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Veterinary Vaccines Market to Reach USD 16.13 Billion by 2028

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saurabh jadhav
Veterinary Vaccines Market to Reach USD 16.13 Billion by 2028

The global veterinary vaccines market size was USD 10.24 billion in 2020. The market is set to grow from USD 10.73 billion in 2021 and reach USD 16.13 billion in 2028 at a CAGR of 6.0% in the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Veterinary Vaccines Market, 2021-2028.” As per our researchers, the substantial growth of the market is mainly owing to increased adoption of pet animals worldwide, greater spending on pet maintenance, and escalating implementation of proficient vaccines are the chief contributors for the affirmative growth curve of the market across the forecast years. Therefore, to take precautionary measures for pets and keep them away from fleas and ticks, key players introduced several easy-to-feed medications on popular demand from their customers as it becomes difficult to feed the pets medicines.

For instance, in February 2020, Zoetis was granted approval by the U.S. FDA for Simparica, which is a once-a-month chewable flea and tick drug for dogs for treating heartworm infections. This is expected to fuel the veterinary vaccines market growth during the mentioned timeframe.


Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/veterinary-animal-vaccines-market-101532


Competitive Landscape:

An exhaustive company profile, along with the data regarding the production graph, product offerings, and revenue accounted for by each company is entailed within the report.

Additionally, it outlines the pricing trends followed and the gross margins recorded by each manufacturer, along with the share of the market held by them over the forecast period.


Objectives of the Study:

To provide a complete analysis of the global market by material type, by age group, by end user, and by region

Provide extensive information on factors affecting market growth (drivers, opportunities, restraints, and industry-specific restraints)

Forecasting and evaluating micro-markets and overall markets

To estimate market sizes in Latin America, North America, Europe, Asia Pacific, and the Middle East & Africa

Analyzing and evaluating competitive landscapes- new product launches, expansions and mergers


Some of the key points covered in the report are:

Analysis of competitors

What's Next

Market Data Forecast

Opportunity and Risks Assessment

Market Dynamics and Trends


COVID-19 Impact: Reduction of Medical Tourism amid Pandemic to Obstruct Growth

The COVID-19 outbreak affected every industry when it first arrived in 2019 and has an uncertain impact on this market in 2020. The market witnessed a decent growth of 2.1% in 2020, which is low in comparison to the pre-pandemic years. The pharmaceutical industry observed a substantial deterioration in incomes as well as patient appointments amidst the pandemic. For example, in 2020, according to the survey conducted by the American Veterinary Medical Association with veterinary practices in the U.S. perceived a noteworthy reduction in client calls 2020. Similarly, about 92% of the veterinary practitioners stated that they, too, unfortunately, saw low medical tourism for pets in April 2020 compared to the years before.

 

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit: https://www.fortunebusinessinsights.com/industry-reports/veterinary-animal-vaccines-market-101532

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