Global Foot and Mouth Disease (FMD) Vaccine Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Foot-and-mouth Disease (FMD) Vaccine Market” is an upcoming market research report by MarketResearch.biz. Critical data and information on the global foot-and-mouth disease (FMD) vaccine market, such as details of key players, recent developments, competitive landscapes, revenue details, market growth opportunities, trends, drivers, and restraints are included in the report. The global foot-and-mouth disease (FMD) vaccine research report is segmented on the basis of technique, animal type, and regions/countries.
Foot-and-mouth disease (FMD) is a highly contagious viral disease that affects cloven-hoofed animals including pigs, cattle, goats, and sheep. Foot-and-mouth disease vaccines provide active acquired immunity to various ruminants to combat the effects of the foot-and-mouth disease. These vaccines can be classified as conventional vaccines and emergency vaccines. An outbreak of foot-and-mouth disease has the potential to cause heavy economic losses and hence vaccinations for this disease are of the utmost importance.
Increasing livestock populous and the demand for animal products are among some of the key factors that are fueling the global implementation of these vaccines. Zoonotic and livestock diseases have been rising over the past few years due to different factors such as rapid globalization and climatic transformations. Various initiatives by governments regarding safe healthcare practices for companion animals and livestock are also some of the factors that are contributing to market growth. Most of the developing and developed economies have stringent regulations for preventing the outbreak of different zoonotic diseases. The outbreak of zoonotic foot-and-mouth disease will have negative effects on the GDP of any country. Demand for animal products including eggs, milk, chicken, meat, and fabric products, over the past few years, has increased the risk of any contamination spreading. This, in turn, is expected to positively surge the growth of the global foot-and-mouth disease vaccine market. One of the key measures undertaken to reduce the loss of animals is vaccination. Governments and private animal business owners will incur substantial economic losses in the event that their animals become infected and need to be slaughtered. With no permanent cure or any other alternatives, the FMD vaccine is a crucial band-aid solution. In order to maintain a healthy livestock population, government organizations from around the globe have been paying close attention to adopting advanced vaccination & medication facilities, which is expected to create growth opportunities for key players in the market over the years to come.
Global Foot-and-mouth Disease (FMD) Vaccine Market Segment Analysis:
By Technique: The conventional vaccines segment accounts for the highest revenue share in the global foot-and-mouth disease vaccine market. This can be attributed to the increasing use of oil-based vaccines due to their higher efficacy levels and a longer period of effectiveness.
By Animal Type: The cattle segment is projected to continue to account for the majority revenue share over the foreseeable future. This can be attributed to FMD being the major contagious disease among cattle. It is a formidable threat to the world cattle population. And, has been a reason for huge economic losses in the past. Campaigns by animal health organizations regarding FMD are expected to further fuel the growth of this segment over the forecast period.
Global Foot-and-mouth Disease (FMD) Vaccine Market Regional Analysis:
The Asia Pacific market is projected to account for the highest revenue share over the next ten years. This can be attributed to the increase in animal populations in this region and the presence of key market players as well. In addition, the urgency of addressing the issue of foot-and-mouth disease successfully is driving market growth in the region.
Global Foot-and-mouth Disease (FMD) Vaccine Market Segmentation:
- Conventional Vaccines
- Aluminum Hydroxide/Saponin-based Vaccines
- Oil-based Vaccines
- Emergency Vaccines
By Animal Type:
- Sheep and goat
- Others (antelope, deer, bison, and camelids)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Godrej Agrovet
- Biogénesis Bago
- FGBI - Federal Centre for Animal Health
- Indian Immunologicals Limited
- Veterinary Serum and Vaccine Research Institute
- FMD Center
- Limor de Colombia
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