Veterinary Vaccines: A Global Strategic Business Report
San Jose, CA (Vocus) September 23, 2010
Worldwide demand for veterinary vaccines waned in 2008 and 2009, as a result of the global meltdown. The market, nevertheless, recovered in 2010 and is expected to post substantial growth in ensuing years. Growing demand for the vaccines from Asia, Latin America and Eastern European countries and increased vulnerability of animals to the diseases is steering the demand for veterinary vaccines. Rapidly changing patterns of the diseases among the animals and increased development of resistance to the currently used antimicorbials is compelling the manufacturers to invest heavily in new product developments. Adoption of novel animal husbandry techniques and different farming conditions are attributed as the major factors for emergence of newer diseases.
Europe represents the largest market for veterinary vaccines worldwide, as stated by the new market research report on Veterinary Vaccines. The European market is mainly driven by the growing demand for livestock. The United States trails Europe in terms of sales of veterinary vaccines. Mounting safety concerns, higher market maturity and fewer prospects for mass production and development of new products are the major factors responsible for slow pace of demand for veterinary vaccines in the US.
Livestock Vaccines represents the largest product group in the global veterinary vaccines market. Among the livestock vaccines, porcine vaccines constitute the largest product segment. Growth-wise, canine vaccines market is projected to be the fastest growing product segment, with a CAGR of more than 5.0% over the analysis period. On the other hand, market share of companion animal vaccines, the other product group in the veterinary vaccines market, is portended to plummet by 2012.
Small animal practitioners are facing adverse impact of recession. The recent global economic meltdown has taken a severe toll on a number of small animal practitioners. As a measure to cut down the expenses on their companion animals, pet owners are increasingly deferring the diagnostics, medical treatments and procedures suggested for their companion animals. This is largely affecting the revenues of small veterinarians. In order to offset the losses, veterinarians are eyeing on other alternatives such as pet foods, pharmaceutical supplies and specialty items. In the poultry vaccines sector, improved techniques of manufacturing are expected to be a major trend in the coming years.
Major players profiled in the report include AVANT Immunotherapeutics Inc., Bayer HealthCare AG, Fort Dodge Animal Health, Heska Corporation, Imugene Limited, Lohmann Animal Health, Merck & Co., Merial Animal Health Ltd., Pfizer, Inc. Protein Sciences Corporation, Intervet Inc., and Virbac Corporation.
The report titled “Veterinary Vaccines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the veterinary vaccines market, impact of recession on the markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Veterinary Vaccines market for the following geographic markets - US, Europe and Rest of World. Key segments and sub-segments analyzed include Companion Animal Vaccines (Canine Vaccines and Feline Vaccines) and LiveStock Animal Vaccines (Porcine Vaccines, Bovine Vaccines, Poultry Vaccines, Ovine Vaccines, Equine Vaccines and Other Animal Vaccines). Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Veterinary_Vaccines_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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