Companion Animal Veterinary Vaccines Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Companion Animal Veterinary Vaccines Market?
The companion animal veterinary vaccine market is set to grow due to the rising pet ownership among Gen X and Gen Y adults. Millennials (Gen Y) are the largest segment of pet owners, with over 80% owning dogs and 50% or less owning cats. Additionally, multiple pet ownership is becoming more common globally. For example, in 2022, Animal Medicines Australia reported that pet ownership in Australia grew by 24%, reaching 28.7 million pet owners. This increase in pet adoption and care investment directly contributes to the growing demand for veterinary vaccines, driving market expansion.
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How Has the Companion Animal Veterinary Vaccines Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The companion animal veterinary vaccines market has experienced significant growth in recent years. It is expected to increase from $3.66 billion in 2024 to $3.88 billion in 2025, reflecting a CAGR of 6.0%. This growth is driven by the rise in pet ownership, increased focus on preventive healthcare, concerns over zoonotic diseases, and advancements in vaccine technology.
The companion animal veterinary vaccines market is expected to grow steadily, projected to hit $5.09 billion by 2029, with a CAGR of 7.0%. The growth will be driven by a rising pet population, increased awareness around preventive care, advances in veterinary science, and tailored vaccination plans. Leading trends include modern vaccine technologies, control of vector-borne diseases, mobile vaccination clinics, and comprehensive immunization programs.
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Which Cutting-Edge Market Trends Are Expected to Drive theCompanion Animal Veterinary Vaccines Market’s Growth?
Companies in the companion animal veterinary vaccine sector are forming more collaborations and partnerships to drive innovation in their products. To thrive in the highly competitive veterinary market, these companies are expanding into new regions and developing cutting-edge products by sharing knowledge and expertise with other industry players. For example, MSD Animal Health, a subsidiary of Merck & Co., entered into a strategic partnership with Vinovo B.V., a division of Viscon Hatchery Automation, a leading company in hatchery automation. This collaboration aims to set a new standard for safe and effective Vinovo vaccination, enhancing bird welfare and minimizing vaccine reactions.
Who Are the Leading Market Players Fueling Growth in the Companion Animal Veterinary Vaccines Market Trend?
Major companies operating in the companion animal veterinary vaccines market include C.H. Boehringer Sohn AG & Co. KG, Eli Lilly and Company, Heska Corp., Merck and Co. Inc., Elanco Animal Health Incorporated, Zoetis Inc., Ceva Sante Animale SA, Bayer AG, Neogen Corporation, ImmuCell Corporation, Intervet Inc., Vetoquinol SA, IDEXX Laboratories Inc., Merial Inc., Biogenesis Bago SA, Hipra India Pvt. Ltd., Bimeda Animal Health Limited, Phibro Animal Health Corporation, Nexvet Biopharma plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Ltd., Dechra Pharmaceuticals PLC, Kyoritsu Seiyaku Corporation, VDS Pharma Animal Health, Kepro Technologies Private Limited, ECO Animal Health Group plc, Biostadt India Limited, bio-pharmaceutical company, Choong Ang Vaccine Laboratories Co. Ltd., CZ Veterinaria S.A.
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How is the Global Companion Animal Veterinary Vaccines Market Segemented?
The companion animal veterinary vaccines market covered in this report is segmented –
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
Subsegments:
1) By Inactivated: Inactivated Canine Vaccines, Inactivated Feline Vaccines, Inactivated Vaccine Combinations, Other Inactivated Vaccines
2) By Live Attenuated: Live Attenuated Canine Vaccines, Live Attenuated Feline Vaccines, Live Attenuated Vaccine Combinations, Other Live Attenuated Vaccines
3) By Recombinant: Recombinant Canine Vaccines, Recombinant Feline Vaccines, Recombinant Vaccine Combinations, Other Recombinant Vaccines
4) By Other Products: DNA Vaccines, Subunit Vaccines, Toxoid Vaccines, Other Veterinary Vaccine Products
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Which Geographics are Influencing the Growth of the Companion Animal Veterinary Vaccines 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
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