Veterinary Vaccines Market Projected to be Account for around US$ 11,100 Mn by 2023 Due to Outbreak of Pandemic Diseases and Increased Production of Farm Animals
London, London -- (SBWIRE) -- 11/10/2018 -- Analyst Speak:
"The Veterinary Vaccines Market has projected to account for US$ 11,100 Mn by 2023, witnessed to expand at significant CAGR over six years of forecast period 2018-2023 due to burgeoning the prevalence of pandemic diseases coupled with the increased poultry production across the globe''.
Precision Business Insights (PBI) in its report titled "Veterinary Vaccines Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2023" assesses the market performance over six years forecast period from 2018 to 2023. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The Veterinary Vaccines market was valued at US$ 8,400 Mn in 2018 and projected to reach US$ 11,100 Mn by 2023 due to rapid expansion of pandemic diseases, increased production of livestock across the globe and increased R&D investments in the veterinary vaccines to offer the novel solutions.
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Veterinary Vaccines market segmented on the basis of product, animal, and country
Inactivated Live Vaccines Expected to Dominate the Market
The veterinary vaccines market is segmented by product type i.e., Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA Vaccines, Recombinant Vaccines. The inactivated vaccines segment is witnessed to account for major market share over the forecast period due to increased demand for inactivated vaccines.
Based on animal type veterinary vaccines market segmented into cattle, canine, feline, poultry, and swine. Poultry vaccines are expected to gain traction over the forecast period owing to increased poultry production across the globe, increased demand for meat.
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North America Accounted for Major Market Share for Veterinary Vaccines Market
Precision Business Insights (PBI) Veterinary Vaccines market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share through 2012-2017 and is anticipated to continue the leverage over 2018-2023 owing to high awareness of animal diseases and transmission to humans, increased R&D in veterinary vaccines arena, launch of novel products in North America market coupled with rise in demand for poultry farms and cattle farms.
U.S. veterinary vaccines market is accounted for major revenue share in North America, owing to increased adoption of pets. Increased veterinary spending coupled with state-of-art healthcare technologies in country are expected to foster the market size in future.
Robust R&D Investments In Order to Offer Novel Animal Vaccines
The market players are increased R&D investment in animal vaccines to provide innovative solutions to treat the pandemic diseases. Key player's profiles in the report are Merck & Co., Phibro Animal Health Corp., Hester Biosciences Ltd, Zoetis Animal Healthcare, Eli Lilly & Company, Virbac, Ceva Sante Animale, Boehringer Ingelheim Animal Health GmbH, and HIPRA among others.
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By Product Type
o Attenuated Live Vaccines
o Inactivated Vaccines
o Subunit Vaccines
o DNA Vaccines
o Recombinant Vaccines
By Animal Type
o North America
? Rest of Europe
? Rest of Asia Pacific
o Latin America
? Rest of Latin America
o Middle East and Africa
? South Africa
? Saudi Arabia
? Rest of MEA
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