The veterinary tuberculosis (TB) vaccine market is influenced by several factors driving its dynamics. One of the key factors is the rising prevalence of bovine tuberculosis, which poses significant economic and public health challenges. Increasing efforts to control and eradicate TB in livestock, particularly cattle, drive the demand for effective vaccines. Governments and regulatory bodies in many countries are implementing stringent regulations to ensure the safety of animal products, further fueling the demand for TB vaccines in veterinary settings. Additionally, advancements in veterinary medicine and research contribute to the development of novel vaccine candidates. Collaborative initiatives between research institutions, government agencies, and vaccine manufacturers facilitate the production and distribution of veterinary TB vaccines. However, challenges such as the need for improved diagnostics and limited awareness about TB control measures in certain regions can hinder market growth. Nonetheless, the veterinary TB vaccine market is expected to witness steady growth due to the increasing focus on animal health and the demand for safe and sustainable food production practices.
Global Veterinary Tuberculosis Vaccine Market is estimated to be valued at US$ 50.89 Mn in 2022 and is expected to exhibit a CAGR of 3.2% over the forecast period (2022-2030).
Major Players in the Veterinary Tuberculosis (TB) Vaccine Industry:
1. Merck KGaA
Merck KGaA, also known as Merck Group, was founded in 1668 and is headquartered in Darmstadt, Germany. It is a leading multinational pharmaceutical and life sciences company. Merck operates in more than 120 countries worldwide, providing a wide range of healthcare products and solutions.
2. Colorado Serum Company
Colorado Serum Company was founded in 1923 and is based in Denver, Colorado, USA. It is a manufacturer and distributor of veterinary biologicals and animal health products. Colorado Serum operates within the United States, serving veterinarians and animal health professionals.
3. CZ Vaccines (Zendal)
CZ Vaccines, also known as Zendal, is a Spanish biopharmaceutical company that specializes in veterinary vaccines. It operates as part of the Zendal Group and is headquartered in O Porriño, Spain. The exact foundation date of CZ Vaccines/Zendal is not provided in the available information.
4. Zoetis Inc.
Zoetis Inc., established in 1952, is based in Parsippany, New Jersey, USA. It is a leading global animal health company dedicated to improving the health and well-being of animals. Zoetis operates in more than 100 countries worldwide, providing a wide range of veterinary products, including vaccines.
Definition- Veterinary tuberculosis vaccine refers to a vaccine administered to animals, particularly livestock, to provide protection against tuberculosis infection, helping to prevent the spread of the disease and ensure animal health and productivity.
