PUBLISHER: Value Market Research | PRODUCT CODE: 1342887
PUBLISHER: Value Market Research | PRODUCT CODE: 1342887
The global demand for Rabies Diagnostics Market is presumed to reach the market size of nearly USD 8.05 BN by 2030 from USD 4.56 BN in 2022 with a CAGR of 6.52% under the study period 2023 - 2030.
Rabies is an acute viral infection that typically infects the neurological system. The causative agent of rabies is rhabdovirus, which is generally spread via the bite of a rabid animal. The most popularly known rabies diagnostic methods include Fluorescent Antibody Test (FAT), immunohistochemical tests, Direct Fluorescent Antibody (DFA) tests, and amplification methods. A direct fluorescent antibody (DFA) test can be used to diagnose rabies in animals and can find the presence of rabies viral antigens in brain tissue. However, several tests are necessary for humans.
The increasing prevalence of neglected tropical diseases (NTDs) will be a crucial factor in boosting the growth rate of the rabies diagnostics market. Furthermore, the incidences of rabies will rise as dog bite instances rise, which will positively drive the market's growth rate. The increase in laws related to rabies diagnosis is a crucial factor contributing to the market's growth. In addition, rising healthcare expenditure and public awareness regarding the fatality of viral exposure are the main factors that will support market growth. Additionally, the expansion of organization-to-organization collaborations for the creation of novel products and the development of rabies research will favorably influence the development of the rabies diagnostics market. The increasing adoption of advanced technology for rabies care and diagnostic solutions worldwide is another major factor propelling the market growth for rabies diagnostics.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of rabies diagnostics. The growth and trends of rabies diagnostics industry provide a holistic approach to this study.
This section of the rabies diagnostics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Rabies Diagnostics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the rabies diagnostics market include Bio-Rad Laboratories Inc., Aviva Systems Biology Corporation, Merck KGaA, Demeditec Diagnostics GmbH, Creative Diagnostics, Norgen Biotek Corp., Abbexa Ltd., Express Biotech International Inc., BioNote Inc., MyBioSource.com. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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