The increasing prevalence of African swine fever (ASF) among cattle is a key factor driving the global livestock vaccines market, says Fortune Business Insights in a report, titled “Livestock Vaccines Market Size, Share & Industry Analysis, By Animal Type (Cattle, Horses, Pigs,Others), By Vaccine Type (Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines), By Route of Administration (Oral, Intravenous), By Disease Indication (Clostridial Diseases, Reproductive and Infertility Disease, others) By Distribution Channel (Veterinary Hospital Pharmacies, Regional Distribution Centers) and Regional Forecast, 2019-2026.” The increasing government initiatives for the prevention of zoonotic disease is expected to contribute positively to the global livestock vaccines market.
The Major Companies Covered In The Global Livestock Vaccines Market Report Include:
- Merck & Co., Inc.
- Pfizer Inc.
- Novartis AG
- Boehringer Ingelheim
- Bayer AG
- Eli Lilly and Company
- Neogen Corporation
- ImmuCell Corporation
According to the report, the increasing clinical studies for the development of vaccines to cure different types of livestock disease by using new vaccine technologies such as marker vaccine, split –product, isolated protein or peptide and nucleic acid approaches is expected to aid livestock vaccines market growth during the forecast period. For instance, Elanco U.S., Inc., a subsidiary company of Eli Lilly and Company acquired the U.S. canine, feline and rabies animal vaccines portfolio of Boehringer Ingelheim Vetmedica, Inc., one of the major players in animal health.
The report includes detailed information on the prevailing trends in the livestock vaccines market. The report aims to offer greater insights into the livestock vaccines market to help companies understand the current market scenario and act consequently to enhance their businesses.
- By Animal Type
- By Vaccine Type
- Attenuated Vaccines
- Inactivated Vaccines
- Recombinant Vaccines
- DNA Vaccines
- By Route of Administration
- By Disease Indication
- Clostridial Diseases
- Reproductive and Infertility Disease
- Respiratory Disease
- Others (Swine Fever, etc.)
- By Distribution Channel
- Veterinary Hospital Pharmacies
- Regional Distribution Centers
- By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Rising Awareness Regarding Livestock Vaccines Will Stimulate Growth In North America
North America dominated the livestock vaccines market in 2018 followed by Europe. The livestock vaccines market is expected to expand in North America during the forecast year owing to rising awareness regarding the prevention of animal-to-human transmission of diseases, higher demand for meat, and investment in research and development in animal vaccines. Asia Pacific is likely to grow at a significant CAGR during the forecast period due to the rising prevalence of livestock diseases such as foot-and-mouth disease (FMD) and highly pathogenic avian influenza (HPAI). Additionally, the increasing incidence of zoonotic diseases, initiatives by government organizations and animal associations to provide access to livestock vaccines is expected to accelerate the growth of the livestock vaccines market in Asia Pacific. The livestock vaccines market in Middle East & Africa and Latin America is in the nascent stage; however, it is expected to grow at a moderate CAGR during the forecast period.
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