Global Veterinary Vaccines Market Report 2021: COVID-19 Impact And Recovery
Business Research Company Global Veterinary Vaccines Market Report 2021: Impact And Recovery From COVID-19
LONDON, GREATER LONDON, UK, October 29, 2021 /EINPresswire.com/ – According to the new Veterinary Vaccines Global Market Report 2021: COVID-19 Impact And Recovery published by The Business Research Company, the Veterinary Vaccines It Will expects the market size to grow from $ 7 billion in 2020 to $ 7.73 billion in 2021 with an average annual growth rate (CAGR) of 10.4%. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities that created operational challenges. The veterinary vaccine market is expected to reach $ 10.18 billion at a CAGR of 7.1% in 2025. The increase in the number of animals suffering from a range of diseases is increasing the demand for vaccines to prevent and treat such diseases, driving the veterinary vaccine market.
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The veterinary vaccines market consists of the sale of vaccines and related services for the treatment and prevention of animal diseases. These veterinary vaccines reduce animal suffering and the transmission of microorganisms in the animal population. Veterinary vaccines are used to boost animal immunity by improving animal health, which also prevents the transmission of diseases from animals to humans. The veterinary vaccine industry includes companies that make veterinary vaccines such as livestock vaccines and pet vaccines.
Trends in the Global Veterinary Vaccine Market
Companies in the veterinary vaccine market are increasingly looking for strategic partnerships and collaborations to open up new regions and share research and development projects. For example, in 2020 the Pirbright Institute, a UK animal disease research institute, partnered with ECO Animal Health, a UK pharmaceutical company, and the Vaccine Group (TVG) to develop vaccines against Porcine Respiratory and Reproductive Syndrome Virus (PRRSV). The Vaccines Group is a biotechnology company that develops animal vaccines and is based in Plymouth, UK. MSD Animal Health, a division of Merck & Co headquartered in the USA, also entered into a strategic partnership with Vinovo. This partnership will help MSD Animal Health combine its unique broad line of vaccines and Vinovo’s vaccine delivery system with the vaccination process to improve bird welfare and reduce vaccine reactions. In addition, Wageningen Bio-Veterinärforschung has entered into a strategic alliance with Ceva, headquartered in Switzerland, to improve its research on the global threat posed by emerging and recurring animal diseases.
Global Veterinary Vaccines Market Segments:
The Global Veterinary Vaccines Market is further segmented:
After application: livestock vaccines, companion animal vaccines
By Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Others
According to disease type: anaplasmosis, parvovirus in dogs, foot and mouth disease, Newcastle disease, distemper disease, influenza, porcines reproductive & respiratory syndrome (PRRS)
By Geography: The global Veterinary Vaccines Market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, the Middle East, and Africa.
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Veterinary Vaccines Global Market Report 2021 is one of a series of new reports from The Business Research Company, the Veterinary Vaccines market overview, analysis and forecast of market size and growth for the global Veterinary Vaccines Market, Veterinary Vaccines Market Share, Veterinary Vaccines Market Players, Market Segments and Regions for Veterinary Vaccines, sales, profiles and market shares of the leading competitors in the Veterinary Vaccine Market. The Veterinary Vaccines market report identifies top countries and segments for opportunity and strategies based on market trends and the approaches of leading competitors.
Read The Business Research Company’s Veterinary Vaccines Global Market Report 2021 for information on:
Data segmentations: market size, global, by region and by country; Historical and forecast size and growth rates for the world, 7 regions and 12 countries
Market organizations covered for veterinary vaccines: Boehringer Ingelheim GmbH, Merck Animal Health, Zoetis Inc., Eli Lilly and Company and Bayer AG (Bayer Animal Health).
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Great Britain, USA.
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October 29, 2021, 10:10 GMT
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