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The global foot and mouth disease vaccines market was estimated at US$ 1,444.1 Mn in 2017 growing at a CAGR of 8.1% from 2018 to 2026.Market Insights
Foot and mouth disease (FMD) is an extremely infectious viral disease affecting cloven-hoofed animals and has potential for causing heavy economic losses. FMD is not a direct threat to human; however, lost trade opportunities and animal food insecurity for affected countries pose global burden on economy and barriers on human development. According to World Organization for Animal Health (OIE) and Food and Agriculture Organization of the United Nations (FAO), FMD is a major threat to the food security of the world, especially in the underdeveloped countries. However, many countries are FMD free with or without vaccination owing to the stringent control initiatives carried out by local governments, FAO and OIE aiming at the global eradication of FMD virus. Growing dairy industry globally is the major driver for the boost in the demand for FMD vaccines. High need for meat and dairy in the western countries and have enforced the government to undertake progressive control measures for dealing with the risk of FMD virus and related diseases. Moreover, development of DNA vaccines would further drive the market during the forecast period. Bulk buying of vaccines by governmental bodies in low prices to cater the growing demand in underdeveloped countries has negatively impacted the revenue generation, acting as the restrain to the growth of FMD vaccines market.
Browse the full report Foot and Mouth Disease (FMD) Vaccines Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/foot-and-mouth-disease-fmd-vaccines-market
Asia Pacific to Lead the Foot and Mouth Disease Vaccines Market
In 2017, Asia Pacific held the largest share in the global FMD vaccines market owing to the presence of developing nations with high headcount of cattle, pigs and sheep those are susceptible for FMD viruses. Agriculture and dairy industry is one of the prime industries in countries such as India, China, Bangladesh, and Pakistan; hence, regular vaccination drives are conducted by government to prevent outbreak of FMD that would affect the dairy and agriculture industries. According to OIE the direct and indirect losses associated with FMD is approximately US$ 5 billion globally. The impact of FMD has led to the successful campaigns of disease eradication in developed regions in North America and Europe. Minimum cases of FMD in have been recorded in these regions, hence; FMD vaccines market will exhibit sluggish growth rate in the North America and Europe compared to other regions in the market.
In terms of vaccine type, conventional vaccines held the largest share in the global FMD vaccines market. Oil-based vaccines are anticipated to exhibit highest growth rate owing to the advantages over aluminum hydroxide/saponin based vaccines. Initiation of higher titers and longer antibody response are some of the benefits of oil-based vaccines, driving its demand. In terms of animal type, cattle held the largest segment in the global FMD vaccines market owing to high animal density and increasing livestock. Moreover, FMD infection in cattle results in significant drop in milk yield, reduced wool and meat production, increased mortality in calves and poor reproduction affecting the dairy, meat and agricultural industry as a whole. Growing population of pigs and sheep will further drive the FMD vaccines globally.
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ToC:
Chapter 4. Global Foot and Mouth Disease Vaccines Market, by Vaccine Type, 2016-2026 (US$ Mn)
4.1. Overview
4.2. Conventional Vaccines
4.2.1. Aluminum Hydroxide/Saponin based Vaccines
4.2.2. Oil-based Vaccine
4.3. Emergency Vaccines
Chapter 5. Global Foot and Mouth Disease Vaccines Market, by Animal Type, 2016-2026 (US$ Mn)
5.1. Overview
5.2. Cattle
5.3. Sheep & Goat
5.4. Swine
5.5. Others (Deer, Antelope, Gazelle)
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Chapter 7. Company Profiles
7.1. India Immunological Ltd.
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Merck Animal Health
7.3. Brilliant Bio Pharma Ltd.
7.4. Agrovet Co.
7.5. Merial S.A.S
7.6. Inova Biotecnologia
7.7. Intervac (Pvt). Ltd.
7.8. China Animal Husbandry Co., Ltd.
7.9. Biogénesis-Bagó S.A.
7.10. Vetal Animal Health Products S.A.
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Browse the full report Foot and Mouth Disease (FMD) Vaccines Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/foot-and-mouth-disease-fmd-vaccines-market
List of figure:
FIG 1. Foot and Mouth Disease Vaccines Market: Research Methodology
FIG 2. Foot and Mouth Disease Vaccines: Market Segmentation
FIG 3. Global Foot and Mouth Disease Vaccines Market, by Vaccine Type, 2017 (US$ Mn)
FIG 4. Global Foot and Mouth Disease Vaccines Market, by Animal Type, 2017 (US$ Mn)
FIG 5. Global Foot and Mouth Disease Vaccines Market, by Geography, 2017 (US$ Mn)
FIG 6. Attractive Investment Proposition, by Geography, 2017
FIG 7. Competitive Analysis: Global Foot and Mouth Disease Vaccines Market, by Key Players, 2017
FIG 8. Global Aluminum Hydroxide/Saponin based Vaccines Market, 2016-2026 (US$ Mn)
FIG 9. Global Oil-based Vaccines Market, 2016-2026(US$ Mn)
FIG 10. Global Foot and Mouth Disease Vaccines Market for Cattle, 2016-2026 (US$ Mn)
FIG 11. Global Foot and Mouth Disease Vaccines Market for Sheep & Goat, 2016-2026(US$ Mn)
FIG 12. Global Foot and Mouth Disease Vaccines Market for Swine, 2016-2026 (US$ Mn)
FIG 13. Global Foot and Mouth Disease Vaccines Market for Other Animals, 2016-2026 (US$ Mn)
FIG 14. U.S. Foot and Mouth Disease Vaccines Market, 2016-2026 (US$ Mn)
FIG 15. Canada Foot and Mouth Disease Vaccines Market, 2016-2026 (US$ Mn)
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Browse the full report Foot and Mouth Disease (FMD) Vaccines Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/foot-and-mouth-disease-fmd-vaccines-market
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