Rising prevalence of neglected tropical diseases (NTDs) worldwide coupled with growing demand for advanced rabies diagnostic solutions to boost market growth
New York, February 01, 2022 – The global rabies diagnostics market size is expected to reach USD 2.38 billion by 2028 at a CAGR of 4.4% according to the latest report by Reports and Data. The most critical parameters influencing the global market growth are rising prevalence of infectious animal-transmitted diseases such as rabies and neglected tropical diseases (NTDs) worldwide, increasing awareness programs about infectious diseases, and growing number of rabies diagnostic tests.
Rabies is an infectious disease spread through animal bite or saliva and is characterized by symptoms such as excess salivation, headache, fever, muscle spasms, and mental instability. The most commonly known rabies diagnostic methods include Direct Fluorescent Antibody (DFA) test, Fluorescent Antibody Test (FAT), immunohistochemical tests, and amplification methods. These tests rapidly and accurately detect rabies virus antigens in brain tissue. Rabies diagnostic tests are generally performed using samples of bodily fluids such as saliva, serum, and spinal fluid of the infected person. Growth of the global rabies diagnostics market is propelled by rising adoption of advanced diagnostic solutions for rabies, increasing collaborations among research institutes and healthcare companies for the development of novel rabies detection assays, and increase in initiatives undertaken by healthcare organizations to control the spread of rabies. Growing adoption of cutting-edge point-of-care rabies diagnostic solutions worldwide is another major growth-inducing factor for this market.
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Key Highlights of the Report:
- Based on diagnostic method, the fluorescent antibody test segment is expected to dominate in terms of revenue growth during the forecast period due to various favorable factors. This segment’s growth is principally attributed to rising prevalence of animal-borne diseases including rabies, increasing fluorescent antibody tests for rabies detection, and growing awareness about FAT’s advantages over other conventional methods including improved specificity and better sensitivity.
- The ELISA/immunohistochemistry segment is expected to reach highest revenue share over the forecast period. Spike in demand for ELISA/immunohistochemistry-based rabies diagnostic systems, increasing volumes of immunohistochemistry-based diagnostic tests, such as FAT and RREID, and cost-effectiveness of these tests are pivotal factors responsible for the growth of this segment over the forecast period.
- The North America rabies diagnostics market led in terms of market revenue share in 2020. Market growth in North America is accelerated by rising prevalence of rabies and other animal-transmitted diseases, growing number of rabies diagnostic tests, increased healthcare expenditures, and advanced healthcare infrastructure in the region. The Asia Pacific market is expected to demonstrate fastest revenue growth rate over the forecast period. Rising prevalence of neglected tropical diseases and increasing healthcare initiatives by governments to control the spread of rabies are expected to boost market growth in this region.
- Merck KGaA, Bio-Rad Laboratories, Inc., Norgen Biotek Corp., Express Biotech International Inc., Demeditec Diagnostics GmbH, Aviva Systems Biology Corporation, BioGen Technologies, Creative Diagnostics, MyBioSource.com, Abbexa Ltd., and BioNote, Inc. are among the leading competitors of the global rabies diagnostics
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For the purpose of this report, the global rabies diagnostics market has been segmented based on the product type, test type, end-user, and region:
By Diagnostic Method (Revenue, USD Billion; 2018-2028)
- Fluorescent Antibody Test (FAT)
- Immunohistochemical Test
- Histologic Examination
- Amplification Methods
- Serology Tests
- Others
By Technology Type (Revenue, USD Billion; 2018-2028)
- ELISA/Immunohistochemistry
- Chromatography Techniques
- PCR
- Others
By Provider (Revenue, USD Billion; 2018-2028)
- Hospitals
- Pharmacies
- Diagnostic centers
- Cancer Palliative care clinics
- Others
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By Region (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of the Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
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