November 27, 2024

Dog Vaccine Market Size to Record US$ 2.96 million by 2030

The global dog vaccine market size was estimated at around USD 1.65 million in 2022 and it is projected to hit around USD 2.96 million by 2032, growing at a CAGR of 6.03% from 2023 to 2032. The dog vaccine market in the United States was accounted for USD 537.9 million in 2022.

Dog Vaccine Market Size 2023 to 2032

Key Pointers

  • North America dominated the market with the largest market share of 39% in 2022.
  • Asia Pacific is anticipated to grow at the fastest CAGR of 7.05% from 2023 to 2032.
  • By Vaccine Type, the modified/attenuated live segment captured the maximum market share of 53% in 2022.
  • By Vaccine Type, the other segment is anticipated to grow at the fastest CAGR of 8.16% between 2023 to 2032.
  • By Disease Type, the CIRDC segment generated the maximum market share of 28% in 2022.
  • By Disease Type, the canine rabies segment is expected to grow at the fastest CAGR of 6.96% from 2023 to 2032.
  • By Component, the combined vaccine segment held the largest revenue share of 66% in 2022 and is expected to grow at the fastest CAGR of 6.26% over the forecast period.
  • By Route of Administration, the injectable segment held the largest revenue share of 77% in 2022.
  • By Route of Administration, the oral vaccine segment is anticipated to grow at the fastest CAGR of 7.15% over the forecast period.

The dog vaccine market represents a critical segment within the broader landscape of veterinary pharmaceuticals, driven by the imperative to ensure the health and well-being of canine companions. This overview provides a comprehensive glimpse into the key facets defining the current state and trajectory of the dog vaccine market.

Market Growth

The growth of the dog vaccine market is propelled by a confluence of factors that collectively contribute to its expansion. Increased pet ownership, coupled with a heightened awareness of responsible pet care, has driven a surge in demand for canine vaccinations. Advancements in veterinary science, characterized by ongoing research and development initiatives, play a pivotal role in the introduction of new and improved vaccines. The industry’s commitment to addressing both existing and emerging threats to canine health through innovative immunization solutions further fuels market growth. Additionally, evolving trends in personalized vaccine plans, tailored to individual dogs, reflect the market’s responsiveness to the changing preferences of pet owners. This dynamic landscape, supported by technological advancements in vaccine delivery and genetic engineering, underscores a commitment to enhancing vaccine efficacy.

Report Scope of the Dog Vaccine Market

Report Coverage Details
Market Revenue by 2032 USD 2.96 million
Growth Rate from 2023 to 2032 CAGR of 6.03%
Revenue Share of North America in 2022 39%
CAGR of Asia Pacific from 2023 to 2032 7.05%
Base Year 2022
Forecast Period 2023 to 2032
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)

Market Dynamics

Drivers

Growing Awareness of Preventive Healthcare:

A heightened awareness among pet owners about the importance of preventive healthcare measures for dogs is a significant driver for the market. The realization that vaccinations are crucial in safeguarding canine companions from a spectrum of infectious diseases has led to a proactive approach to veterinary care, boosting the market for dog vaccines.

Advancements in Veterinary Science:

The relentless pursuit of scientific innovation in veterinary medicine, marked by ongoing research and development activities, serves as a major driver for the dog vaccine market. The introduction of novel vaccines, improvements in existing formulations, and the application of cutting-edge technologies contribute to the overall growth and dynamism of the market.

Restraints

Limited Accessibility in Developing Regions:

Accessibility to canine vaccines remains a significant restraint, particularly in developing regions. Challenges related to distribution networks, infrastructure limitations, and economic constraints in these areas contribute to an uneven distribution of vaccines, hindering comprehensive canine healthcare.

Cost-Related Concerns:

The cost of canine vaccines, including production, distribution, and administration, poses a restraint to market growth. Some pet owners may be deterred by the perceived high cost of comprehensive vaccination programs, impacting the widespread adoption of immunization measures.

Opportunities

Customized Vaccination Plans:

Responding to the growing demand for personalized healthcare, there is an opportunity to develop and promote customized vaccination plans for dogs. Tailoring vaccine regimens to individual health profiles, lifestyles, and regional risks can enhance the market’s appeal and efficacy.

Emerging Zoonotic Threats:

The recognition of zoonotic diseases and their potential transmission between animals and humans opens doors for advancements in canine vaccines. Developing vaccines that not only protect dogs but also contribute to public health initiatives can position the market as a crucial component in the prevention of cross-species transmission.

Vaccine Type Insights

The market is segmented based on the vaccine type into modified/attenuated live, inactivated (killed), and others. The modified/attenuated live segment accounted for the largest revenue share of 53% in 2022. The attenuated live vaccine can protect against disease and infection and provide long-term immunity, driving their market. All canine adenovirus-2 and parvoviruses, such as canine adenovirus type 2 (CAV-2), are attenuated live vaccines. The CAV-2 vaccine helps in the protection of infectious hepatitis.

The other segment is expected to grow at the fastest CAGR of 8.16% over the forecast period. The innovation in the dog vaccine has led to the development of new and more effective canine vaccines, such as recombinant vaccines, which insert a pathogen gene into the virus in combination with other antigens. For instance, Recombitek is a recombinant vaccine developed by Boehringer Ingelheim International GmbH to protect against distemper, leptospirosis, and other diseases.

Disease Type Insights

Based on disease type, the market is segmented into canine infectious respiratory disease complex (CIRDC), canine distemper, canine rabies, canine leptospirosis, canine Lyme disease, infectious canine hepatitis, canine parvovirus/parvovirus disease, and other diseases. The CIRDC segment accounted for the highest revenue share of 28% in 2022. The existence of several causal agents for CIRDC has encouraged the development of new vaccines. For instance, in November 2019, Zoetis launched the first of its kind, Plus Bb Oral, in Europe to protect against one of the primary causal agents of CIRDC, Bordetella bronchiectasis. The vaccine is expected to provide a comfortable route of administration for one year.

The canine rabies segment is estimated to register the fastest CAGR of 6.96% over the forecast period. This growth can be attributed to the prevalence of canine rabies, its zoonotic potential, and efforts by public and private players to create awareness and prevent rabies. For instance, in September 2021, jbfsociety.org launched an anti-rabies vaccination program for dogs in Northeast India intending to make society rabies-free until 2030. Such initiatives are likely to foster the demand for canine rabies vaccines over the forecast period.

Route of Administration Insights

Based on the route of administration, the market is segmented into injectable, intranasal, and oral vaccines. The injectable segment held the largest revenue share of 77% in 2022. Injectable vaccines are the most popular among veterinarians and pet owners due to their ability to facilitate accurate dosage. In March 2021, MSD Animal Health (Merck & Co., Inc.) launched an injectable vaccine to protect against Bordetella bronchieseptica, Nobivac(r) Respira Bb. The single-dose administration of the vaccine can protect dogs against disease for seven months after the primary course and 12 months after the booster dose.

The oral vaccine segment is anticipated to grow at the fastest CAGR of 7.15% over the forecast period. Oral vaccines are considered more convenient as the pet owners can administer them. In addition, oral vaccines are also easy to supply since they require less stringent cold chain storage. This is likely to encourage the development and increase the adoption rate for these vaccines.

Component Insights

Based on the components, the market is segmented into combined vaccines and mono vaccines. The combined vaccine segment contributed the largest market share of 66% in 2022 and is expected to grow at the fastest CAGR of 6.26% over the forecast period.

Administration of combined vaccines helps protect against more than one disease and reduce the requirement for several injections a dog needs for different diseases. This makes the vaccine procedures more convenient and less stressful which is expected to drive their demand in the dog vaccine industry. For instance, Nobivac Puppy DP by Merck & Co, Inc. is a combined vaccine to protect against canine distemper and canine parvovirus.

Regional Insights

North America accounted for the largest revenue share of 39% in 2022. The region has a presence of several key players in the dog vaccines market. In addition, the rising awareness regarding preventive healthcare for pets and increasing pet ownership rates are major growth drivers for this market. For instance, the combined efforts by Merck & Co., Inc., Petco Love, and NGO helped distribute one million free pet vaccines by October 2022.

Asia Pacific is expected to grow at the fastest CAGR of 7.05% during the forecast period. The region has the presence of several emerging economies, such as India and China. The growing income levels, changing demographics, and improvement in the standard of living are expected to foster the growth of the market in this region. According to an article published by CNBC in October 2022, India is expected to experience the biggest hike of 4.6% in real wages, whereas 3.6% growth is expected in China. This rise in income levels is expected to encourage more spending on pets.

Key Companies

  • Bioveta a.s
  • Hester Biosciences Limited
  • Boehringer Ingelheim International GmbH
  • Brilliant Bio Pharma
  • Heska Corporation
  • Merck & Co., Inc.
  • Virbac
  • Zendal Group
  • Elanco
  • Zoetis Services LLC.

Dog Vaccine Market Report Segmentations:

By Vaccine Type

  • Modified/ Attenuated Live
  • Inactivated (Killed)
  • Others

By Disease Type

  • Canine Distemper
  • Canine Infectious Respiratory Disease Complex (CIRDC)
  • Canine Parvovirosis/ Parvovirus Disease
  • Canine Leptospirosis
  • Canine Lyme Disease
  • Infectious Canine Hepatitis
  • Canine Rabies
  • Other Diseases

By Route of Administration

  • Injectable
  • Intranasal
  • Oral

By Component

  • Combined Vaccines
  • Mono Vaccines

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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