According to a new report, published by KBV research, The Global Ruminant Vaccines Market size is expected to reach $5.7 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period.
The Cattle segment is generating the maximum revenue in the Global Ruminant Vaccines Market by Animal Type in 2023; thereby, achieving a market value of $4.7 billion by 2031. Cattle possess a unique digestive system characterized by a rumen, a large fermentation chamber where microbial digestion of fibrous plant material occurs. The rumen environment is highly complex and dynamic, with diverse microbial populations capable of degrading complex carbohydrates and synthesizing essential nutrients.
The Modified/ Attenuated Live segment is registering a CAGR of 6.2 % during the forecast period. Modified/attenuated vaccines are highly effective in stimulating strong and long-lasting immune responses in vaccinated animals. These vaccines typically contain live but weakened (attenuated) strains of pathogens that can replicate within the host without causing disease. As a result, modified/attenuated vaccines mimic natural infection and induce robust immune responses, providing superior protection against targeted pathogens.
The Injectable segment is leading the Global Ruminant Vaccines Market by Route of Administration in 2023; thereby, achieving a market value of $5.2 billion by 2031. Injectable vaccines are relatively easy to administer, especially in larger ruminant species such as cattle, sheep, and goats. Veterinary professionals and producers can administer injectable vaccines using standard syringes and needles, making them convenient for mass vaccination programs, individual animal treatments, or herd/flock-wide disease prevention protocols. Also, injectable vaccines allow for precise dosage control, ensuring that each animal receives the correct vaccine antigen for optimal immune response.
The Bovine Respiratory Diseases (BRD) segment is growing at a CAGR of 5.9 % during the forecast period. BRD is a complex multifactorial disease caused by viral, bacterial, and environmental factors. It affects cattle of all ages and production stages, with outbreaks commonly occurring in the feedlot, dairy, and beef production systems. The widespread prevalence of BRD in cattle populations necessitates effective vaccination strategies to control disease transmission, minimize clinical cases, and mitigate the associated economic losses.
Full Report: https://www.kbvresearch.com/ruminant-vaccines-market/
The North America region dominated the Global Ruminant Vaccines Market by Region in 2023; thereby, achieving a market value of $1.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 6.3% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 7.4% during (2024 - 2031).
By Animal Type
By Vaccines Type
By Route of Administration
By Indication
By Geography
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