(Health-NewsWire.Net, August 28, 2018 ) The North America animal vaccines market is poised to reach USD 2.55 Billion by 2023 from USD 2.01 Billion in 2018, at a CAGR of 4.93% from 2018 to 2023.Veterinary vaccines are used to improve the health in animals, prevent transmission of zoonotic diseases from domestic and wild animals and increase the production of livestock in a cost-effective manner. The recent growth of veterinary vaccines market can be attributed to better management of farms and rising husbandry practices. Hence it is expected that the market will be propelled forward by progress in biotechnological research.
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North America Veterinary Vaccines Market: Drivers & Restraints
North America Veterinary Vaccines market is driven by factors like rising investment by leading players and governments, continuous innovations, increasing diseases in animals, increasing incidence of zoonotic diseases in humans and rising awareness against the use of antimicrobials. However, this market is constrained by factors like rising adoption of vegetarian diets due to increased incidence of obesity and chronic diseases and rising cost of maintenance for the storage of vaccines.
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North America Veterinary Vaccines Market: Segmentation
By Type
Livestock vaccines Bovine Porcine Ovine Poultry Equine Companion vaccines Canine Feline
By Technology
Live attenuated vaccines Inactivated vaccines Recombinant vaccines Toxoid vaccines Subunit vaccines DNA vaccines Conjugate vaccines North America Veterinary Vaccines Market: Overview
In the North America Veterinary Vaccines market, the canine vaccines sub-segment has a slightly higher market share than the feline sub-segment owing to slightly higher cost on average for canine vaccines compared to feline vaccines. In this market, the bovine vaccines sub-segment accounted for the largest market share in terms of revenue, which is followed by porcine sub-segment.
North America Veterinary Vaccines Market: Region-wise Outlook
The North America Veterinary Vaccines market is geographically segmented into United States, Mexico and Canada. United States has the largest market share in this region and is also the fastest growing.
Key Questions Answered
What is the current and future Veterinary Vaccines market outlook in North America? What trends are affecting the North American market? What is the competitive landscape and market share of major players in the Veterinary Vaccines space in North America? What are the key, high growth markets that Veterinary Vaccines manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Veterinary Vaccines currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Veterinary Vaccines? What are the challenges and barriers that have hindered widespread adoption of Veterinary Vaccines? North America Veterinary Vaccines Market: Key Players
Some of the key players influencing the market are Bayer HealthCare AG, Bioniche Animal Health Canada, Sanofi Animal Health, Inc., Biogenesis Bago SA, Heska Corporation, Indian Immunologicals Ltd., Boehringer Ingelheim GmbH, Zoetis, Novartis Animal Heath, Inc., Merck & Co. Inc, and Protein Sciences.
Reasons to buy North America Veterinary Vaccines Market Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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