The Dog Vaccines Global Market Report 2023, provides comprehensive information on the dog vaccines market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global market for dog vaccines is poised for a notable evolution, with projections indicating a transition from its 2022 valuation of $3.23 billion to an estimated $3.42 billion in 2023, embodying a commendable compound annual growth rate (CAGR) of 6.1%. Regrettably, the backdrop of the Russia-Ukraine conflict casts a shadow over the global economic recovery from the lingering impacts of the COVID-19 pandemic, particularly in the short term. This geopolitical tension has precipitated economic sanctions against several nations, an upsurge in commodity prices, and perturbations in global supply chains, fostering inflationary pressures across diverse sectors.
Nevertheless, the canine vaccine market retains its resilience and is expected to expand to a valuation of $4.14 billion by 2027, accompanied by a CAGR of 4.9%. This trajectory underscores the enduring importance of dog vaccines, which play a pivotal role in safeguarding canine health and, by extension, contributing to the broader welfare of society. In the wake of such global uncertainties, the consistent growth of this market is a testament to its significance in nurturing a healthier and safer world for both humans and their faithful canine companions.
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A prominent and compelling trend within the realm of canine vaccines is the unrelenting march of technological advancement. Key players in the canine vaccines market are steadfastly embracing novel technologies to drive innovation in vaccine development. A case in point is the momentous development that transpired in September 2022, spearheaded by Merck Animal Health, a distinguished US-based purveyor of veterinary pharmaceuticals, vaccines, and cutting-edge technology solutions.
Merck Animal Health unveiled the groundbreaking Nobivac Intra-Trac Oral BbPi, a pioneering addition to the canine vaccine repertoire. This oral vaccine is distinguished by its exceptional capacity to provide mucosal protection, coupled with a convenient oral administration method. Specifically designed for the vaccination of healthy dogs aged 7 weeks or older, it effectively guards against canine parainfluenza virus and Bordetella bronchiseptica. The significance of this breakthrough extends further, as it incorporates the revolutionary Immuno-Mist-RTM technology, developed by Intervet, a subsidiary of Merck & Co. This innovative technology serves as a catalyst for augmenting the contact area with mucosal surfaces, marking a significant milestone in the ongoing enhancement of canine vaccine delivery. As the dog vaccines market continues to evolve, such advances serve as a testament to the industry’s commitment to advancing the health and well-being of our beloved canine companions
The dog vaccines market is segmented:
1) By Type: Attenuated Live Vaccines, Conjugate Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, DNA Vaccines, Recombinant Vaccines
2) By Route Of Administration: Subcutaneous, Intramuscular, Intranasal
3) By Application: Below 6 Months, Above 6 Months
Asia-Pacific was the largest region in the dog vaccines market in 2022.
The table of contents in TBRC’s dog vaccines market report includes:
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Top 5 Major Key Players Are:
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