The global animal vaccine market is projected to grow at a CAGR of 6.5% during the forecast period (2018-2023). Though the awareness towards vaccinating animals is low in a number of developing countries, various government initiatives and vaccination programs by animal welfare organizations are driving the growth of global animal vaccine market. Establishment of national vaccination awareness month is one of the steps taken by the government to create awareness among the public towards animal health and welfare. For instance, National Vaccination Awareness Month is observed during the month of August in the US, that has been designed for raising awareness regarding the importance of pet immunization.
Further, Health Officials in Canada and UK collaboratively started a new initiative in April 2018, to combat antimicrobial resistance (AMR) in livestock and aquaculture production in low- and middle-income countries. Global AMR Innovation Fund of UK government and International Development Research Centre (IDRC) of Canada through Innovet-AMR, a partnership will fund and support research for the development of new and innovative animal vaccines and other innovative veterinary solutions for reducing the use of antimicrobials in livestock and aquaculture in LMICs. It is a four-year initiative that is supported by $22.1 million. Globally, important antibiotics are commonly used in the production of food in high- as well as low-income countries in the animal vaccine industry.
Furthermore, one of the leading poultry farms, CHI Farm in Nigeria in September 2018, has announced to open a new diagnostic center with the support of Zoetis and Bill & Melinda Gates Foundation (BMGF). The new diagnostic center is a part of a three-year initiative for building a sustainable veterinary diagnostic network and animal health infrastructure in Nigeria through the African Livestock Productivity and Health Advancement (A.L.P.H.A.) initiative. The BMGF has funded a grant of $18.4 million, that will be used to upgrade more laboratories across the region. This will make veterinary services, and medicines accessible to the farmers in the region.
OMR Global Recently Published Report on: https://www.omrglobal.com/industry-reports/animal-vaccine-market
Global Animal Vaccine Market – Segment
By Type
- Porcine Vaccines
- Poultry Vaccines
- Livestock Vaccines
- Aquaculture Vaccines
- Companion Animal Vaccines
- Others
By Technology
- Live Attenuated Vaccine
- Killed/Inactivated Vaccine
- Recombinant Vaccines
- Others
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