Global Veterinary Vaccines Market
According to the report "Veterinary Vaccines Market by Type, by Technology and by
Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
", published by Market Data Forecast, the market is projected to reach USD 7197.82 Billion
by 2021, at a CAGR of 5.50% from 2016 to 2021.
Veterinary vaccines are used to treat ailments of animals and are produced for administration
by parenteral or oral routes depending on the vaccine characteristics. The market has shown
great rise in the past decade which can be accredited to the growing husbandry practices and
better management of farms. Due to advancement in biotechnological research this growth
shows future prospects also. With the growing usage of continuous cell lines as a substrate
and embracing of the fermenter technology for antigen production the veterinary vaccines
market has shown a penchant for growth in the recent times.
Rising incidences of zoonotic diseases in humans, growing prevalence of animal diseases,
increasing investments by major companies, various government agencies and animal rights
associations; continuous innovations, increasing awareness against the use of antimicrobials
are the main reasons for vaccine producers to invest significantly into development of new
products, which in parallel, act as market drivers. Yet, rising maintenance costs for the
storage of vaccines, increasing adoption of vegetarian diet in major economies owing
to increasing risk of obesity and other chronic diseases are key restraints of this
market.
Global Veterinary Vaccines Market segmentation by Type, by Technology and by Region
1. By Type
Livestock vaccines (Bovine, porcine, Ovine, Poultry and Equine)
Companion vaccines (canine and feline)
2. By Technology
Live attenuated vaccines
Inactivated vaccines
Recombinant vaccines
Toxoid vaccines
Subunit vaccines
DNA vaccines
Conjugate vaccines
3. By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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