Rabies Treatment Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Rabies Treatment Market: Snapshot
Earlier, widespread culling of animals was embarked upon to stamp out rabies – a fatal disease caused by rabies virus transmitted from animals to humans. Domestic dogs are mainly the carriers of the virus and over 95.0% of human deaths result from dog-mediated rabies, states WHO. It also finds that Asia and Africa account for almost 95.0% of the tens of thousands of rabies deaths occurring annually.
However, studies eventually revealed that culling is not very effective and a more desirable solution is the mass vaccination to stem the occurrence of the disease in all species. For example, the canine vaccination program in Bangladesh focuses on dog bite management and mass vaccination in dogs in order to reduce human deaths on account of rabies. Efforts such as these by governments in various nations in Asia and Africa has promoted the rabies treatment market.
Besides, growing concerns about the economic losses resulting from rabies outbreak is another major factor benefitting the global market for rabies treatment. In fact, in developed regions such as North America and Europe, where spends are substantial on making the livestock population safer and healthier, rabies treatment market has seen a solid growth. And thanks to such comprehensive programs, instances of rabies is very low in the regions.
With pet-care industry proliferating across the world on account of the rising penchant for pets in people living in urban pockets, the demand for rabies treatment has risen too. Apart from that, thrust on product development using latest technologies is also providing tailwind to the market. At present, research and development is focused on application of novel culture media to create contamination-free vaccines. To an extent, stringent regulatory examinations conducted by governments is stoking such progress.
Global Rabies Treatment Market: Overview
Rabies is a neural disease caused by a virus. It affects humans and several other mammals, with dogs, bats, raccoons, and cats being among the most common victims. Rabies causes inflammation of the brain, leading to fever, loss of control over body parts, and a fear of water. Rabies treatment is a key concern despite the relatively limited spread of the disease, as rabies is almost always fatal once the symptoms of the disease appear. Receiving rabies treatment in the interim between being bitten by a disease-carrying animal and the appearance of the symptoms is thus the only sure way to treat rabies. The rising awareness about animal health is likely to be a major driver for the global rabies treatment market in the coming years.
By product type, the global rabies treatment market is broadly segmented into cell culture vaccines, nerve tissue vaccines, and rabies immunoglobulin. Of these, cell culture vaccines are likely to lead the global rabies treatment market in the coming years.
Global Rabies Treatment Market: Key Trends
The rising concern about the economic implications of rabies outbreaks in livestock is the key driver for the global rabies treatment market. Livestock care has become a vital topic in developed regions such as Europe and North America, where significant expenditure is devoted to the eradication of various hurdles in the process of making the livestock population in the region safer and healthier. The increasing focus on pet care in these regions is also likely to drive the demand from the global rabies treatment market in the coming years. Preventive vaccines are likely to be the key type of rabies treatment utilized in animal care in the coming years.
The rising government support to the eradication of rabies is another important driver for the global rabies treatment market. Widespread utilization of advanced rabies treatments often requires some help from regulatory bodies, while uniform adoption of preventive rabies treatment in animal care is also dependent to some extent on support from regulatory bodies. The increasing participation of governments across the world in helping the animal health sector in their countries is thus likely to remain a key driver for the global rabies treatment market in the coming years.
Global Rabies Treatment Market: Market Potential
The global rabies treatment market has been sustained by the high volume of demand in developing regions. However, steady government support could prove vital in the development of the rabies treatment market. Global healthcare organizations such as the WHO are also keen to collaborate with emerging economies in order to make animal healthcare more widely accessible. This could have significant consequences for the global rabies treatment market in the coming years.
Global Rabies Treatment Market: Geographical Dynamics
The global rabies treatment market is currently dominated by Asia Pacific, followed by North America and Europe. The rising prevalence of rabies in humans is likely to drive the rabies treatment market in Asia Pacific. On the other hand, the booming livestock sector, driven by the steady growth of food and beverage as well as the consumer goods industries, has become the prime driver for the rabies treatment market in North America. The rising expenditure on pet care across the world is also likely to remain a key driver for the global rabies treatment market in the coming years.
Global Rabies Treatment Market: Competitive Dynamics
The global rabies treatment market is dominated by Sanofi, GlaxoSmithKline, Cadila Healthcare, and Merial. The sustained efforts to produce next-generation rabies vaccines are likely to propel the global rabies treatment industry in the coming years.
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
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
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:
What are the prominent factors that will help in reshaping the market growth?
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?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report