The animal vaccine is defined as an animal healthcare product, used to immunize domestic livestock, poultry and wild animal. It is a component of a larger field of medicine called veterinary biologics (VB). Animal vaccines are essential to enhance the welfare of the animal and reduce the monetary loss of the pet owners. Animal vaccine products help in prevention of animal diseases, increase food productivity, and avoid transmission of zoonotic and foodborne infections to humans. It aims to develop immunity in animals by stimulating the immune system with the help of either natural immunogenic components or non-pathogenic organisms. Thus, the vaccines help protect animal health by immunizing against any particular disease such as contagious, and infectious disease.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
- AniCon Labor Gmbh
- Boehringer Ingelheim International GmbH
- Cargill Animal Nutrition
- Ceva Sante Animale
- Hygieia Biological Laboratories
- Intas Pharmaceutical Ltd.
- Merck KGAA
- Romvac Company S.A
- Vaxxinova Gmbh
- Virbac S.A
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/15194
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
- By type, the attenuated vaccines segment was the highest contributor to the market in 2020.
- On the basis of animal type, the companion animals segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
- Depending on valence, the multivalent segment was the highest contributor to the market in 2020.
- Country wise, India garnered the largest revenue share in 2020, and is anticipated to grow at the highest CAGR during the forecast period.
The COVID-19 outbreak is anticipated to have a negative impact on the growth of the India, Bangladesh, Sri Lanka, Nepal animal vaccine market. The pandemic has greatly affected veterinary revenue of hospitals and clinics, owing to decline in number of visits amid nationwide lockdowns along with changing animal healthcare approach for providing care to emergency cases and critically ill animals. A huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for the patient diagnosed with COVID-19. Various veterinary organizations have recommended limiting patient care for acutely ill animals and emergencies, rescheduling annual exams, and elective procedures such as vaccinations. Therefore, this factor is estimated to drag the animal vaccines market growth rate over next couple of months. In addition, the pandemic has lowered the purchasing power of farm and pet owners. Moreover, several manufacturers are facing drawbacks as the market growth rate decreased from the onset of pandemic and are currently facing interruptions in supply chain activities.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/15194
The India, Bangladesh, Sri Lanka, Nepal Animal Vaccine market is segmented on the basis of type, animal type, valence, and country. On the basis of type, the market is divided into attenuated vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, recombinant vaccines, and DNA Vaccines. The attenuated vaccines segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to advancement in R&D activities in animal healthcare sector, and increase in prevalence of infectious disease in animal.
Depending on animal type, the market is classified into companion vaccine, and poultry. The poultry segment exhibited the highest growth in 2020, and this trend is expected to continue during the forecast period, owing to increase in incidence of poultry population, surge in need for milk, meat and egg, and increase in demand for animal healthcare. By valence, the market is classified into monovalent, and multivalent. The multivalent segment acquired the top position in the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in demand for polyvalent vaccine, and rise in prevalence of disease in animal.
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