Rabies Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Rabies Diagnostics Market Introduction
Despite being a preventable disease, nearly 59 thousand people across the world succumb to death due to rabies every year. Rabies is one of the Neglected Tropical Diseases (NTDs) that are affecting an alarmingly high number of people worldwide and most governing bodies are implementing rabies elimination, control, and prevention programs to reduce the number of human rabies deaths.
Rabies diagnostics are testing tools that can help doctors and healthcare professionals to accurately diagnose the cases of rabies, which can ultimately lead to limiting the number of human deaths due to rabies. Rabies diagnostics involve various diagnostic methods such as immunohistochemical tests, amplification methods, serology tests, and fluorescent antibody test (FAT).
Leading players in the rabies diagnostics market are employing technologically advanced techniques, such as chromatography, ELISA (enzyme-linked immunosorbent assay), and polymerase chain reaction (PCR) techniques, to further improve efficiency and accuracy features of rabies diagnostics, and ultimately to gain momentum in the rabies diagnostics market.
Rabies Diagnostics Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global rabies diagnostics market include –
Rabies Diagnostics Market Dynamics
Rabies Diagnostics Market Players Eye Lucrative Sales Opportunities in Developing Countries, Asia will Dominate the Market
While the globally recognized health organizations are boosting efforts to reduce prevalence of rabies in developed countries, rabies diagnostics market players are focusing on improving their foothold in emerging economies. High prevalence of rabies in developing nations, such as India and China, is creating more opportunities for rabies diagnostics market players in the Asia-Pacific region. According to the World Health Organization (WHO), rabies causes approximately 59 thousand human deaths every year in over 150 countries, and over 95% of deaths due to rabies occur in developing regions such as Asia and Africa.
With more than 35 thousand human deaths caused due to rabies every year, Asia is grappling with the problem of rabies, wherein India reported nearly 35% of deaths globally and approximately 60% deaths in Asia. Dog-mediated rabies kills around 21.5 thousand humans each year in Africa. Furthermore, the cost of Post Exposure Prophylaxis (PEP) is around US$ 1.5 billion per annum in Asia-highest in the world- and rabies diagnostics market players in the region are likely to capitalize on lucrative opportunities in the coming future.
Governing bodies in Asia, such as the Association of Southeast Asian Nations (ASEAN), have been incorporating various elimination strategies in the region to reduce human rabies deaths to zero by the end of 2020. Thereby, increased prevalence of human rabies along with positive government support is expected to boost growth of the rabies diagnostics market in Asia in the upcoming years.
Governing Bodies Taking Initiatives to Spread Awareness about Rabies will Support Rabies Diagnostics Market Growth
Taking into consideration the severity of rabies as a disease, most governmental organizations across the world are developing disease control plans and programs, which is expected to present the primary driver for growth of the rabies diagnostics market. For example, international governmental organizations including the Global Alliance for Rabies Control (GARC), the World Organization for Animal Health (OIE), the Food and Agriculture Organization of the United Nations (FAO), and the World Health Organization (WHO) partnered to establish The United Against Rabies Collaboration, in June 2018.
Moreover, health officials of regional governing bodies such as the Department of Livestock of Montana, U.S. and the Department of Public Health and Human Services (DPHHS) are initiating awareness programs to deal with the risk of virus exposure. Growing efforts towards reducing the incidence of rabies and governmental support behind such awareness programs is expected to bolster growth of the rabies diagnostics market in the upcoming years.
Rabies Diagnostics Market Segmentation
Based on the rabies diagnostic methods, the rabies diagnostics market is segmented into,
Based on technologies, the rabies diagnostics market is segmented into,
Based on the end-user segments, the rabies diagnostics market is segmented into,
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
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Existing and Future Insights in Growth
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Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
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Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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