22 February 2021
Visiongain has published a new report on Animal Vaccine Market Report to 2031. According to the Visiongain analysis, the global animal vaccines market is expected to grow at a CAGR of 7.4% during the forecast period (2021-2031). Forecasts by product type (Live attenuated vaccine, Conjugate Vaccine, Inactivated vaccine, Toxoid Vaccine & others), By Vaccine Type, Companion vaccine (Feline vaccine, Canine vaccine) Livestock vaccine( Equine, Porcine, Poultry & Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) PLUS Profiles of Leading Animal Vaccines Companies PLUS COVID-19 Recovery Scenarios.
The Global Animal Vaccines market was valued at US$ XXX billion in 2021 and is projected to reach a market value of US$ XXX billion by 2031. The study covers detailed and insightful chapters on market overview, market segments, new developments, competitive landscape, strategic recommendations, key company analysis, market opportunities, pricing analysis, gap analysis, porter’s 5 forces model, company profiling, geographical analysis, and analytical overview of the market. Increasing ownership and awareness for companion animals, cost-effective methods to prevent animal diseases and prevalence and control of animal diseases are some of the factors driving the growth of the animal vaccines market.
COVID-19 Impact on Animal Vaccines Market
The COVID-19 pandemic, caused by the SARS-CoV-2 coronavirus, has completely invaded a human population, which lacks pre-existing immunity. In a bid to contain the COVID-19 pandemic, lockdowns were imposed around the globe. Over 200 countries have been affected by the COVID-19 pandemic, on 5th December 2020, the global COVID-19 cases were 64.8 million with 1.49 fatalities. The animal vaccine market was severely affected in the first quarter of 2020 since major economies imposed a complete lockdown to contain the COVID-19. Unlocking phases boosted the growth of the animal vaccines market. However, the development of an effective vaccine is a long-term solution for COVID-19. According to the Center for Disease Control and Prevention (CDC), a small number of companion animals were reported to be infected with the COVID-19 in several countries, including the US. The CDC, U.S. Department of Agriculture (USDA), state public health and animal health officials are working together to conduct active surveillance of SARS-CoV-2 in pets, such as cats, dogs, and other small mammals, that had contacted with COVID-19 patients. With the significant development of COVID-19 vaccines in clinical trials, it is expected that in the first quarter of 2021 most of the countries will be immune.
Cost-effective method to prevent animal disease
Animal vaccines are considered as the major factor in protecting animal & public health and reduce animal suffering. The vaccination enables the inefficient production of food animals to feed the growing human population, and significantly reduce the need for antibiotics to treat food and companion animals. The cost-effective method enables to prevent of animal disease, improves the efficiency of food production, and enables to reduces the transmission of zoonotic & foodborne infections to humans. The demand for animal vaccines is increasing among companion animals and enables in development of human anima bonds.
The increasing need for food safety vaccine
Animal vaccines enable to reduce the shedding of organisms, which causes foodborne diseases in humans. The vaccine may not be helpful in improvising the health of vaccinated anima, however, enables to reduce the shedding of pathogens, which may contaminate animal products for human consumption. Factors such as advanced technologies and regulatory management contribute to the availability of animal vaccines. Animal vaccines are widely accepted as promising alternatives to antibiotics, due to its safety, cost-effectiveness, and considered as easy to use in food-producing animals.
Reducing the need for antibiotics
Animal vaccines reduce the need for antibiotics to treat infections in livestock and companion animals. There is a rise in concerns about antibiotic resistance associated with the widespread use of antibiotics in animal and human medicine. The demand for animal vaccine is increasing due to easy availability and affordability coupled with increasing reliability for the animal health.
Government initiatives for animal health & safety
The government initiatives are increasing, to improvise animal health conditions caused due to the outbreak of influenza and foot-and-mouth disease, which has motivated the demand for animal vaccines. Preventing animal diseases, introducing advanced vaccine, and monitoring animal health, enhance the vital economy and safety of food supply. However, the demand to produce healthy livestock is increasing, for a safe food supply as consumption of animal-based food products is increasing globally.
Bayer AG, Elanco Animal Health Inc., Merck & Co., Inc., Zoetis, Virbac, Boehringer Ingelheim, Sanofi, BioVet KZ, Protein Science, Vaxxinova GmbH, Bimeda Holdings PLC, Biogenesis Bago SA, Bio-Vet and Ceva Santé Animale are some of the key players contributing into the growth of the global animal vaccines market. The market players are adopting new strategies to stay competitive in global markets such as new product developments, joint ventures, mergers and acquisitions, and geographical expansions. For instance, in July 2020, Zoetis collaborated with Trianni, Inc. for the development of transgenic monoclonal antibody platforms for the discovery of new veterinary treatments. In January 2020, Ceva Santé Animale signed several agreements with the Vietnam Department of Animal Health (DAH), which enables the company to accelerate the implementation of preventive health strategies, such as R&D of new vaccines. The collaboration focuses to deliver effective local Foot and Mouth disease vaccines.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The food for special medical purpose (FSMP) market growth can be attributed to the growing prevalence of metabolic diseases, growing consumer unhealthy lifestyle, and surge in demand from emerging economies such as Asia Pacific, Middle East & Africa, Latin America, and others.
12 April 2021
Growing incidence of chronic diseases; increasing R&D investment for drug discovery research and Growing Adoption of High-Throughput Screening Methodologies are some of the major factors that propel the market growth.
09 April 2021
The main drivers for the growth include technological advancements in the development of novel biomarkers, rising preference for minimally or less invasive surgeries, increasing cancer awareness leading to growth in cancer cases, and growing disposable income in emerging economies.
06 April 2021
Factors such as increasing data volumes for analysis, quick turnaround time for the discovery and development new drug, computing power, AI also helps in targeted manufacturing and others drive the market growth.