New York, United States: The Report on Veterinary Vaccines Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Veterinary Vaccines Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors. The global Veterinary Vaccines market gathered revenue around USD 10.2 Billion in 2020 and market is set to grow USD 15.3 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.2% during the prediction period 2021 to 2027.
Overview of Veterinary Vaccines Market Study
Veterinary Vaccines market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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The market space is dynamically transforming over recent years. This can be ascribed to the rising incidences of animal diseases and associated fatalities. According to Global Animal Health Association, 20% of animals lose their lives to preventable diseases, posing a great challenge for veterinarians, animal medicine providers, and farmers. Besides, 1 out of 5 farm animals is lost to disease every year, as cited by the World Organization for Animal Health.
In such conditions, veterinary vaccines have played an eminent role in protecting animal health, reducing their suffering, and greatly cutting down the need for antibiotics to treat companion animals. When taken in spray or immersion form, vaccines are estimated to induce innate and specific immune responses to infection, enable effective delivery of inactive vaccines, and enhance the efficacy of vaccines.
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COVID-19 Impact on Veterinary Vaccines Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Veterinary Vaccines market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Veterinary Vaccines market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Veterinary Vaccines market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Veterinary Vaccines market include:
Zoetis (US), Merck Animal Health (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (US), Virbac (France), Vetoquinol (France), Phibro Animal Health (US), Hester Biosciences (India), HIPRA (Spain), Biogenesis Bago (Argentina), Tianjin Ringpu (China), China Animal Husbandry (China), Jinyu Bio-technology (China), Endovac Animal Health (US), Brilliant Bio Pharma Private Limited (India), Aptimmune Biologics (US), Indian Immunologicals Ltd. (India), Torigen (US), and VEROVACCiNES (Germany).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Porcine Vaccines
- Poultry Vaccine
- Livestock Vaccine
- Bovine Vaccines
- Small Ruminant Vaccines
- Companion Animal Vaccine
- Canine Vaccine
- Feline Vaccine
- Aquaculture Vaccines
- Other Animal Vaccines
- Small Ruminant
- Companion Animal
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
- Other Vaccines
The Asia Pacific is expected to grow at the highest rate in the veterinary vaccines market. The major factors driving the growth of this market include the rising pet adoption, expansion of key vaccine players, increasing product availability, and investments in manufacturing facilities in various Asia Pacific countries, especially in India, China, and Thailand.
Why Buy this Report?
The purpose of Nova one advisor’s Veterinary Vaccines market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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