Foot and Mouth Disease Vaccines Market: Overview
According to Transparency Market Research’s latest research report on the global foot and mouth disease vaccines market for the historical period (2018–2019) and the forecast period (2020–2030), increase in awareness about veterinary care is projected to drive the global foot and mouth disease vaccines market in the near future According to the report, the global foot and mouth disease vaccines market was valued at US$ 5.5 Bn in 2019 and is anticipated to expand at a CAGR of ~7% from 2020 to 2030
Increase in Awareness about Veterinary Care: Key Driver
Awareness about animal diseases, their symptoms, and medication are important for livestock owners. Several animal health awareness programs have been conducted to spread awareness among people. For instance, the Agriculture and Animal Health Awareness Programme was organized at Panchot GP-Gujarat, India, to raise awareness among people about animal healthcare and generate employment.
Rise in awareness about veterinary care enhances the level of control and care of animals. This, in turn, increases the number of animals. Moreover, changes in veterinary education in the last few decades placed more emphasis on animal welfare owing to greater awareness about animal healthcare.
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Government and private sector organizations are engaged in spreading awareness about the importance of animal care. For instance, the American Animal Hospital Association is a non-profit organization for companion animal veterinary hospitals. It is an accrediting body for small animal hospitals in the U.S. and Canada.
The One Health initiative has also increased awareness among the people. One Health is an integrative effort of multiple disciplines working locally, nationally, and globally to attain optimal health for people, animals, and the environment, and increase awareness, knowledge, and understanding between people. Rise in awareness about new healthcare techniques & disease indications and high protectiveness of owners about their pet and livestock health are the factors expected to drive the global market.
In August 2019, the HELP University launched Ninth AniHELP event. The primary aim was to create awareness about the importance of animal adoption and prevention of cruelty to animals. Hence, rise in awareness about veterinary care is likely to augment the global market
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Surge in Incidence of Zoonotic Diseases: Major Driver
Globalization and climate change lead to outbreak of animal diseases; some of these are transmissible to humans. According to IFAH Europe (2015), rise in global temperatures leads to appearance of new diseases and helps other diseases to reappear. Most human infections with zoonoses come from livestock. Zoonotic diseases account for 61% of the total animal diseases. For instance, porcine parvovirus and foot and mouth disease are the major diseases in animals. Vaccines used for porcine parvovirus are Lambivac, M+PAC, and Porcilis Ery. Foot and mouth disease vaccines account for the largest share of the veterinary vaccines market, which accounted for 26.4% of the global livestock industry. Social and cultural factors such as food habits and religious beliefs also play a vital role in spreading of disease to humans. Examples are avian influenza, bovine spongiform encephalitis (BSE), and the Nipah virus. A number of factors lead to the emergence of zoonotic diseases. The geographical range of zoonotic pathogens such as West Nile virus (WNV), chikungunya virus (CHIKV), and dengue virus are expanding, with the movement of vectors into newly established habitats
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This report profiles major players operating in the global foot and mouth disease vaccines market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global foot and mouth disease vaccines market is moderately fragmented, with the presence of a large number of leading players in the international market and several small players in regional markets. The top players hold major share of the global foot and mouth disease vaccines market.
Prominent players operating in the global foot and mouth disease vaccines market include o
India Immunological Ltd.
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Merck Animal Health
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Brilliant Bio Pharma Ltd.
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Ceva Santé Animale
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Boehringer Ingelheim GmbH
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Biovet Private Limited
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Biovencer Healthcare Private Limited
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Vetal Animal Health Products S.A
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Biogenesis Bago SA
The report on the global foot and mouth disease vaccines market discusses individual strategies, followed by company profiles of manufacturers of vaccines. The ‘competition landscape’ section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global foot and mouth disease vaccines market.
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