Competitive Strength of the Key Leading Players in Foot and Mouth Disease Vaccines Market to Post a CAGR of 7.4% by 2023, Key Vendors: AGROVET CO, EMPRESA COLOMBIANA DE PRODUCTOS VETERINARIOS S.A. VECOL S.A., INDIAN IMMUNOLOGICALS

The global Foot and Mouth Disease (FMD) Vaccines is expected to register a growth rate of nearly 7.4% during the forecast period, 2018-2023. Foot and mouth disease occurs in the livestock animal population and poses a serious threat around the world. Increasing demand for animal products, and rising zoonotic diseases coupled with growing livestock are the major factors boosting market growth.

Get Sample Copy of this report @ https://marketprognosis.com/sample-request/17143

Increasing Zoonotic Diseases
Zoonosis are the infectious diseases that can be transmitted between human beings and animals. Adverse climatic transformations, and rapid globalization are the major factors increasing the cases of livestock and zoonotic diseases over the past decades. According to the World Health Organization (WHO), Asian and African regions reported 55,000 people dying with rabies. In addition, WHO states that the countries located around the Mediterranean Sea reported 50,000 cases of human brucellosis in the year 2003. Thus pertaining to the increasing burden of zoonotic diseases coupled with the associated financial burden, the governments are taking various initiatives to mandate safe healthcare practices for livestock and companion animals breeding. Hence, the aforementioned factors are expected to boost the market growth.

Key Developments in the Market
• June 2018 - Authorities at Chandigarh Zoo is to vaccinate more than 100 animals for foot-and-mouth disease at the Mahendra Chaudhary Zoological Park, popularly known as Chhatbir Zoo, and will conduct vaccination of over 100 animals in the coming months.
• May 2018 - Scientists at the National Agricultural Research Organization have identified a new strain of a FMD virus: a Southern African Territory 3 (SAT 3), which attacks livestock and causes lesions in mouth and sore feet and subsequently inhibits the animals’ abilities to eat or move.

Major Players –
AGROVET CO, BIOGu00c9NESIS BAGu00d3, EMPRESA COLOMBIANA DE PRODUCTOS VETERINARIOS S.A. VECOL S.A., INDIAN IMMUNOLOGICALS LIMITED, LIMOR DE COLOMBIA, AND MERIAL S. A. S., amongst others.

Enquiry Before Buying @ https://marketprognosis.com/enquiry/17143

Rising Government Intervention
Rising government interventions in the FMD vaccines is expected to hamper the growth of the market. Some of the governments purchase the FMD vaccines in bulk from the manufacturers and supplies to various farms, vet clinics and animal husbandries at a subsidized rate. These low rates hamper the significant profit of the manufacturers. For instance Indian government institutions such as FMDCP, ASCAD, and others manufacture and supply FMD vaccines to livestock owners. Thus the rising government intervention in FMD vaccines restrain the growth of the market.

Asia-Pacific Region to Dominate the Market
Asia-Pacific region captures largest market share owing to the presence of countries having larger livestock population and presence of major players in the region. The East-
Asian region experienced a major FMD outbreak in 2000 and 2010 owing to intensive farming system and naive susceptible animal population. Many such cases and the pertaining risks associated with the presence of large livestock population are expected to propel market growth. In addition, the market growth is expected to be driven by increasing R&D investment and constant efforts of market players to commercialize veterinary vaccines. However, the urgent need to control high incidence of this disease is expected to boost the market growth in the region.

Browse Report @ https://marketprognosis.com/report/global-foot-and-mouth-disease-%28fmd%29-vaccines-market---segmented-by-vaccine-type,-by-animal-type-and-geography---growth,-trends,-and-forecast-%282018---2023%29/pr-17143

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.