Animal Diseases / Animal Health / Disease Control / Emerging Diseases / Vaccines / Zoonotic Diseases

Global veterinary vaccines market to reach US$5.6 billion by 2015

Given the frequent outbreaks of animal diseases such as bird flu, avian influenza, anthrax, and other viral and bacterial infections, animal healthcare has gained tremendous significance across the globe.

The global veterinary vaccines market waned in 2008 and 2009, as a result of the global meltdown. The market, nevertheless, recovered in 2010 and is expected to post substantial growth in ensuing years. Growing demand for the vaccines from Asia, Latin America and Eastern European countries and increased vulnerability of animals to the diseases is steering the demand for veterinary vaccines. Rapidly changing patterns of the diseases among the animals and increased development of resistance to the currently used antimicrobials is compelling the manufacturers to invest heavily in new product developments. Adoption of novel animal husbandry techniques and different farming conditions are attributed as the major factors for emergence of newer diseases. Growing awareness on animal health and benefits of early detection and preventive medicines will drive the demand for veterinary vaccines over the next few years. Technology innovations, in particular DNA-related vaccines, and introduction of new products that are capable of ensuring greater production and immune responses than traditional vaccines also augurs well for the future of veterinary vaccines market.

Read more … (PRweb)

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