North America Veterinary Vaccines Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s study shows the probable growth of the veterinary vaccines market in North America at a CAGR of 6.91% over the years 2022 to 2028. The United States and Canada highlight the overall progress within the region.
The North American veterinary vaccines market showed a robust growth given the rise in animal diseases, increased R&D, and other government incentives.
The United States is among the leading countries in the veterinary vaccines market. The demand for vaccines in the country is expanding due to a mass livestock population. In this regard, major leading players like Merck Animal Health and Zoetis Inc provide robust solutions to vaccinate livestock. Moreover, the country has the largest population of companion animals, making it one of the biggest markets for vaccine producers. These factors boost the growth process of the veterinary vaccines market.
Likewise, Canada’s veterinary vaccines market is likely to grow due to the rising companion animal population. Additionally, there is an increasing risk of animal disease due to abundant livestock. As such, the government of Canada is largely supporting the vaccine market players through investments in more than 5,000 projects, which has improved the veterinary services. Therefore, the growing agricultural sector is expected to provide ample opportunities for the veterinary vaccines market in Canada.
COMPETITIVE OUTLOOK
The prominent companies contributing to the growth of the veterinary vaccines market include Merck Animal Health, Phibro Animal Health, Vaxxinova GmbH, Hester Biosciences Ltd, Elanco Animal Health Inc, and Ceva Sante Animale.
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