(PharmaNewsWire.Com, March 17, 2017 ) According to the report North America Veterinary Vaccines Market, published by Market Data Forecast, the North America market projected to reach USD 1707.26 Million by 2021, at a CAGR of 4.93% from 2016 to 2021.
The major goals of veterinary vaccines are to increase production of livestock in a cost-effective manner, improve the health companion animals, and prevent zoonotic disease transmission from both domestic and wild animals. Veterinary vaccine market has shown significant growth in recent years which can be attributed to better management of farms and increasing husbandry practices. This makes the estimation of further growth in the market due to advancement in biotechnological research.
The North America veterinary vaccines market has undergone considerable progress during the past few years with the increasing usage of continuous cell lines as a substrate and embracing of the fermenter technology for antigen production. These vaccines are produced for administration by oral or parenteral routes depending on the vaccine characteristics. But it should be kept in mind that USDA APHIS regulations must be stringently followed for distribution and approval of veterinary biologics across USA which is the major economy in this region.
Growing prevalence of animal diseases, 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, rising incidences of zoonotic diseases in humans; increasing investments by leading players. However, rising maintenance costs for the storage of vaccines, increasing adoption of vegetarian diet in major economies owing to increasing risk of obesity and chronic diseases are key constraints of this market.
The North America Veterinary Vaccines Market is segmented as following:
Based on Type: Livestock vaccines o Bovine o Porcine o Ovine o Poultry o Equine
Companion vaccines o Canine o feline
Based on Technology: Live attenuated vaccines Inactivated vaccines Recombinant vaccines Toxoid vaccines Subunit vaccines DNA vaccines Conjugate vaccines
The key players in North America Veterinary Vaccines Market are Bayer HealthCare AG, Heska Corporation, Boehringer Ingelheim GmbH, Bioniche Animal Health Canada, Sanofi Animal Health, Inc., Novartis Animal Heath, Inc., Zoetis, Biogenesis Bago SA, Indian Immunologicals Ltd., Merck & Co. Inc, and Protein Sciences.
The North America Veterinary Vaccines Market study offers the following deliverables:
North America, 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 North America 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 Porters 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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