According to Stratistics MRC, the Global Veterinary Vaccines market is accounted for $5.4 billion in 2015.
Gaithersburg, May 19, 2017: According to Stratistics MRC, the Global Veterinary Vaccines market is accounted for $5.4 billion in 2015 and is expected to reach $9.1 billion by 2022 growing at a CAGR of 7.7% from 2015 to 2022. Factors such as increasing foodborne and zoonotic diseases, global consumption of meat and milk products, increasing animal bites, increasing husbandry practices and improved veterinary vaccines delivery systems will propel market growth. Intense competition from cheaper generic substitutes, increasing adoption of vegetarian diet and strict regulations for product approval will hinder market growth.
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The DNA vaccine amongst product segment is anticipated to show high growth rate during forecast period, due to innovations in vaccination technology. Foot & mouth disease accounted for the highest market share in disease type. A veterinary clinic in distribution channel segment is expected to witness significant growth during the forecast period. Europe is the leading market for Veterinary Vaccines followed by North America. Asia Pacific region is expected to grow at fastest rate.
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Some of the key players in global Veterinary Vaccines market are Bayer Healthcare, Biogenesis Bago, Boehringer Ingelheim ,Ceva Animal Health, Diamond Animal Healthcare (Heska), Elanco Animal Health (Eli Lilly), Heska Corporation, Indian Immunological Ltd., Merck Animal Health, Merial Inc. (Sanofi), Vetoquinol, Virbac Ltd. and Zoetis.
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