coronavirus. Moreover, increasing expenditure on pet healthcare, and its focus on having regular checkups for pets may support the market growth during the forecast period.

Figure 3. Market Share of Key Players, 2020

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Vaccine Type

  • Canine
    • Canine Distemper
    • Kennel Cough (Parainfluenza)
    • Parvovirus
    • Canine Herpes
    • Lyme Disease
    • Feline
    • Feline Calicivirus
    • Feline Infectious Peritonitis (FIP)
    • Feline Immunodeficiency Virus (FIV)
  • Cattle Vaccines
    • Bovine Respiratory Syncytial Virus (BRSV)
    • Enzootic Bronchopneu
    • Infectious Bovine Rhinotracheitis (IBR)
    • Bovine Viral Diarrhea (BVD)
  • Poultry Vaccines
    • Infectious Bronchitis in Poultry
    • Avian Influenza
    • Newcastle Disease
  • Pig Vaccines
    • Swine Influenza
    • Swine Pneumonia
  • Equine Vaccines
    • Encephalomyelitis
    • Rhino pneumonitis
    • Horse flu (Influenza)

By Technology

  • Live Attenuated Vaccines
  • Inactivated Vaccines
  • Toxoid Vaccines
  • Recombinant Vaccines
  • Other Vaccines

 By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Note: This report provides an in-depth analysis of the global veterinary vaccines market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global veterinary vaccines market?
  • What key factors are expected to increase the demand for the veterinary vaccines market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global veterinary vaccines market?
  • What is the total market value (US$ Mn) generated in the global veterinary vaccines market by vaccine type in 2019 and what are the forecasts by 2025?
  • Which technology is expected to dominate the veterinary vaccines market in the coming years?
  • What was the total revenue generated by the global veterinary vaccines market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global veterinary vaccines market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the veterinary vaccines market?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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