According to the report, Europe Veterinary vaccines market is poised to reach USD2540.82 Million by 2020 from USD1993.64 Million in 2015, at a CAGR of 4.97% from 2015 to 2020.
Vaccination protects animals from specific infectious diseases and may be carried out either routinely or potentially in an emergency. Vaccination of animals used for food can also help protect consumers against zoonotic pathogens such as salmonella.
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Veterinary vaccine market in Europe is as old as the concept itself and newest products are significantly available throughout the market. The farmers and animal husbandry owners seem well versed with the idea of animal vaccination. But the real test lies in the stringent guidelines for animal vaccines testing as per EU regulations. This prevents or at least hardens the route for new players to enter the market. Also the market has undergone considerable progress during the past few years with the growing usage of continuous cell lines as a substrate and embracing of the fermenter technology for antigen production. These vaccines are produced for administration by parenteral or oral routes depending on the vaccine characteristics.
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Growing prevalence of animal diseases, rising incidences of zoonotic diseases in humans; increasing investments by leading players, various government agencies and animal associations; continuous innovations, increasing awareness against the use of antimicrobials is driving the vaccine producers to invest significantly into development of new products. However, rising maintenance costs for the storage of vaccines, increasing adoption of vegetarian diet in major economies owing to increasing risk of obesity and other chronic diseases are key restraints of this market.
Europe Veterinary Vaccines Market: Segmentation
- By Type
- Livestock vaccines
- Companion vaccines
- Live attenuated vaccines
- Inactivated vaccines
- Recombinant vaccines
- Toxoid vaccines
- Subunit vaccines
- DNA vaccines
- Conjugate vaccines
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Reasons to buy Europe Veterinary Vaccines Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Some of the key players influencing the market are Bayer HealthCare AG, Bioniche Animal Health Canada, Sanofi Animal Health, Inc., Biogenesis Bago SA, Heska Corporation, Indian Immunologicals Ltd., Boehringer Ingelheim GmbH, Zoetis, Novartis Animal Heath, Inc., Merck & Co. Inc, and Protein Sciences.
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