Veterinary Vaccine Market– Insights

Veterinary vaccination enhances health of animals, thus improving their life expectancies. Most common veterinary vaccines available for rabies, E. coli, distemper, hepatitis rotavirus, parvovirus, brucellosis, and pinkeye. Various diseases such as foot-and-mouth disease and influenza adversely affect livestock across the globe. Economic losses due to death of livestock is significant, as it impacts the supply of dairy products, meat, and other poultry products.

Veterinary biologics are governed by the U.S. Department of Agriculture (USDA) Center for Veterinary Biologics. According to the American Veterinary Medical Foundation, core vaccines such as rabies, feline viral rhinotracheitis, feline panleukopenia, canine parvovirus infection, and canine hepatitis are recommended for every pet, while non-core vaccines such as canine kennel cough and feline leukemia are recommended based on specific needs of the animal. However, low awareness among pet owners and livestock managers are expected to hamper growth of the veterinary vaccines market, especially in emerging economies.

The global veterinary vaccine market was valued at US$ 6,766.5 million in 2018, and is expected to exhibit a CAGR of 6.2% over the forecast period (2019-2027).

Global Veterinary Vaccine Market Share (%) Analysis, By Technology, 2019

Veterinary Vaccines  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Viral Outbreaks in Companion and Livestock Population is expected to Drive Growth of Global Veterinary Vaccine Market

Viral outbreak in livestock population such as nipah virus, swine flu, canine influenza, bird flu, and avian influenza are expected to drive growth of the veterinary vaccine market over the forecast period. Nipah virus outbreak found in equine veterinarians in 2018 has influenced scientists to create vaccine, for global concerns. Furthermore, in 2018, the World Health Organization listed Nipah infection as a public health risk with epidemic potential.

Moreover, in May 2018, Coalition for Epidemic Preparedness Innovations (CEPI), announced it would grant around US$ 25 million over the next five years to the U.S. pharma firms such as Profectus BioSciences and Emergent BioSolutions to advance the development of vaccine against viral infection, which has proved to be fatal in 70% of the cases.

Veterinary Vaccine Market- Restraints

High storage costs and complex methodology for vaccines is expected to hamper growth of the veterinary vaccine market during the forecast period. For instance, proper vaccine storage and handling is important factor in preventing and eradicating various common vaccine-preventable disease. Each year failure of storage and handling errors result in revaccination of many patients and significant financial loss is experienced due to wasted vaccines. Moreover, failure to store and handle vaccines properly can reduce vaccine potency, resulting in inadequate immune responses in patients, and poor protection against diseases.

Furthermore, all vaccines used in small and large animal veterinary medicine, including lyophilized (freeze-dried) and liquid forms, must be stored in the dark with temperature of 35°F (2°C) and 45°F (7°C). A few veterinary vaccines such as poultry and fish vaccines must be kept frozen. Moreover, technicians working with frozen vaccines should contact the manufacturer for specific storage instructions, which requires high expenditure for storage of vaccines.

Veterinary Vaccine Market- Regional Insights

On the basis of region, the global veterinary vaccine market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global veterinary vaccine market during the forecast period, owing to increasing number of pet owners and their inclination towards healthy animal practices. For instance, according to the National Pet Owners Survey, 2017-2018, 68% or 85 million families owned pet animals in the U.S.

Moreover, Asia Pacific is expected to witness significant growth in the global veterinary vaccine market. The market in Asia Pacific is expected to gain momentum during the forecast period, owing to increasing product launches by manufacturers for various diseases in the region. For instance, in January 2019, Boehringer Ingelheim launched swine vaccine Ingelvac PRRS MLV in China.

Global Veterinary Vaccine Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027

Veterinary Vaccines  | Coherent Market Insights

 Source: Coherent Market Insights Analysis (2020)

Veterinary Vaccine Market- Competitive Landscape

Key players operating in the global veterinary vaccine market include Aratana Therapeutics, Inc., Regeneus Ltd., Morphogenesis, Inc., Karyopharm Therapeutics, Inc., Zoetis, Inc., Eli Lilly and Company, Merck & Co., Inc., and Boehringer Ingelheim GmbH.

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.

Vaccines are broadly classified as inactivated vaccines, toxoid vaccines, live attenuated vaccines, conjugated vaccines, and subunit and DNA 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. The continued interaction between animals and health professionals are the major importance for adaption of novel technologies in heath sector.

Market Dynamics

Increasing incidence of veterinary diseases is expected to drive the veterinary vaccine market growth during the forecast period. For instance, according to the 2015 Global Animal Disease Intelligence Report by the Food and Agriculture Organization (FAO), prevalence of foot-and-mouth disease (FMD) was high in Morocco, Saudi Arabia, Turkey, Northern, and Southern Africa. Ebola (Zoonotic disease) continued to be prevalent in West Africa. Moreover, rabies that leads to thousands of human deaths worldwide is prevalent in 150 countries, according to the WHO, with highest number of related deaths reported in Asia and Africa.

Key features of the study:

  • This report provides in-depth analysis of the veterinary vaccine market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2019-2027, considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles key players in the global veterinary vaccine  market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and strategies
  • Key players covered as a part of this study include Aratana Therapeutics, Inc., Regeneus Ltd., Morphogenesis, Inc., Karyopharm Therapeutics, Inc., Zoetis, Inc., Eli Lilly and Company, Merck & Co., Inc., and Boehringer Ingelheim GmbH.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, government initiatives, technological upgradation, market expansion, and marketing tactics
  • The global veterinary vaccine  market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for veterinary vaccine  market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Veterinary Vaccine Market, By Technology:
    • Inactivated Vaccines
    • Toxoid Vaccine
    • Live Attenuated Vaccines
    • Subunit and DNA Vaccines
  • Global Veterinary Vaccine Market, By Animal Type:
    • Companion
      • Equine
      • Canine
      • Feline
    • Livestock
      • Bovine
      • Ovine
      • Porcine
      • Poultry
      • Others
  • Global Veterinary Vaccine Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Technology:
        • Inactivated Vaccines
        • Toxoid Vaccine
        • Live Attenuated Vaccines
        • Subunit and DNA Vaccines
      • By Animal Type:
        • Companion
          • Equine
          • Canine
          • Feline
        • Livestock
          • Bovine
          • Ovine
          • Porcine
          • Poultry
          • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Technology:
        • Inactivated Vaccines
        • Toxoid Vaccine
        • Live Attenuated Vaccines
        • Subunit and DNA Vaccines
      • By Animal Type:
        • Companion
          • Equine
          • Canine
          • Feline
        • Livestock
          • Bovine
          • Ovine
          • Porcine
          • Poultry
          • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Technology:
        • Inactivated Vaccines
        • Toxoid Vaccine
        • Live Attenuated Vaccines
        • Subunit and DNA Vaccines
      • By Animal Type:
        • Companion
          • Equine
          • Canine
          • Feline
        • Livestock
          • Bovine
          • Ovine
          • Porcine
          • Poultry
          • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Technology:
        • Inactivated Vaccines
        • Toxoid Vaccine
        • Live Attenuated Vaccines
        • Subunit and DNA Vaccines
      • By Animal Type:
        • Companion
          • Equine
          • Canine
          • Feline
        • Livestock
          • Bovine
          • Ovine
          • Porcine
          • Poultry
          • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Technology:
        • Inactivated Vaccines
        • Toxoid Vaccine
        • Live Attenuated Vaccines
        • Subunit and DNA Vaccines
      • By Animal Type:
        • Companion
          • Equine
          • Canine
          • Feline
        • Livestock
          • Bovine
          • Ovine
          • Porcine
          • Poultry
          • Others
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Technology:
        • Inactivated Vaccines
        • Toxoid Vaccine
        • Live Attenuated Vaccines
        • Subunit and DNA Vaccines
      • By Animal Type:
        • Companion
          • Equine
          • Canine
          • Feline
        • Livestock
          • Bovine
          • Ovine
          • Porcine
          • Poultry
          • Others
  • Company Profiles
    • Aratana Therapeutics, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Regeneus Ltd.
    • Morphogenesis, Inc.
    • Karyopharm Therapeutics, Inc.
    • Zoetis, Inc.
    • Eli Lilly and Company
    • Merck & Co., Inc.
    • Boehringer Ingelheim GmbH

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Animal Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunity
    • Impact Analysis
    • Market Trends
    • Epidemiology
    • Initiatives for Prevention and Control of Pet Cancer
    • Regulatory Guidelines
    • Acquisitions
    • Key Developments
    • Nanotechnology in Veterinary Vaccinations
  4. Global Veterinary Vaccine Market, By Technology, 2019 – 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Inactivated Vaccines
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Toxoid Vaccine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Live Attenuated Vaccines
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Subunit and DNA Vaccines
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  5. Global Veterinary Vaccine Market,, By Animal Type, 2019 – 2027, (US$ Million)
    • Introduction
        • Market Share Analysis, 2019 and 2027 (%)
        • Y-o-Y Growth Analysis, 2017 – 2027
        • Segment Trends
        • Companion
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Equine
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Canine
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Feline
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Livestock
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Bovine
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Ovine
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Porcine
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Poultry
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
        • Others
          • Introduction    
          • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  6. Global Veterinary Vaccine Market,, By Region, 2019 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 – 2027
      • Regional Trends
    • North America
      • Market Size and Forecast, By Technology, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Animal Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Technology, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Animal Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Technology, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Animal Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Technology, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Animal Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast, By Technology, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Animal Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Technology, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Animal Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country/Region, 2019 – 2027, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Aratana Therapeutics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Regeneus Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Morphogenesis, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Karyopharm Therapeutics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Zoetis, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Eli Lilly and Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Merck & Co., Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Boehringer Ingelheim GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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