The Companion Animal Veterinary Vaccines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Companion Animal Veterinary Vaccines Global Market Report 2024, The companion animal veterinary vaccines market size has grown strongly in recent years. It will grow from $3.47 billion in 2023 to $3.7 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to pet ownership growth, preventive healthcare, zoonotic diseases, advancements in vaccine technology.
The companion animal veterinary vaccines market size is expected to see strong growth in the next few years. It will grow to $4.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing pet population, preventive healthcare awareness, technology and vaccine development, customized vaccination plans. Major trends in the forecast period include comprehensive vaccination programs, advanced vaccine technologies, vector-borne disease control, vaccination clinics and mobile services.
Increased pet ownership by Gen X and Gen Y adults contributed to the growth of the companion animal veterinary vaccine market during the forecast period. According to the APPA, millennial, or Gen Y, represent the largest segment of pet owners for all types of pets. More than 80% of Gen Y and Gen Z own a dog, and 50% or less own a cat as a pet. Multiple pet ownership is also on the rise in some parts of the world. For instance, in February 2023, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. . Therefore, the rise in pet ownership aids in the growth of the companion animal veterinary vaccine market.
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The companion animal veterinary vaccines market covered in this report is segmented –
1) By Product: Inactivated; Live Attenuated; Recombinant; Other Products
2) By Route Of Administration: Oral; Parenteral; Other Routes Of Administration
3) By Distribution Channel: Veterinary Hospitals; Veterinary Clinics; Pharmacies And Drug Stores; Other Distribution Channels
The companion animal veterinary vaccines market report table of contents includes:
1. Executive Summary
2. Companion Animal Veterinary Vaccines Market Characteristics
3. Companion Animal Veterinary Vaccines Market Trends And Strategies
4. Companion Animal Veterinary Vaccines Market - Macro Economic Scenario
5. Global Companion Animal Veterinary Vaccines Market Size and Growth
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31. Global Companion Animal Veterinary Vaccines Market Competitive Benchmarking
32. Global Companion Animal Veterinary Vaccines Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Companion Animal Veterinary Vaccines Market
34. Companion Animal Veterinary Vaccines Market Future Outlook and Potential Analysis
35. Appendix
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