The Asia Pacific FMD vaccine market size reached US$ 1,433.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,527.7 Million by 2032, exhibiting a growth rate (CAGR) of 6.31% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | US$ 1,433.3 Million |
Market Forecast in 2032 | US$ 2,527.7 Million |
Market Growth Rate (2024-2032) | 6.31% |
Foot and mouth disease (FMD) refers to a transboundary animal disease that affects various animal species such as cattle, buffaloes, pigs, goats, and wild animals. They are infected by a virus that belongs to the Aphthovirus genus of the Picornaviridae family. FMD vaccine is one of the widely used control measures for the disease that can have a potentially devastating impact on the environment, society and the economy. The FMD vaccination approaches include mass vaccination applied to target animal populations, zones, and high-risk areas. At present, new inactivated FMDV DIVA markers and purified protein-based vaccines are in advanced development stages.
Asia Pacific represents the largest market for FMD vaccines, primarily driven by the increasing cattle population in the region, which accounts for more than half of the total population. The market is further propelled by the high livestock population and growing awareness regarding FMD across the region. Moreover, various countries in this region are developing a species-based vaccination strategy to control FMD outbreaks. Governments of several countries are also funding and launching initiatives and campaigns, thus leading to the bulk purchasing of FMD vaccines.
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific FMD vaccine market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on animal type, vaccine type and distribution channel.
Breakup by Animal Type:
Breakup by Vaccine Type:
Breakup by Distribution Channel:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Animal Type, Vaccine Type, Distribution Channel, Country |
Countries Covered | China, India, Bangladesh, Vietnam, Korea, Myanmar, Nepal, Thailand, Cambodia, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |