Companies Broaden Production Capabilities to Manufacture Animal Coronavirus Vaccines
Companies in the foot and mouth disease vaccines market are capitalizing on value-grab opportunities to develop COVID-19 (coronavirus) vaccines that hold promising potentials to protect animals. For instance, Sinovac Biotech— a Beijing-based biopharmaceutical company is conducting clinical trials on rhesus macaques monkeys to innovate in its COVID-19 vaccine. In this way, manufacturers in the foot and mouth disease vaccines market are broadening their revenue streams by increasing their R&D activities in COVID-19 vaccines.
The demand for animal coronavirus vaccines is surging worldwide. Low to no side effects in animal coronavirus vaccines is highly preferred by companies in the livestock industry. Manufacturers are innovating in existing technologies to develop formulations consisting of a chemically inactivated version of the virus. Companies in lower middle-income countries are adopting these existing technologies to manufacture animal coronavirus vaccines. However, there is still a need to conduct clinical trials on several animals in order to validate the efficacy of animal coronavirus vaccines.
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Multi-million Dollar Innovation Programs Fuel Demand for Foot and Mouth Disease Vaccines
Apart from business potentials in Asia and America, manufacturers in the foot and mouth disease vaccines market are exploring untapped opportunities in Eastern Africa. The Global Alliance for Livestock Veterinary Medicines (GALVmed) has announced the AgResults Foot and Mouth Disease (FMD) Vaccine Challenge Project to encourage the uptake of vaccines in Eastern Africa. Companies in the Africa foot and mouth disease vaccines market are improving their production capabilities to design vaccines that are tailored to the needs of livestock owners in Eastern Africa.
Multi-million dollar government initiatives are catalyzing the development of improved foot and mouth disease vaccines. Since FMD is highly contagious and has devastating effects on the livestock industry, manufacturers are increasing the availability of foot and mouth disease vaccines.
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Increasing Production Targets Help Meet Growing FMD Demands
Asia Pacific is among the second-highest revenue earning regions in the foot and mouth disease vaccines market, which is expected to grow at a rapid pace during the forecast period. India being one of the major countries in Asia Pacific is gearing up to tackle the issue of high prevalence of foot and mouth diseases among livestock. Announced by India’s Prime Minister Narendra Modi himself, the National Animal Disease Control Program (NADCP) is under spotlight for ensuring the welfare of buffalo and cattle population.
Fund allocations by government organizations are generating incremental opportunities for pharmaceutical companies in the India foot and mouth disease vaccines market. However, it is challenging to have sufficient quantities of foot and mouth disease vaccines in order to fast-track vaccination programs. As such, veterinary scientists opine that vaccine companies in India are increasing their production targets to meet FMD demands.
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Incremental Opportunities in Mongolia Drive R&D Innovations in Immunogenicity Studies
As companies gear up to tap into incremental opportunities in the Asia Pacific foot and mouth disease vaccines market, Mongolia is another country, which is witnessing the demand for vaccines. FMD is a high impact viral disease of livestock and is found to have regular incursions in eastern regions of Mongolia. Such demands are estimated to bolster revenue growth for the overall Asia Pacific foot and mouth disease vaccines market. As such, the country imports vaccines and this forms an important part of their disease control strategy.
Pharmaceutical companies are abiding by the post-vaccination monitoring guidelines published by the FAO (Food and Agriculture Organization of the United Nations)-OIE (World Organisation for Animal Health) that provide information on the appropriateness of imported foot and mouth disease vaccines. Manufacturers are increasing their R&D capabilities in immunogenicity studies to produce improved formulations of vaccines.
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Synthetic Foot and Mouth Disease Vaccines Trigger Optimum Immune Responses in Animals
The global foot and mouth disease vaccines market is expected to reach US$ 11.2 Bn by the end of 2030, as companies such as MSD Animal Health— a provider of innovative veterinary pharmaceuticals and vaccines, has collaborated with scientists at the University of Oxford, Diamond Light Source, Pirbright, and the University of Reading to gain commercial license for FMD vaccines. Companies in the foot and mouth disease vaccines market are increasing the availability of effective and affordable vaccines that are designed to combat several strains of foot and mouth disease virus (FMDV).
Manufacturers are increasing their efficacy in the development of synthetic vaccines capable of triggering optimum immune responses sans the need to grow live infectious viruses. These synthetic foot and mouth disease vaccines are reducing the risks of potential infections and contamination in livestock.
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