Hyderabad, India -- (SBWIRE) -- 02/12/2018 -- The Global Veterinary Vaccines market is poised to reach $9.10 Billion by 2022 from an estimated $6.51 Billion in 2016, at a CAGR of 5.75% from 2015 to 2020.The key factors for increasing the growth of the global veterinary vaccines market are technological innovations, growing awareness about animal health, government bodies and public enterprises are increasing the investments, steady rise in demand for the animal protein such milk, meat, egg, and fish. However, for storage of vaccines pose a major threat to the market owing to high maintenance cost.

Browse through 177 Pages and in-depth TOC on " Veterinary Vaccines Market by Type (Livestock Vaccines and Companion Vaccines), by Technology (live attenuated vaccines, inactivated vaccines, recombinant vaccines, toxoid vaccines, subunit vaccines, DNA vaccines and conjugate vaccines), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)".

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The veterinary vaccines market has been categorized into livestock and companion vaccines. The companion animal vaccines segment has been further subdivided into feline and canine vaccine whereas the livestock vaccines segment is segregated into five categories namely, poultry porcine, ovine, and equine, bovine. Based on the production technologies the veterinary vaccines market is segmented into recombinant vaccines, subunit vaccines, DNA vaccines, inactivated vaccines, toxoid vaccines, and conjugate vaccines, live attenuated vaccines. Among all the vaccine segments the canine vaccines segment holds the largest share when compared to feline vaccines segment, due to a higher average cost associated with the canine vaccination. Similarly, the bovine vaccines sub-segment holds for the largest share followed
by porcine.

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According to market data forecast geographical analysis on veterinary vaccines, the global market is classified into North America, Europe, Asia Pacific, Latin America and Middle-East & Africa. According to the consumption, among all countries, Europe is leading the veterinary vaccines market which was followed by the US. According to the veterinary vaccine market revenue, Europe and US together hold more than 70% of the total revenue.

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Some of the prominent companies in the Global veterinary vaccines market include Virbac (France) Merck Animal Health (US) Ceva (France), Phibro Animal Health (US), Boehringer Ingelheim (Germany), Zoetis (US), and Elanco (US). Other significant players working in this market include Hester (India), Tianjin Ringpu (China), Jinyu Biotechnology (China), Hipra (Spain), IDT Biologika (Germany), Vetoquinol (France), Biogenesis Bago (Argentina), and China Animal Husbandry (China).

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