DALLAS, June 9, 2015 /PRNewswire/ --
According to a new market research report "Veterinary/Animal Vaccines Market Product (Livestock, Companion, Poultry, Equine, Porcine), Diseases (Rabies, Distemper, Foot & Mouth, Gumboro, Swine& Avian Influenza, Strangles), Technology (Live attenuated, DNA, Inactivated) - Global Forecast to 2020", published by MarketsandMarkets, the global Veterinary Vaccines Market is poised to reach $7,197.9 Million by 2020 from $5507.3 Million in 2015, at a CAGR of 5.5% from 2015 to 2020.
Browse 124 market data Tables and 65 Figures spread through 250 Pages and in-depth TOC on "Veterinary/Animal Vaccines Market"
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Factors such as growing prevalence of animal diseases, increasing incidences of zoonotic diseases, rising investments by government bodies and associations, and launches of innovative products by companies are driving the Veterinary Vaccines Market. However, rising costs of storage and maintenance of vaccines, increasing adoption of vegetarian food in major economies owing to increasing risk of obesity and other chronic disorders, and persistent economic slowdown are major factors hindering the growth of Veterinary Vaccines Market.
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The market is segmented on the basis of products, diseases, technologies and regions. The veterinary vaccine products market is categorized into companion animal vaccines, livestock, poultry, porcine, equine, aquaculture, and other animal vaccines. In this market, the companion animal vaccines segment is the fastest-growing segment due to increasing awareness about vaccination, rising incidence of zoonotic diseases in humans, and increasing pet population.
On the basis of technology, the Veterinary Vaccines Market is classified into inactivated vaccines, live attenuated vaccines, toxoid vaccines, conjugate vaccines, DNA vaccines, recombinant vaccines, subunit vaccines. Live attenuated vaccine technology is the major technology in the Veterinary Vaccines Market.
On the basis of region, the Veterinary Vaccines Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2014, Europe accounted for the largest share of the Veterinary Vaccines Market, followed by North America. However, Asia is expected to register a higher growth rate during the forecast period owing to huge investment opportunities in this region. The growth of the Veterinary Vaccines Market in the Asia will revolve around China, India, and Thailand.
Major players operating in the Veterinary Vaccines Market are Zoetis (U.S.), Merck Animal Health (U.S.), Merial Inc. (Sanofi) (France), Boehringer Ingelheim (Germany), and Elanco Animal Health (U.S.).
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