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

North America held the largest companion animal veterinary vaccines market share.

The global companion animal veterinary vaccines market is expected to grow from $3.25 billion in 2022 to $3.47 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global companion animal veterinary vaccines market size is expected to grow to $4.48 billion in 2027 at a CAGR of 6.6%.

Major Driver In The Companion Animal Veterinary Vaccines Market ­– Increase In Pet Ownership By Gen X And Gen Y Adults
Millennials, or Generation Y, are the greatest generation of pet owners for all types of pets, according to the APPA. More over 80% of Gen Y and Gen Z possess a dog as a pet, while 50% or less own a cat. In several regions of the world, multiple pet ownership is also on the rise. According to the 2019-2020 APPA National Pet Owners Survey, 67% of US households, or 84.9 million homes, own pets. Pet owners are well aware of advanced facilities and are willing to spend a significant amount of money on their pets’ health. As a result, the rise in pet ownership contributes to the expansion of the companion animal veterinary vaccine market.

View More On The Companion Animal Veterinary Vaccines Market Report 2023 – https://www.thebusinessresearchcompany.com/report/companion-animal-veterinary-vaccines-global-market-report

Key Companion Animal Veterinary Vaccines Market Segments
1) By Product: Inactivated, Live Attenuated, Recombinant, Other Products
2) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
3) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies And Drug Stores, Other Distribution Channels

Recent Companion Animal Veterinary Vaccines Market Trend – Product Innovations
To accelerate product innovation, companies in the companion animal veterinary vaccination market are increasingly collaborating and partnering with other stakeholders. Companion animal veterinary vaccination firms are expanding into new geographies and producing innovative products by exchanging skills and experience with other players in order to compete in the increasingly competitive veterinary industry. Merck & Co.’s subsidiary MSD Animal Health, for example, announced a strategic collaboration with Vinovo B.V., a division of Viscon Hatchery Automation, the leading hatchery automation company, to provide a new standard in safe and effective Vinovo vaccination to improve bird welfare and reduce vaccine reactions.

Companion Animal Veterinary Vaccines Market Prominent Players
Major players in the companion animal veterinary vaccines market are Boehringer Ingelheim, Eli Lilly and Company (Elcano), Heska Co., Merck Animal Health, Virbac, Zoetis, ElancoCevaSante Animal S.A., Bayer Healthcare, NEOGEN CORPORATION, and ImmuCell Corporation.

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The Companion Animal Veterinary Vaccines Global Market Report 2023  provides a comprehensive overview on the companion animal veterinary vaccines market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the companion animal veterinary vaccines 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.

Companion animal vaccinations are chemicals that promote antibody production and give immunisation against one or more diseases in pets such as dogs, birds, and cats. They are also used to promote food digestion, boost immunity, allow animals to grow fat and weight, and produce high-quality meat for commercial purposes.

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