One of the most significant Neglected Tropical Diseases (NTD), which is posing a serious threat to the animal and human health is rabies. Various international organizations along with the World Health Organization are taking immense efforts by collaborating with healthcare entities across the globe to combat this disease. The WHO has already published several documents explaining various characteristics of a complete control program for rabies. These activities in the rabies R &D market are likely to propel the growth of the global rabies diagnostics market.
According to WHO, although rabies is a preventable disease, it kills around 59,000 people annually across the world. The report has focused on the key points such as the elimination of rabies that include suitable diagnostics and strong surveillance strategies and immunization of animal and human in developing economies.
Top Players in the Market
Bio-Rad Laboratories, Inc., BioNote, Inc., MyBioSource.com., Merck KGaA, Aviva Systems, Creative Diagnostics, Express Biotech International Inc., Demeditec Diagnostics, and Abbexa Ltd., are some of the key players operating in the global rabies diagnostics market.
In-depth Insights and Understanding of Key Market Dynamics
A new set of guidelines, growth in the number of animals and human getting infected by the virus of rabies and introduction of novels products are some of the important factors that are fuelling the growth of the global rabies diagnostics market. Rising investment in rabies abolition program in low-income, as well as developed economies is creating a positive impact on the global rabies diagnostics market. Some of the other elements which are contributing in creating robust growth of the market are increasing approval by veterinaries for point-of-care diagnostics solutions and growing spending power of pet owners on animal health services either with the help of insurance programs or through direct payment.
Nevertheless, lack of availability of the products, supply chain problems, and highly expensive rabies diagnostics products are some of the elements that are adversely affecting the growth of the global rabies diagnostics market.
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Market Segmentation
By Diagnostic Method
- Serology Tests
- Fluorescent antibody test (FAT)
- Histologic Examination
- Immunohistochemical Test
- Amplification Methods,
By Technology
- PCR
- ELISA/Immunohistochemistry
- Chromatography Techniques
- Others
Among different diagnostic methods used to detect rabies, FAT is expected to take the largest share of the global rabies diagnostics market due to its wide usage and advantages such as those related to improved sensitivity and specificity. It is recommended by popular organizations such as the World Organization for Animal Health (OIE) and the WHO. There are also various technologies used in rabies diagnostics. Among them, ELISA/immunohistochemistry is foreseen to secure a dominant share of the global market because of high adoption of products based on ELISA/immunohistochemistry protocols.
Regional Overview of the Market
Asia Pacific region is likely to lead the global market for rabies diagnostic followed by MEA region. Rabies is one of the most commonly found diseases in Asia Pacific region. According to World Health Organization around 30,000 human deaths occur every year due to rabies. Considering this grave situation, the planning and implementation of many strategies have done by the ASEAN to eradicate rabies in human by 2030.
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Table of Contents
Overview of the Report: The report starts with research scope, major players studied by the authors, years considered for the research study, objectives of the study, and analysis of market share by application and market size growth rate by type.
Global Growth Trends: Here, the size of the global Bio-pharma market is studied along with sales and revenue analysis. This section also includes industry trends and analysis of the growth rate of the global Bio-pharma market by region.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of revenue, sales, and share in the global Bio-pharma market.
Company Profiles: Almost all leading companies operating in the global Bio-pharma market are profiled in this section, taking into account their recent developments, market share, and other vital factors.
Market Forecast: Apart from revenue and sales forecast of the global Bio-pharma market, this section provides forecast of all
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