In 2029, the Veterinary Vaccines market is spectated to surpass ~US$ xx Mn/Bn with a CAGR of xx% over the forecast period. The Veterinary Vaccines market clicked a value of ~US$ xx Mn/Bn in 2018. Region is expected to account for a significant market share, where the Veterinary Vaccines market size is projected to inflate with a CAGR of xx% during the forecast period.
In the Veterinary Vaccines market research study, 2018 is considered as the base year, and 2019-2029 is considered as the forecast period to predict the market size. Important regions emphasized in the report include region 1 (country 1, country2), region 2 (country 1, country2), and region 3 (country 1, country2).
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Global Veterinary Vaccines market report on the basis of market players
The report examines each Veterinary Vaccines market player according to its market share, production footprint, and growth rate. SWOT analysis of the players (strengths, weaknesses, opportunities and threats) has been covered in this report. Further, the Veterinary Vaccines market study depicts the recent launches, agreements, R&D projects, and business strategies of the market players including
the demand for attenuated live vaccines
Rising incidence of food borne and zoonotic diseases in MEA countries is fuelling the demand in the attenuated live vaccines segment in the region. As the pattern of veterinary treatment is shifting from curative/reactive to preventive, the cost of a preventive treatment is much smaller and has far less side effects than reactive treatments that often lead to mass slaughter. This is the precise reason behind driving the growth of the attenuated live vaccines segment in the MEA region. Rebound of economic prosperity in MEA markets is expected to contribute towards increased demand for processed healthy meat products. This demands effective vaccination of livestock, especially in major animal farming and meat producing nations with a diversified herd in the region such as Sudan, Turkey, Egypt and KSA. Rising per capita disposable income levels are largely contributing to the rise in demand for processed food items. This is expected to drive the growth in demand for attenuated live vaccines in the poultry and livestock segments.
There are international guidelines on the usage of livestock identification and traceability systems (LITS) for better herd management, identifying zoonosis and managing animal health and incorporating food safety. However, most countries in the MEA region fail to implement proper LITS thereby affecting effective animal disease management. This is expected to fuel the demand for protective maintenance of animal health through early attenuated live vaccinations in order to avoid the spread of infectious diseases. The countries within the MEA region and Central Europe are increasingly dependent on live stock trading as a means of survival. Furthermore, in order to address chronic food insecurity in rural areas, animals are transferred from one place to another. This is fuelling demand for adequate vaccinations as an infection affecting one of the herds could easily spread to another and lead to mass losses. This factor is creating a positive impact on attenuated live vaccinations in the region.
Attenuated live vaccines are expected to witness increased demand throughout the forecast period in Jordan
The attenuated live vaccines segment is expected to witness a significant CAGR given greater adoption in commercial farms in the UAE veterinary vaccines market. Lower dosages and repetition are factors that are expected to contribute towards greater demand for attenuated live vaccines among all animal segments in Turkey. In Jordan, attenuated live vaccines are expected to witness increased demand throughout the forecast period. Lack of organised animal rearing and tracking practices hinder estimation of demand for attenuated live vaccines in Sudan.
Scenario of Local Manufacturing and Veterinary Vaccine Registration
“The MEA region accounts for a vast livestock population; however, it is largely dependent on imports for the supply of adequate veterinary vaccines. Only six countries have the facility to produce vaccines locally. These include Egypt, Jordan, Saudi Arabia, Sudan, Syria and Turkey. Local produce acceptance is higher as regulatory authorities have relatively fewer requirements for local vaccines than imported ones. The time duration for imported vaccines to obtain the required registration is also longer. Only four countries follow the international norms of OIE although the OIE has not yet established official international standards in this respect.”
— Analyst – Healthcare, Pharmaceuticals and Medical Devices, Future Market Insights
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The Veterinary Vaccines market report answers the following queries:
- Why the demand for segment increasing in region?
- At what rate the Veterinary Vaccines market is growing?
- What factors drive the growth of the global Veterinary Vaccines market?
- Which market players currently dominate the global Veterinary Vaccines market?
- What is the consumption trend of the Veterinary Vaccines in region?
The Veterinary Vaccines market report provides the below-mentioned information:
- Breakdown data at the regional level as well as revenue and growth of the Veterinary Vaccines in these regions.
- Distribution channels, and consumption patterns, of the global Veterinary Vaccines market.
- Scrutinized data of the Veterinary Vaccines on the basis of country, including market share and revenue of the important countries.
- Critical analysis of every Veterinary Vaccines market player, such as, collaborations, acquisitions, and product launches.
- Trends influencing the Veterinary Vaccines market growth, including ecological preservation, regulatory norms and R&D developments.
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Research Methodology of Veterinary Vaccines Market Report
The global Veterinary Vaccines market study covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). Both top-down and bottom-up approaches have been used to calculate and authenticate the market size of the Veterinary Vaccines market, and predict the scenario of various sub-markets in the overall market. Primary and secondary research has been thoroughly performed to analyze the prominent players and their market share in the Veterinary Vaccines market. Further, all the numbers, segmentation, and shares have been gathered using authentic primary and secondary sources.