Latest Veterinary Vaccines Market Growth Study 2022-2026 By The Business Research Company
The veterinary vaccines market report from The Business Research Company covers growth-driving insights such as veterinary vaccines market size, veterinary vaccines market trends and drivers, veterinary vaccines market segmentation, veterinary vaccines market competitive landscape and more
The veterinary vaccines market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!
Read More On The Veterinary Vaccines Market Report 2022 – https://www.thebusinessresearchcompany.com/report/veterinary-vaccines-global-market-report
The Veterinary Vaccines Market Size In 2022 And Forecast
The global veterinary vaccines market is expected to grow from $6.82 billion in 2021 to $7.44 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global veterinary vaccines market size is expected to grow to $9.19 billion in 2026 at a CAGR of 5.4%.
The veterinary vaccines market consists of sales of vaccines and related services which are used for the treatment and prevention of diseases in animals.
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The Increase In The Number Of Animals Suffering From A Range Of Diseases Is Driving The Growth Of The Veterinary Vaccines Market
According to the estimates from a report by the Animal and Plant Health Agency, a total of 3289 new TB herd incidents were detected in England Bovine tuberculosis is a chronic disease that usually affects animals such as cattle, but it can affect all mammals, causing a general state of illness, coughing and eventually leading to death. However, the disease can be treated with specific antibiotics that kill the TB bacteria. This rising prevalence of diseases in animals is expected to drive the veterinary vaccines market during the forecast period.
Competitive Landscape And The Regional Analysis Of The Veterinary Vaccines Market
Major players in the veterinary vaccines market are Boehringer Ingelheim GmbH, Merck Animal Health, Zoetis Inc., Eli Lilly and Company, Bayer AG (Bayer Animal Health), Ceva Santé Animale, Virbac, Biovac, Zoetis Animal Healthcare, and Hester Biosciences Ltd.
Additionally, as per TBRC’s research – North America was the largest region in the veterinary vaccines market in 2021 holding the largest market share.
The Veterinary Vaccines Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary vaccines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the veterinary vaccines market.
Strategic Partnerships And Collaborations – A Key Trend In The Veterinary Vaccines Market
Companies in the veterinary vaccines market are increasingly looking for strategic partnerships and collaborations to enter into new geographies and to share research and development projects.
Veterinary Vaccines Market Segmentation By The Business Research Company
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)
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