Transparency Market
Research has released a new report on the global foot and mouth
disease (FMD) vaccines market, which forecasts the growth of the
overall FMD vaccines market at a CAGR of 8.8% during the period from
2014 to 2020. The FMD vaccines market was valued at US$0.51 billion
in 2013. Due to the increasing frequency of FMD outbreaks, the report
projects that the market will reach a worth of US$0.95 billion by the
end of 2020. The report is titled ‘Foot and Mouth Disease Vaccines
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 – 2020’.
Browse the full Foot
and Mouth Disease Vaccines Market Report at
http://www.transparencymarketresearch.com/foot-mouth-disease-vaccines.html
Caused by
Aphthovirus, FMD is highly infectious viral disease which affects
cloven-hoofed animals and leads to high mortality rate among the
young stock such as lambs and piglets. The high prevalence of FMD
across the globe affects the international trade in livestock
products. The report provides an overview of the overall global FMD
vaccines market and evaluates the growth drivers and restraints.
Favorable government initiatives to control FMD outbreaks have
boosted the growth of the global FMD vaccines market. Also, rising
consumption of meat and dairy products demands healthy livestock,
which has further fuelled the need for FMD vaccines. The report
mentions that the involvement by various governments in purchasing
FMD vaccines will lead to the dip in cost which will negatively
affect the global FMD vaccines market in terms of revenue. FMD is
caused by seven different types of serotype and the current vaccines
are serotype-specific. Unpredictable serotype outbreaks can hamper
the growth of the global FMD vaccines market. The report indicates
that DNA vaccines will open new opportunities for the market during
the forecast period.
Depending upon the
type of vaccines, the report segments the global FMD vaccines market
into conventional vaccines and emergency vaccines. The conventional
vaccines have been further categorized into aluminum hydroxide or
Saponin based vaccines, and oil-based vaccines. In 2013, oil-based
FMD vaccines dominated the global FMD vaccines market with a market
share of 63%, owing to its high efficiency and longer effect in
treating the disease.
On the basis of
application on the livestock, the global FMD vaccines market has been
divided into cattle, pigs, sheep and goats, and others. To meet the
increasing demand for milk and meat, cattle are reared the most
across the globe, owing to which it has emerged as the largest
application segment of the global FMD vaccines market. In
Middle-east, as pork consumption is prohibited, the cattle segments
contribute significantly to the FMD vaccines market of the region.
The report predicts that the cattle segment will exhibit the fastest
growth during the forecast horizon.
Browse the full
Press Release Report:
Geographically, the
global FMD vaccines market has been segmented into four key regions:
Europe, North America, Asia Pacific, and Rest of the World. As the
disease is non-existent in North America and Europe, the scope of the
growth of the vaccines market in these regions is negligible. Due to
frequent outbreaks of FMD in Asia Pacific region, the global FMD
vaccines market has been dominated by this region with more than 70%
share. The report documents the market revenue in China, India,
Malaysia, South Korea, and rest of APAC during the forecast period.
The report profiles some of the key vendors of the global FMD
vaccines market such as Indian Immunologicals Ltd., Bayer AG, Agrovet
Co., and Brilliant Bio Pharma Ltd.
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of this Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=2480
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Transparency Market
Research (TMR) is a global market intelligence company providing
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