The latest report published by IMARC Group, titled “Animal Vaccine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on animal vaccine market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global animal vaccine market size reached US$ 12.38 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.88 Billion by 2028, exhibiting a growth rate (CAGR) of 8.04% during 2023-2028.
Animal vaccines are biologically prepared substances designed to stimulate an immune response in animals, providing them with protection against various infectious diseases. They help prevent the spread of diseases and reduce their impact on animal populations, livestock, and pets. These vaccines contain weakened or inactivated pathogens, antigens, or components of the disease-causing agents, which trigger the animal's immune system to produce antibodies without causing the disease itself. They play a crucial role in veterinary medicine and animal husbandry, safeguarding both individual animals and the larger animal populations. They are extensively used in livestock farming, poultry production, aquaculture, and pet care. Regular vaccination schedules are essential to maintain herd or flock immunity, prevent disease outbreaks, and ensure the overall health and well-being of animals.
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The global animal vaccine market is primarily driven by the increasing incidence of infectious diseases among animals, such as livestock and pets. Moreover, the rising demand for animal-derived products, including meat, milk, and eggs, has fueled the need for effective vaccination programs to ensure the health and productivity of livestock. Consumers are becoming conscious of food safety and quality, which augments the adoption of preventive measures, such as vaccinations in animal husbandry. Furthermore, stringent government regulations and initiatives aimed at controlling and eradicating infectious diseases in animals have contributed to the growth of the animal vaccine market. Moreover, advancements in biotechnology and the development of innovative vaccine technologies have played a vital role in expanding the market. Also, the growing awareness among pet owners about the importance of preventive healthcare for their companion animals is creating a positive market outlook.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Animal Vaccine Market Segmentation:
Our report has categorized the market based on region, product, animal type, route of administration.
Breakup by Product:
Breakup by Animal Type:
Breakup by Route of Administration:
Breakup by Region:
Key highlights of the report:
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