The Latin America FMD vaccine market is currently witnessing moderate growth. Food and mouth disease (FMD) is a contagious viral disease affecting a wide range of livestock species, like cattle, buffaloes, pigs and sheep. It is caused by a virus from the Picornaviridae family of the Aphthovirus genus with various immunological serotypes. The FMD vaccination is one of the most crucial tools used to combat the disease that can have a devastating impact on the economy, society, and the environment. In Latin America, several methods of administering the vaccine have been adopted based on local situations and objectives, such as mass vaccination, vaccination for target animal population, ring vaccination around outbreaks, and vaccination at buffer zones.
Latin America represents one of the largest FMD vaccine markets. It is primarily driven by the development and standardization of diagnostic tests in the region. The rising demand for animal care products and the increasing livestock population in the region are acting as other major factors impelling the market growth. As a result, various government initiatives have been undertaken to ensure the implementation of safe healthcare practices for livestock animals and new control benefits to optimize vaccine-based control programs. They are also creating awareness among the masses regarding the need for proper vaccination to fight against FMD. Moreover, Latin American countries, including Venezuela, Colombia, Uruguay, Bolivia, Paraguay, and Ecuador, have undertaken collaborative initiatives to combat the disease in a cost-effective manner for universal welfare. For instance, Brazilian health authorities carried out a joint operation with the Venezuelan government to eradicate the disease in Venezuela. Such initiatives, in turn, are creating a positive outlook for the market further. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America FMD vaccine market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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.
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