Animal Vaccines Market Overview
The animal vaccines market is expected to register a CAGR of about 9.1% during the forecast period. Livestock diseases are contributing to a set of problems within livestock production systems. These problems include productivity losses, uncertain food security, and loss of income, among others, which are adversely affecting human health. Livestock disease management can reduce disease through the vaccination of animals. Other factors, which drive the animal vaccines market growth are the rising incidence of zoonotic diseases and initiatives taken by government agencies, animal associations, and leading players.
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Impact of COVID-19 on the Animal Vaccines Market
The animal vaccines market has been impacted majorly by the COVID-19 pandemic. According to the American Veterinary Medical Association, one cat in Belgium tested positive and recovered after nine days. Numerous animal husbandry companies have been affected due to the outbreak, especially in many of the major outbreak zones, including China, the United States, Italy, Spain, France, Germany, and other European countries, which, in turn, has impacted the animal vaccines market, like all research and also breeding programs have been put on hold. Supply disruption and medicine shortages of veterinary medicines have been observed in several countries, primarily due to the temporary lockdowns of manufacturing sites, export bans, and increased demand for medicine, for the treatment of COVID-19.
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Animal Vaccines Market – Geographical Overview
North America holds the largest market share in the animal vaccines market
North America dominates the market and animal vaccines in the United States are regulated by the Center for Veterinary Biologics (CVB) in the Animal and Plant Health Inspection Service (APHIS). In the United States, advancements in vaccine development include the development of live vector vaccines, non-replicating recombinant antigen vaccines, nucleic acid-mediated vaccines, and live-gene-deleted vaccines. The rising awareness about the prevention of diseases and technological advancements are expected to propel the demand for veterinary vaccines in the region.
Key Highlights of the Animal Vaccines Market
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List of Key Players in the Animal Vaccines Market
*List Not Exhaustive
Mordor Intelligence has segmented the global animal vaccines market on the basis of Vaccine Type, Technology, and Geography:
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