Rabies is a severe disease caused by the rabies virus belonging to family Rhabodoviridae. Rabies is primarily a disease found in animals; however, humans too can be infected through bites of animals such as dogs, raccoons, cats, foxes, bats, and other mammals. Rabies virus infects the central nervous system causing disease in the brain, ultimately leading to death. The early symptoms of rabies are similar to those of other diseases; however, as the disease progresses, specific symptoms appear such as hallucination, insomnia, anxiety, paralysis hyper salivation, hydrophobia etc. Rabies can be prevented by vaccine which is made from inactivated rabies virus. The vaccine is prescribed for high-risk people. It is also given to a person after exposure to the disease for prevention of rabies.
The global human rabies vaccine market is estimated to grow at a significant rate during the forecast period. According to WHO, in 99% of the cases, pet dogs are responsible for the transmission of the virus to humans. Adoption of dogs as pets is a popular trend across the world. Therefore, it is a driving factor of the growth of global human rabies vaccine market. Rise in number of adoption of pets such as dogs, cats, etc. Globally, incidence of human rabies in developing countries, prevalence of animal bite incidences, etc. are expected to propel the global human rabies vaccine market during the forecast period. Furthermore, rise in awareness about the disease, government initiatives to eradicate the disease, entry of new vaccine manufacturers, development in R&D, etc. are the other factors fuelling the growth of the global market through 2025. However, factors such as stringent government regulation regarding efficacy and safety and lack of supply of the vaccine in remote areas are anticipated to be the major restraints of global human rabies vaccine market during the forecast period.
The global human rabies vaccine market can be segmented into cell line type, application, distribution channel, and region. On the basis of cell line type, the global human rabies vaccine market can be divided into chick embryo cells, Vero cell, BHK cells, and others. Vero cell line vaccine is anticipated to hold a significant share of the global market due feasibility of Vero cells. Based on application, the global human rabies vaccine market can be classified into post-exposure prophylaxis and pre-exposure prophylaxis. Based on the distribution channel the global market can be divided into hospital pharmacies, retail pharmacies, and e-commerce.
Geographically, the global human rabies vaccine market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the human rabies vaccine market with the largest share during the forecast period. Surge in investment by the Governments in the countries and public sector, programs to eradicate rabies from the region, etc. are propelling the growth of the global market in the North America. Furthermore, rise in awareness, animal vaccination, high health care expenditure etc. are some other factors leading to the expansion of the market in the region. Europe is anticipated to hold a significant share of the global market due to increase in health care expenditure, rise in pet adoption, etc. in the region. Asia Pacific is estimated to register a rapid growth rate during the forecast period. It is a highly lucrative market owing to the high prevalence of rabies, immunization programs induced by the Governments of the countries, growing investment in R&D sector, entry of new vaccine manufacturers in countries such as India, etc.
To obtain a significant position in the global market the key players in the human rabies vaccine market engage in mergers and acquisitions, robust R&D, cost-effective and efficient vaccine products, collaborative partnerships etc. Some of the prominent players operating in the global human rabies vaccine market are Serum Institute of India, Novartis AG, Cadila Pharmaceuticals Ltd., and Merck & Co., Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.