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Allied Market Research

Foot and Mouth Disease (FMD) Vaccine Market: Global Opportunity Analysis and Industry Forecast, 2019–2027

A11195
Pages: NA
Jul 2021 | 87 Views
 
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
 

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Foot and Mouth Disease Vaccine Market Outlook:

Foot and mouth disease (FMD) is a severe, extremely contagious viral disease of the livestock that has a significant economic impact. It affects swine, cattle, sheep, goats, and other cloven-hoofed ruminants. Intensively reared animals are more liable to the disease than traditional breeds. It causes high mortality in young animals due to myocarditis or when infected by the disease or even lack of milk. FMD causes fever and blister-like sores on the tongue and lips, in the mouth, on the teats, and also between the hooves. The disease leads to severe production losses, and while the majority of affected animals recover, the disease often leaves them weakened and debilitated. The organism which causes FMD is an aphthovirus of the family Picornaviridae. There are about seven strains (A, O, C, SAT1, SAT2, SAT3, and Asia1), which are endemic in different countries worldwide. Each strain requires a specific vaccine to provide immunity to a vaccinated animal.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Technology, Animal Type and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Biogénesis Bago, Empresa Colombiana de Productos Veterinarios S.A. Vecol S.A., Indian Immunologicals Limited, Agrovet Co., FGBI - Federal Centre for Animal Health, Merial (France), FMD Center, Veterinary Serum and Vaccine Research Institute, and Limor de Colombia


COVID-19 scenario analysis:

The coronavirus pandemic has affected the industry negatively. The myth that animals can spread the virus to humans has surged the number of abandoned pets. Furthermore, COVID-19 has deteriorated the supply chain and has caused shortage of animal health products such as nutritional feed as well as vaccines globally. The animal health industry has been impacted largely as many manufacturers in animal health industry are experiencing reduced workforce. Also, stringent government policies such as restrictions of import and export of raw materials from China is expected to hamper the animal health market.

Healthcare facilities are providing the animal-related health products, considering the high demand. This is anticipated to further create financial strain on the market due to procurement inefficiencies and wasted speeding. Due to the pandemic situation, various hospitals and veterinary clinics are overstocking the products.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factor affecting the market includes the rise in the adoption of oil-based vaccines having higher efficiency is anticipated to grow in the coming years. The increase in demand for the animal products would help in the market propel in the forecast period. The surge in incidence of the Foot and Mouth Disease (FMD) would boost the industry in the next few years. However, the stringent regulations may hinder the market hinder in the near future.

New product advancements to flourish the market

In March 2019, AgResults announced that it is going to follow up the success of its ongoing brucellosis vaccine development competition with a project focused on developing a vaccine for foot-and-mouth disease (FMD).

In December 2019, the World Intellectual Property Organization (WIPO) published a patent application titled “Modified Picornavirus 3C Proteases and Methods Thereof” to Department of Homeland Security (DHS) Science and Technology Directorate (S&T) inventors Dr. John Neilan and Dr. Michael Puckette at the Plum Island Animal Disease Center (PIADC).  If these names sound familiar, you might have read about another recent breakthrough of theirs related to detection of African swine fever in pigs.

Surge in investments over R&D to boost the market

In July 2018, Boehringer Ingelheim announced an investment of more than 200 million euros into a new strategic production center for Veterinary Public Health. The company would establish the new site in the French Rhône-Alpes region, which is known as the European “vaccine valley”. With this investment, Boehringer Ingelheim’s Animal Health division will be able to respond to the growing global demand for foot-and-mouth disease and Bluetongue virus control.

Key segments covered:

Segments

Sub-segments

  Technique

  • Emergency vaccines
  • Conventional vaccines
  • Aluminum hydroxide/Saponin-based vaccines
  • Oil-based vaccines

  Animal Type

  • Pigs
  • Cattle
  • Sheep and Goat
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global Foot and Mouth Disease (FMD) Vaccine industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Foot and Mouth Disease (FMD) Vaccine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Foot and Mouth Disease (FMD) Vaccine Market research report:

  • Who are the leading market players active in the Foot and Mouth Disease (FMD) Vaccine market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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