Animal Vaccines Market Size, Share, Business Growth Industry Segment and Forecast till 2030.
- jigar dave
- Jan 10, 2023
- 2 min read
Animal Vaccines Market Insights:
The animal vaccines market was valued at USD 10.5 Billion in 2021, registering a CAGR of 5.7% during the forecast period (2022-2030), the market is projected to be worth USD 17.3 Billion by 2030.
Animal can be vaccinated to protect them from various diseases. Vaccines work by stimulating the immune system to produce a response against a specific pathogen, such as a virus or bacterium. This response prepares the immune system to recognize and quickly attack the pathogen if it enters the body again in the future.
There are many different types of vaccines available for animals, and the specific vaccines that are recommended for a particular animal will depend on a number of factors, including the animal's species, age, health, and lifestyle.
The market is projected to grow at a significant pace reaching a CAGR of approximately 5.7%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Segment:
By Product
· Inactivated
· Live Attenuated
· Subunit Vaccines
· Recombinant
· DNA Vaccines
· Others
By Animal Type
· Companion Animal
o Cats
o Dogs
· Livestock Animal
o Pigs
o Sheep
o Cattle
o Poultry
o Goats
o Camels
o Others
· Aquaculture
By Route of Administration
· Subcutaneous
· Intranasal
· Intramuscular
By Distribution Channel
· Veterinary Hospitals
· Veterinary clinic
· Pharmacies
· Drug stores
· Others
Key Players
· Zoetis
· Merk
· Elanco
· Phibro Animal Health Corporation
· Boehringer Ingelheim
· Ceva
· Pfizer
· Hygieia Biological Laboratories
· Arko Laboratories, Ltd
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The rising concern for animal health is another factor that is expected to drive the market for animal vaccines. The growing awareness about the importance of animal health and the need for disease control and prevention are some of the factors that are driving the demand for animal vaccines.
The increasing focus on research and development activities in the animal vaccines market is also expected to contribute to market growth. Companies are investing in research and development to develop new and innovative animal vaccines to prevent diseases and improve the health of animals.
Overall, the animal vaccines market growth is expected to grow at a significant rate during the forecast period, driven by increasing demand for animal-derived food products, growing awareness about animal health, and government initiatives to promote the use of animal vaccines.
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