Global Rabies Vaccine Market – Growth, Trends, And Forecast (2020 – 2023)
The report presents an in-depth assessment of the Global Rabies Vaccine including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Rabies Vaccine investments from 2020 till 2023.
The Global Rabies Vaccine market is highly competitive and consists of a number of major players. Companies, like Cadila Pharmaceuticals, CSC PHARMACEUTICALS INTERNATIONAL, Changchun BCHT Biotechnology Co. Ltd., GSK group of companies, Merial (part of Boehringer Ingelheim), Merck & Co., Inc., SANOFI PASTEUR, INC., Serum Institute of India Pvt. Ltd., Crucell (Janssen Global Services, LLC) among others.
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The global rabies vaccine market is expected to register a growth rate of CAGR of 5% during the forecast period, 2018 to 2023. Rabies is a virus which can spread by the bite or scratch of the animal and it can affects both domestic and wild animals. The symptoms of rabies include fever, often pain or unusual tingling sensation around the wound. According to the key facts published by World Health Organization (WHO) 59,000 people die of rabies each year and 95% of human rabies cases occur in Asia and Africa. Government is also taking initiatives towards rabies-free world, for instance United Against Rabies, a collaboration of four partners consisting of World Health Organization (WHO), Food and Agriculture Organization of the United Nations (FAO), World Organization for Animal Health (OIE) and Global Alliance for Rabies Control (GARC) developed a global strategic plan (Zero by 30) to achieve zero rabies human deaths.
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Key Market Trends
Rise in Incidences of Animal Bite to Propel the Rabies Vaccine Market
The animal bites are the significant cause of the morbidity and mortality. According to the estimates of World Health Organization (WHO) in the US approximately 4.5 million people are bitten by dogs every year. The dog bite fatality rate is high in low and middle income countries as compared to high income countries However, 55 000 people die annually from rabies, and bites from rabid dogs account for the vast majority of these deaths. Thus, the rise in incidences of animal bite to propel growth of the market over the forecast period.
Other factors driving growth of this market are the low immunization rates in pets and growing number of stray animals in developing countries.
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The key insights of the Rabies Vaccine Market report:
- The report provides key statistics on the market status of the Rabies Vaccine market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Rabies Vaccine market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2020-2023 market development trends of Rabies Vaccine Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
- The report makes some important proposals for a new project of Rabies Vaccine Industry before evaluating its feasibility.
Finally, Rabies Vaccine Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Rabies Vaccine industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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