Foot and Mouth Disease Vaccines Market Research Report covers the present scenario and the growth prospects of the Foot and Mouth Disease Vaccines Industry for 2017-2021. Foot and Mouth Disease Vaccines Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Foot and Mouth Disease Vaccines globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Foot and Mouth Disease Vaccines Market:
- Brilliant Bio Pharma
- Indian Imumunologicals
- Biogénesis Bagó
- Boehringer Ingelheim
Other Prominent Vendors of Foot and Mouth Disease Vaccines Market Are:
- Bayer HealthCare
- Inovio Pharmaceuticals
- Plumbline Life Sciences
One trend in market is increase in inorganic growth strategies. The market has been witnessing a trend of increased mergers and acquisitions, which will likely drive the market growth. Vendors are increasingly focusing on inorganic growth strategies to expand their presence and expertise in the market. In addition, such strategies will boost their growth and profitability in the market. These strategies will be beneficial for the new companies that aim to penetrate into the market quickly. For instance, in November 2016, Ceva announced the purchase of Hertape and Inova Biotecnologia. These are among the leading animal health companies in the world. The acquisition will enable Ceva to expand its portfolio of animal health products including FMD vaccine from Inova Biotecnologia. Also, in January 2017, Boehringer Ingelheim closed the deal to acquire Sanofi’s animal health business Merial, which is one of the leading producers of FMD vaccine. The acquisition of Merial allows Boehringer Ingelheim to become the second-largest animal health company worldwide.
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According to the report, one driver in market is increase in government initiatives. The increase in government initiatives is expected to propel the market growth. Government across various FMD endemic countries has been continuously pursuing plans to eradicate FMD by conducting various programs. It is also providing funds to foster R&D activities in the market. For instance, in July 2015, Department of Animal Husbandry, Dairying & Fisheries, Government of India approved the implementation of Livestock Health and Disease Control (a centrally sponsored scheme) for the year 2015-2016. The scheme was the part of Union Budget 2015-2016 and considered the funding pattern to 50:50 between Centre and State. For the Foot and Mouth Disease Control Program, the government allocated $22.7 million fund. This program will be implemented in 351 districts in India. Funds under this program will be provided for procurement of FMD vaccines for various purposes including meeting vaccination cost, animal identification cards, and other logistical support. Also, in February 2016, the EU funded Zimbabwean government with $8.5 million aid for anthrax and FMD control. This fund will cover over a four-year period. In addition, in 2016, the FAO funded Technical Co-operation Project, which was valued at $850,000 to support FMD control in Zimbabwe. Such initiatives by the government as well as other agencies will help boost the R&D activities, thereby driving the growth in the market.
Report also presents Geographical Segmentation analysis of Foot and Mouth Disease Vaccines Market of Americas, APAC, EMEA region.
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Further, the report states that one challenge in market is increase in vaccine failures. There have been reports of vaccine failures regarding safety and efficacy in the prevention and treatment of FMD. This is expected to hinder the growth prospects, particularly in developing world. The alleged vaccine failures may also pose a threat to animals in Europe and North America. FMD virus can travel with infected livestock, which is believed to have been vaccinated but without any symptoms. FMD vaccine testing report (a research study of Indian Council of Agricultural Research) stated that vaccine samples taken from Indian Immunologicals, Intervet India, and Brilliant BioPharma had no desired emulsion stability and failed in sterility tests to meet standards and ethics of vaccine production. It also stated that there is a significant drawback with the testing laboratory’s procedures. This indicates that the recent FMD outbreaks in India were due to the poor quality of vaccines. This has further resulted in huge economic losses for farmers and livestock owners as a result of mortality of their animals and production losses in lactating animals. In addition, the companies such as Intervet is using enrofloxacin instead of thimerosal for preservation. However, enrofloxacin is an antibiotic licensed only for therapeutic use, and therapeutic use of this drug is not recommended in animals and food-producing animals. Such issues would hamper the market growth.
Key questions answered in Foot and Mouth Disease Vaccines market report:
- What will the Foot and Mouth Disease Vaccines market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Foot and Mouth Disease Vaccines market?
- What are the challenges to Foot and Mouth Disease Vaccines market growth?
- Who are the key vendors in Foot and Mouth Disease Vaccines market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 70
Price of Report: $ 3500 (Single User License)
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