Global Animal Vaccines Market 2018-2022
About Animal Vaccines
Animal vaccines are biological preparations used to stimulate the immune system of animals to develop adaptive immunity to a pathogen. All animal vaccines undergo regulatory approval processes, the same as human vaccines, before they gain a product license for sale.
Technavio’s analysts forecast the Global Animal Vaccines Market to grow at a CAGR of 4.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the animal vaccines market. To calculate the market size, the report considers the revenue generated from the retail sales of animal vaccines across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Animal Vaccines Market 2018-2022
Technavio recognizes the following companies as the key players in the global animal vaccines market: Bayer, Eli Lilly (Elanco Animal Health), Merck, and Boehringer Ingelheim.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market are the different vaccine delivery routes based on the target species. The development of animal vaccines is not only influenced by the type of antigens but also by the route of administration.”
According to the report, one driver influencing this market is the increase in demand for livestock products. The increase in the consumption of livestock products such as meat, milk, and eggs are expected to drive the growth of the global animal vaccines market.
Further, the report states that one challenge affecting this market are the difficulties associated with animal vaccine storage and handling. Animal vaccines require a strictly maintained cold chain logistics and most developing countries require huge investments to maintain effective cold chain logistics and a proper vaccine management system.
Eli Lilly (Elanco Animal Health)
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