A recent report published by Infinium Global Research on foot and mouth disease vaccines market provides in-depth analysis of segments and sub-segments in the global as well as regional foot and mouth disease vaccines market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional foot and mouth disease vaccines market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global foot and mouth disease vaccines market. According to the report, the global foot and mouth disease vaccines market is projected to grow at a CAGR of 8.9% over the forecast period of 2019-2025.
Foot and mouth disease (FMD) is a severe and immensely contagious disease generally seen among cattle, deer’s, goats, sheep, swine another cloven-hoofed domestic as well as wild animal species. Symptoms of FMD include blisters similar to sores on the mouth, lips, tongues, teeth as well as between the hooves, depression, fever, foot lesions followed by severe lameness and reluctance to move, loss of appetite, and, reduction in milk production. Mixed breeds are more susceptible to FMD than traditional breeds. Though fatality among adult animals is less, younger ones have high mortality. Infected animals release the virus through feces and other bodily secretions. As it is a viral disease, it can spread faster among animals and economically affect countries
The increasing demand for live stocks products across the world, especially in emerging and developing countries is driving the global FMD vaccines market. Moreover, the matured economies depend on various countries for meat products. To meet the demand, the production of live stocks is increasing multifold. To meet the stringent import regulations and to prevent FMD outbreaks, various countries and vendors promote FMD vaccinations for live stocks. In countries with regular FMD endemics, conventional FMD vaccines are gaining more demand as they are used as long-term preventive medicine when compared to emergency medicines, which are used to control sudden FMD outbreak. The increasing demand for conventional FMD vaccines is expected to enhance the growth of the global FMD vaccines market during the forecast period. The fluctuating serotype FMD outbreaks are expected to restrain the growth of the market, as it requisites large investment and effort to produce vaccines at short notice to counter such viruses. The increased investments in Research and Development is yielding advanced vaccines for FMD and it is expected to provide opportunities for the major players to expand in regions with frequent FMD endemics
Asia-Pacific region dominates the global FMD vaccines market, due to the frequent FMD endemics in the region. The FMD outbreaks in the recent past are likely to drive the growth of demand for FMD vaccines in the Asia Pacific over the coming years. Furthermore, North America and Europe hold significant shares in Foot and mouth disease (FMD) market. The preventive programs for FMD outbreaks in the U.S. to aid the booming meat exports industry are anticipated to drive the North American FMD vaccines market over the forecast period.
The report on global foot and mouth disease vaccines market covers segments such as product and application. On the basis of product, the sub-markets include conventional, and emergency. On the basis of application, the sub-markets include cattle, goat, pigs, sheep, and others.
The report provides profiles of the companies in the market such as Intervet Inc., Vallée S.A., Godrej Agrovet Limited, Indian Immunologicals Limited., Laboratorios Bagó S.A, Bayer AG, Morphosys AG, Brilliant Bio Pharma Private Limited, Botswana Vaccine Institute, Boehringer Ingelheim International GmbH., and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of foot and mouth disease vaccines market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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