Market Outlook
Rabies virus basically infects the central nervous system and salivary glands which ultimately leads to death. Treatment by vaccination is the best and most effective method in treating as well as preventing rabies. One of the approved and effective methods against rabies is when inactivated rabies vaccine is combined with rabies immunoglobulin.
Rabies is diagnosed by detecting proteins present on the surface of rabies virus using samples of blood, saliva samples, and skin. To get rid of this deadly disease, various government, and privately held organizations actively participate to make people aware of the current scenario.
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Regional Analysis:
On the regional basis, the market is segmented into America, Europe, Asia Pacific and the Middle East & Africa.
The Americas dominate the rabies treatment market owing to the remarkable use of the vaccine for preventing diseases and favorable conditions for research and development. In America, rabies vaccination programs have eliminated domestic dogs as reservoirs of rabies virus. According to the data suggested by Centers for Disease Control and Prevention, an estimated health costs associated with rabies disease detection, and control have risen, exceeding $300 million annually
Europe is the second largest market for rabies treatment market followed by Asia Pacific. Owing to the availability of funds for research and development activities and growing emphasis on research for treating diseases. Asia Pacific shows the fastest growth in this market due to an increase in prevalence of communicable diseases. Particularly, India and China are expected to be an emerging and the fastest growing market.
The Middle East & Africa has the lowest market for rabies treatment due to lack of technical knowledge and poor medical facilities.
Key Players:
Some of key the players in the rabies treatment market are Sanofi (France), Merck & Co. Inc. , CSC Pharmaceuticals International , Pfizer (U.S.), VBI Vaccines Inc. (U.S.), Taj Pharmaceuticals Limited (India), Bio Med Pvt. Ltd., Bavarian Nordic(U.S.), Solvay(U.S.), Informa plc.(U.S.) and others.
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Segmentation:
The rabies treatment market is segmented on the basis of type of rabies, type of treatment, and end users.
On the basis of type of rabies, market is segmented into furious rabies, paralytic rabies and others
On the basis of type of treatment, market is classified into rabies immunoglobin vaccine, bran tissue vaccine, tissue culture and others.
On the basis of end-users, market is segmented into hospitals, clinics, epidemic prevention centres and others.
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