The global animal vaccines market is driven by the increasing prevalence of zoonotic diseases, rising adoption of pets, and increasing demand for animal-derived food products. The market is also driven by the growing awareness of animal health and welfare, government initiatives for vaccination programs, and increasing investments in R&D by animal vaccine manufacturers. The market is segmented by product type, animal type, and distribution channel. The animal vaccines market faces challenges such as high costs associated with vaccine development, stringent regulatory requirements, and limited accessibility of vaccines in low-income countries. However, the market is expected to grow due to increasing demand for novel and innovative animal vaccines, advancements in biotechnology, and increasing partnerships and collaborations between pharmaceutical companies and government organizations.
The Global Animal Vaccines Market is estimated to be valued at US$ 7,119.7 Mn in 2021, and is expected to exhibit a CAGR of 6.6% over the forecast period (2021-2028).
Leading Companies in the Animal Vaccines Industry:
1. Merck & Co., Inc.
Merck & Co., Inc., commonly known as Merck, is a global pharmaceutical company founded in 1891 and headquartered in Kenilworth, New Jersey. The company operates in over 140 countries worldwide, including the United States, Canada, and the United Kingdom. In November, 2021 Merck & Co. Inc. announced that the US Food and Drug Administration (FDA) had granted the company's investigational HIV-1 capsid inhibitor, MK-8718, Breakthrough Therapy designation for the treatment of people living with HIV-1 who have highly resistant strains of the virus.
2. Boehringer Ingelheim International GmbH
Boehringer Ingelheim International GmbH is a German multinational pharmaceutical company founded in 1885 and headquartered in Ingelheim am Rhein, Germany. The company operates in over 100 countries worldwide, including the United States, Canada, and the United Kingdom. In July 6, 2022 Boehringer Ingelheim, a leading research-driven biopharmaceutical company, the life science company Evotec SE and bioMérieux, a world leader in in vitro diagnostics, announced today that they have formed a joint venture to create the next generation of antimicrobials along with actionable diagnostics to fight Antimicrobial Resistance (AMR).
3. Zoetis Inc.
Zoetis Inc. is a U.S. based animal health company founded in 1952 and headquartered in Parsippany, New Jersey. The company operates in over 100 countries worldwide, including the United States, Canada, and the United Kingdom. In March, 2023 Zoetis, the world leader in animal health, announced the expansion of its multi-purpose, diagnostics platform, Vetscan Imagyst™, to include two new applications, one for AI dermatology, available now; and another for AI equine FEC analysis, which will be available in Spring 2023.
4. Elanco Animal Health Incorporated
Elanco Animal Health Incorporated is a U.S. based animal health company founded in 1954 and headquartered in Greenfield, Indiana. The company operates in over 90 countries worldwide, including the United States, Canada, and the United Kingdom.
5. Ceva
Ceva is a French multinational animal health company founded in 1999 and headquartered in Libourne, France. The company operates in over 110 countries worldwide, including the United States, Canada, and the United Kingdom.
6. HIPRA
HIPRA is a Spanish animal health company founded in 1983 and headquartered in Girona, Spain. The company operates in over 100 countries worldwide, including the United States, Canada, and the United Kingdom.
7. Romvac Company Sa
Romvac Company Sa is a Romanian animal health company founded in 1958 and headquartered in Bucharest, Romania. The company operates in Romania and exports to several countries worldwide.
8. Biovac
Biovac is a South African biopharmaceutical company founded in 2003 and headquartered in Cape Town, South Africa. The company operates in South Africa and exports to several countries worldwide.
9. Vaxxinova International BV
Vaxxinova International BV is a Dutch animal health company founded in 2018 and headquartered in Boxmeer, Netherlands. The company operates in over 20 countries worldwide, including the United States, Canada, and the United Kingdom.
10. Biogénesis Bagó
Biogénesis Bagó is an Argentine animal health company founded in 1934 and headquartered in Garín, Buenos Aires. The company operates in over 50 countries worldwide, including the United States, Canada, and the United Kingdom.
Definition- Animal vaccines are biological preparations designed to provide immunity to animals against specific infectious diseases. They are used to prevent and control the spread of diseases in livestock, companion animals, and wildlife populations.
