Veterinary Vaccination Market was valued at USD 6.78 Billion in 2022 and is projected to reach USD 11.24 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The veterinary vaccination market experienced notable growth from 2018 to 2022, driven by increasing awareness of animal health and the rising demand for preventive healthcare. Veterinary vaccinations play a crucial role in protecting livestock, pets, and other animals from various infectious diseases. This period saw innovations in vaccine technology, expanded product portfolios, and a growing focus on veterinary care across emerging markets. In 2021, the global veterinary vaccination market was valued at approximately $8.5 billion, and its consistent growth indicated strong demand and the vital role vaccines play in animal health.
As we transition into the period from 2023 to 2033, the market is expected to undergo significant changes due to various factors. One of the key drivers is the increasing pet ownership, particularly in developed countries, which is fueling the demand for animal vaccines. According to industry forecasts, the veterinary vaccination market could reach $15 billion by 2033, growing at a CAGR of around 6%. This growth will be powered by advancements in vaccine technology, particularly in the development of more effective, longer-lasting vaccines and vaccines for diseases that were previously harder to manage.
In addition to the continued importance of companion animals, livestock vaccines are anticipated to see a rise in demand. The growing global focus on food security and sustainable farming practices will drive investments in livestock health, boosting demand for veterinary vaccines to control diseases like Foot-and-Mouth Disease (FMD), Bovine Tuberculosis (TB), and various avian diseases. Emerging economies are also expected to increase their expenditure on animal health, particularly in Asia-Pacific and Latin America, where pet ownership and industrial farming practices are rapidly expanding.
Over the next decade, the trend towards personalized veterinary care is also expected to influence the veterinary vaccination market. Innovations like DNA vaccines and mRNA vaccines, which have gained traction in human medicine, will likely spill over into veterinary applications. Furthermore, digital health technologies, including tracking and monitoring systems for animal vaccinations, will become increasingly important in managing vaccination schedules and improving efficiency in veterinary practices.
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Merck
Zoetis
Boehringer Ingelheim
Ceva
CAHIC
HVRI
Ringpu Biology
Yebio
DHN
WINSUN
Elanco
Virbac
Jinyu Bio-Technology
ChengDu Tecbond
CAVAC
Kyoto Biken Laboratories
FATRO
Vaksindo
Bio-Labs
Avimex Animal Health
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Veterinary Vaccination Market
Livestock
Swine
Chicken
Dog & Cat
Other
Based on Types the Market is categorized into Below types that held the largest Veterinary Vaccination market share In 2023.
Live Attenuated Vaccines
Inactivated Vaccines
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Veterinary Vaccination Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Veterinary Vaccination Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Veterinary Vaccination Market, By Type
6. Global Veterinary Vaccination Market, By Application
7. Global Veterinary Vaccination Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Veterinary Vaccination Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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