New York, NY -- (SBWIRE) -- 01/28/2021 -- Foot and mouth disease, also known as Hoof and mouth disease is a fatal and high contagious viral disease that infect animals including cows, goat, sheep, pig, deer, bison and gazelles. Picornavirus belonging to the Picornaviridae family is the causative agent for foot and mouth disease. To reduce animal losses, vaccination is one of the essential measures undertaken by the stockholders. The global market for Foot and Mouth Disease (FMD) vaccine is estimated to rise from USD 1.74 billion in 2019 to USD 3.49 billion in 2027, with a CAGR of 8% through the forecast period.
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Leading Players Profiled in the Report Include:
Agrovet
Biogénesis Bago
Empresa Colombiana de Productos Veterinarios S.A. Vecol S.A
FGBI - Federal Centre for Animal Health, Indian Immunologicals Limited
Merial
Veterinary Serum and Vaccine Research Institute
FMD Center and Limor de Colombia
Market Drivers:
The increasing livestock and zoonotic diseases across the globe due to adverse climatic changes along with rapid globalization and the efforts taken by the government to follow mandatory safe healthcare protocols for livestock are some of the key factors driving the market growth. Leading players investing in the market and huge support from private and public sectors for technological advances and R&D are expected to boost the growth of the FMD vaccine market.
Regional Analysis:
In 2019, the North American region held dominance over the global market of foot and mouth disease vaccines, followed by Europe. Asia Pacific is predicted to expand at a comparatively higher CAGR during the projected period owing to the increase in the number of animals, constantly rising investments in research and development, and continuous efforts taken by key players to commercialize vaccines used in veterinary.
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Market has been divided by Product as:
Conventional Vaccines
Emergency Vaccines
Market has been divided by application as:
Cattle
Sheep
Goats
Pigs
Antelope
Deers
Bison
Gazelles
Camelids
Market segment by Region/Country include:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Key Points of the Report:
Market Overview: This section of the report offers actionable insights into the global Foot and Mouth Disease Vaccine market, encompassing the historical and future timelines, key dynamics, latest market trends, growth trajectories, and the future market scope. It highlights the principal market segments, including the main product types, application gamut, end-user industries, and regional spectrum.
Executive Summary: In this section of the report, a comprehensive assessment of the competitive landscape of the market, regional mapping, CAGR, and various crucial parameters like key market drivers, restraints, trends, challenges, and growth prospects.
COVID-19 Impact Analysis: The report closely analyzes the impact of the COVID-19 pandemic on numerous aspects of the Foot and Mouth Disease Vaccine industry, such as production capacity, consumption rate, import-export status, demand & supply ratio, and the estimated revenue generation of each regional segment.
Competitive Landscape: This segment of the report systematically profiles the leading companies functioning in the Foot and Mouth Disease Vaccine industry. Moreover, the report emphasizes the global market value & volume, product portfolios, production capacity, and other vital aspects of these companies.
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Highlights of the TOC:
Report Overview
1.1 Research Scope
1.2 Key Foot and Mouth Disease Vaccine market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Foot and Mouth Disease Vaccine market size
2.2 Latest Foot and Mouth Disease Vaccine market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Foot and Mouth Disease Vaccine market key players
3.2 Global Foot and Mouth Disease Vaccine size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Foot and Mouth Disease Vaccine market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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