Global Foot and Mouth Disease Vaccines Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 6.5% during forecast period.
Global Foot and Mouth Disease Vaccines Market Overview:
Foot and mouth disease is a highly contagious viral disease that affects cloven-hoofed animals (FMD). Cattle, pigs, goats, sheep, antelopes, deer, bison, gazelles, and camelids are among the mammals susceptible to FMD. The virus that causes this sickness is picornavirus, which belongs to the Picornaviridae family.
Global Foot and Mouth Disease Vaccines Market Dynamics:
Rising demand for animal products and growing number of animals are the major factors driving the market growth.
According to data from the United States Department of Agriculture, India has over 300 million cattle, followed by Brazil and China. According to a factsheet published by the United Nations Food and Agriculture Organization (UN-FAO), there are about one billion pigs on the planet. Due to reasons such as severe environmental changes and rapid globalisation, livestock and zoonotic diseases have increased in recent decades. Various government measures mandating safe healthcare practices for livestock and companion animals are some of the primary causes driving the veterinary vaccination business, with FMD vaccinations accounting for a considerable portion. The demand for animal products such as milk, meat, and cloth has increased, attracting significant investment into the business.
The FMD vaccine market is being driven by the high prevalence of FMD and its socio-economic impact on the international commerce of animal goods. The demand for FMD vaccines is also being fuelled by the booming meat processing industry and rising dairy product consumption. Furthermore, increased demand for high-quality, disease-free meat from animals is boosting the market growth. Furthermore, governments around the world are launching a number of public awareness campaigns to safeguard endangered wildlife species like bison and antelope against FMD.
The report has profiled sixteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Foot and Mouth Disease Vaccines Market Segment Analysis:
The Global Foot and Mouth Disease Vaccines Market is segmented on the basis of Vaccine Type and Animal Type.
Based on Vaccine Type, the Conventional Vaccines lead the global market in 2019 by accounting for the largest market share XX%. The dominance of the conventional vaccines category is being aided by the rising acceptance of oil-based vaccinations, which have a longer period of effectiveness and higher efficacy. While some traditional vaccines are successful in avoiding clinical illness, they provide protection for a shorter period of time. As a result, vaccination is required on a regular basis as a preventative strategy. The most potent strains of these vaccines are stored in regions that have successfully eradicated this illness, such as North America and Europe. These strains are kept on hand in case of an emergency in order to save diverse animal species.
Based on Animal Type, the cattle segment is expected to grow at a significant CAGR during the forecast period. The enormous population of cattle around the world, as well as cattle farming's supremacy as a primary source of revenue in many nations, are driving the rise of the livestock industry. The Food and Agriculture Organization (FAO) states that there are more than 1.4 billion cattle in the world, with India, Brazil, and China accounting for the majority of them. Due to the rising demand for better and healthier meat, there is an increasing awareness of cow illnesses and zoonosis. As a result, these variables should have a beneficial impact on the market in the next years.
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Global Foot and Mouth Disease Vaccines Market Regional Insights:
Global Foot and Mouth Disease Vaccines Market Regional Insights
North America is expected to dominate the global market during forecast period.
Due to the introduction of animal healthcare benefits across the region, the North American area is a big contributor to the foot and mouth disease vaccines market. The regional market is expected to grow fast as a result of the presence of improved animal healthcare programmes and increased knowledge about animal health.
Asia Pacific is anticipated to grow at a lucrative rate during forecast period.
Some of the few factors that are expected to contribute to the region's increased market share include the presence of countries with greater livestock populations and important market participants. Furthermore, the market is driven by the ongoing attempts to commercialize veterinary vaccines and enhance R&D spending. Furthermore, the market is likely to be propelled by the urgent need to reduce the disease's high prevalence over the forecast period.
The report also helps in understanding Global Foot and Mouth Disease Vaccines Market dynamics, structure by analyzing the market segments and project the Global Foot and Mouth Disease Vaccines Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Foot and Mouth Disease Vaccines Market make the report investor’s guide.
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Global Foot and Mouth Disease Vaccines Market
Global Foot and Mouth Disease Vaccines Market, By Region:
• North America
• Europe
• South America
• MEA
• APAC
Global Foot and Mouth Disease Vaccines Market, Key players:
• India Immunological Ltd.
• Merck Animal Health
• Brilliant Bio Pharma Ltd.
• Ceva Santé Animale
• Boehringer Ingelheim GmbH
• Biovet Private Limited
• Biovencer Healthcare Private Limited
• Vetal Animal Health Products S.A
• Biogenesis Bago SA
• Agrovet
• FGBI - Federal Centre for Animal Health
• Indian Immunologicals Limited
• Merial
• Veterinary Serum and Vaccine Research Institute
• FMD Center
• Limor de Colombia
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