Increasing Government Support in Nations Globally to Provide Impetus to Foot and Mouth Disease Vaccines Market
Foot and mouth disease (FMD) is a type of disease that affects domestic and wild cloven-hoofed animals such as buffaloes, deer, goats, sheep, swine, and cattle. The virus can result in fever for around two to six days, and can further cause blisters on the feet and inside the mouth of the animal. FMD has a number of implications in animal farming owing to the fact that it is a highly contagious disease and spreads via animals through aerosols by utilizing contaminated clothing, vehicles, equipment, and by wild and domestic predators. Hence, governments globally are supporting the employment of routine vaccinations in nations having livestock with FMD to prevent its spread.
Transparency Market Research (TMR), a market intelligence company, covers a number of prime attributes related to the foot and mouth disease vaccines (FMD) market and thus helps readers in gaining information on all the key aspects related to this market.
Q. What are the economic implications caused by this disease?
The outbreak of this disease may negatively impact the economy of that particular nation. This is owing to the fact that there is a great loss incurred on the meat and meat production industry. The protection of livestock is a significant step in order to save the agricultural economy and for the preservation of supply of food of a country. FMD is a reportable disease meaning the nations in which this disease is prevalent aren’t able to trade susceptible animals and animal products to FMD-free nations. Therefore, the spread of this disease has a high economic impact on the affected nations, particularly those that are into exporting agricultural products. Hence, globally, FMD is considered as a ‘transboundary’ disease having both global and regional impacts owing to its relation to international trade of animal products and animals.
Q. The adoption of which vaccinations will fuel the growth of the foot and mouth disease (FMD) vaccines market and why?
There are primarily two types of vaccines utilized in the market, namely emergency vaccines and conventional vaccines. Amongst these, the employment of conventional vaccines is higher owing to the rising utilization of routine vaccination strategies for the control or eradication of FMD. Of these, the segment of conventional vaccines is further segmented into oil-based FMD vaccines. Oil-based FMD vaccines held a significant share in the global FMD market in 2013.
FMD vaccines are utilized in sheep, goat, pigs, cattle, and other animals owing to the fact that this disease is primarily prevalent in cloven hoofed animals. The other animals that are affected by this disease include certain species of giraffes, camels, deer, and elephants. Amongst these, the segment of cattle held a dominant share in the market in 2013 due to the increasing number of cattle globally.
Which FMD vaccine has recently received a license?
On August 16, 2016, Inovio Pharmaceuticals, Inc., announced that a veterinary vaccine has been licensed by it for Plumbline Life Sciences for foot and mouth disease. Plumbline Life Sciences has its headquarters in South Korea and will be funding each and every development activities related to this FMD vaccine. This FMD DNA vaccine by Inovio administered to pigs and sheep has previously demonstrated robust protective neutralizing antibodies and has thus proved its potential in preventing the virus from harming livestock animals.