Dog Vaccine Market Trends
Government initiatives for animal healthcare such as subsidized vaccination programs and public awareness campaigns to address the infection burden propel the need for animal vaccines. These initiatives encouraged higher vaccination rates and fostered a healthier pet population.
- For instance, a collaborative effort by the Ministries of Health, Fisheries & Livestock, Local Government, Rural Development & Cooperative, and Education have led to extensive mass dog vaccination programs, post-exposure prophylaxis for bite victims, and nationwide awareness campaigns. These inter-sector collaborations aim to address the need for preventive vaccinations in response to the rising incidence of diseases among dogs. About 2.25 million rabies vaccine doses were used to vaccinate dogs across all 64 districts, covering 81.57% by June 2022. Thus, the growing government support towards mass vaccination surged the demand for vaccines, thereby boosting the dog vaccine market growth.
Moreover, the growing trend of pet humanization, favorable pet insurance policies, advancements in animal health treatment, accelerated research activities, strategic expansions by key players, and increasing vaccine approvals are further driving market demand.