Global Foot and Mouth Disease Vaccines Market: Snapshot

Foot and mouth disease (FMD) is a highly infectious viral disease that affects cloven-hoofed animals. The diseases is known to lead to high mortality rate among young livestock such as lambs and piglets and recurring endemics of the disease across the globe have a vast socioeconomic impact on the international trade related to livestock products. In the past few years, favorable government initiatives to control FMD outbreaks have significantly boosted the growth of the global FMD vaccines market. Moreover, the rising consumption of meat and dairy products across the globe has further fuelled the need for FMD vaccines.

The market features a highly fragmented competitive landscape and is largely controlled by various government bodies that purchase these vaccines in bulk directly from manufacturers. This scenario has made competition highly fierce in the market and is expected to bring about a significant dip in profit margins of companies operating in this market in the near future. Nevertheless, the budding and highly promising segment of DNA vaccines will open new opportunities for market players during the forecast period.

Transparency Market Research projects that the global foot and mouth disease vaccines market will exhibit a promising 8.8% CAGR over the period between 2014 and 2020. As a result, the market is expected to rise from a valuation of US$0.51 bn in 2013 to US$0.95 bn by 2020.

Vast Demand for Oil-based Vaccines to Continue to Keep Conventional Vaccines Most Promising

Depending upon the type of vaccines, the report segments the global FMD vaccines market into conventional vaccines and emergency vaccines. The segment of conventional vaccines has been further categorized into aluminum hydroxide- or Saponin-based vaccines and oil-based vaccines. Of these, the segment of oil-based FMD vaccines dominated, accounting for a massive 63% in the global market in 2013. Thus, the conventional vaccine segment leads the global FMD vaccine market and is expected to remain the dominant product segment over the report’s forecast period. The increasing adoption of routine vaccination programs to eradicate or control the disease spread will help the segment of conventional FMD vaccines to gain increased demand in the near future.

Asia Pacific to be Leading Regional Market for FMD Vaccines

From a geographical perspective, the report analyzes the market for FMD vaccines across region such as Asia Pacific, Europe, Africa, North America, and Latin America. Of these, the market across Asia Pacific is presently the dominant contributor of revenue to the global FMD vaccines market. The region is the leading consumer of FMD vaccines owing to the presence of some of countries such as South Korea, China, Bangladesh, Hong Kong, India, and Pakistan, which are most severely impacted by FMD endemics.

Apart from the promising demand across the Asia Pacific region, the demand for FMD vaccines is also expected to witness encouraging rise across countries such as Sudan, Egypt, and Brazil over the report’s forecast period owing to the rising outbreaks of FMD in these countries. Majority of countries in Western Europe, New Zealand, Australia, and countries in North America are FMD free and have no scope for FMD vaccines. As a result, the FMD vaccines market across these regions is expected to witness very low or no growth over the report’s forecast period.

The report states that the global FMD vaccines market features a highly fragmented vendor landscape owing to the presence of a large number of domestic vendors presenting fierce competition for global vendors. Moreover, several FMD endemic countries have their own government-initiated or funded FMD vaccine manufacturing facilities, restraining the entry or expansion of international vendors across such regions. Some of the key vendors operating in the market are Brilliant Bio Pharma Ltd, Bayer AG, Agrovet Co., Biogenesis Bago, Inova Biotecnologia, and Indian Immunologicals Ltd.

Advancements in paediatrics has given a thrust to the growth of the global hand, foot and mouth disease vaccines market. The medical and healthcare industries have combined their synergies to battle the rising incidence of foot and mouth disease. Despite the commonness of the disease, a large population of people remains indifferent to its effects on children. Moreover, the medical research fraternity grades foot and mouth disease as a discomforting and painful condition peculiar to children. Therefore, vaccine against foot and mouth disease is gradually becoming a necessity for child wellness. The revenues within the global hand, foot and mouth disease vaccines market are expected to rise in the years to follow. Besides, new treatment lines are also expected to emerge in the medical industry.

  • The contagious nature of hand, foot and mouth disease has led medical experts to take urgent measures to control it. Therefore, paediatricians are focusing on educating and informing people about the symptoms and causes of foot and mouth disease in children.
  • A large number of people prefer self-treatment modes for medical issues related to children’s health. This factor has created stellar demand for medications used for treating foot and mouth disease. This factor, in conjunction with the development of premium vaccines, has aided market growth. Improvements in lab tests and research lines have also given a thrust to market growth.
  • Several cases of hand, foot and mouth diseases go undiagnosed by medical practitioners. This can be an outcome of unavailability of proper testing facilities or indifference of parents. Therefore, the medical industry is investing in organising information camps for parents in rural and urban areas. Besides, investments in disease testing and drug development shall also drive market demand. The global hand, foot and mouth disease vaccine market is projected to tread along a lucrative growth track in the years to follow.

Foot-and-mouth disease (FMD) is an infection caused by aphthovirus belonging to the family Picornaviridae. FMD is caused by seven different types of serotypes: O, A, C, Asia 1 and Southern African Territories (SAT) 1, 2 and 3. Currently available vaccines are serotype-specific, hence multiple vaccinations are required to cover the antigenic persity. Cloven-hoofed animals especially cattle, pigs, sheep and goats are susceptible to FMD. The major symptoms of FMD are high fever, sudden weight loss, increased death rate in newborn animals, low conception rate, painful lesions in and around mouth, lips and feet, and excessive salivation. High frequency of FMD outbreaks especially in Asia, the Middle East, and Latin America is fueling the demand for FMD vaccines. In addition, government initiatives to eradicate the disease is resulting in increased awareness about FMD vaccines, thereby driving market growth. This report covers the market analysis of various types of vaccines that are used to control FMD.

The executive summary of the report comprises market snapshot of the global foot-and-mouth disease vaccines market and comparative analysis by geography in terms of value % for 2013 and 2020. The global foot-and-mouth disease vaccines market has been segmented based on types of vaccines: conventional and emergency vaccines. The conventional vaccines segment has been sub-segmented based on adjuvants: aluminum hydroxide/saponin and oil-based vaccines. In-depth market analysis and forecast for all the segments mentioned above has been provided in the report, in terms of market revenue (USD million) from 2012 to 2020. The report includes the compounded annual growth rate (CAGR %) for each application segment (cattle, pigs, sheep and goat and others) for the forecast period from 2014 to 2020, considering 2013 as the base year.  

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. 

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. 

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). 

The global foot and mouth disease vaccines market is segmented as follows:

Global Foot and Mouth Disease Vaccines Market, by Types

  • Conventional Vaccines 
    • Aluminum Hydroxide/Saponin
    • Oil Based
  • Emergency Vaccines

Global Foot and Mouth Disease Vaccines Market, by Applications

  • Cattle
  • Pigs
  • Sheep and Goats
  • Others

Global Foot and Mouth Disease Vaccines Market, by Geography

  • North America
  • Europe 
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Malaysia
    • Rest of APAC
  • Rest of the World
    • Latin America
    • Africa
      • South Africa
      • Algeria
      • Nigeria
      • Rest of Africa
    • Rest of RoW

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