Global Veterinary Vaccine Industry: Current and Future Situations

The world veterinary vaccine market is expected to reach 7.2 Billion USD in 2020 from current size of 5.5 Billion USD in 2015, shows a growth of 5.5%. There are different factors influencing the future market of vaccines for veterinary use such as increasing prevalence of animal infectious diseases, increasing incidences of zoonotic diseases, investments in vaccine industry by governments and organizations, and launches of new products by private sectors. On the other hand, there are factors that are expected to decrease the growth of veterinary vaccines market such as; increasing costs of vaccine storage conditions, adoption of vegetarian foods in developed countries, and global economic crisis.This study will discuss the future of animal vaccine industry in global terms and the factors and main players and their roles in the current and future of the veterinary vaccine industry.