Foot And Mouth Disease (FMD) Vaccines Market By Vaccine Type (Conventional Vaccines, Emergency Vaccines), By Animal Type (Cattle, Sheep & Goat, Swine, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The global foot and mouth disease (FMD) vaccines market to reach US$ 2,935.1 Mn in 2026 and projected to exhibit a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2018 to 2026. FMD is highly contagious viral disease and sometimes fatal affecting cloven hoofed animals that includes domestic and wild bovids. Control and prevention of FMD needs vaccination, continuous monitoring, trade restrictions and isolations, or elimination of millions of animals to prevent the spread of the disease. The World Organization of Animal Health (OIE) classifies countries with the following stages with regards to FMD such as FMD present with or without vaccination, FMD free without vaccination and FMD free with vaccination. Countries classified as FMD-free without vaccination have the highest export for animal derived components; therefore these countries strive hard for maintain their current status by preventing the FMD viruses. Favorable government initiatives to prevent and restrict the FMD outbreaks have boosted the demand for FMD vaccines market. High prevalence of foot and mouth diseases in developing countries in Asia Pacific and Latin America are also assisting the steady growth of FMD vaccines market. Asia Pacific held the largest share in the global FMD vaccines market owing to the large number of cattle and dairy animals in developing countries such as India, Bangladesh, China, Hong Kong and Pakistan which as susceptible to FMD endemics. The FMD vaccines market consists of large number of local players operating in the market. Moreover, government subsidies and funding for vaccines production and consumptions have restricted the entry of large pharmaceutical companies to venture in the market.

Market Synopsis

Foot And Mouth Disease (FMD) Vaccines Market

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Growing Demand for Oil-based Vaccines to Drive the Market

In 2017, conventional vaccines held the largest share in the global FMD vaccines market in terms of vaccine type. The rise in preventive vaccination programs in FMD endemic prone areas and developed countries such as U.S., Canada, and U.K. will continue to boost the market for conventional vaccines market during the forecast period. Conventional vaccines are further segmented in to aluminum hydroxide/saponin based vaccines and oil-based vaccines. The oil-based vaccines are anticipated to grow at the fastest rate during the forecast period from 2018 to 2026 owing to advantages associated with oil-based FMD such as initiation of high titers and longer antibody responses resulting in better protection. Emergency vaccines are also expected to grow at a steady rate during the forecast period owing to the growing cases of FMD in the developing region.

Foot And Mouth Disease (FMD) Vaccines Market

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Asia Pacific to Lead the Foot and Mouth Disease Vaccines Market

In 2017, Asia Pacific held the largest share in the global FMD vaccines market owing to the presence of developing nations with high headcount of cattle, pigs and sheep those are susceptible for FMD viruses. Agriculture and dairy industry is one of the prime industries in countries such as India, China, Bangladesh, and Pakistan; hence, regular vaccination drives are conducted by government to prevent outbreak of FMD that would affect the dairy and agriculture industries. According to OIE the direct and indirect losses associated with FMD is approximately US$ 5 billion globally. The impact of FMD has led to the successful campaigns of disease eradication in developed regions in North America and Europe. Minimum cases of FMD in have been recorded in these regions, hence; FMD vaccines market will exhibit sluggish growth rate in the North America and Europe compared to other regions in the market.

Foot And Mouth Disease (FMD) Vaccines Market

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Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Foot And Mouth Disease (FMD) Vaccines Market

Report Scope by Segments

Foot and mouth disease vaccines market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on vaccine type, animal type and geography.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Vaccine Type (2016–2026; US$ Mn)
 • Conventional Vaccines
 • Aluminum Hydroxide/Saponin based Vaccines
 • Oil-based Vaccines
 • Emergency Vaccines

 By Animal Type (2016–2026; US$ Mn)
 • Cattle
 • Pigs
 • Sheep and Goats
 • Others (Deer, Antelope, Gazelle)

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Market is studied in order to understand the current and future market trends in the foot and mouth disease vaccines market. The market is estimated by providing the compounded annual growth rate (CAGR) and data forecast from 2018 to 2026. Strategic merger, acquisition and collaboration among the key players for developing innovative product pipeline mentioned in the business strategy section. The key players currently engaged in the foot and mouth disease market are Merck Animal Health, Brilliant Bio Pharma Ltd., Agrovet Co., Indian Immunologics Limited, Merial S.A.S, Inova Biotecnologia, Intervac (Pvt). Ltd among others.

Key questions answered in this report

  • How the global foot and mouth disease vaccines market will perform during the forecast period from 2018 to 2026?
  • What are the latest trends in the foot and mouth disease vaccines market and valuable opportunities for key players?
  • Who are the leading players in the global foot and mouth disease vaccines market?
  • Which is the leading/and fastest region in the global foot and mouth disease vaccines market?
  • Currently, what are the reimbursement scenario and regulatory structure for the foot and mouth disease vaccines?
  • What are drivers and restrains governing the global foot and mouth disease vaccines market?
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Published Date:  Aug 2018
Category:  Pharmaceuticals
Report ID:   59281
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
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