Veterinary vaccines are used for prevention of diseases that affect animals. Animal vaccination is a cost-effective solution to maintain animal health and sustainability, offering various benefits such as improved animal health & welfare of companion animals, improvement in livestock products, and prevention of transmission of diseases from animal to humans. Humans are largely dependent on animals, as they are the major source of milk, meat, and other dairy products. Thus, with increase in population, the demand for animal products also increases, fueling the production of vaccines for cattle, pigs, poultry, and sheep.
The growth of animal vaccines market is driven by increase in healthcare spending by governments. In addition, rise in consumption of meat, milk, and protein; and extensively growing pet ownership drive the market. However, lack of awareness toward pet health and expensive storage & production of vaccines are expected to restrain the growth of the market.
KEY MARKET SEGMENTS
By Animal Type
The key players profiled in this report include the following:
The other players of the animal therapeutics and diagnostics market include (companies not profiled in the report):
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