The Anthrax Vaccine Market is expected to project growth with an estimated CAGR of 7.85% during the forecast period.
All the markets are majorly impacted by the sudden outbreak of COVID-19, the focus has primarily shifted to combat COVID-19, all other research and development are put on hold. In July 2020, the Center for disease control and Prevention (CDC) has provided certain guidelines to veterinary professionals for the treatment of animals during COVID-19. Along with these many government agencies have also recommended prioritizing urgent and emergency visits to clinics and hospitals. Thus, Covid-19 is expected to have a slight negative impact on the anthrax vaccine market.
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Although the market is dominated by limited players and is expected to grow in the forecast period, factors such as less awareness about diagnostic and screening tests and the cost-prohibitive nature of the anthrax vaccine can restrict the market growth.
Key Market Trends
Animal Use Anthrax Vaccination Segment is Expected to Dominate the Market Over the Forecast Period
Anthrax is an epizootics disease i.e., spread from animals to humans and emerges periodically among susceptible animals either wild or domesticated. In herbivore animals like cattle, sheep, goats, camels, antelopes, anthrax is acute septicemia with a high fatality rate and usually accompanied by hemorrhagic lymphadenitis. On the other hand, in dogs, pigs, and horses it is a less acute but potentially fatal disease. The appearance of the outbreak may be associated with drought, flood, or soil disturbances. Humans got anthrax infection when they encountered infected animals or their processed materials like wool, processed hair, etc. The annual vaccination is required in animals before 2-4 weeks of the season when the outbreak is expected. Many anthrax vaccines are used for animals and all of which are un-encapsulated live variant vaccines.
North America Holds Significant Share in the Market and Expected to Grow in Forecast Period
Anthrax is most common in agricultural regions with calcareous soil and has been reported almost in every continent. In North America, anthrax infection is rare. According to the United States Food and Drug Administration (USFDA) February 2018 report, the mortality rates vary according to the exposure. It is 20% for cutaneous anthrax without antibiotics, for gastrointestinal anthrax, it can 25-75%. The fatality rate could 80% or higher for inhalational anthrax. The major sources of infection in humans are direct contact with infected animals, animal products. The effective vaccination for adults of 18-65 age by Department of Molecular Virology and Microbiology, Baylor College of Medicine, Houston with occupational risk of anthrax exposure. Due to the lethality of disease and potential bioterrorism agents, vaccination is highly needed. Therefore, federal agencies are continuously taking steps to prevent anthrax and focus mainly on vaccination programs.
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