Global Foot and Mouth Disease Vaccines Market Witnesses High Demand from Asia Pacific,Says MRRSE

Albany, New York: Market Research Reports Search Engine (MRRSE) announces the addition of a new report, titled “Foot and Mouth Disease Vaccines Market (Types- Conventional (Aluminum Hydroxide/Saponin and Oil Based Vaccines) and Emergency Vaccines; Application- Cattle, Pigs, Sheep and Goat and Others - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, to its repository. The report provides insights into the growth drivers and restraints impacting the global foot and mouth disease (FMD) vaccines market.

Based on an in-depth survey, the report pegs the value of the global FMD market at US$0.5 bn in 2013. Rising at a robust CAGR of 8.80% between 2014 and 2020, the market is anticipated to reach US$0.9 bn by 2020. The market is driven by frequent outbreaks of foot and mouth diseases in livestock, particularly in the emerging economies of Asia Pacific and the Middle East. To prevent such crises, governments across emerging nations have adopted several initiatives to eradicate the outbreak. The meat and dairy industries are subsequently benefiting from these initiatives and investments focusing on R&D of more effective FMD vaccines.

Browse Full Global Foot and Mouth Disease Vaccines Market Report with TOC: http://www.mrrse.com/foot-mouth-disease-vaccines

Government-led initiatives to eradicate foot and mouth disease outbreaks in livestock are intended to create awareness about FMD and the importance of routine vaccination of livestock. Such initiatives have proven to be extremely beneficial for the global FMD vaccines market, since they boost the overall vaccine sales. However, on the flip side, government involvement in the purchase of FMD vaccines has led to a dip in costs of the same, which may have an adverse impact on the overall operations of the global foot and mouth disease vaccines market.

FMD is caused by a virus that belongs to the Picornaviridae family. It is mainly caused by seven types of serotypes. The FMD vaccines currently available in the market are suitable only for specific serotypes. An undetected serotype outbreak could, therefore, hinder the growth of the global FMD vaccines market, states the report. Hence, the dairy and meat industries are increasingly investing in R&D efforts to ensure diagnosis of any possible outbreak at an early stage. Such initiatives are significantly aiding the growth of the global foot and mouth disease vaccines market.

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To present a holistic overview of the global FMD vaccines market, the report segments it on the basis of application, region, and type of vaccine. On the basis of type of vaccine, oil-based vaccine, which is a sub-category of conventional vaccines, held over 63% of the overall market. In terms of application, the report segments the global FMD vaccines market into sheep and goats, cattle, pigs, and others.

To study the vendor landscape of the market, the report profiles companies such as Biogenesis Bagó, Agrovet Co., Indian Immunologicals Ltd., Brilliant Bio Pharma Limited, Inova Biotechnologia, Merial, Bayer AG, Intervac (Pvt.) Ltd., and Merck Animal Health (MSD).

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This release was published on openPR.