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Veterinary Vaccines Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024


The “Veterinary Vaccines Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Veterinary Vaccines Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Veterinary Vaccines market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Veterinary Vaccines Market Are:

  • Zoetis Animal Healthcare
  • Merck & Co.
  • Virbac SA
  • Hester Biosciences Ltd
  • Elanco
  • Boehringer Ingelheim Animal Health GmbH
  • Ceva Sante Animale
  • Phibro Animal Health Corp.

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    Market Overview:

  • The veterinary vaccines market was valued at USD 7,226 million in 2018 and is expected to register a CAGR of about 5.78%, during the forecast period, 2019-2024. The veterinary vaccines market is expected to be driven by technological innovations in vaccines, increasing awareness regarding animal health, increasing investments by government bodies and associations, increased demand for animal protein, including milk, meat, eggs, and fish, and increased expenditure on healthcare for companion animals.
  • Anthrax is one of the most common livestock diseases in the world. According to a report published by WHO (World Health Organization), although national programs have resulted in the containment of anthrax globally, it is still prevalent, primarily due to the lack of experience of the most recent generations of veterinarians in identifying and reporting the disease and the discontinuation of vaccination against the disease.
  • From January to April 2015, disease reports from countries in North and West Africa, the Middle East, and East, South, and Southeast Asia mainly included foot-and-mouth disease (FMD) and H5N1 highly pathogenic avian influenza (HPAI) outbreaks, which are the two major transboundary animal diseases of economic concern, globally. This period was also characterized by the continued global spread of various avian influenza (AI) subtypes, regional spread of H5N1 HPAI in West Africa, and continued regional spread of lumpy skin disease (LSD) in the Middle East. Continuations of the ongoing regional epidemics of Ebola in West Africa and the Middle East respiratory syndrome coronavirus (MERS-CoV) in the Middle East were observed. Thus, increasing incidence of livestock diseases is the major factor driving the growth of the veterinary vaccines market, as these diseases can be eradicated with the periodic use of vaccines for animals.
  • Other factors which are driving the veterinary vaccines market growth are rising incidence of zoonotic diseases and initiatives taken by government agencies, animal associations, and leading players.

    Scope of the Report:

  • The veterinary vaccines market has been segmented based on vaccine type, technology, and geography. By vaccine type, the market is divided into livestock vaccines and companion animal vaccines. By technology, the market is divided into live attenuated vaccines, inactivated vaccines, toxoid vaccines, recombinant vaccines, and other technologies.

    Veterinary Vaccines Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Veterinary Vaccines market?
    • What are the key market trends impacting the growth of the global Veterinary Vaccines market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Veterinary Vaccines market?
    • What are the market opportunities and threats faced by the vendors in the global Veterinary Vaccines market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Veterinary Vaccines market?

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    Key Market Trends:

    Canine Vaccines Sub-segment holds the Largest Market Share in the Companion Vaccine Segment

    Veterinary vaccines are used primarily for livestock, as they suffer from various diseases, such as bluetongue virus, foot-and-mouth disease (FMD), and rabies, among others. However, canine vaccine, which is a sub-segment of the companion animal vaccines segment, dominated the market in terms of revenue. Vaccination has long been a principal point of canine practice since it is one of the safest and most cost-effective means of infectious disease prevention. The rapid proliferation of companion animal vaccines, advancement in diagnostic services and vaccine technology, and concerns over vaccine safety have contributed to the strong growth of the canine vaccine segment. Moreover, the market is being positively affected by evolving vaccine protocols with continuous changing patterns of diseases and pet population.

    North America Dominates the Market by Value and Asia-Pacific is expected to grow with the Highest Growth Rate

    North America held the largest share of USD 3,191.72 million in 2018 and is expected to reach USD 4,491.75 million by 2024, at an estimated CAGR of 5.86%, over the forecast period. However, due to the increasing adoption of veterinary vaccines for quality food products and better animal health, Asia-Pacific is projected to experience rapid growth, while recording a CAGR of 6.10% during the forecast period.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Veterinary Vaccines Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Veterinary Vaccines .

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    Report Objectives:

    • Analyzing the size of the Veterinary Vaccines market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Veterinary Vaccines market.
    • Determining the key dynamics of the Veterinary Vaccines market.
    • Highlighting significant trends of the Veterinary Vaccines market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Veterinary Vaccines market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Veterinary Vaccines market.

    Detailed TOC of Veterinary Vaccines Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Incidence of Livestock Diseases
    4.2.2 Increasing Incidence of Zoonotic Diseases
    4.2.3 Initiatives by Government Agencies, Animal Associations, and Leading Players
    4.3 Market Restraints
    4.3.1 High Storage Costs for Vaccines
    4.3.2 Shortage of Veterinarians and Skilled Farm Workers
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5.1 By Vaccine Type
    5.1.1 Livestock Vaccines Bovine Vaccines Poultry Vaccines Porcine Vaccines Other Livestock Vaccines
    5.1.2 Companion Animal Vaccines Canine Vaccines Feline Vaccines Equine Vaccines
    5.2 By Technology
    5.2.1 Live Attenuated Vaccines
    5.2.2 Inactivated Vaccines
    5.2.3 Toxoid Vaccines
    5.2.4 Recombinant Vaccines
    5.2.5 Other Technologies
    5.3 Geography
    5.3.1 North America United States Canada Mexico
    5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
    5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
    5.3.4 Middle East & Africa GCC South Africa Rest of Middle East & Africa
    5.3.5 South America Brazil Argentina Rest of South America

    6.1 Company Profiles
    6.1.1 Zoetis Animal Healthcare
    6.1.2 Merck & Co.
    6.1.3 Virbac SA
    6.1.4 Hester Biosciences Ltd
    6.1.5 Elanco
    6.1.6 Boehringer Ingelheim Animal Health GmbH
    6.1.7 Ceva Sante Animale
    6.1.8 Phibro Animal Health Corp.
    6.1.9 HIPRA



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