Veterinary Vaccines Market

Global veterinary vaccines market is estimated to be valued at USD 9.70 Bn in 2024 and is expected to exhibit a CAGR of 7.6% during the forecast period (2024-2031). Veterinary vaccines are biological preparations administered to animals in order to stimulate the immune system and provide active immunity against a disease. Vaccination protects individual animals from infectious diseases and generates herd immunity which indirectly protects the whole community. The global veterinary vaccine market has shown rapid expansion over the past few decades driven by the increasing awareness about animal healthcare as pets have become an integral part of people's families. Government mandates in various countries have also encouraged vaccination of livestock and companion animals. Advancements in vaccination technologies and recombinant procedures have enabled manufacturers to develop efficacious vaccines against a wide range of zoonotic diseases.

Market Dynamics:

The global veterinary vaccine market is driven by factors such as rising pet adoption, growing animal healthcare expenditure, government initiatives for animal disease control, increase in the risk of zoonotic diseases, and intensification of livestock farming. However, high cost of vaccine production, stringent regulations and lack of necessary infrastructure and expertise in some regions constrain market growth. Advancements in delivery systems, therapeutic approaches, and epitope mapping offer opportunities in the veterinary vaccines market. Pharmaceutical companies are developing recombinant protein and antitoxins for effective vaccination against swine fever, bird flu, rabies, and bovine tuberculosis which are major threats to animals as well as public health. Introduction of single-dose formulations and integrated needle-free injectors aim to reduce vaccination costs and improve convenience.

Key Features of the Study:

• This report provides an in-depth analysis of the global veterinary vaccines market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global veterinary vaccines market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study includes Aratana Therapeutics Inc., Regeneus Ltd., Morphogenesis Inc., Karyopharm Therapeutics Inc., Zoetis Inc., Eli Lilly and Company, Merck & Co. Inc., Boehringer Ingelheim GmbH., Elanco Animal Health, Virbac, Hester Biosciences Limited, Ceva Sante Animale, Phibro Animal Health Corporation, Kemin Industries, Inc., Finlab, Vaxxinova , Vira Vaccine Shaya, and VETERQUIMICA SA.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global veterinary vaccines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary vaccines market.

Market Segmentation

• Technology:
  • Inactivated Vaccines
  • Toxoid Vaccines
  • Live Attenuated Vaccines
  • Subunit and DNA Vaccines
  • Recombinant Vaccines
• Animal Type:
  • Companion 
    • Equine
    • Canine
    • Feline
  • Livestock 
    • Bovine
    • Ovine
    • Porcine
    • Poultry
    • Others
• Route of Administration:
  • Subcutaneous Injection 
  • Intramuscular Injection
  • Intranasal Administration
  • Others
• Distribution Channel
  • Public
  • Private
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Aratana Therapeutics Inc.
  • Regeneus Ltd.
  • Morphogenesis Inc.
  • Karyopharm Therapeutics Inc.
  • Zoetis Inc.
  • Eli Lilly and Company
  • Merck & Co. Inc.
  • Boehringer Ingelheim GmbH.
  • Elanco Animal Health
  • Virbac
  • Hester Biosciences Limited
  • Ceva Sante Animale
  • Phibro Animal Health Corporation
  • Kemin Industries, Inc. 
  • Finlab 
  • Vaxxinova 
  • Vira Vaccine Shaya
  • VETERQUIMICA SA