Animal Vaccination Market Insights and Updates by 2031
The Animal Vaccination Market is expected to register a CAGR of 9.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines, DNA Vaccines). The report is segmented by Animal Type (Livestock animal, Companion Animals). The report is segmented by Route of Administration (Oral, Parenteral, Others). The report is segmented by Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug Stores, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Animal Vaccination Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Animal Vaccination Market Segmentation
Product Type- Attenuated Vaccines
- Inactivated Vaccines
- Subunit Vaccines
- Toxoid Vaccines
- Conjugate Vaccines
- Recombinant Vaccines
- DNA Vaccines
- Livestock animal
- Companion Animals
- Oral
- Parenteral
- Others
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies and Drug Stores
- Others
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies and Drug Stores
- Others
Strategic Insights
Animal Vaccination Market Growth Drivers- Increasing Appetite for Animal Products: The increasing global population creates an appetite for animal food products as meat, dairy, and eggs. Consequently, farmers and livestock keepers are looking for ways to enhance the health and productivity of animals. Vaccination is very important to ensure that there are no diseases which impede the productivity of animals and in some instances, cause loss of such animals. For example, vaccination against foot and mouth disease (FMD), avian influenza, and African swine fever, is vital for the protection of farm animals.
- Prevention of Zoonotic Diseases: Zoonotic diseases are these infective diseases that can be easily contracted by human from animals. Pipage of rabies saliva, infectious avian influenza, and salmonella are examples of these diseases. Effective, however, preventative strategies began developing and thousands of animals are being vaccinated to prevent contagion of those diseases to human populations as countless others have experienced these outbreaks. In the countries where they pose a risk, vaccination campaigns have become an integral part of the population's health care.
- Technology Expansion on Vaccine Discovery and Development: In regard to vaccine development and production, there are technology snippets that are pushing the market. New technologies such as genetic engineering and the incorporation of effective adjuvants to recombinant vaccines for use in animals are revolutionizing the design and use of animal vaccines. These advancements in technology facilitate the provision of specific vaccines thus avoiding the jungle of use of non-selective drugs which are accompanied by negative effects. In addition, the emergence of oral and jet injector vaccination has revolutionized the method of vaccination making it less laborious and cheaper especially when it comes to commercial animal production.
- Transitioning Towards Preventive Care in Health Services: The artificial frontiers of treating ailments in animals are changing drastically with people promoting preventive care, especially vaccinations, to prevent unnecessary health care costs. This treatment approach has also been noted to shorten the time invested in productivity loss due to illness in the given animal. Preventive health care, more so the management of farm and domestic pets, has become an integral part of animal husbandry in this contemporary world.
- Promotion on the Vaccination of Pet Animals: Provided livestock vaccination is still at the forefront, the need for vaccination of companion animals is also on the rise. The increase in pet ownership, especially in developed countries, has led to pet owners trying to understand the need for vaccinating their pets to control infectious diseases. Vaccination protocols for pets including but not restricted to dog, cat and other exotic species are on the rise encouraging the development of immunity enhancing pharmaceuticals directed towards pets.
- Emergence of New Vaccine Frontiers and Their Use: Techniques enhancement in the application of vaccines is important in animal health and this has led to a growth of the animal vaccination market. Methods that do not involve the use of needles, such as delivery by mouth, spraying, or via skin patches, are becoming more accepted because they lessen the discomfort and suffering caused by conventional injections. Withstanding these deliveries, less operative time is taken while handling these species and there are no occupational hazards such as needle prick injuries in farm and veterinary procedures.
- Veterinary Vaccines for Wild and Aquatic Animals: While the majority of vaccines have been well established and designed for the companion as well as the domesticated animals, there is growing literature on the potential of vaccination of wild and aquatic animals. For instance, vaccinating the wildlife helps in containment of zoonotic diseases and aquatic animal vaccines (for example fish and shell: fish) provide protection to an industry that is essential for food resources within the picture. While research work focused on the elaboration of effective vaccines for these non: conventional animal populations is at its infancy, a powder keg of market opportunities exists.
- Synergy Between Pharmaceutical Companies and Agriculture: As with the other sectors in the animal vaccination market; the potential for growth in this sector is expected to come from increased interaction between pharmaceutical firms and other parties such as agriculture and government. These associations may result in, amongst other things, the production of better vaccines, enhanced vaccine supply lines especially in the rural underserved regions, and enhanced vaccine consumption. Efforts of this nature may also ensure that the price of vaccines is lowered and that many smallholder farmers and pet owners in less developed nations are able to afford the vaccines.
- Creation of Vaccines against Upcoming Threats to Health: From there, newer and re: emerging diseases create a window for the prospective vaccine development such as the recent cases of African swine fever and avian flu. With these diseases endangering the animal production sector and its products, the demand for vaccines which are created and administered at the quickest time possible has tremendously increased. Those pharmaceutical firms that embrace the rapid creation of vaccines in dealing with these challenges shall thrive in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Animal Vaccination Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Animal Vaccination Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Players operating in the market are Ceva, Oneogen Corporation, Merck Animal Health, Boehringer Ingelheim International GmbH, Zoetis, Onovartis, ImmuCell Corporation, Merial, Biovac, Virbac.
Companion Animals segment, by animal type, dominated the market in 2023.
North America region dominated the Animal Vaccination Market market in 2023.
Veterinary Vaccines for Wild and Aquatic Animals act as a opportunity for growth of the market in forecast period.
The Animal Vaccination Market is estimated to witness a CAGR of 9.2% from 202#to 2031
The major factors driving the Animal Vaccination Market market are:
1. Increasing Appetite for Animal Products
2. Prevention of Zoonotic Diseases
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Animal Vaccination Market - By Product Type
1.3.2 Animal Vaccination Market - By Animal Type
1.3.3 Animal Vaccination Market - By Route of Administration
1.3.4 Animal Vaccination Market - By Distribution Channel
1.3.5 Animal Vaccination Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ANIMAL VACCINATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ANIMAL VACCINATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ANIMAL VACCINATION MARKET - GLOBAL MARKET ANALYSIS
6.1. ANIMAL VACCINATION - GLOBAL MARKET OVERVIEW
6.2. ANIMAL VACCINATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ANIMAL VACCINATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ATTENUATED VACCINES
7.3.1. Overview
7.3.2. Attenuated Vaccines Market Forecast and Analysis
7.4. INACTIVATED VACCINES
7.4.1. Overview
7.4.2. Inactivated Vaccines Market Forecast and Analysis
7.5. SUBUNIT VACCINES
7.5.1. Overview
7.5.2. Subunit Vaccines Market Forecast and Analysis
7.6. TOXOID VACCINES
7.6.1. Overview
7.6.2. Toxoid Vaccines Market Forecast and Analysis
7.7. CONJUGATE VACCINES
7.7.1. Overview
7.7.2. Conjugate Vaccines Market Forecast and Analysis
7.8. RECOMBINANT VACCINES
7.8.1. Overview
7.8.2. Recombinant Vaccines Market Forecast and Analysis
7.9. DNA VACCINES
7.9.1. Overview
7.9.2. DNA Vaccines Market Forecast and Analysis
8. ANIMAL VACCINATION MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
8.1. OVERVIEW
8.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. LIVESTOCK ANIMAL
8.3.1. Overview
8.3.2. Livestock animal Market Forecast and Analysis
8.4. COMPANION ANIMALS
8.4.1. Overview
8.4.2. Companion Animals Market Forecast and Analysis
9. ANIMAL VACCINATION MARKET - REVENUE AND FORECASTS TO 2028 - ROUTE OF ADMINISTRATION
9.1. OVERVIEW
9.2. ROUTE OF ADMINISTRATION MARKET FORECASTS AND ANALYSIS
9.3. ORAL
9.3.1. Overview
9.3.2. Oral Market Forecast and Analysis
9.4. PARENTERAL
9.4.1. Overview
9.4.2. Parenteral Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. ANIMAL VACCINATION MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. VETERINARY HOSPITALS
10.3.1. Overview
10.3.2. Veterinary Hospitals Market Forecast and Analysis
10.4. VETERINARY CLINICS
10.4.1. Overview
10.4.2. Veterinary Clinics Market Forecast and Analysis
10.5. PHARMACIES AND DRUG STORES
10.5.1. Overview
10.5.2. Pharmacies and Drug Stores Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. ANIMAL VACCINATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Animal Vaccination Market Overview
11.1.2 North America Animal Vaccination Market Forecasts and Analysis
11.1.3 North America Animal Vaccination Market Forecasts and Analysis - By Product Type
11.1.4 North America Animal Vaccination Market Forecasts and Analysis - By Animal Type
11.1.5 North America Animal Vaccination Market Forecasts and Analysis - By Route of Administration
11.1.6 North America Animal Vaccination Market Forecasts and Analysis - By Distribution Channel
11.1.7 North America Animal Vaccination Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Animal Vaccination Market
11.1.7.1.1 Canada Animal Vaccination Market by Product Type
11.1.7.1.2 Canada Animal Vaccination Market by Animal Type
11.1.7.1.3 Canada Animal Vaccination Market by Route of Administration
11.1.7.1.4 Canada Animal Vaccination Market by Distribution Channel
11.1.7.2 Mexico Animal Vaccination Market
11.1.7.2.1 Mexico Animal Vaccination Market by Product Type
11.1.7.2.2 Mexico Animal Vaccination Market by Animal Type
11.1.7.2.3 Mexico Animal Vaccination Market by Route of Administration
11.1.7.2.4 Mexico Animal Vaccination Market by Distribution Channel
11.1.7.3 US Animal Vaccination Market
11.1.7.3.1 US Animal Vaccination Market by Product Type
11.1.7.3.2 US Animal Vaccination Market by Animal Type
11.1.7.3.3 US Animal Vaccination Market by Route of Administration
11.1.7.3.4 US Animal Vaccination Market by Distribution Channel
11.2. EUROPE
11.2.1 Europe Animal Vaccination Market Overview
11.2.2 Europe Animal Vaccination Market Forecasts and Analysis
11.2.3 Europe Animal Vaccination Market Forecasts and Analysis - By Product Type
11.2.4 Europe Animal Vaccination Market Forecasts and Analysis - By Animal Type
11.2.5 Europe Animal Vaccination Market Forecasts and Analysis - By Route of Administration
11.2.6 Europe Animal Vaccination Market Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Animal Vaccination Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Animal Vaccination Market
11.2.7.1.1 Germany Animal Vaccination Market by Product Type
11.2.7.1.2 Germany Animal Vaccination Market by Animal Type
11.2.7.1.3 Germany Animal Vaccination Market by Route of Administration
11.2.7.1.4 Germany Animal Vaccination Market by Distribution Channel
11.2.7.2 France Animal Vaccination Market
11.2.7.2.1 France Animal Vaccination Market by Product Type
11.2.7.2.2 France Animal Vaccination Market by Animal Type
11.2.7.2.3 France Animal Vaccination Market by Route of Administration
11.2.7.2.4 France Animal Vaccination Market by Distribution Channel
11.2.7.3 Italy Animal Vaccination Market
11.2.7.3.1 Italy Animal Vaccination Market by Product Type
11.2.7.3.2 Italy Animal Vaccination Market by Animal Type
11.2.7.3.3 Italy Animal Vaccination Market by Route of Administration
11.2.7.3.4 Italy Animal Vaccination Market by Distribution Channel
11.2.7.4 Spain Animal Vaccination Market
11.2.7.4.1 Spain Animal Vaccination Market by Product Type
11.2.7.4.2 Spain Animal Vaccination Market by Animal Type
11.2.7.4.3 Spain Animal Vaccination Market by Route of Administration
11.2.7.4.4 Spain Animal Vaccination Market by Distribution Channel
11.2.7.5 United Kingdom Animal Vaccination Market
11.2.7.5.1 United Kingdom Animal Vaccination Market by Product Type
11.2.7.5.2 United Kingdom Animal Vaccination Market by Animal Type
11.2.7.5.3 United Kingdom Animal Vaccination Market by Route of Administration
11.2.7.5.4 United Kingdom Animal Vaccination Market by Distribution Channel
11.2.7.6 Rest of Europe Animal Vaccination Market
11.2.7.6.1 Rest of Europe Animal Vaccination Market by Product Type
11.2.7.6.2 Rest of Europe Animal Vaccination Market by Animal Type
11.2.7.6.3 Rest of Europe Animal Vaccination Market by Route of Administration
11.2.7.6.4 Rest of Europe Animal Vaccination Market by Distribution Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Animal Vaccination Market Overview
11.3.2 Asia-Pacific Animal Vaccination Market Forecasts and Analysis
11.3.3 Asia-Pacific Animal Vaccination Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Animal Vaccination Market Forecasts and Analysis - By Animal Type
11.3.5 Asia-Pacific Animal Vaccination Market Forecasts and Analysis - By Route of Administration
11.3.6 Asia-Pacific Animal Vaccination Market Forecasts and Analysis - By Distribution Channel
11.3.7 Asia-Pacific Animal Vaccination Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Animal Vaccination Market
11.3.7.1.1 Australia Animal Vaccination Market by Product Type
11.3.7.1.2 Australia Animal Vaccination Market by Animal Type
11.3.7.1.3 Australia Animal Vaccination Market by Route of Administration
11.3.7.1.4 Australia Animal Vaccination Market by Distribution Channel
11.3.7.2 China Animal Vaccination Market
11.3.7.2.1 China Animal Vaccination Market by Product Type
11.3.7.2.2 China Animal Vaccination Market by Animal Type
11.3.7.2.3 China Animal Vaccination Market by Route of Administration
11.3.7.2.4 China Animal Vaccination Market by Distribution Channel
11.3.7.3 India Animal Vaccination Market
11.3.7.3.1 India Animal Vaccination Market by Product Type
11.3.7.3.2 India Animal Vaccination Market by Animal Type
11.3.7.3.3 India Animal Vaccination Market by Route of Administration
11.3.7.3.4 India Animal Vaccination Market by Distribution Channel
11.3.7.4 Japan Animal Vaccination Market
11.3.7.4.1 Japan Animal Vaccination Market by Product Type
11.3.7.4.2 Japan Animal Vaccination Market by Animal Type
11.3.7.4.3 Japan Animal Vaccination Market by Route of Administration
11.3.7.4.4 Japan Animal Vaccination Market by Distribution Channel
11.3.7.5 South Korea Animal Vaccination Market
11.3.7.5.1 South Korea Animal Vaccination Market by Product Type
11.3.7.5.2 South Korea Animal Vaccination Market by Animal Type
11.3.7.5.3 South Korea Animal Vaccination Market by Route of Administration
11.3.7.5.4 South Korea Animal Vaccination Market by Distribution Channel
11.3.7.6 Rest of Asia-Pacific Animal Vaccination Market
11.3.7.6.1 Rest of Asia-Pacific Animal Vaccination Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Animal Vaccination Market by Animal Type
11.3.7.6.3 Rest of Asia-Pacific Animal Vaccination Market by Route of Administration
11.3.7.6.4 Rest of Asia-Pacific Animal Vaccination Market by Distribution Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Animal Vaccination Market Overview
11.4.2 Middle East and Africa Animal Vaccination Market Forecasts and Analysis
11.4.3 Middle East and Africa Animal Vaccination Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Animal Vaccination Market Forecasts and Analysis - By Animal Type
11.4.5 Middle East and Africa Animal Vaccination Market Forecasts and Analysis - By Route of Administration
11.4.6 Middle East and Africa Animal Vaccination Market Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East and Africa Animal Vaccination Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Animal Vaccination Market
11.4.7.1.1 South Africa Animal Vaccination Market by Product Type
11.4.7.1.2 South Africa Animal Vaccination Market by Animal Type
11.4.7.1.3 South Africa Animal Vaccination Market by Route of Administration
11.4.7.1.4 South Africa Animal Vaccination Market by Distribution Channel
11.4.7.2 Saudi Arabia Animal Vaccination Market
11.4.7.2.1 Saudi Arabia Animal Vaccination Market by Product Type
11.4.7.2.2 Saudi Arabia Animal Vaccination Market by Animal Type
11.4.7.2.3 Saudi Arabia Animal Vaccination Market by Route of Administration
11.4.7.2.4 Saudi Arabia Animal Vaccination Market by Distribution Channel
11.4.7.3 U.A.E Animal Vaccination Market
11.4.7.3.1 U.A.E Animal Vaccination Market by Product Type
11.4.7.3.2 U.A.E Animal Vaccination Market by Animal Type
11.4.7.3.3 U.A.E Animal Vaccination Market by Route of Administration
11.4.7.3.4 U.A.E Animal Vaccination Market by Distribution Channel
11.4.7.4 Rest of Middle East and Africa Animal Vaccination Market
11.4.7.4.1 Rest of Middle East and Africa Animal Vaccination Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Animal Vaccination Market by Animal Type
11.4.7.4.3 Rest of Middle East and Africa Animal Vaccination Market by Route of Administration
11.4.7.4.4 Rest of Middle East and Africa Animal Vaccination Market by Distribution Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Animal Vaccination Market Overview
11.5.2 South and Central America Animal Vaccination Market Forecasts and Analysis
11.5.3 South and Central America Animal Vaccination Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Animal Vaccination Market Forecasts and Analysis - By Animal Type
11.5.5 South and Central America Animal Vaccination Market Forecasts and Analysis - By Route of Administration
11.5.6 South and Central America Animal Vaccination Market Forecasts and Analysis - By Distribution Channel
11.5.7 South and Central America Animal Vaccination Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Animal Vaccination Market
11.5.7.1.1 Brazil Animal Vaccination Market by Product Type
11.5.7.1.2 Brazil Animal Vaccination Market by Animal Type
11.5.7.1.3 Brazil Animal Vaccination Market by Route of Administration
11.5.7.1.4 Brazil Animal Vaccination Market by Distribution Channel
11.5.7.2 Argentina Animal Vaccination Market
11.5.7.2.1 Argentina Animal Vaccination Market by Product Type
11.5.7.2.2 Argentina Animal Vaccination Market by Animal Type
11.5.7.2.3 Argentina Animal Vaccination Market by Route of Administration
11.5.7.2.4 Argentina Animal Vaccination Market by Distribution Channel
11.5.7.3 Rest of South and Central America Animal Vaccination Market
11.5.7.3.1 Rest of South and Central America Animal Vaccination Market by Product Type
11.5.7.3.2 Rest of South and Central America Animal Vaccination Market by Animal Type
11.5.7.3.3 Rest of South and Central America Animal Vaccination Market by Route of Administration
11.5.7.3.4 Rest of South and Central America Animal Vaccination Market by Distribution Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ANIMAL VACCINATION MARKET, KEY COMPANY PROFILES
13.1. CEVA
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. NEOGEN CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. MERCK ANIMAL HEALTH
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BOEHRINGER INGELHEIM INTERNATIONAL GMBH
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. ZOETIS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NOVARTIS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. IMMUCELL CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MERIAL
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. BIOVAC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VIRBAC
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Ceva
2. NEOGEN CORPORATION
3. Merck Animal Health
4. Boehringer Ingelheim International GmbH
5. Zoetis
6. Novartis
7. ImmuCell Corporation
8. Merial
9. Biovac
10. Virbac
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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