Foot and Mouth Disease Vaccine Market Grow with Highest CAGR of a 9.4% by 2026, Finds Coherent Market Insights
SEATTLE, April 08, 2021, (PHARMIWEB) — Global Foot & Mouth Disease Vaccines Market
Foot and Mouth Disease (FMD) is an infectious disease commonly found in domestic animals caused due to the viral strain, called Aphtovirus, of the picornaviridae family. It majorly affects the cloven-hooved livestock, such as cattle, goat, sheep, swine, and other animals. It can spread through both direct and indirect modes. The FMD leads to high morbidity in animals and causes significant economic loss due to the decreased milk production, permanent hoof damage, and chronic mastitis.
Although adult animals can recover from the disease, the mortality rate is high among young animals, as their immunity is not well-developed, due to which the FMD vaccination is highly essential. The disease is generally characterized by acute fever and a blistery, sore tongue, lips, and oral cavity. The foot and mouth disease is best preventable by vaccinating the livestock.
To learn more about this report, request a sample copy*
* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/1945
In total, there are seven strains (A, O, C, SAT1, SAT2, SAT3, and Asia1) of virus that affect the animals, and the symptoms produced are similar in each strain and can be distinguished only through laboratory tests. Various regions around world are affected by different set of viral strain therefore each strain requires specific vaccine to prevent the infection. Inactivated vaccines are available to prevent animals from being infected by FMD.
The global foot and mouth disease market was evaluated at US$ 1,567 million in 2017, and is expected to witness a magnificent CAGR of 9.4% over the forecast period (2018-2026).
Figure 1. Global FMD Vaccines Market Value (US$ Mn), by Region, 2017
Source: Coherent Market Insights (2018)
Repetitive outbreak of FMD in animals negatively affecting the economy is driving the global market growth
Foot and Mouth Disease (FMD) causes repetitive outbreak around world, thereby causing severe economic and social damage. Preventing the foot and mouth disease is the only sustainable and viable options, which can be done only though the vaccination for FMD, which is expected to drive growth of the foot and mouth disease vaccine market. According to paper published by the Food and Agricultural Organization (FAO) and World Organization for Animal Health (OIE), in 2012, foot and mouth disease accounted for annual loss of US$ 5 billion worldwide.
The FMB outbreaks are said to affect the food industry as they negatively impact the export of milk, meat, and other animal products due to the serious viral infection. 23 countries from Africa, Asia Pacific, Europe and Middle East reported outbreak of the FMD to the World Organization for Animal Health (OIE) in 2015 – 16. In India, annual loss of more than US$ 85 billion is reported each year due to FMD outbreak, which is negatively affecting dairy sector GDP of India.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/high-prevalence-of-foot-and-mouth-disease-and-economic-loss-from-it-to-propel-growth-of-the-foot-and-mouth-disease-vaccine-market-beyond-us-25-billion-by-2026-1012
Although the FMD is eradicated from North America and Western Europe, various economies of Asia Pacific, Africa and Latin America have witnessed a high incidence rate of the epidemic in the recent past, which is propelling the demand for vaccines against FMD in these regions. Various economies such as China, India, Brazil, Thailand etc. are at high risk of FMD outbreak, according to Monthly Report- Foot and Mouth Disease Situation by Food and Agricultural Organization published in February 2018.
However, vaccination against FMD may not prove to be effective by the antigenic diversity of the virus, the short-lived nature of protective immunity developed after vaccination and the temperature sensitivity that alters stability of FMD vaccines, which may restrain growth of the global FMD vaccines market.
Figure 2. Revenue Share by Animal Type in FMD Vaccine market, 2017
Source: Coherent Market Insights (2018)
Increasing animal headcount worldwide is expected to fuel market growth
High animal density and expanding population of livestock animal is expected to be major impetus for the growth of FMD vaccine market. According to the U.S. Department of Agriculture data in 2017, India has cattle in number around 300 million, followed by Brazil and China. As per the factsheet presented by the United Nations Food and Agriculture Organization (UN-FAO), there exists close to one billion headcount of swine in the entire world. China has the highest headcount of swine, numbering 455 million. Infected animals can transmit infection to other animals if their movement is not restricted. Vaccination of animals for FMD prevents future risks and creates sustainable growth for animal population worldwide especially in a region, which are prone to FMD outbreak.
Access research reports that are tailored specifically for you and your organization in order to explore practical growth strategies and recommendations
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/1945
The key players operating in the global foot and mouth disease vaccines market include Indian Immunologicals Ltd., Agrovet, MSD Animal Health, Vallee SA, Bayer HealthCare, Brilliant Bio Pharma Ltd., Intervet, Biovet, Merial, China Animal Husbandry Co., Ltd., Biogénesis-Bagó S.A, Vetal Animal Health Products S.A.VETAL Animal Health Products, and Vecol S.A.
Table of Contents
- Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Market Definition and Scope
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Report Description
- Executive Summary
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- New Product Launches
- Mergers and Acquisitions
- Regulatory Scenario
- Testimonials from Industry Expert
- PEST Analysis
- Porters Five Forces model
- Government Initiative
- Epidemiology
- Market Dynamics
- Global Foot and Mouth Disease Vaccine Market, By Vaccine Type,2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- Conventional Vaccine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Aluminum Hydroxide Based vaccine
- Oil based vaccine
- Emergency Vaccine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Foot and Mouth Disease Vaccine Market , By Animal Type, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- Cattle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Sheep and Goat
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Swine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Foot and Mouth Disease Vaccine Market , By Region, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 – 2026
- North America
- Market Size and Forecast, By Vaccine Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Animal Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Vaccine Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Animal Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Vaccine Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Animal Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Vaccine Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Animal Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Vaccine Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Animal Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Vaccine Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Animal Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
Editor Details
-
Company:
- CDN Newswire
