Animal Vaccines Market Demand, Growth, Size, Share, Analysis, Development and Forecast to 2023


Posted October 1, 2018 by pragatiseo

Like humans, animals also suffer from several infectious diseases such as rabies and foot and mouth disease. Introduction of advanced veterinary medicines hold prime importance in the treatment of animal diseases.

 
Like humans, animals also suffer from several infectious diseases such as rabies and foot and mouth disease. Introduction of advanced veterinary medicines hold prime importance in the treatment of animal diseases. However, prevention of diseases is also essential to provide immunity against various diseases. Prevention is usually done by vaccination. Vaccination also reduces the multiple doses of antibiotics used to control established diseases and has prevented long term suffering and death from diseases.

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Europe dominates the global animal vaccines market followed by North America. Germany, France and the U.K. are some of the largest markets for animal vaccines in Europe. The U.S., followed by Canada, is the largest market for animal vaccines in North America. The key driving factor for animal vaccines market in these regions is increasing research activities on various types of animal diseases. In addition, increased awareness about animal health also has a strong positive impact on the growth of animal vaccines market in Europe and North America. However, Asia-Pacific represents the fastest growing region in the global animal vaccines market. This is due to minimal wages and availability of skilled professionals in the region. These factors attract vaccines manufacturing companies to invest in the Asian countries. In addition, increasing awareness about animal health also boosts the growth of animal vaccines market in the region. China, Japan and India are the largest animal vaccines markets in the region.

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However, patent expiry of various major vaccines and increasing maintenance costs for vaccines are key restraints of this market. Stringent regulations and legislations and shift towards vegetarian food by consumers also obstruct the growth of global animal vaccines market. Rapid product launches and increasing mergers and acquisitions between vaccines manufactures are emerging trends of the global animal vaccines market.

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Categories Biotech , Health , Medical
Tags animal vaccines market demand , animal vaccines market development , animal vaccines market growth , animal vaccines market overview , animal vaccines market segmentation , animal vaccines market share , animal vaccines market size
Last Updated October 1, 2018