What’s Driving Growth in the Veterinary Vaccines Market? Insights into Key Trends and Opportunities
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How has the veterinary vaccines market size evolved in recent years?
The market size for veterinary vaccines has witnessed a solid growth in the past few years. Expected to escalate from $13.56 billion in 2024 to $14.52 billion in 2025, it will experience a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the historical period include the growth of emerging markets, a rise in pet expenditures, a higher prevalence of diseases, an increment in the outbreak of poultry-related diseases and a surge in the occurrence of zoonotic diseases.
What are the predictions for the veterinary vaccines market size in the coming years?
The market size of plastic and rubber products is anticipated to witness robust expansion in the forthcoming years, surging to a staggering $2087.48 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. This impressive growth during the forecast period can be ascribed to factors such as the proliferation of electric vehicles and lightweighting, concerted efforts towards a circular economy, durable supply chain management, strict regulatory compliance and certification, and the extension of aerospace applications. The notable trends expected to prevail during this period entail progress in recycling technologies, the introduction of bio-based polymers, the development of high-performance rubber compounds, antimicrobial plastic and rubber, and the innovation of 3D printing using polymers and rubbers.
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What key factors are fueling the growth of the veterinary vaccines market?
A surge in diseases afflicting animals is leading to a heightened demand for vaccines as a preventive and treatment measure, thus acting as a catalyst for the veterinary vaccines market. A report undertaken by the Animal and Plant Health Agency has cited a discovery of approximately 3289 new TB herd incidents in England. Bovine tuberculosis is a debilitating illness affecting predominantly cattle and other mammals, leading to a weakened state, coughing and eventually, death. Nonetheless, targeted antibiotics can effectively battle the TB bacteria. This upward trend of disease occurrence in animals is anticipated to propel the veterinary vaccines market during the projected timeline.
How is the global veterinary vaccines market divided into key segments?
The veterinary vaccines market covered in this report is segmented –
1) By Application: Livestock Vaccines, Companion Animal Vaccines
2) By Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other Vaccine Types
3) By Disease Type: Anaplasmosis, Canine Parvovirus, Foot And Mouth Disease, Newcastle Disease, Distemper Disease, Influenza, Porcine Reproductive And Respiratory Syndrome (PRRS)
Subsegments:
1) By Livestock Vaccines: Bovine Vaccines, Poultry Vaccines, Porcine Vaccines, Small Ruminant Vaccines (Sheep and Goats), Aquaculture Vaccines
2) By Companion Animal Vaccines: Canine Vaccines, Feline Vaccines, Equine Vaccines
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Who are the key firms paving the way for growth in the veterinary vaccines market?
Major companies operating in the veterinary vaccines market include Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co. Inc., Elanco Animal Health Incorporated, Ceva Santé Animale., Virbac Group, HIPRA, Biogenesis Bago, Kyoritsu Seiyaku Corporation, Phibro Animal Health Corporation, Century Vaccines Limited, Bayer Animal Health, Cadila Vaccines Ltd., Cargill India Pvt. Ltd., China Animal Healthcare Ltd., Jurox Pty Ltd, Nimrod Veterinary Products Ltd., Bimeda, Animalcare, MSD Animal Health, Interfeed, Biotex Plus Ltd., Belfarmacom, IDT Biologika, UCBVET, Lemavet, Syntec, Sauvet, Vetanco, Chemo Argentina, Brouwer, Agrovet Market Animal Health, DBK Pharma S.A.E.
Which trends are expected to transform the veterinary vaccines market?
Strategic collaborations and partnerships are becoming more popular among companies in the veterinary vaccines market, enhancing their entry into new regions and fostering shared research and development projects. For example, in February 2022, Merck Animal Health, a pharmaceutical firm from the United States, initiated a four-year collaboration with Iowa State University, a US-based research institution, focusing on novel approaches to animal health. The collaboration includes research and development, manufacturing, exploring new technologies, business growth, among other elements, all directed towards devising innovative solutions to overcome animal health challenges both domestically and globally. Similarly, MSD Animal Health, a section of Merck & Co headquartered in the US, collaborated strategically with Vinovo, enabling MSD Animal Health to merge its wide-ranging vaccine product line with Vinovo’s vaccine delivery technique to enhance the vaccination procedure, consequently augmenting bird welfare and mitigating vaccine reactions. Additionally, Wageningen bio veterinary research entered a strategic alliance with Swiss-based Ceva, aiming to enhance their research on globally emergent and resurgent diseases for animals.
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What regions are contributing significantly to the growth of the veterinary vaccines market?
North America was the largest region in the veterinary vaccines market in 2024. Asia-Pacific was the second-largest region in the global veterinary vaccines market analysis. The regions covered in the veterinary vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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