A recent report by Transparency Market Research projects moderate growth within the global foot and mouth disease (FMD) vaccines market through 2020. The report, titled, Foot and Mouth Disease (FMD) Vaccines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020, predicts that the FMD vaccines market will chart a CAGR of 8.8% between 2014 and 2020. The FMD vaccines market approximated US$ 0.51 billion as of 2013 and will likely be worth US$ 0.95 billion by 2020, the study finds. The growing frequency of FMD outbreaks has necessitated the development of more effective vaccines to treat the disease; this is especially seen in endemic countries. The disease has been a gnawing concern for governments of several nations, prompting them to allocate more funding to eradicate the foot and mouth disease. The government’s role has helped raise levels of awareness about the foot and mouth disease in general and about the FMD vaccines available in particular, causing a higher demand for routine FMD vaccination.
Browse the full Foot and Mouth Disease Vaccines Market Report at http://www.transparencymarketresearch.com/foot-mouth-disease-vaccines.html
Conversely, the market does face restraints in the form of unpredictable outbreaks of serotype. Governments are purchasing vaccines from private manufacturers, which, to some extent, limits the expansion of the FMD vaccines market.To study the market in detail, the report segments the foot and mouth disease vaccines market by type as: Conventional and emergency vaccines. The conventional FMD vaccines market has been further sub-segmented as: Aluminum hydroxide/saponin, and oil-based vaccines. The oil-based FMD vaccines segment held a 63% share in the overall FMD vaccines market as of 2013 thanks to its efficacy in treating the disease and its prolonged effect on different kinds of animals such as cattle, goat and sheep, and pigs.
The report also...