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Animal Vaccines Market Size & Share To Witness A CAGR 5.6% Till 2023 | Insights, Profile, Opportunities and SWOT Analsysis

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rahul kumar
Animal Vaccines Market Size & Share To Witness A CAGR 5.6% Till 2023 | Insights, Profile, Opportunities and SWOT Analsysis

Jul 19, 2019 (AB Digital via COMTEX) -- Global Animal Vaccines Market is likely to expand at a CAGR of 5.65% during the forecast period (2018-2023).

The surging incidences of livestock diseases are likely to favour the market growth.

For instance, Boehringer Ingelheim launched two swine vaccines in 2015 in the market against Porcine Reproductive and Respiratory Syndrome.

Factors like rising prevalence of livestock diseases, growing adoption of companion animals, technological advancements in animal vaccines, and surging initiatives by the government are contributing to the growth of the market.

Animals serve as an important food source, milk, meat, protein, and other commercial products like wool and leather.

Some of the most commonly used veterinary vaccines comprises foot & mouth diseases vaccines, rabies vaccines, and equine influenza virus vaccines, which help to prevent the transmission of infectious agents.

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