A recent report by
Transparency Market Research projects moderate growth within the
global foot and mouth disease (FMD) vaccines market through 2020. The
report, titled, Foot and Mouth Disease (FMD) Vaccines Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020, predicts that the FMD vaccines market will chart a CAGR of 8.8%
between 2014 and 2020. The FMD vaccines market approximated US$ 0.51
billion as of 2013 and will likely be worth US$ 0.95 billion by 2020,
the study finds. The growing frequency of FMD outbreaks has
necessitated the development of more effective vaccines to treat the
disease; this is especially seen in endemic countries. The disease
has been a gnawing concern for governments of several nations,
prompting them to allocate more funding to eradicate the foot and
mouth disease. The government’s role has helped raise levels of
awareness about the foot and mouth disease in general and about the
FMD vaccines available in particular, causing a higher demand for
routine FMD vaccination.
Browse the full Foot
and Mouth Disease Vaccines Market Report at
http://www.transparencymarketresearch.com/foot-mouth-disease-vaccines.html
Conversely, the
market does face restraints in the form of unpredictable outbreaks of
serotype. Governments are purchasing vaccines from private
manufacturers, which, to some extent, limits the expansion of the FMD
vaccines market.To study the market in detail, the report segments
the foot and mouth disease vaccines market by type as: Conventional
and emergency vaccines. The conventional FMD vaccines market has been
further sub-segmented as: Aluminum hydroxide/saponin, and oil-based
vaccines. The oil-based FMD vaccines segment held a 63% share in the
overall FMD vaccines market as of 2013 thanks to its efficacy in
treating the disease and its prolonged effect on different kinds of
animals such as cattle, goat and sheep, and pigs.
The report also
studies the market for FMD vaccines based on application types as:
Cattle, sheep and goats, pigs, and others. The cattle segment was
observed to be the largest application segment in the FMD vaccines
market in 2013. This is ascribed to the high number of cattle reared
worldwide, especially as the demand for milk and meat reaches
unprecedented levels. The demand for FMD vaccines for cattle will be
especially high in the Middle East-where pork consumption is
prohibited. From the global standpoint as well, the cattle segment
will exhibit the highest CAGR through the forecast period of this
report.The four regions of North America, Asia Pacific, Europe, and
Rest of the World have been studied comprehensively to offer a
narrower overview of the regional market dynamics.
Browse the full
Press Release Report :
http://www.transparencymarketresearch.com/pressrelease/foot-mouth-disease-vaccines.htm
The findings of the
report state that in 2013, the Asia Pacific region made up a whopping
70% share of the global FMD vaccines market. A high number of FMD
endemic countries are present in this region, and outbreaks of FMD
are still frequent here. Governments have been actively involved in
the eradication of FMD diseases from their respective countries.
Australia and New Zealand are exceptions to this because though they
lie within the APAC region, the FMD disease is virtually non-existent
here. Western Europe and North America are other geographical zones
that are free of the FMD disease, which indicates practically no
scope for the growth of the FMD disease market here.
The TMR report
profiles FMD vaccine industry players such as Bayer AG, Agrovet Co.,
Brilliant Bio Pharma Limited, Biogenesis Bagó, and Indian
Immunologicals Ltd.
Request a Brochure
of this Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=2480
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