A research report on the Artificial Intelligence market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. The report is titled ‘Rabies Diagnostics Market: Opportunity Analysis and Future Assessment 2020-2028’. It includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the Rabies Diagnostics Market. The global Rabies Diagnostics Market in 2020 is estimated for more than US$ 1.7 Bn and expected to reach a value of US$ 2.3 Bn by 2028 with a significant CAGR of 4.2%. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
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Rabies Diagnostics Market Dynamics
Increasing awareness about animal-related diseases is the prime market driving factor. In addition, the factors like the escalating count of awareness programs organized by the government to combat the ill effects of rabies, the necessity of immunization for both humans and animals, healthy surveillance strategies and the development of suitable rabies diagnostics kits also positively impacts the market growth during the forecast years. Additionally, the initiatives like mass dog vaccinations, adoption of post-exposure prophylaxis (PEP), and the government’s involvement to create appropriate laws linked with the diagnosis of rabies virus also aids the growth of the rabies diagnostics market.
As per the Prevention and Control of Rabies in India’s (APCRI) 2018 journal, India alone counts for approximately 36% of the total deaths due to rabies, followed by China. Moreover, this country is also recorded to have a maximum count of street dogs, which further propels the demand for rabies diagnostics. However, the lack of awareness about the technological advancements along with the high cost linked with rabies diagnosis results in restricting the market growth.
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Rabies Diagnostics Market Segmentation
Global rabies diagnostics market is segmented on the basis of diagnostic method, technology, and region.
By Diagnostic Method:
Fluorescent Antibody Test (FAT)
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Rabies Diagnostics Market Pipeline Drugs Overview
The global rabies diagnostics market is also influenced by the existing drugs in the pipeline, which accounts for the presence of rAdC68 rabies vaccine that has been tested in non-human primates without pre-existing immunity adenovirus, as per the Wistar Institute. The rAdC68 rabies prophylactic vaccine, developed by the institute is in pipeline and is seeking collaboration to study the final stage development of this vaccine by conducting the clinical trials.
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Rabies Diagnostics Market Competitive Landscape
Key players operating in the global rabies diagnostics market include Abbexa Ltd., Aviva Systems Biology Corporation, BioNote, Inc., Bio-Rad Laboratories, Inc., Creative Diagnostics, Demeditec Diagnostics GmbH, Express Biotech International Inc., Merck KGaA, MyBioSource.com, Norgen Biotek Corp., and The Wistar Institute.
On the basis of region, the rabies diagnostics market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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