Published Date: 2019-06-20 | Pages: Ongoing | Tables: Ongoing | Report ID: 7231
Industry: Life Science
One of the most significant Neglected Tropical Diseases (NTD), which is posing a serious threat to the animal and human health is rabies. Various international organizations along with the World Health Organization are taking immense efforts by collaborating with healthcare entities across the globe to combat this disease. The WHO has already published several documents explaining various characteristics of a complete control program for rabies. These activities in the rabies R &D market are likely to propel the growth of the global rabies diagnostics market.
According to WHO, although rabies is a preventable disease, it kills around 59,000 people annually across the world. The report has focused on the key points such as the elimination of rabies that include suitable diagnostics and strong surveillance strategies and immunization of animal and human in developing economies.
In-depth Insights and Understanding of Key Market Dynamics
A new set of guidelines, growth in the number of animals and human getting infected by the virus of rabies and introduction of novels products are some of the important factors that are fuelling the growth of the global rabies diagnostics market. Rising investment in rabies abolition program in low-income, as well as developed economies is creating a positive impact on the global rabies diagnostics market. Some of the other elements which are contributing in creating robust growth of the market are increasing approval by veterinaries for point-of-care diagnostics solutions and growing spending power of pet owners on animal health services either with the help of insurance programs or through direct payment.
Nevertheless, lack of availability of the products, supply chain problems, and highly expensive rabies diagnostics products are some of the elements that are adversely affecting the growth of the global rabies diagnostics market.
By Diagnostic Method
● Serology Tests
● Fluorescent antibody test (FAT)
● Histologic Examination
● Immunohistochemical Test
● Amplification Methods,
● Chromatography Techniques
Among different diagnostic methods used to detect rabies, FAT is expected to take the largest share of the global rabies diagnostics market due to its wide usage and advantages such as those related to improved sensitivity and specificity. It is recommended by popular organizations such as the World Organization for Animal Health (OIE) and the WHO. There are also various technologies used in rabies diagnostics. Among them, ELISA/immunohistochemistry is foreseen to secure a dominant share of the global market because of high adoption of products based on ELISA/immunohistochemistry protocols.
Regional Overview of the Market
Asia Pacific region is likely to lead the global market for rabies diagnostic followed by MEA region. Rabies is one of the most commonly found diseases in Asia Pacific region. According to World Health Organization around 30,000 human deaths occur every year due to rabies. Considering this grave situation, the planning and implementation of many strategies have done by the ASEAN to eradicate rabies in human by 2030.
Top Players in the Market
Bio-Rad Laboratories, Inc., BioNote, Inc., MyBioSource.com., Merck KGaA, Aviva Systems, Creative Diagnostics, Express Biotech International Inc., Demeditec Diagnostics, and Abbexa Ltd., are some of the key players operating in the global rabies diagnostics market.
QY Research’s Unique Research Methodology
QY Research’s team of analysts are always engaged in detail primary research, which consists of in-depth analysis of various strategies adopted by manufacturers, development, and innovation in the products, demand-side users and supply-side providers, and competitive pricing and dynamics. QY Research has carried out secondary research by recognizing the feasibility of the target category of products and technologies and their respective segments, various product offerings, the durability of medical treatments and to target different healthcare facilities across the world.
Accordingly, the expert team of analysts working in the healthcare domain has gradually assessed every piece of information during the period of a research project that constructs a solid base for primary as well as for secondary research. However, it is to be noted that these are just preliminary steps that are being followed by the team of research analysts.
The team at QY Research is committed to make this report a comprehensive one and to complete this task the analysts have done detail forecasting which is based on internal models and methodology. This methodology uses several macro-economic factors such as healthcare expenditure and per capita income.
QY Research provides forecast data, and in-depth analysis and research with the help of industry experts, market analysts and consultants. While offering these elements the team ensured the reliability of information with the help of multi-check audit process.
Reasons to Buy this Report
● For exclusive data about the global Rabies Diagnostics Market in our latest research report.
● For authentic forecasts pertaining to capacity, production, value, consumption, growth rate (CAGR), market share, and milestones so far.
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For identifying significant trends, drivers, influence factors in global, and regions.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Life sciences is a wide branch of study that is gradually becoming an integral industry to the global economics. QYR Consulting looks at the steady transformation of the life sciences industry and its impact on the subindustries such as medical care, pharmaceutical, and medical devices. Our team of esteemed analysts have put together reports to analyze the monumental changes life sciences is expected to bring in the overall healthcare industry. These reports identify the exact turning points for the industry and open up a platform for discussing its growth.
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