Animals are generally exposed to various internal and external factors that are disease-causing agents, thereby leading to communicable or fatal animal diseases. Animal vaccines control the transmission of these diseases, thus protecting animal and human health and enabling them to share the same environment, especially in the case of pet owners. The vaccines maintain and control the frequency of diseases. Animals serve as an essential source of food, meat, milk, protein, and other commercial products. The most generally used animal vaccines involve rabies vaccines and foot & mouth diseases vaccines. They prevent the transmission of infectious agents by simulating naturally acquired immunity. The constant development of vaccines is essential with the rise in the emergence of different animal diseases.
MARKET SCOPE
The "Global Animal Vaccination 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 animal vaccination market with detailed market segmentation by product type, animal type, route of administration, distribution channel, and geography. The report provides key statistics on the market status of the leading animal vaccination market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product type, the global animal vaccination market is segmented into attenuated vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, conjugate vaccines, recombinant vaccines, and DNA vaccines.
-On the basis of animal type, the market is bifurcated into livestock animal, and companion animals.
-On the basis of route of administration, the market is bifurcated into oral, parenteral, and others.
-Based on distribution channel, the market is segmented into veterinary hospitals, veterinary clinics, pharmacies & drug stores, and others.
MARKET DYNAMICS
Drivers
-The increasing livestock population, increasing awareness about animal diseases, and the increasing importance of animal health and welfare are supposed to drive the growth of the global animal vaccination market.
-The rise in investment for research and development activities of vaccines that inhibit the growth of antibiotic-resistant organisms and the increase in demand for animal vaccines boost the market growth.
-Growing technological advancements in animal vaccines fuel the market growth.
-The rise in number of zoonotic diseases and the increasing number of veterinary health care centers propel the demand for the animal vaccination market.
-The rising government initiatives and improving healthcare infrastructure for animal welfare are expected to create demand opportunities for the market.
Restraints
-The adverse impact of some veterinary vaccines on animal health.
-High storage cost of vaccines.
REGIONAL FRAMEWORK
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 animal vaccination 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 animal vaccination market in these regions.
IMPACT OF COVID-19 ON ANIMAL VACCINATION 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of 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. The shutdown of various plants and factories has affected the global supply chains and impacted the overall global market. With the rise in covid cases and imposed lockdown restrictions, the animal vaccination market experienced a decline in its growth rate. All the animal vaccination center's activities were postponed in order to control the spread of coronavirus infection. Hence, the market has experienced a footfall in the initial lockdown phases. However, relaxation by the government and unlock guidelines have positively impacted the market growth rate. During the lockdown period, as the companion animal population increased rapidly and the animals suffer from different diseases, it resulted in increased demand for vaccination for animals. Hence the market will experience a surge in demand and better share in the forecast period.
MARKET PLAYERS
The report covers key developments in the animal vaccination 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from animal vaccination market are anticipated to have lucrative growth opportunities in the future with the rising demand for animal vaccination in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal vaccination 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.
-Ceva
-Oneogen Corporation
-Merck Animal Health
-Boehringer Ingelheim International GmbH
-Zoetis
-Onovartis
-ImmuCell Corporation
-Merial
-Biovac
-Virbac
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.