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The Asia-Pacific Veterinary Vaccine Market is Segmented by Animal Vaccine Type (Livestock Vaccines and Companion Animal Vaccines), Technology, and Geography.
The Asia-Pacific veterinary vaccine market is expected to witness a CAGR of 6.12% over the forecast period. The key factors propelling the growth of this market are the increasing incidences of livestock diseases, initiatives by various government agencies, animal associations, leading players in the Asia-Pacific region, and the increasing incidences of zoonotic diseases.
According to the National Dairy Development Board 2017, India has a cattle population of 158.7 million and it has one of the largest animal husbandry sectors in the world, along with the largest livestock population, with 520.6 million heads. Furthermore, in 2016, Zoetis and Merial entered into an agreement for marketing and distribution drugs and vaccines for dairy cattle in India. Merial is expected to market and sell Zoetis products, including brands, such as Bovical, Rispoval, Spirovac, and many others. Thus, increasing cattle population in the region and increasing prevalence of diseases, along with improved distribution reach, with vaccine institutes reaching smaller districts, are some of the factors that are augmenting the growth of the market.
The Asia-Pacific veterinary vaccine market has been segmented based on vaccine type, technology, and geography. By vaccine type, the market is divided into livestock vaccines and companion animal vaccines. By technology, the market is divided into live attenuated vaccines, inactivated vaccines, toxoid vaccines, recombinant vaccines, and other technologies.
|By Animal Vaccine Type|
|Live Attenuated Vaccines|
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The live attenuated vaccines segment of the Asia-Pacific veterinary vaccine market is believed to have the largest market size. Most of the vaccines licensed for oral or intranasal administration are attenuated. These vaccines must be stored and handled properly, with strict attention to temperature, even in the lyophilized (free-dried) state. After the reconstitution, the vaccine dose should be administered promptly (within 1 hour) or discarded. Some examples of these types of vaccines include canine distemper virus vaccines and all canine parvovirus and adenovirus-2 vaccines. Hence, it is expected to impact positively on the market in this segment.
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The Asia-Pacific veterinary vaccine market is a moderately consolidated market and consists of several major players. In terms of market share, a few of the major players currently dominate the market. Companies, like Zoetis Inc., Merck & Co. Inc., Virbac, Eli Lily and Company, and Boehringer Ingelheim International GmbH, hold the substantial market share in the Asia-Pacific veterinary vaccine market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Diseases in Animals
4.2.2 Initiatives by Various Government Agencies, Animal Associations, and Leading Players
4.3 Market Restraints
4.3.1 High Storage Costs for Vaccines
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Animal Vaccine Type
5.1.1 Livestock Vaccines
188.8.131.52 Bovine Vaccines
184.108.40.206 Poultry Vaccines
220.127.116.11 Porcine Vaccines
18.104.22.168 Other Livestock Vaccines
5.1.2 Companion Animal Vaccines
22.214.171.124 Canine Vaccines
126.96.36.199 Feline Vaccines
188.8.131.52 Equine Vaccines
5.2 By Technology
5.2.1 Live Attenuated Vaccines
5.2.2 Inactivated Vaccines
5.2.3 Toxoid Vaccines
5.2.4 Recombinant Vaccines
5.2.5 Other Technologies
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boehringer Ingelheim International GmbH
6.1.2 Ceva Sante Animale
6.1.4 Hester Biosciences Ltd
6.1.6 Merck & Co.
6.1.7 Phibro Animal Health Corp.
6.1.8 Virbac SA
6.1.9 Zoetis Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments