Global Companion Animal Vaccine Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2023-2028

PRESS RELEASEPublished February 24, 2023The new report by Expert Market Research titled, ‘Global Compan

This report examines the market's current trends and analyzes their impact on overall market. Global companion animal vaccinations will be driven by the growing popularity of companion animals such as cats, dogs, and rabbits. Pet adoption in Europe has increased dramatically over the past few years. The increasing prevalence of animal diseases and technological advances in biotechnology will drive the industry. The market for companion animal vaccines will be supported by rising animal bite rates, government support and animal welfare campaigns. The development of a relationship between humans and animals has led to an increase in demand for animal products such as vaccines and medications. The health benefits of animals include lower heart rate, blood pressure, psychological stability, anxiety reduction, and reduced cardiac arrhythmias. Companion animal vaccines are vaccines that are given to animals (dogs, cats and other animals) in order to boost their immune system. The growth in companion animal vaccines is driven by an increase of disposable income, economic development and a growing number veterinaries in developing countries. There has also been increased investment in advanced governmental support for approving medical technology. Pet ownership and pet care expenditures have increased. Because of advances in animal medicine, immunisations and diagnostics, companion animals live longer. Continual innovation and research have led to safer and more effective vaccines for farm and pet animals. These advances are expected to have a positive impact on the global companion animal vaccine market. Market growth will also be driven by an increase in federal funding. Boehringer Ingelheim and Intervet Inc. (Merck Animal Health), Zoetis Services LLC and Zoetis Inc are the major players in this market. This report includes information on market shares, capacities and plant turnarounds, investments, mergers and acquisitions as well as the latest developments among these market players.

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