Global Veterinary Vaccines Market Share and Forecasts, 2022 - Acute Market Reports
The Global Veterinary Vaccines Market accounted for
$5.3 billion in 2014 and is expected to grow at a CAGR of 6.2% to reach $8.6
billion by 2022. The factors driving the veterinary vaccines market include
rising zoonotic diseases, growing incidence of animal diseases, increasing
investments by government and welfare associations. However, factors such as
increasing adoption of vegetarian food in prominent economies and increasing
costs of storage and maintenance of vaccines are hindering the market growth.
Growing awareness of animal health in emerging economies and technological
innovations are likely to create opportunities for veterinary vaccines market
in the coming years.
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The Global veterinary vaccines market is segmented on
the basis of diseases, technologies and geography. On the basis of diseases,
the veterinary vaccine market is segmented into companion animal diseases
(respiratory, gastrointestinal and reproductive tracts), poultry diseases
(bronchitis, avian influenza, newcastle disease and marek's disease), porcine
diseases (porcine reproductive disease, swine pneumonia and swine influenza)
and equine diseases (rhinopneumonitis, influenza and encephalomyelitis). By
technologies, the market is categorized into toxoid vaccines, DNA vaccines,
recombinant vaccines, live attenuated vaccines (LAV) and inactivated vaccines.
By geography, it is segmented into North America, Europe, Asia Pacific and Rest
of the World. European region is known to be a leading veterinary vaccine
market in terms of consumption, closely followed by the U.S. However, Asia is
expected to register a higher growth rate during the forecast period owing to
huge investment opportunities in this region.
Some of the key players in the veterinary vaccine
market include Zoetis (U.S.), Merck Animal Health (U.S.), Merial Inc. (Sanofi)
(France), Elanco Animal Health (U.S.)., Boehringer Ingelheim (Germany), Bayer
Healthcare (Germany), Bioniche Animal Health (Canada), Heska Co. (U.S.), Ceva
Animal Health, Inc. and Virbac.
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