Veterinary Vaccine Market Scope
Vaccines employed for the prevention of several diseases that affect animals can be grouped under veterinary vaccines. These vaccines are an important arrow in the quiver of the veterinarian and are arguably one of the most powerful tools in keeping animals healthy and well. They also have an impact on human health by ensuring safe food supplies and preventing animal-to-human transmission of infectious diseases. Also, these vaccines be an efficient tool in reducing the need to use antibiotics in animals, thereby contributing to the fight against antimicrobial resistance. Recent advances in technologies and improved understanding of pathogenicity, immunology, and epidemiology have opened new opportunities for preventing infectious diseases at an unprecedented level.
According to AMA, the Global Veterinary Vaccine market is expected to see growth rate of 6.02% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Veterinary Vaccine market throughout the predicted period.
Zoetis Animal Healthcare (United States), Merck & Co. (United States), Virbac SA (France), Hester Biosciences Ltd (India), Elanco (United States), Boehringer Ingelheim Animal Health GmbH (Germany), Ceva Sante Animale (France), Phibro Animal Health Corp. (United States), HIPRA (Spain) and MVP Laboratories Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are QianYuanHao Biological Corporation Limited (China), IZO S.r.l. (Italy), Intervet International BV (Netherlands) and Indian Immunologicals Limited (India).
Segmentation Overview
The study have segmented the market of Global Veterinary Vaccine market by Type (Livestock Vaccines {Bovine Vaccines, Poultry Vaccines, Porcine Vaccines, Others} and Companion Animal Vaccines {Canine Vaccines, Feline Vaccines, Equine Vaccines}) and Region with country level break-up.
On the basis of geography, the market of Veterinary Vaccine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Increasing Incidence of Livestock Diseases, Increasing Incidence of Zoonotic Diseases and Initiatives by Government Agencies and Animal Associations
Challenges:
Infectious & Bacterial Diseases Remain a Major Challenge
Restraints:
High Storage Costs for Vaccines and Shortage of Veterinarians and Skilled Farm Workers
Opportunities:
Recent Advancements in Technologies and Improved Understanding of Pathogenicity, Immunology and Epidemiology Have Opened New Opportunities
Market Leaders and their Expansionary Development Strategies
On 17 May 2019, Ceva Santé Animale (“Ceva”) and IDT Biologika GmbH have reached a provisional agreement for Ceva to acquire IDT’s veterinary biopharmaceutical portfolio and R&D activities, allowing IDT to focus on the manufacture of human biotechnology vaccines and pharmaceuticals for national and international markets. and On 26 April 2019, Elanco Animal Health has announced it has signed an agreement to acquire Aratana Therapeutics, a pet therapeutics company focused on developing and commercializing innovative therapeutics for dogs and cats, and developer of the first-of-its-kind canine NSAID for osteoarthritis, Galliprant. Elanco has also signed a development and commercialization agreement with VetDC for Tanovea-CA1, the first U.S. Food and Drug Administration (FDA) conditionally approved canine lymphoma treatment.
On 24 Jan. 2019, Boehringer Ingelheim, the world’s leading animal health company, announced that swine vaccine Ingelvac®PRRS MLV, produced by its veterinary vaccine manufacturing plant in the China Medical City in Taizhou, Jiangsu Province, is now officially supplied to the China market. Shifting imported vaccines to locally-produced vaccines will help significantly shorten the interval between the plant and animal farms. and On 12 Oct. 2018 – Boehringer Ingelheim has inaugurated its new global center for biological research and development at its Lyon Porte-des-Alpes (LPA) location in Saint-Priest France. With this 70 million euro investment, the German group signals its intention to reinforce its leading position in the veterinary vaccine market by bringing its R&D and biological production activities into the same center of excellence.
APHIS regulates veterinary biologics (vaccines, bacterins, antisera, diagnostic kits, and other products of biological origin) to ensure that the veterinary biologics available for the diagnosis, prevention, and treatment of animal diseases are pure, safe, potent, and effective. This work is done by APHIS Center for Veterinary Biologics (CVB) and is centered around enforcement of the Virus Serum Toxin Act.
Key Target Audience
Veterinary Vaccine Manufacturers, Veterinary Vaccine Raw Material Suppliers, Veterinary Vaccine Traders/Distributors, Veterinary Vaccine Importer/Exporter, Technology Investors, Government Research Institutes and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.