According to FutureWise analysis the market for foot and mouth disease vaccines in 2023 is US$ 2.52 billion, and is expected to reach US$ 5.26 billion by 2031 at a CAGR of 9.62%.
Foot and mouth disease (FMD) is a serious, highly contagious viral livestock disease with a substantial economic impact. Pigs, cattle, sheep, goats, and other ruminants with cloven hooves are all affected. Compared to traditional breeds, animals raised intensively are more susceptible to the disease. It results in a high mortality rate in young animals due to myocarditis, infection with the illness, or even a shortage of milk. Fever and blister-like lesions between the hooves, on the tongue and lips, in the mouth, and on the teats are symptoms of FMD. While the majority of the animals infected by the disease recover, it frequently leaves them weak and incapacitated, and it causes significant productivity losses. An aphthovirus belonging to the Picornaviridae family is the organism that causes FMD. The Veterinary Vaccines Market is expected to expand steadily due to rising pet ownership in developed countries and an increase in the number of livestock and poultry in emerging nations. The Veterinary Vaccines Market is expected to rise as a result of the surge in vaccine R D funding, which prevents the development of antibiotic-resistant pathogens. A number of new vaccinations have also been developed as a result of the rising need for animal vaccines. Additionally, the spread of zoonotic and animal illnesses as well as the ongoing development of technologically improved vaccines have changed the dynamics of the market. The market has seen a shift in trend from live attenuated vaccines to DNA vaccines, and recombinant vaccination solutions are being quickly adopted. There are several Foot and Mouth Disease Vaccines available, including both oil-based and aluminium hydroxide adjuvants. However, the market for FMD vaccines is dominated by oil-based vaccines.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Foot and Mouth Disease Vaccines Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Foot and Mouth Disease Vaccines Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.