Veterinary Vaccines Market, by Technology (Inactivated Vaccines, Toxoid Vaccines, Live Attenuated Vaccines, and Subunit and DNA Vaccines), by Animal Type (Companion (Equine, Canine, and Feline) and Livestock (Bovine, Ovine, Porcine, Poultry, and Others)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Veterinary/Animal vaccines are parenteral products that are used as prophylactic as well as in the treatment of various veterinary diseases. Veterinary vaccines play a crucial role in ensuring good health, longevity, and improving overall productivity of pets and livestock, in a cost-effective manner. It also plays an important role in curtailing incidence of transmission of various diseases from animals to humans.
Veterinary vaccines are broadly classified as inactivated vaccines, toxoid vaccines, live attenuated vaccines, conjugated vaccines, and subunit and DNA (Deoxyribonucleic acid) vaccines. Veterinary vaccines impact animal health and production quality and also ensure good health of general human population through consumption of various food procured from animals.
Market Dynamics
Growth of market is driven majorly by the increase in companion animal population, rising incidence of zoonotic diseases (diseases which are transferred from animals to people), initiatives by various government agencies and animal associations to maintain animal health, and the rising demand for animal-derived food products, which are driving growth of market. Moreover, increase in the prevalence of veterinary diseases is expected to drive the veterinary vaccine market growth during the forecast period. For instance, according to International Journal of Current Microbiology and Applied Sciences, as of July 10, 2020, number of cases of Sheep & Goat pox in India has increased from 913 cases per year to 3376 cases per year. Thus increasing prevalence of livestock diseases is expected to propel the market growth over the forecast period.
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