Animal Vaccines Market Size, Share Growth Report to 2032

by Kiran Singh Fact.MR

Global Animal Vaccines Market Outlook (2022-2032)

The global sales of animal vaccines is forecast to garner a market value of US$ 12 Bn in 2022 and is expected to register a positive CAGR of 9.2% by accumulating a market value of US$ 29 Bn through the assessment period 2022-2032

An increase in the outbreak of disease amongst cattle along with canine disorders is boosting the sales of animal vaccines. Moreover, investment in research and development by government of different countries is positively influencing the demand for animal vaccines.

Competitive Landscape

Prominent manufacturers of animal vaccines are capitalizing on increasing government support across countries to promote animal health. This support is translating into the introduction of robust vaccine formulations against a wide variety of pathogen. Moreover, players are emphasizing on mergers, acquisitions and collaborations to secure firm footing in this highly competitive environment. Some notable developments are as follows:

· In August 2020, Merck & Co., Inc. completed the acquisition of IdentiGEN. The company is focusing on studying DNA of animals for livestock. Through this acquisition, Merck intends to provide complete transparency to food processors, producers and retailers, regarding animal traceability solutions to ensure that good quality food is available to consumers

· In January 2022, Zoetis Inc. announced that the U.S Food and Drug Administration has approved SolensiaTM (frunevetmab injection) to control the pain of osteoarthritis in cats, helping improve their mobility, comfort and overall well-being. The injection works by directly targeting the Nerve Growth Factor (NGF), a key OA pain driver

· Attenuated Live Animal Vaccines

· Recombinant Animal Vaccines

· DNA Animal Vaccines

· Inactivated Animal Vaccines

· Subunit Animal Vaccines

· Livestock Animal Vaccines

· Companion Animal Vaccines

· Subcutaneous Administration of Animal Vaccines

· Intranasal Administration of Animal Vaccines

· Intramuscular Administration of Animal Vaccines

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Created on Mar 22nd 2022 02:33. Viewed 318 times.