Asia-Pacific Veterinary vaccine Market expects a 5.12% CAGR

Asia-Pacific Veterinary vaccine market

Market Overview:

Over the forecast era, the Asia-Pacific veterinary vaccine market is expected to witness a 5.12% CAGR. The main factors driving this market’s development are the increasing incidence of animal diseases, initiatives from multiple government agencies, animal organizations, major players in the Asia-Pacific region, and the increasing incidence of zoonotic diseases. India has a cattle population of 158.7 million and one of the largest animal husbandry sectors in the world, along with the largest livestock population, with 520.6 million heads, according to the National Dairy Development Board 2017.

In addition, Zoetis and Merial also made an agreement in 2016 to market and transmit dairy cattle drugs and vaccines in India. Zoetis products are anticipated to be marketed and purchased by Merial, including brands like Bovical, Rispoval, Spirovac, and others. As a result, increasing cattle population in the region and increasing disease prevalence, as well as enhanced distribution reach, with vaccine institutes achieving smaller districts, are some of the factors that increase market growth.

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Report Scope:

Based on vaccine type, technology, and geography, the Asia-Pacific veterinary vaccine market has been segmented. However, the market is split into animal vaccines and accompanying animal vaccines by type of vaccine. The market is segregated by technology into live vaccines with attenuation, inactivated vaccines, toxoid vaccines, recombinant vaccines and other technologies.

Key Market Trends:

The live attenuated vaccine segment on the Asia-Pacific veterinary vaccine market is anticipated to have the largest market size, and a CAGR of nearly 5.12 percent is projected to occur during the forecast period. All vaccines licensed for oral or intranasal administration are attenuated and these must be stored and handled properly, with strict attention to temperature, even in the lyophilized free-dried state. After the reconstitution, the vaccine dose should be administered promptly within 1 hour or discarded. Some examples of these types of vaccines include canine distemper virus vaccines and all canine parvovirus and adenovirus-2 vaccines. As of 2018, these vaccines had the largest market share among others, and it is expected to record a CAGR of 5.12% during the forecast period.

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Competitive Landscape:

The Asia-Pacific veterinary vaccine market is comprised of several significant players. Some of the major players presently dominate the industry in terms of market share. Businesses such as Zoetis Inc., Merck & Co.Inc., Virbac, Eli Lily and Company and Boehringer Ingelheim International GmbH hold significant market share in the veterinary vaccine market in Asia-Pacific.

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