Press release
Why the Foot and Mouth Disease (FMD) Vaccine Market is set to explode? Top Companies: Godrej Agrovet Limited, Boehringer Ingelheim International GmbH, Biogenesis, Limor de Colombia and more
The global foot and mouth disease vaccine market size is set for rapid expansion as there has been an increasing number of livestock around the world. Moreover, globalization has aided growth of trade in meat and meat products which has made zoonotic diseases even more widespread than before.
Browse Complete Report Details at
https://www.fortunebusinessinsights.com/industry-reports/foot-and-mouth-disease-fmd-vaccine-market-101241
Some of the leading companies that are operating in the Global Foot and Mouth Disease (FMD) Vaccine Market
• Godrej Agrovet Limited
• Boehringer Ingelheim International GmbH
• Biogenesis
• Limor de Colombia
• Indian Immunologicals Limited and other players.
Fortune Business Insights shares instructive perspectives in its report, titled “Foot and Mouth Disease (FMD) Vaccine Market Size, Share and Global Trend By Animal (Bovine, Ovine, Caprine, Porcine), By Vaccine (Conventional Vaccines, Emergency Vaccines, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Geography Forecast till 2026”.
The report incorporates a detailed analysis of the emerging trends, promising regions, influential factors and drivers, and business opportunities that will characterize the global foot and mouth disease vaccine market till 2026.
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Foot and Mouth Disease (FMD) is an extremely contagious and severe viral disease that affects livestock, mainly cattle, goats, swine, and sheep. The disease can affect the economy adversely as it critically diminishes production capacity of livestock and leaves the animals weakened after they recover. FMD-infected animals display symptoms in the form of blisters and sores on the teats, in the mouth, in the hooves and on the tongue and lips, and fever. Traditional breeds are less susceptible to the disease than intensively reared ones. Mortality is low among adult animals and high in young ones due to myocarditis.
Major Segmentation:
By Animal
• Bovine
• Ovine
• Caprine
• Porcine
• Others
By Vaccine
• Conventional Vaccines
• Emergency Vaccines
• Others
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies Online Pharmacies
• By Route of administration
By Geography
Increasing Livestock Population to Fuel Market Growth
The global foot and mouth disease vaccine market is expected to gain from the rapidly rising livestock population, according to the Fortune Business Insights report. Diseases such as the FMD can potentially infect a large number of people in a very short time as the interaction and exchange between people and animals becomes more frequent and unrestricted. The Food and Agriculture Organization (FAO) of the UN estimates that the demand for meat in low and middle income countries will increase by about 80% by 2030 and will reach close to 200% by 2050. Greater livestock breeding will up the demand for better animal healthcare which will significantly augment the global foot and mouth disease vaccine market in the near future. More importantly, preventing the spread of FMD is seen as important from an economic point of view as the disease can have disastrous economic consequences. For example, outbreak of the FMD in the UK in 2001 cost their economy around USD 14 billion.
Asia-Pacific to Register Decent CAGR; North America to Lead the Pack
Among regions, North America, followed by Europe, is anticipated to have the largest stake in the global foot and mouth disease vaccine market share in the forecast period. In Asia-Pacific, increasing public and private investment in FMD vaccine research and rising livestock numbers are expected to be the key factors driving the global foot and mouth disease vaccine market revenue in the region. Africa, the Middle East, and Latin America are seen to be emerging regions possessing vast growth potential for the market for FMD.
Growing Attention to Research to Energize Competition
Key players in the global foot and mouth disease vaccine market are paying increasing attention to research in FMD vaccines; some are even going beyond their territorial boundaries to establish themselves as global player. For instance, in 2017, Argentina-based Biogenesis Bagó opened a research laboratory in China and began producing and marketing FMD vaccines for pigs and cattle.
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