According to FMI researchers, the global companion animal vaccines market is expected to grow at a 6.8% CAGR from 2023 to 2033. By 2033, the market is expected to exceed US$ 6.7 billion. The market is expected to be worth $3.4 billion in 2023.
Some chronic scourges in developed countries have been eradicated by routine vaccine programmes for companion animals. The increased emphasis on vaccination campaigns and increased awareness of pet care are driving up demand for companion animal vaccines. Protozoan parasitic vaccines are in high demand in the veterinary healthcare industry, particularly in tropical and subtropical countries.
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Crucial information and forecast statistics covered in the Companion Animal Vaccines market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Companion Animal Vaccines Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Companion Animal Vaccines market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Companion Animal Vaccines market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Companion Animal Vaccines market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Companion Animal Vaccines Market: Segmentation
Valuable information covered in the FMI’s Companion Animal Vaccines market report has been segregated into key segments and sub-segments.
By Product Type:
- Attenuated Live Vaccines
- Conjugate Vaccines
- Inactivated Vaccines
- Subunit Vaccines
- Toxoid Vaccines
- DNA Vaccines
- Recombinant Vaccines
By Distribution Channel:
- Veterinary Clinics
- Veterinary Hospitals
- Veterinary Research Institutes
- Retail Pharmacies
By Species Types:
- Canine
- Avian
- Feline
Companion Animal Vaccines Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Companion Animal Vaccines market. Competitive information detailed in the Companion Animal Vaccines market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Companion Animal Vaccines market report.
Key players covered in the report include:
- Bayer Healthcare
- Boehringer Ingelheim
- Ceva Santé Animale
- Others
Important Questions Answered in the Companion Animal Vaccines Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Companion Animal Vaccines market been expanding during the forecast period?
- How will the global Companion Animal Vaccines market look like by the end of the forecast period?
- What innovative strategies are adopted by Companion Animal Vaccines market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Companion Animal Vaccines market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Companion Animal Vaccines market
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