Rise in innovations to deal with zoonotic diseases is imparting growth to the autogenous vaccines market. Next-generation processes in biotechnology are also creating a favorable environment for the development of autogenous vaccines.
Rise in innovations to deal with zoonotic diseases is imparting growth to the autogenous vaccines market. Next-generation processes in biotechnology are also creating a favorable environment for the development of autogenous vaccines.
The global autogenous vaccines market will grow at a moderate rate through 2019-2029. Programs run by international health organizations are providing impetus to the adoption of autogenous vaccines to mitigate animal diseases.
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Technological advancements in the medical sector are encouraging developments in autogenous vaccines, propelling the market towards growth. Major investments are being directed towards the production of custom vaccines, thereby contributing to market expansion.
Autogenous Vaccines: Key Takeaways
- The bacterial strain will contribute a major share of revenue in the market owing to the increasing rate of bacterial infections in livestock.
- Veterinary hospitals will lead the autogenous vaccines market in consumption attributing to the growth in government funding.
- Developing nations like India and China will generate a plethora of growth opportunities in the market on the back of growing awareness regarding zoonotic diseases.
- North America will lead the global market with enhanced animal healthcare expenditure.
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Autogenous Vaccines: Key Growth Drivers
- Growth in government initiatives to control and monitor animal diseases is driving the adoption of autogenous vaccines.
- Innovations to prevent zoonotic diseases are propelling the growth in the market.
- The rise in investments in vaccinology research is fueling developments in autogenous vaccines.
- heightening demand to reduce the injection of antibiotics in animals is surging the relevance of autogenous vaccines as a parallel product, creating scopes of application in the market.
- Augmenting pet adoption rates significantly contributes to the growth of the autogenous vaccines market.
- The high prevalence of the contagious disease in animals acts as a growth lever in the market.
Autogenous Vaccines: Key Restraints
- The high cost involved in the development of autogenous vaccines is restraining the growth in the market.
- Inadequate access to these autogenous vaccines slows down its adoption rate, hindering the market growth.
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Autogenous Vaccines: Market Competition
Leading market players are expanding their product portfolio with the help of acquisition and collaboration. They are investing in research facilities to increase their production capacity. For instance, Elanco Animal Health added a new manufacturing unit to its existing facility to manufacture autogenous vaccines for poultry. Market players are tapping opportunities in developing economies to strengthen their regional footprint.
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About the Report
Persistence Market Research provides details and actionable information on autogenous vaccines in its recent study, elaborating historical demand statistics from 2014–2018 and citing the projections for 2019–2029, based on the end-user (veterinary research institutes, veterinary clinics, and veterinary hospitals), and strain type (virus strain, bacterial strain) across seven major geographical regions.
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