Companion Animal Vaccines Market: Industry Status, Sales Outlook, Supply-Demand Analysis 2019-2028
Companion animal vaccines are used to stimulate an immune response in pets such as dogs, birds and cats, etc. In addition, bite wounds caused by dogs and cats develop many infections in humans. Other diseases such as neoplasia, distemper, parvovirus, leukemia, panleukopenia, and viral rhinotracheitis are sourced from various pet animals. For safety of pets as well as pet owners to protect against such diseases, vaccination has become necessary.
Factors driving growth of the global companion animal vaccines market include increasing prevalence of various animal diseases, concerns regarding animal diseases getting transmitted to humans, technological and biotechnological advancements regarding diagnostics and therapeutics with efficient drugs. In addition, rising trend of keeping pet animals, coupled with growing veterinary care awareness among population is anticipated to accelerate the global companion animal vaccines market growth.
In the recent past, companion animals have become a significant part of urban population. Strengthening of bond between animals and humans have led to demand for veterinary care products. In addition, pharmaceuticals and vaccines have been contributing significantly to companion animals’ health and wellbeing.
Rising cost for storage of companion animal vaccines, lengthy and expensive developing process, and inadequate reporting systems are factors hindering growth of the global companion animal vaccines market.
The global companion animal vaccines market has been segmented on the basis of product type, specie type, and region.
North America market, dominates the global companion animal vaccines market by holding major share. This is due to rising adoption of companion pets by all aged people for eliminating psychological stress, growing trend of using pets as a status symbol, and increasing expenditure on veterinary care. Asia Pacific market is expected to witness high growth rate as governments of countries in this region are promoting pet ownership programs to educate the owners about the welfare issues of pets.
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Key players profiles in companion animal vaccines market includes Pfizer, Bioniche Animal Health (Canada), Merck Animal Health (U.S), Novartis Animal Health Inc., Sanofi-Aventis, Bayer Healthcare, Zoetis (U.S), Heska Corporation, Virbac, Ceva Animal Health, Inc., Merial Inc. (Sanofi), Boehringer Ingelheim (Germany), Elanco.
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