Asia-Pacific animal vaccine market is estimated to grow at a CAGR of around 7.6% during the forecast period. Asia-Pacific has a potential market owing to the increasing animal husbandry practices with an improvement in the management of farms. Moreover, the advancement in biotechnological research is supporting to drive the market in the region. The large breeding companies in the region are increasingly inclining towards the adoption of high-quality vaccines, which are nearly 5-15 times costly than vaccines purchased under the policy. Significant prevalence of livestock diseases is expected to offer bright prospects in the growth of the animal vaccine market in the region. Further, the rapid industrialization of the entire livestock, increasing state government initiatives with the introduction of several mass vaccination programs are some other factors augmenting the market growth in the region.
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Some crucial players in the market include Zoetis, Inc., Bayer AG, Boehringer Ingelheim International GmbH, Hester Biosciences Ltd., Merck & Co., Inc., and Novartis International AG. In order to survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, R&D, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2019, Biovet Pvt. Ltd. plans to invest nearly $28 million in India as a part of its expansion plans to meet the emerging demands, primarily to tackle Foot & Mouth disease and Brucellosis in animals across the country. The company will establish a new Brucella vaccine production facility at the Malur site in India to produce 100 million doses.
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Market Segmentation
Asia-Pacific Animal Vaccine Market by Type
- Porcine Vaccines
- Poultry Vaccines
- Livestock Vaccines
- Aquaculture Vaccines
- Companion Animal Vaccines
- Other Animal Vaccines
Asia-Pacific Animal Vaccine Market by Technology
- Live Attenuated Vaccine
- Killed/Inactive Vaccine
- Recombinant Vaccine
- Vectored Vaccine
- Subunit Vaccine
- DNA Vaccine
- Chimeric Vaccine
- Others
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Bayer AG
- Bio-Med (P) Ltd.
- Biovet Pvt. Ltd.
- Boehringer Ingelheim International GmbH
- Brilliant Bio Pharma Private Limited (BBPL)
- Hester Biosciences Ltd.
- Indovax Pvt. Ltd.
- Merck & Co., Inc.
- Nisseiken Co. Ltd.
- Novartis International AG
- Zoetis, Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
