Rising demand for pet insurance, increasing prevalence of animal diseases are driving the growth of global animal vaccines market.
PORTLAND, OREGON, USA, Jan. 5, 2022 /EINPresswire.com/ – The attenuated vaccine segment contributed to the largest share of the animal vaccines market, accounting for over a third of the total share in 2020, and is expected to continue its leading position during the forecast period. However, the DNA vaccine segment is expected to represent the highest CAGR of 8.2% from 2021 to 2028.
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The major players in the global animal vaccines market analyzed in the research include Merck & Co., Inc., Ceva SantÃ© Animale, Zoetis Inc., Romvac, Sanofi SA, Biovac, Vaxxinova, Boehringer Ingelheim GmbH, Merial and Anicon Labor GmbH.
ðð¨ð°ð§ð¥ð¨ðð ððð¦ð©ð¥ð ððð©ð¨ð«ð https://www.alliedmarketresearch.com/request-sample/1988
The livestock segment held the largest share in 2020, accounting for nearly two-thirds of the global animal vaccine market, and is expected to maintain its leading status throughout the forecast period. However, the companion animal segment is expected to experience the highest CAGR of 5.6% from 2021 to 2028.
â¢ Veterinary organizations around the world have recommended restricting animal care to critically ill animals and emergencies. In addition, containment in various countries has resulted in the postponement of annual health checks, various examinations and vaccination procedures.
â¢ Many key players have ensured that the supply of animal vaccines is maintained, as many government institutions around the world have taken strict measures to prevent the spread of zoonotic viruses.
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Rising demand for pet insurance, increasing prevalence of animal diseases, and increasing number of pet owners are driving the growth of the global animal vaccines market. However, the competitive prices of meat and milk as well as the negative impact of veterinary vaccines on human and animal health are hampering the growth of the market. On the other hand, soaring animal health spending and advances in vaccine products present new opportunities in the years to come.
Based on region, North America accounted for the highest market share in 2020, contributing over a third of the total share, and is expected to maintain its dominant share in terms of revenue by 2028. However, Asia-Pacific is expected to register the highest CAGR of 5.9% during the forecast period.
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ðð© ðð¨ 25%, 15ðð¡ ððð§ð®ðð«ð² 2022.
Medical Thawing Systems Market
Plasma Fractionation Market
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