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Foot and Mouth Disease Vaccines Market Analysis, Size, Share, Trends and Forecast 2020

Transparency Market Research Report Added "Foot and Mouth Disease Vaccines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its database.

 

Albany, NY -- (ReleaseWire) -- 07/07/2014 -- Foot and mouth disease is considered as a highly contagious and severe disease observed in animals with considerable economic impact. Animals which are affected by foot and mouth disease include goat, sheep and cloven-hoofed ruminant. Deer, antelope, elephant and giraffe are susceptible to foot and mouth disease. Effect of foot and mouth disease is crucial among young animals because mortality rate is high among affected young animals due to myocarditis. Picornavirus is the causative organism for foot and mouth disease, which is included in the genus aphthovirus. Signs and symptoms of foot and mouth disease include fever, blister-like lesions, erosion on tongue and lip of affected animal. Excessive salivation, lameness and decreased feed consumption may also be observed. Foot and mouth disease is considered as the most economically devastating disease of animals in the world.

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However, the disease is not harmful for human but people who have close contact with the affected animals can carry and spread the disease through their shoes, vehicles and clothes. Few of the other ways of disease transmission includes aerosol spread of virus from an infected animal to a herd and contaminated materials such as hay, feed, water, milk and biologics. Possible preventive measure for foot and mouth disease includes control introduction of new animals to existing livestock, monitor and report illness of livestock and maintain sanitation of livestock pens. Other possible preventive measure includes control over access to livestock by people and appropriate disposal of manure and dead carcasses.

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Increasing unhygienic lifestyle among population is considered as a major market driving factor for global foot and mouth disease vaccines market because people are considered as a major carrier of foot and mouth disease. Moreover, technological advancement in veterinary laboratory testing would also accentuate the global market demand of foot and mouth disease vaccines. However, the cost is very high for veterinary diagnostic testing and services are a factor that would restrict the global market demand of foot and mouth disease vaccines. Moreover, lack of awareness about foot and mouth disease in few of the developing nations is also a factor that might restrict its demand in the global foot and mouth disease vaccines market.

FMD is endemic in few countries of Latin America, Middle East, Asia and Africa. Countries which are currently (2014) free from foot and mouth disease include New Zealand, Australia, Indonesia, North America and Western European countries.

RoW dominates the global market for foot and mouth disease vaccines due to high prevalence rate of foot and mouth disease in farm animals such as cow, goat, buffalo and deer. Every year Africa recorded the highest number of foot and mouth disease cases in the world stated by World Organization of Animal Health. Moreover, due to poor economic and health condition in most of the African countries the prevalence of foot and mouth disease is growing rapidly.

Asia-Pacific represents second position in the global foot and mouth disease vaccines market due to foot and mouth disease is considered as an endemic in several parts of Asia. Moreover, poor healthcare infrastructure in few of the Asian countries also accounted for the market growth of foot and mouth disease vaccines in Asia-Pacific region. Europe represents the third position in the global foot and mouth disease vaccines market. North America is free from foot and mouth disease since 2007, stated by World Organization of Animal Health. Hence, North America holds fourth position in the global foot and mouth disease vaccines market.

Various key players contributing the global market share of foot and mouth disease vaccines include CAHIC, Bayer HealthCare, Indian Immunologicals Ltd, Brilliant Bio Pharma Ltd. (BBPL), VETAL Animal Health Products, Biovet Private Limited , MSD Animal Health (Merck), Agrovet among others.

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