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Global Veterinary Vaccines Market By Vaccine Type (Porcine, Poultry, Others), By Technology (DNA Vaccines, Subunit Vaccines, Others.), By Animal type (Poultry, Aqua, Others), By Region, Forecast & Opportunities to 2026

The global veterinary vaccines market accounted for a value of USD 6.6 billion in 2019 and is projected to register growth at a CAGR of 6.5% during forecast period.

COVID-19 has impacted the veterinary vaccines market. The manufacturing unit has to halt and supply chain is disrupted due to travel restriction. The dedicated firms are focusing on producing vaccine for corona virus and the number of visits in pet hospitals is decreasing and the appointments are getting canceled due to corona of virus. The demand for veterinary vaccines is decreasing from hospitals. The market is likely to recover post COVID-19.

Definition:

Veterinary vaccines can be defined as vaccines used to prevent diseases among animals. It helps in prevent pet illness and helps in avoiding costly treatments. These vaccines prevent diseases which can be spread between animals and from animals to humans.

Market Dynamics (Drivers/Opportunities):

The companion animal population is increasing and the incidence of zoonotic diseases is increasing rapidly around the world. The animal associations are adopting various initiatives with support of government to maintain animal health. This demand for animal-derived food products is increasing in the market and this increases the demand for veterinary vaccines and drives growth in this segment during forecast period.

The disease among livestock is increasing which creates problem such as uncertain food security, and losses within livestock production systems. These problems affect human health adversely. Livestock disease management helps in reducing diseases using vaccination of animals. This increases demand for vaccines and drives growth in veterinary vaccines market during forecast period.

Market Insights, by Vaccine Type

On the basis of vaccine type, the veterinary vaccines market is segmented into porcine vaccines, poultry vaccines, livestock vaccines, companion animal vaccines, aquaculture vaccines and others. The companion animal vaccines segment is estimated to be the fastest growing segment during forecast period. Vaccination is considered one of the most safest and cost-effective means of diseases prevention for animals. The advancement in vaccines technology and diagnostic services is increasing and the concerns for vaccine safety among people are also increasing. This increases growth in companion animal vaccines segment during forecast period.

Market Insights, by Technology

On the basis of technology, the veterinary vaccines market is segmented into DNA vaccines, subunit vaccines, inactivated vaccines, attenuated live vaccines and recombinant vaccines. The attenuated live vaccines segment accounted for the largest market share in 2019. The DNA vaccines segment is estimated to dominate the market during forecast period. The DNA vaccines are very effective and capable of providing responses similar to live attenuated vaccines. This most stable vaccine and the demand for such vaccines is growing in the market. This drives growth in DNA vaccines segment during forecast period.

Market Insights, by Animal Type

On the basis of animal type, the veterinary vaccines market is segmented into poultry, aqua, ruminants, companion and feline. The ruminants segment accounted for largest market share by revenue in 2018. However, the companion animals segment is estimated to be the fastest growing market during forecast period. The population of pet is increasing in the world. The adoption of vaccination is important to prevent life-threatening diseases such as parvovirus and canine distemper etc. This increases demand for vaccines in companion animals segment and drives growth in companion animal segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The pet population is increasing in this region. The government is also adopting initiatives for providing better vaccines to the pet. This increases demand and adoption for veterinary vaccines in this region. The companies are largely investing in R&D segment to develop technologically advanced vaccines at low cost. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in veterinary vaccines industry are Zoetis, Merck Animal Health, Boehringer Ingelheim, Elanco, Ceva, Virbac, vetoquinol, Phibro Animal Health, Hester Biosciences, Hipra, Biogenesis Bago, Tianjin Ringpu, China Animal Husbandry, Jinyu Bio-Technology, Torigen, Aptimmune Biologics and Indian Immunologicals Ltd.

Segments Covered in the Report

This report forecasts The Global Veterinary Vaccines Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global veterinary vaccines market report on the basis of vaccine type, technology and animal type.

Veterinary Vaccines Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Veterinary Vaccines Market, By Vaccine Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Porcine Vaccines
  • Poultry Vaccines
  • Livestock Vaccines
  • Companion Animal Vaccines
  • Aquaculture Vaccines
  1. Veterinary Vaccines Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • DNA Vaccines
  • Subunit Vaccines
  • Inactivated Vaccines
  • Attenuated Live Vaccines
  • Recombinant Vaccines
  1. Veterinary Vaccines Market, By Animal Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Poultry
  • Aqua
  • Ruminants
  • Companion
  • Feline
  1. Veterinary Vaccines Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Vaccine Type
    • By Technology
    • By Animal Type
    • By Country
      • USA
        • By Animal Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Vaccine Type
      • By Technology
      • By Animal Type
      • By Country
        • Brazil
          • By Animal Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Vaccine Type
        • By Technology
        • By Animal Type
        • By Country
          • UK
            • By Animal Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Vaccine Type
          • By Technology
          • By Animal Type
          • By Country
            • China
              • By Animal Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Vaccine Type
            • By Technology
            • By Animal Type
            • By Country
              • Saudi Arabia
                • By Animal Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Aptimmune Biologics
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Zoetis
    • Merck Animal Health
    • Boehringer Ingelheim
    • Elanco
    • Ceva
    • Virbac
    • Vetoquinol
    • Phibro Animal Health
    • Hester Biosciences
    • Hipra
    • Biogenesis Bago
    • Tianjin Ringpu
    • China Animal Husbandry
    • Jinyu Bio-Technology
    • Torigen
    • Indian Immunologicals Ltd
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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