Global Veterinary Vaccines Market 2017-2021

Global veterinary vaccines market forecast

According to the veterinary vaccines industry analysis, the global veterinary vaccines market is expected to grow at a steady rate and post a CAGR of close to 5% during the forecast period. The limitations of conventional therapy will drive the growth prospects for the global veterinary vaccines market from 2017 to 2021.

Veterinary vaccines market drivers

The building anti-microbial resistance of zoonotic bacteria against antibiotic treatments in animals will fuel the demand for vaccination. Also, the occurance of various viral diseases such as influenza makes vaccination compulsory as these viral diseases cannot be controlled by anti-viral drugs. Several benefits of using vaccination such as its ability to eradicate and eliminate the disease from a region, control morbidity, and mortality, and offer protection against comorbid conditions will further drive the adoption of vaccines over conventional antibiotics on a global level.

Get A Free Sample 

Veterinary vaccines market trends

The increasing efforts of key vendors to collaborate with academic institutions to develop innovative products will be one of the key veterinary vaccines market trends that will gain traction in the veterinary vaccines market. One of the key vendors Zoetis has already collaborated with the Easter Bush Research Campus in Edinburgh for technological advancements in animal vaccines. Similarly, the company also collaborated with the Roslin Institute at the University of Edinburg to explore the entry route and mechanism of persistence of viruses in cattle. Such collaborations will result in the incorporation of the research expertise of educational institutions and the marketing intelligence of companies, enabling the availability of financial aid for clinical trials.

Veterinary vaccines market: Competitive landscape and key vendors

The global veterinary vaccines market comprises of a number of key vendors. The vendors are increasingly competing against each other based on factors such as new technology, new indications, and new diseases. Several vendors are increasingly focusing on technological advancements and inorganic growth to penetrate the market and improve market shares. Some of the competitive factors adopted by these vendors include inorganic growth strategies and the development of vaccines for new indications.

Key vendors in the veterinary vaccines market

• Elanco
• Merck
• Merial
• Zoetis

Veterinary vaccines market segmentation by technology

• Live attenuated vaccine
• Inactivated vaccine
• DNA vaccine
• Toxoid vaccine
• Recombinant vector vaccine

The live attenuated vaccines segment accounted for the major shares and dominated the market during 2016. The live attenuated vaccines provide a strong and long-lasting immune response and are primarily used to control various diseases in animals such as rabies, anemia, anthrax, Newcastle disease, and WNV.

Veterinary vaccines market segmentation by geography and analysis of the veterinary vaccines market

• Americas
• APAC
• EMEA

During 2016, the Americas was the largest market for veterinary vaccines and according to this market research analysis, the region will maintain its dominance over the projected period as well. The growth in husbandry practices and improved farm management in the region will be the major factors propeling the growth of the veterinary vaccines market in this region.

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global veterinary vaccines market?
• What are the key market trends impacting the growth of the global veterinary vaccines market?
• What are the challenges to market growth?
• Who are the key vendors in the global veterinary vaccines market?
• What are the market opportunities and threats faced by the vendors in the global veterinary vaccines market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global veterinary vaccines market?

Technavio also offers customization on reports based on specific client requirement.