Veterinary Vaccines Market

Veterinary Vaccines Market
to Surpass US$ 9.4 Billion
by 2024
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The Global Veterinary Vaccines Market was valued at US$ 5,688.7 million in 2015 and is projected to expand at a
CAGR of 5.9% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market
Insights. Rise in incidence of food-borne zoonotic diseases along with increase in population of livestock is expected to
favor growth of the veterinary vaccines market. According to European food safety authority (EFSA), In the European
Union (EU), over 320,000 fatalities are reported each year due to food-borne zoonotic diseases.
Zoonoses are infections that directly infect humans or are indirectly transmitted to humans through animals by
transmission of micro-organisms such as such as bacteria and their toxins, viruses and parasites. This can be caused due
to consumption of contaminated food in contact with infected animals or contaminated meat products. Severity of such
diseases varies from mild symptoms to life-threatening conditions. Most such micro-organisms are found in the intestines
of healthy food-producing animals. The above concern is one of the major factors projected to propel growth of the market
for veterinary vaccines over the forecast period. Furthermore, livestock animals serve as a major source of primary and
secondary food products. Rise in population of livestock animals is expected to fuel demand for veterinary vaccines in the
near future. Veterinary vaccines promotes better growth of animals. According to WHO, in 2015, children under five years
of age accounted for one third of all deaths due to foodborne diseases.
Breakout of zoonotic diseases are dependent on various factors such as environmental changes, demographics related to
human and animals, pathogen changes and farming practice modifications. According to Maine Center for Disease Control
& Prevention, in 2013, around 75% diseases of animal origin affecting humans were infectious diseases. As animals are
the closest companions to humans and also serve as sources of various products such as meat and milk, care should be
given according to the severity of the disease from which they can be affected.
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Key takeaways of the market:
The global veterinary vaccines market is expected to expand at a CAGR of 5.9% during the forecast period (2016–
2024). Rise in pet vaccination awareness among the population globally is expected to favor the market for
veterinary vaccines market over the forecast period.
The live attenuated vaccines segment in the global veterinary vaccines market was estimated to be the largest in
2015 and is expected to dominate the market throughout the forecast period in terms of value. Rise in demand for
white meat in North America and Europe is expected to fuel the market to high growth over the forecast period
In terms of animal type, the livestock type sub-segment is expected to expand at a significant CAGR of 5.6%
during the forecast period owing to rise in population of livestock animal and the human dependency on the cattle
for primary as well as secondary products
The global veterinary vaccines market is characterized by strategic research and development and advancements
in the technology of vaccines production. Also, the rise in adoption for poultry business globally is expected to
favor the market for veterinary vaccines market.
Some of the major players are Zoetis Inc. Merck Animal Health, Merial Inc., Boehringer Ingelheim, Bayer Animal
Health, Elanco Animal Health, Ceva Animal Health, Heska Corporation, Virbac Inc., and Indian Immunological Ltd.
Request for sample copy of Veterinary Vaccines Market :
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The Global Veterinary Vaccines Market was valued at US$ 5,688.7 million in 2015 and is projected to expand at a CAGR of 5.9% during the forecast period (2016–2024)