Key Drivers and Opportunities in the Rabies Diagnostics Market: Insights into Trends and Growth
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What Long-Term Growth Rate is Expected for the Rabies Diagnostics Market Between 2025 and 2034?
In the past few years, the size of the rabies diagnostics market has expanded significantly. The market value is expected to increase from $1.68 billion in 2024 to $1.78 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.6%. The growth witnessed in the historic period can be credited to factors such as globalization and travel trends, adoption of the one health approach, development of regulatory standards, improvements in animal testing, and environmental factors.
The market size for rabies diagnostics is projected to experience notable expansion in the coming years, reaching a valuation of $2.31 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. This growth during the forecasted period is attributed to factors such as a rise in rabies cases, environmental influences, cost-effectiveness, research and development efforts, and the need for surveillance. The predicted trends during this period include initiatives and vaccination programs by the government, increased globalization and travel, the adoption of a one health approach, public health issues, and advancements in remote and point-of-care diagnostics.
How Are the key drivers Contributing to the Expansion of the rabies diagnostics Market?
The escalating incidence of rabies is projected to stimulate the expansion of the rabies diagnostics market. Rabies, a preventable viral disease, is typically contracted through the bite of a rabid animal. The rabies virus targets the central nervous systems of mammals, ultimately resulting in brain damage and death. Rabies diagnosis leverages various diagnostic tests and methods to identify the rabies virus in humans and animals. Moreover, the growing instances of infectious diseases transferred from animals have catalyzed the need for rabies diagnostics. For example, according to a report released by the Government of Canada, a Canada-based federal authority, in January 2023, 135 rabies samples were submitted in October 2022 and 159 were submitted in November 2022. Consequently, the escalating incidence of rabies is forecasted to fuel the rabies diagnostics market.
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What Are the Key Firms That Are Driving Transformation in the Rabies Diagnostics Market?
Major companies operating in the rabies diagnostics market are:
• Bio-Rad Laboratories Inc._x000D_
• The Merck Group_x000D_
• Aviva Systems Biology Corporation_x000D_
• Creative Diagnostics_x000D_
• Demeditec Diagnostics GmbH_x000D_
What Current Trends in the Rabies Diagnostics Market Should Industry Players Pay Attention To?
The rabies diagnostics market is increasingly adopting the trend of product innovation. The adoption of innovative and efficient test methods in analytical chemistry that offer precise and cost-effective analytical solutions is being embraced by pharmaceutical manufacturers globally. These innovative testing products are seamlessly incorporated into routine sample testing processes. For example, in May 2022, Bio-Rad Laboratories Inc., a U.S. company that specializes in developing and manufacturing advanced technology products, introduced the CFX Duet Real-Time PCR system. This clinical diagnostic tool is designed to support researchers in developing singleplex and duplex quantitative PCR (qPCR) tests. The product stands out due to its enhanced thermal performance and its patented accurate optical shuttle system and thermal gradient functionality for optimization.
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Which Segments Play a Crucial Role in the Expansion of the Rabies Diagnostics Market?
The rabies diagnostics market covered in this report is segmented –
1) By Diagnostic Method: Fluorescent Antibody Test, Immunohistochemical Test, Amplification Methods, Histologic Examination, Serology Tests
2) By Technology: ELISA Or Immunohistochemistry, Chromatography Techniques, PCR, Other Technologies
3) By End-User: Hospital, Diagnostic Centers, Cancer Palliative Care Clinics, Other End-Users
Subsegments:
1) By Fluorescent Antibody Test: Direct Fluorescent Antibody Test (DFA)
2) By Immunohistochemical: Enzyme-Linked Immunosorbent Assay (ELISA): Western Blotting
3) By Amplification Methods: Polymerase Chain Reaction (PCR), Reverse Transcription PCR (RT-PCR)
4) By Histologic Examination: Microscopic Examination, Tissue Staining Techniques
5) By Serology Tests: Virus Neutralization Test (VNT), Enzyme-Linked Immunosorbent Assay (ELISA)
What Regions Are Driving Expansion in the Rabies Diagnostics Market?
North America was the largest region in the rabies diagnostics market in 2024. The regions covered in the rabies diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Parameters Define the Rabies Diagnostics Market’s Scope?
Rabies diagnostics refers to the process of identifying Rabies disease based on the condition and symptoms. It is a preventable viral illness that is most commonly spread via a rabid animal’s bite. Rabies can be diagnosed once the rabies virus is found in any portion of the infected animal’s brain. In humans, saliva, serum, spinal fluid, and skin biopsies of hair follicles at the nape of the neck are tested for diagnosis.
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