Global Rabies Diagnostics Market: Overview
Neglected tropical diseases have usually plagued densely populated areas with low resource availability across the globe. Rabies is one such neglected tropical disease that has always troubled animal and human population, especially in the African and Asian countries. The global rabies diagnostics market is likely to gather momentum from such high prevalence of rabies in these parts of the world.
Global Rabies Diagnostics Market: Notable Developments
One of the developments that offer a glimpse into the changing course of the global rabies diagnostics market is as mentioned below:
- In 2017, an invention of a brand new test for detection of rabies in Indonesia, Rabies Immunoperoxidase Antigen Detection (RIAD), paved way for accurate and cost effective solutions for diagnosis of rabies.
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A few of the reputed organizations functioning in the global rabies diagnostics market are as mentioned below:
- Aviva Systems Biology Corporation
- Bio-Rad Laboratories, Inc.
- Creative Diagnostics
- Express Biotech International Inc.
- Norgen Biotek Corporation
- Demeditec Diagnostics GmbH
Global Rabies Diagnostics Market: Key Trends
The following drivers, opportunities, restraints are prognosticated to determine future course of the global rabies diagnostics market over the forecast tenure, from 2019 to 2027.
Growth of the Market Driven by Escalated Initiatives International Healthcare Agencies
Many international healthcare organizations are involved with the establishment of collaboration between healthcare entities for the purpose of commercialization and development of new detection assays so as to drive the initiatives fighting rabies in different parts of the world. A case in point is in collaboration with other healthcare setups like provincial health authorities, World Health Organization is boosting and promoting the research initiatives taken up by many for controlling rabies in different parts of the world. World Health Organization has issued many documents with illustrations about various facets of the disease and a detailed control program for the same. The global rabies diagnostics market is highly likely to gather momentum from such initiatives to curb to spread of the disease.
Fluorescent antibody test or FAT accounted for a lion’s share of the global rabies diagnostics market, thanks to its high application and recommendation by World Health Organization. This test comes with increased specificity as compared to other tests that are available in the market like histology tests and serology and hence find greater use for detection of rabies. Amplification methods are likely to replace many of the usual methods of testing, mainly owing to the numerous benefits that it comes with.
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At present, many products make use of ELISA/immunohistochemistry techniques, which lead to considerable amount of revenue for this segment in the global rabies diagnostics market.
Global Rabies Diagnostics Market: Geographical Analysis
Analysts at TMR have segmented the global rabies diagnostics market based on the parameter of geography to offer a detailed view of the regional markets. Using region as a parameter, the market is divided into the regions of Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America.
Asia-Pacific is estimated to reign over the global rabies diagnostics market over the period of assessment owing to high prevalence of the disease. In addition, there have been sincere efforts by the government and other regulatory bodies to improve the infrastructure of the healthcare system, which is likely to aid in the expansion of the market. North America is estimated to emerge as the another leading region for the market owing to growing alliance by several market players and growing involvement of several non-profit organizations to control the disease in the region.
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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