Companion Animal Vaccines Market size to exceed USD 5.6 billion by 2024

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Companion Animal Vaccines Market size to exceed
USD 5.6 billion by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Companion Animal Vaccines
Market

• About 62 of households in the U.S. own pet
  animals such as rabbits, ferrets, reptiles, birds
  and ornamental fish. It was estimated that over 5
  million pet rabbits were owned by 2.2 million
  households in the country.
• It was estimated that, U.S spends around 25 of
  its total expenditure on veterinary care which
  includes medicines and vaccines.
• Europe dominates the market, holding highest
  revenue share of the companion animal vaccines.
  Along with U.S, it holds more than three-quarters
  of overall animal vaccine revenue share, followed
  by Asia Pacific and Japan.
• Emerging countries such as Mexico, Brazil and
  India are promoting pet ownership programs and
  companion animal taskforce to educate the
  community members about the welfare issues of
  pets.

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Application Analysis of Companion Animal Vaccines
Market

• Companion animals such as cats, horses, and dogs
  play an important role in the lives of people.
• The strengthening of bond between animals and
  human has led to an increased demand for animal
  products, including pharmaceuticals and vaccines,
  which contribute significantly to the health and
  wellbeing of animals.
• The animals seemed to provide various health
  benefits such as reduced cardiac arrhythmias,
  lower blood pressure, greater psychological
  stability, reduced anxiety, and improved
  well-being. The trend of keeping pet animals is
  anticipated to accelerate industry growth.
• Diseases associated with companion animals are
  more likely to get transmitted to human
  population.

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Competitive Market Share of Companion Animal
Vaccines Market

• The major players in industry are Sanofi-Aventis,
  Merial, Merck and Pfizer owing to their merger
  and acquisition strategies.
• The mergers and acquisitions are monitored
  carefully by governments across the country such
  as the Directorate General for Economic and
  Financial Affairs in the European Union and the
  United States Federal Trade Commission to protect
  consumer interest.
• Oher players in companion animal vaccines market
  includes Pfizer, Bioniche Animal Health (Canada),
  Merck Animal Health (U.S), Novartis Animal Health
  Inc., Sanofi-Aventis, Bayer Healthcare, Zoetis
  (U.S), Heska Corporation, Virbac, Ceva Animal
  Health, Inc., Merial Inc. (Sanofi), Boehringer
  Ingelheim (Germany), Elanco.

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