Reports and Insights issued a report recently titled “Rabies Diagnostics Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The global rabies diagnostics market in 2022 is estimated for more than US$ 1.7 Bn and expected to reach a value of US$ 2.3 Bn by 2030 with a significant CAGR of 4.2%.
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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.
On the other hand, the increasing investments for supporting the on-going research activities for the invention of rabies diagnosis kits are expected to create growth opportunities for the market during the upcoming years.
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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)
 Immunohistochemical Test
 Amplification Methods
 Histologic Examination
 Serology Tests
By Technology:
 ELISA/Immunohistochemistry
 Chromatography techniques
 PCR
 Others
By Region:
 North America
 Europe
 Asia Pacific
 Latin America
 Middle East
 Africa
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.
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