Worldwide Animal/Veterinary Vaccines Market 2018 - Product Development/Innovation

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Animal/Veterinary Vaccines Market Global
Forecast to 2018
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Animal/Veterinary Vaccines Market Global
Forecast to 2018
The global Animal Vaccines Market is in its
growth phase and is poised to cross the 8
billion mark by 2018. The factors responsible for
the growth of the market include increasing
incidences of zoonotic diseases in humans
growing prevalence of animal diseases and
increasing investments by government bodies,
animal welfare associations, and leading players.
Another factor driving the growth in this space
is the continuous innovations and introduction of
new products in the market. Since 2012, more than
20 new products have been launched, showing the
huge potential for growth in this arena.
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Animal/Veterinary Vaccines Market Global
Forecast to 2018
However, increasing maintenance costs for
vaccines and the shift towards vegetarian food by
consumers will restrict the growth of the market
to some extent. With the growing awareness of
animal health in emerging economies, new entrants
as well as established players have huge
opportunities by introducing novel vaccines like
DNA and recombinant vaccines and by entering into
emerging countries. The global market for animal
vaccines is estimated to be worth 5.8 billion by
2013 and is expected to grow at a healthy CAGR of
8.1 to reach 8.6 billion by 2018.
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Animal/Veterinary Vaccines Market Global
Forecast to 2018
Europe accounts for the largest share of the
animal vaccines market, followed by North
America. Both markets are reaching the maturity
phase of growth and will register mid
single-digit growth rates for the next five
years. Asia, parts of Africa, and LATAM are
poised to grow at double-digit rates owing to the
increasing investment opportunities for companies
in these immature markets and due to the
improving healthcare facilities for animals.
Countries like China, India, Australia, and
Brazil will be major contributors to the growth
of the market.
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Animal/Veterinary Vaccines Market Global
Forecast to 2018
The market is dominated by tier I players and is
fairly consolidated with the top 5 players
contributing close to 70 of the share. New
entrants face high barriers in entering this
market as it is a capital-intensive industry with
strict regulations. Scope of the Report This
research report categorizes the global
animal/veterinary vaccines market on the basis of
products, animal diseases, and technology. These
markets are broken down into segments and
sub-segments, providing exhaustive value analysis
for 2011, 2012, and 2013
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Animal/Veterinary Vaccines Market Global
Forecast to 2018
as well as forecasts up to 2018. Each segment of
the market is comprehensively analyzed at a
granular level, by geography (Europe, North
America, Asia, and the Rest of the World), to
provide in-depth information on the global
scenario.
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