The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global veterinary vaccines market is on a trajectory of consistent growth, with the market size set to increase from $10.89 billion in 2022 to $11.57 billion in 2023, showcasing a Compound Annual Growth Rate (CAGR) of 6.2%. Looking ahead, the market is anticipated to reach $14.2 billion in 2027, maintaining a robust CAGR of 5.3%.

Driving Forces Behind Market Expansion

1. Rising Incidence of Animal Diseases

• The surge in diseases affecting animals is a key driver for the increasing demand for veterinary vaccines.
• Diseases like bovine tuberculosis, impacting cattle and other mammals, have become more prevalent, necessitating preventive measures.

2. Prevalence of Bovine Tuberculosis

• According to the Animal and Plant Health Agency report, England detected 3289 new TB herd incidents.
• Bovine tuberculosis, a chronic ailment, not only affects cattle but poses a threat to all mammals, leading to severe illness and, in some cases, death.
• The treatment involves specific antibiotics targeting TB bacteria, highlighting the need for preventive measures like vaccines.

Industry Players and Strategic Collaborations

3. Key Players in the Market

• Major players in the veterinary vaccines market include Boehringer Ingelheim GmbH, Merck Animal Health, Zoetis Inc., Eli Lilly and Company, Bayer AG, CevaSantéAnimale, Virbac, Biovac, Zoetis Animal Healthcare, and Hester Biosciences Ltd.
• These industry leaders play a pivotal role in advancing the field of veterinary vaccines.

4. Strategic Partnerships and Collaborations

• Companies are increasingly opting for strategic collaborations to expand their geographical presence and enhance research and development initiatives.
• Notable examples include the partnership between the Pirbright Institute, ECO Animal Health, and the Vaccine Group to develop porcine respiratory and reproductive syndrome virus (PRRSV) vaccines.
• MSD Animal Health’s partnership with Vinovo and Wageningen bio veterinary research’s alliance with Ceva demonstrate a collective effort to drive innovation in animal healthcare.

5. Advancements in Vaccine Delivery Systems

• MSD Animal Health’s partnership with Vinovo focuses on combining broad vaccine product lines with Vinovo’s vaccine delivery system.
• This collaboration aims to enhance the vaccination process, improve bird welfare, and reduce vaccine reactions.

6. Global Research Alliances

• Wageningen bio veterinary research and Ceva’s alliance aims to bolster research on the global threat of emerging and reemerging diseases in animals.
• Such alliances reflect a commitment to advancing veterinary science on a global scale.

Comprehensive Market Segmentation

7. Segmentation for Precision Solutions

• By Application:
  • Livestock Vaccines
  • Companion Animal Vaccines
• By Vaccine Type:
  • Live Attenuated Vaccines
  • Inactivated Vaccines
  • Toxoid Vaccines
  • Recombinant Vaccines
  • Other Vaccine Types
• By Disease Type:
  • Anaplasmosis
  • Canine Parvovirus
  • Foot And Mouth Disease
  • Newcastle Disease
  • Distemper Disease
  • Influenza
  • Porcine Reproductive And Respiratory Syndrome (PRRS)

Regional Leadership

8. North America Takes the Lead

• North America emerged as the largest region in the veterinary vaccines market in 2022.
• The region’s prominence is attributed to proactive measures in animal healthcare and a robust veterinary infrastructure.

View More On The Tissue Diagnostic Market Report 2023 – https://www.thebusinessresearchcompany.com/report/tissue-diagnostic-global-market-report

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The Tissue Diagnostic Global Market Report 2023  provides a comprehensive overview on the tissue diagnostic market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the tissue diagnostic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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