Veterinary Clostridium Vaccine Market is expected to rise from its initial estimated value of USD 494.65million in 2018 to an estimated value of USD 715.37 million by 2026 registering a CAGR of 4.72% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising in animal adoption, increase in occurrence of injuries and diseases in animals, and the technological advancements.
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Industry News:-
- In May, 2018, Zoetis acquired Abaxis, a Leading Global Provider of Veterinary Point-of-Care Diagnostic Instruments to enhance its presence in veterinary diagnostics, This will increase its presence in veterinary diagnostics approximately 10% compound annual growth over the last three years and this can also provide a new platform for growth that Zoetis can accelerate with sales of its products in more than 100 countries.
- In June, 2016, Sanofi and Boehringer Ingelheim signed an agreement Sanofi’s Animal Health and Boehringer Ingelheim’s Consumer Healthcare Business. After this acquisition, Boehringer Ingelheim becomes the second largest animal-health company and it will bethe top provider worldwide of parasiticides and vaccines for both production animals and pets.
Veterinary Clostridium Vaccine Market is having several developments, product launches, joint ventures, merges and accusations by its prominent market players and top brands which are driving the market in the terms of sales, import, export and revenue. This report gives an edge to not just compete but to outmatch the competition. The report provides with CAGR value fluctuation during the forecast period of 2019-2025 for the market.
Veterinary Clostridium Vaccine Market Top Competitors:-
Few of the major market competitors currently working in the veterinary clostridium vaccine market are:-
Bayer AG, Bimeda, Inc., Boehringer Ingelheim International GmbH., Ceva , Eli Lilly and Company, Intervet Inc., a subsidiary of Merck & Co. Inc., Sanofi, Virbac, Zoetis, Inc., Aratana Therapeutics, Inc., ARKO Labs, CanFel Therapeutics, CEVA Logistics, Hygieia Biological Laboratories, Nuovo Biologics,LLC, Valneva SE,.
Veterinary Clostridium Vaccine Market Competitive Analysis:
The global veterinary clostridium vaccine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary clostridium vaccine market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Market Drivers:-
- The demand for clostridium vaccine is increasing by the increased awareness relating to zoonotic diseases and the increase occurrence rate of clostridium family diseases
- Technology advancement
- Increasing consumption of Animal-derived Products
Market Restraints:-
- High cost of treatment works as a obstacle for the market growth
- Strict Regulations acting as a major market restraint
Veterinary Clostridium Vaccine Market Segmentation:-
Animal Species :
- Bovine
- Ovine
- Caprine
- Swine
- Poultry
- Others
By Distribution Channel :
- Veterinary Clinic
- Veterinary Hospital
- Veterinary Research Institute
- Retail Pharmacy
By Geography :
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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