Insights Into The Companion Animal Veterinary Vaccines Market’s Growth Potential 2024-2033
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What is the Expected Growth Rate of the Companion Animal Veterinary Vaccines Global Market Report 2024 Market from 2024 to 2033?
The companion animal veterinary vaccines market has grown significantly in recent years. It is anticipated to increase from $3.47 billion in 2023 to $3.7 billion in 2024, at a CAGR of 6.7%. Growth factors include the rise in pet ownership, preventive healthcare, zoonotic diseases, and advancements in vaccine technology.
The companion animal veterinary vaccines market is anticipated to grow to $4.79 billion by 2028 at a CAGR of 6.7%. Growth will be fueled by the increasing pet population, awareness of preventive healthcare, technological advancements in vaccine development, and customized vaccination plans.
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What Key Factors Are Fueling the Growth of the Companion Animal Veterinary Vaccines Global Market Report 2024 Market?
The growth of the companion animal veterinary vaccine market during the forecast period has been driven by increased pet ownership among Gen X and Gen Y adults. According to the APPA, millennials (Gen Y) represent the largest group of pet owners across all pet types. More than 80% of Gen Y and Gen Z individuals own a dog, while 50% or fewer own a cat. Additionally, multi-pet ownership is rising in some regions. For example, in February 2023, Chewy Inc. reported that in the US, 977,202 pets were adopted in 2021, marking the highest adoption rate in six years at 61%. Thus, growing pet ownership contributes to the expansion of the companion animal veterinary vaccine market.
What Are the Major Segments of the Companion Animal Veterinary Vaccines Global Market Report 2024 Market?
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
What New Trends Are Transforming the Companion Animal Veterinary Vaccines Global Market Report 2024 Market?
Companies in the companion animal veterinary vaccine sector are increasingly collaborating to drive product innovation and expand into new markets. Merck & Co.’s subsidiary MSD Animal Health, for instance, partnered with Vinovo B.V., a division of Viscon Hatchery Automation, to introduce safer and more effective vaccination standards for improving bird welfare.
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Which Regions Are Driving Growth in the Companion Animal Veterinary Vaccines Global Market Report 2024 Market?
North America was the largest region in the companion animal veterinary vaccines market in 2023. Asia-Pacific was the second-largest region in the companion animal veterinary vaccines market. The regions covered in the companion animal veterinary vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Companion Animal Veterinary Vaccines Global Market Report 2024 Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the companion animal veterinary vaccines global market report 2024 market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Companion Animal Veterinary Vaccines Global Market Report 2024 Market Include
1. Companion Animal Veterinary Vaccines Global Market Report 2024 Market Executive Summary
2. Companion Animal Veterinary Vaccines Global Market Report 2024 Market Segments
3. Companion Animal Veterinary Vaccines Global Market Report 2024 Market Size And Template Market Growth Rate
4. Key Companion Animal Veterinary Vaccines Global Market Report 2024 Market Trends
5. Major Companion Animal Veterinary Vaccines Global Market Report 2024 Market Drivers
……
25. Key Mergers And Acquisitions In The Companion Animal Veterinary Vaccines Global Market Report 2024 Market
26. Top Companion Animal Veterinary Vaccines Global Market Report 2024 Companies
27. Companion Animal Veterinary Vaccines Global Market Report 2024 Market Opportunities And Strategies
28. Companion Animal Veterinary Vaccines Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix
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