Global Foot And Mouth Disease (FMD) Vaccine Market is
expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc. Increase in
incidence of FMD and their socioeconomic impact over international trade of
animal products are propelling the demand for FMD vaccines. In addition,
effectiveness for lower time period propels repeat purchase of vaccines.
This market is
highly competitive and various government entities intervene for bulk purchase
of vaccines. There has been a dynamic growth in the global livestock population
over the past few decades. In developing countries, the demand for livestock
products is increasing owing to which concern for healthy livestock population
is increasing.Rising demand for animal products has revolutionized the global
livestock production. In addition, factors such as change in food preferences
owing to changing lifestyle coupled with growing population are anticipated to
boost the demand for livestock products.
Increased adoption
of oil-based vaccines owing to their higher efficacy is expected to contribute
to the largest share of conventional vaccines. Available conventional vaccines
are effective in the prevention of clinical diseases; however, they offer
protection for a shorter duration. Hence, as a prophylactic measure, frequent
vaccination becomes necessary.
Full Research Report on Global Foot and Mouth Disease
(FMD) Vaccine Market Analysis:
Further Key Findings from the Report:
- Conventional vaccines emerged as the
largest segment because of increasing approvals of vaccines and higher
efficacy
- The cattle segment accounted for the
largest share in the animal type segment owing to increase in domestic
livestock population and number of outbreaks
- Sheep and Goat segment is expected to
grow at the fastest rate over the forecast period owing to rising
incidence of FMD infection in sheep population and the need for reducing
slaughter of infected animals.
- Asia Pacific dominated the market with
the largest share in 2016. Rise in incidence of FMD and increase in demand
for livestock products are facilitating dominance of the region during the
forecast period.
- Key players including Agrovet Co.;
Biogénesis Bago; Empresa Colombiana de Productos Veterinarios S.A. Vecol
S.A.; FGBI - Federal Centre for Animal Health ; Indian Immunologicals
Limited ; Merial (France); Veterinary Serum and Vaccine Research
Institute; FMD Center; and Limor de Colombia are leading the global FMD
vaccine market.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the Global Foot And
Mouth Disease Vaccine Market based on technique, animal type, and region:
Technique Outlook (Revenue, USD Million, 2014 - 2025)
- Conventional vaccines
- Aluminum hydroxide/Saponin-based
vaccines
- Oil-based vaccines
- Emergency vaccines
Animal Type Outlook (Revenue, USD Million, 2014 - 2025)
- Cattle
- Sheep and Goat
- Pigs
- Others (antelope, deer, bison, camelids)
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- India
- China
- Japan
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Nigeria
- Saudi Arabia
View press release of this research report by Grand View
Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com