The global veterinary/animal vaccines market size is projected to hit USD 16.01 billion by the end of 2026 attributed to the increasing awareness about animal diseases and the increasing importance of animal health and welfare. Animals are exposed to various internal and external factors that act as disease-causing agents, thereby leading to communicable or fatal animal diseases.
For more Information: https://www.fortunebusinessinsights.com/industry-reports/veterinary-animal-vaccines-market-101532
Therefor animal vaccination is a significant factor that allows humans and animals to share the same environment, especially for pet owners. As per a recent report by Fortune Business Insights titled, “Veterinary/Animal Vaccines Market Size, Share & Industry Analysis, By Product (Inactivated, Live Attenuated, Recombinant, Others), By Animal (Companion, Livestock), By Route of Administration (Oral, Parenteral, Others), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others) and Regional Forecast, 2019-2026,” the market value was USD 9.75 billion in 2018 and is expected to exhibit a CAGR of 6.4% between 2019 to 2026, set as the forecast duration.
The current pandemic of COVID-19 has propelled many industries to come to a halt. Most of the import-export businesses worldwide are facing huge losses both in terms of revenue generation as well as market position in the country. However, this too shall pass. Various government initiatives are expected to bode well for companies. We are offering an impact analysis of the covid-19 pandemic and its effect on various industries to help you prepare for the future.
Rise in Number of Zootonic Diseases Worldwide to Propel Demand
The increasing number of farm animals and pet owners worldwide and the importance given to the health and well-being of their pets are major factors boosting the veterinary vaccines market growth. Additionally, the increasing number of animal cultivation practices for benefits such as milk, meat, eggs, wool, and others is also adding impetus to the market. Besides this, the rise in the number of zoonotic diseases and the increasing number of veterinary health care centers is expected to aid in the expansion of the market in the coming years.
Inactivated and Live Attenuated Vaccines Segment to Emerge Dominant Owing to High Preference
Based on segmentation by product, the inactivated and live attenuated segment earned the highest animal vaccine market share in 2018. Among these, the inactivated segment earned a 33.9% share in 2018. Even though these two vaccines have associated limitations and are conventional vaccines, they collectively earned the highest share.
The global veterinary/animal vaccines market size is projected to hit USD 16.01 billion by the end of 2026 attributed to the increasing awareness about animal diseases and the increasing importance of animal health and welfare.
Animals are exposed to various internal and external factors that act as disease-causing agents, thereby leading to communicable or fatal animal diseases.For Information: https://www.fortunebusinessinsights.com/industry-reports/veterinary-animal-vaccines-market-101532Therefor animal vaccination is a significant factor that allows humans and animals to share the same environment, especially for pet owners.
As per a recent report by Fortune Business Insights titled, “Veterinary/Animal Vaccines Market Size, Share & Industry Analysis, By Product (Inactivated, Live Attenuated, Recombinant, Others), By Animal (Companion, Livestock), By Route of Administration (Oral, Parenteral, Others), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others) and Regional Forecast, 2019-2026,” the market value was USD 9.75 billion in 2018 and is expected to exhibit a CAGR of 6.4% between 2019 to 2026, set as the forecast duration.Rise in Number of Zootonic Diseases Worldwide to Propel DemandThe increasing number of farm animals and pet owners worldwide and the importance given to the health and well-being of their pets are major factors boosting the veterinary vaccines market growth.
Additionally, the increasing number of animal cultivation practices for benefits such as milk, meat, eggs, wool, and others is also adding impetus to the market.
Besides this, the rise in the number of zoonotic diseases and the increasing number of veterinary health care centers is expected to aid in the expansion of the market in the coming years.Inactivated and Live Attenuated Vaccines Segment to Emerge Dominant Owing to High PreferenceBased on segmentation by product, the inactivated and live attenuated segment earned the highest animal vaccine market share in 2018.
Among these, the inactivated segment earned a 33.9% share in 2018.
Companion Animal Healthcare Market Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users - Global Forecast till 2027Market Insights:Market Research Future (MRFR)’s latest study has revealed that the global companion animal healthcare market is poised to proliferate rapidly at a CAGR of 9.6% during the forecast period 2017 to 2023.
The growing trend of pet adoption is likely to fuel demand in the companion animal healthcare market as it provides a sense of belongingness and responsibility to the people.
The trend is anticipated to perpetuate across the assessment period.An increase in the expenditure on companion animals coupled with advancements in medicines and vaccinations have fueled the demand in the market.
The market resonates strong growth opportunities presently, and the rising per capita income of the population is likely to have a positive influence on the expansion of the companion animal healthcare market.The increasing inclination of the pet owners towards a healthy lifestyle of their companions is projected to catapult the companion animal healthcare market on an upward trajectory.
The growing number of nuclear families has paved the way for a rise in pet adoption and expenditure among the middle-class families, which is prognosticated to favor the growth of the market over the next couple of years.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1168 Market Segmentation:By product, the global Companion animal healthcare market has been segmented into feed additives, pharmaceuticals, and vaccines.By diagnostic tests, the companion animal healthcare market is segmented into diagnostic imaging, immunodiagnostic tests, molecular diagnostics, and other tests.By end-users, the global companion animal healthcare market has been segmented into veterinary hospitals, veterinary clinics, and home care.Regional Outlook:By region, the global companion health care animal market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa.
Americas is the largest market for companion animal healthcare and is forecasted to exhibit significant growth over the assessment period.
Veterinary CT scanners offer effective and early diagnosis of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.
[184 Pages Report] The veterinary CT scanners market is expected to reach USD 173.7 million by 2022 from an estimated USD 122.3 million in 2017, at a CAGR of 7.3%.Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022What drives the Market?Increasing small companion animal populationRising demand for pet insurance with growing animal health expenditureGrowth in the number of veterinary practitioners and their income levels in developed economiesInnovations in veterinary CT scannersThe veterinary CT scanners are used by veterinary hospitals and clinics as well as by university teaching hospitals & academic institutes on small companion animals, equine and livestock, and other animals (zoo and exotic animals).
Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39631288Use of veterinary CT scanners for the diagnosis of small companion animals to drive the veterinary CT scanners market.The small companion animals segment includes dogs, cats, and other companion animals such as birds and small mammals.
The growing population of small companion animals, rising pet ownership, increasing pet healthcare expenditure, and growing demand for pet insurance are the major factors driving the growth of small companion animal segment in veterinary CT scanner market.Target AudienceVeterinary imaging system manufacturersVeterinary imaging system suppliersVeterinary hospitals, clinics, and reference laboratoriesVeterinary academic and research institutionsGovernment associationsMarket research and consulting firmsVenture capitalists and investorsVeterinary CT scanners are used for the effective and early diagnosis and treatment process of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.Request a Sample Pages @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39631288The veterinary CT scanners market has been segmented by type, into stationary multi slice CT scanners (high-end CT scanners, mid-end CT scanners, and low-end CT scanners), and portable CT scannersThe high cost of CT scanners is expected to restrain their adoption amongst veterinary hospitals and private veterinary clinics.
Also, the lack of animal health awareness in emerging markets and shortage of veterinary practitioners in developing countries are considered as major challenges for the greater adoption of CT technology in veterinary clinics/hospitals.Major Market DevelopmentsIn 2016, Canon, Inc. (Japan) acquired Toshiba Medical Systems Corporation (Japan) to enter the veterinary CT scanners marketIn 2016, Animage, LLC (US) partnered with Sound (US) to sell, and distribute Fidex-CT scanners in the US veterinary market.In 2015, Hitachi, Ltd. (Japan) launched SCENARIA SE – with 64 and 128 slice scanning capacity.
According to surveys, over 75% of American households have pets.
Americans spend over $75 billion on their pets for food, medical care, toys, and grooming.
Pets are an integral part of most Americans’ lives.In fact, many of the 85 million families with pets consider them part of the family.
Pets can be critical to their owners’ mental health.
Studies prove that people with pets are more relaxed and have improved mood.
People with pets generally have a greater sense of well-being and purpose.
