LONDON, Nov 10, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on the Veterinary Vaccine Market, future veterinary vaccine trends include increasing demand for mRNA vaccines. Vaccines made from mRNA convert a protective antigen of the pathogen of interest to offer a new approach to the development of veterinary immunoprophylaxis. Cell culture and virus replication are not a prerequisite for manufacturing these vaccines. Hence, these vaccines can be manufactured quickly at affordable prices. These properties make mRNA vaccines a good choice for development with emerging viruses for species of veterinary importance.
Veterinary vaccine companies are also increasingly investing in toxoid vaccines. Toxoid vaccines use a toxin (harmful product) made by the germ that causes disease. They create immunity to the parts of the germ that cause disease instead of the germ itself. This means that the immune response is directed towards the toxin and not the whole germ. They are expected to grow in importance across the animal health sector. This is due to the impeccable benefits of the product, such as long-lasting immunity and high stability, immune response to the original toxin, and less susceptibility to changes in humidity and temperature. In 2021, it was revealed that toxoid vaccines are mainly used against bacterial diseases such as diphtheria and tetanus to boost the immune response.
The Veterinary Vaccines Market is segmented into Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines, and others by vaccine type. the live attenuated vaccines is the largest segment of the veterinary vaccines market by vaccine typewhich is $ 3,574.4 million or 40.6% of the total market in 2020. The live attenuated vaccines Market is expected to be the fastest growing segment forward at a CAGR of 16.4%.
Business Research Company’s report, titled Veterinary Vaccines Global Market Report 2021 – By Application (Livestock Vaccines, Companion Animal Vaccines), By Vaccine Type (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines), By Disease Type (anaplasmosis, Canine Parvovirus), Foot and Mouth Disease, Newcastle Disease, Distemper, Influenza, Porcine Reproductive & Respiratory Syndrome (PRRS), COVID-19 Impact And Recovery Covers Major Veterinary Vaccine Companies, Veterinary Vaccines Market Share by Company, Veterinary Vaccine Manufacturers, Veterinary Vaccine Market Size and Market Forecast for veterinary vaccines. The report also covers the global Veterinary Vaccines Market and its segments.
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The global veterinary vaccine market is predicted to be driven by $ 7 billion in 2020 to $ 7.73 billion in 2021 at 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 market is expected to reach $ 10.18 billion in 2025 at a CAGR of 7.1%.
The global veterinary vaccine market is concentrated in a few large players. the Top ten competitors on the market up to 63.45% of the total market in 2020. Major players in the market include Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co. Inc., Elanco Animal Health Incorporated, Ceva Santé Animale and others.
North America was that largest region in the veterinary vaccine market that 42.0% of the world market in 2020. Asia-Pacific, Western Europe and the other regions followed. In the future the fastest growing regions in the veterinary vaccine market Africa and South Americawhere the growth will be CAGRs of 25.4% and 22.3% each from 2020-2025.
Veterinary Vaccines Global Market Report 2021 – COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provide overviews of the Veterinary Vaccines market, Veterinary Vaccines market analysis, and forecast of market size and growth for the entire Market, Veterinary Vaccines Market Segments and Regions, Veterinary Vaccines Market Trends, Veterinary Vaccines Market Drivers, Veterinary Vaccines Market Restrictions, Revenues, Profiles, and Market Shares of Leading Veterinary Vaccine Competitors in 1,000+ Industry Reports Covering Over 2,500 Market Segments and 60 Regions.
The report also includes an in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 records, extensive desk research and exclusive insights from interviews with industry leaders. A very experienced and competent team of analysts and modelers provides market analyzes and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and the approaches of leading competitors.
Here is A List of similar reports from the corporate research firm:
Veterinary medicine market – by type of medicine (veterinary drugs, feed additives), by type of additives (antibiotics, amino acids and antioxidants, vitamins, acidulants, enzymes, others), by animal species (cattle (dairy and meat purposes), poultry, other farm animals, Dogs and cats, other companion animals), by drug type (brand, generic), by type of prescription (OTC, prescription), by route of administration (oral, intravenous, subcutaneous, other), by distribution channel (veterinary services, online, other), according to Degree of regulation (highly regulated countries, weakly regulated countries) and by region, opportunities and strategies – global forecast to 2030
Global Companion Animal Vaccines Market Report 2021 – By Product (Inactivated, Live Attenuated, Recombinant), By Route Of Administration (Oral, Parenteral), By Distribution Channel (Veterinary Clinics, Veterinary Clinics, Pharmacies & Drugstores), COVID-19 Growth And Change
Global Veterinary Disposable Market Report 2021 – By Type (Critical Care Consumables, Wound Management Consumables, Fluid Management Consumables, Respiratory Management Consumables, Gastroenterology Consumables, Needles), By Animal Type (Small Animals, Large Animals), By End-User ( Veterinary medicine) clinics, veterinary clinics, research institutes), COVID-19 growth and change
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