Sunday, December 18, 2016
Rising Prevalence of Zoonotic Diseases and Increased Spending on Companion Animals to Boost Demand for Veterinary Vaccines Market.
The Rising Prevalence of Zoonotic Diseases and Increased Spending on Companion Animals to Boost Demand for Veterinary Vaccines Market.The global veterinary vaccines market is highly consolidated, with the top five vendors accounting for a share of nearly 65% in the overall market in 2015, reports TMR in a new study. Zoetis, Inc., Merck & Co., and Sanofi Aventis, the top three companies in the market collectively held a share of more than 45% of the overall market in the same year. Targeted in-licensing and acquisitions, expansion of global manufacturing and supply capacities, and increased investments towards research and development activities are some of the key strategies adopted by leading vendors in the market. A recent instance is the strategic alliance of Sanofi with Boehringer Ingelheim in June 2016. Under this alliance, an exchange of Boehringer Ingelheim’s consumer healthcare (CHC) unit with Sanofi’s animal health business took place.continue