Pune, India -- (SBWIRE) -- 04/24/2019 -- The report on Veterinary/Animal Vaccines Market by type (aquaculture, companion animal, porcine, poultry, livestock vaccines), disease (aquaculture, companion animals, livestock, poultry, porcine),technology (recombinant, toxoid, live attenuated, inactivated vaccines) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the global veterinary/animal vaccines market is projected to grow at a CAGR 5.4% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market. The global veterinary/animal vaccines market was worth USD 6422.2 million in 2016 and it is projected to reach USD 9276.6 million in 2023.

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Veterinary/Animal Vaccines Market: Insight

The global veterinary vaccines market is expected to be driven by factors such as the growing prevalence of livestock diseases coupled with growing livestock population, increasing adoption of companion animals, government initiatives to promote animal health and increase animal productivity and innovation & introduction of new vaccines.

On the other side stringent regulations and high storage costs of vaccines are likely to be the primary restraining factors affecting the growth in the market over the next few years. Moreover, growing awareness about use of vaccines to improve animal health among farmers in emerging markets and technological advancements in the manufacturing of animal vaccines are anticipated provide opportunities for the players in vaccine market. North America is the largest revenue generating region and it is mainly driven by large scale production and consumption of veterinary/animal vaccines materials in the U.S. Asia-Pacific is expected to growth at the highest CAGR of X.X% over the forecast period.

Veterinary/Animal Vaccines Market: Segments Covered

The report on global veterinary/animal vaccines market covers segments such as type, disease, and technology. The type segments include aquaculture vaccines, companion animal vaccines, porcine vaccines, poultry vaccines, livestock vaccines, and other animal vaccines. On the basis of disease, the global veterinary/animal vaccines market is categorized into aquaculture, companion animals, livestock, poultry, and porcine. Furthermore, on the basis of technology the veterinary/animal vaccines market is segmented as, recombinant vaccines, toxoid vaccines, live attenuated vaccines, and inactivated vaccines.

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Veterinary/Animal Vaccines Market: Regional Analysis

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography is provided over the period of 2015 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023.