Veterinary vaccines are parenteral products used to prevent infectious diseases caused by a variety of pathogens. These vaccines protect animals from a variety of life-threatening diseases. Veterinary vaccines serve a critical role in ensuring the longevity, good health, and overall production of pets and livestock in a cost-effective way. The veterinary vaccines are classified as, inactivated vaccines, live-attenuated vaccines , toxoid vaccines, recombinant vaccines, and others.
The "Global Veterinary Vaccines Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the veterinary vaccines market with detailed market segmentation by vaccine type and technology. The report provides key statistics on the market status of the leading veterinary vaccines market players and offers key trends and opportunities in the market.
- Based on vaccine type the market is segmented as, livestock vaccines, companion animal vaccines.
- Based on technology the market is segmented as, live attenuated vaccines, inactivated vaccines, toxoid vaccines, recombinant vaccines, conjugate vaccines.
- Increasing companion animals populations and growth in demand for pet vaccines.
- Growing prevalences of zoonotic disorders.
- Growing demand of animal derived food products is also expected to spur market growth.
- Various government and non-government organisations' initiatives for animal health care and protection.
- However, high cost of vaccines is expected to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The veterinary vaccines market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the veterinary vaccines market in these regions.
IMPACT OF COVID-19 ON VETERINARY VACCINES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Due to all the restrictions imposed and lockdowns the demand for veterinary vaccines declined and veterinary visits also gone down. Also, the veterinary care approach is changed due to restrictions and emphasis is given on treatment of ill and diseased pets or animals. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the veterinary vaccines market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from veterinary vaccines market are anticipated to lucrative growth opportunities in the future with the rising demand for veterinary vaccines in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the veterinary vaccines market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Boehringer Ingelheim International GmbH
- Zoetis Services LLC
- NEOGEN Corporation
- ImmuCell Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.