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Global Foot and Mouth Disease Vaccines Market Gains Momentum from Demand in Asia Pacific: MRRSE

Albany, NY, April 22, 2016 (GLOBE NEWSWIRE) -- Based on an in-depth survey, the report pegs the value of the global FMD market at US$0.5 bn in 2013. Rising at a robust CAGR of 8.80% between 2014 and 2020, the market is anticipated to reach US$0.9 bn by 2020. The market is driven by frequent outbreaks of foot and mouth diseases in livestock, particularly in the emerging economies of Asia Pacific and the Middle East. To prevent such crises, governments across emerging nations have adopted several initiatives to eradicate the outbreak. The meat and dairy industries are subsequently benefiting from these initiatives and investments focusing on R&D of more effective FMD vaccines.

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The market overview section of the foot-and-mouth disease vaccines market report analyzes the market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the global FMD vaccine market. Impact factors such as market attractiveness analysis by geography and Porter’s five forces (bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes and competitive rivalry) analysis of the global foot-and-mouth disease vaccines market have been provided in this section of the report. In addition, market share analysis of key players (value %) for the year 2013 has also been explained in the market overview section of the report in order to provide a thorough analysis of the overall competitive scenario in the global FMD vaccines market. Furthermore, the report includes value chain analysis and regulatory framework analysis of the FMD vaccines market.

Government-led initiatives to eradicate foot and mouth disease outbreaks in livestock are intended to create awareness about FMD and the importance of routine vaccination of livestock. Such initiatives have proven to be extremely beneficial for the global FMD vaccines market, since they boost the overall vaccine sales. However, on the flip side, government involvement in the purchase of FMD vaccines has led to a dip in costs of the same, which may have an adverse impact on the overall operations of the global foot and mouth disease vaccines market.

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Geographically, the global FMD vaccines market has been classified into four regions: North America, Europe, Asia Pacific and Rest of the World (RoW). The current and future market sizes (in terms of USD million) of the regional markets mentioned above have been provided in the report for the period from 2012 to 2020 along with the growth rate (CAGR %) for the period from 2014 to 2020. The study further offers recommendations for the foot-and-mouth disease vaccines market, which would be useful for existing and new players to sustain and grow in the market.

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The foot-and-mouth disease vaccines market report concludes with the company profiles section that includes key information in terms of company overview, financial information, product portfolio, business strategies and recent development about the major players operating in the FMD vaccines market. Detailed analysis of these companies is included in this section in order to give a thorough analysis of the overall competitive scenario in the global FMD vaccines market. Key players profiled in the section include Agrovet Co., Bayer AG, Biogenesis Bagó, Brilliant Bio Pharma Limited, Indian Immunologicals Ltd., Inova Biotechnologia, Intervac (Pvt.) Ltd., Merial, and Merck Animal Health (MSD).

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Source: MRRSE