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Increasing Prevalence Of Rabies Propel The Growth Of The Market For Rabies: Pivotal Factor Influencing Rabies Diagnostics Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Rabies Diagnostics Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been significant growth in the size of the rabies diagnostics market. It's projected to increase from $1.68 billion in 2024 to $1.78 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. Factors such as globalization and travel trends, the adoption of a one health approach, the development of regulatory standards, progress in animal testing, and environmental influences have all contributed to such growth during the historic period.
How Will the Rabies Diagnostics Market Size Evolve and Grow by 2029?
Projections forecast significant expansion for the rabies diagnostics market in the coming years. The market is forecasted to reach a valuation of $2.3 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this projected growth include an increase in rabies cases, environmental effects, cost-effectiveness, research and development, and surveillance requirements. The forecast period is also expected to witness trends such as governmental drives and immunization schemes, globalisation and travel, a uniform health approach, public health issues, and remote and point-of-care diagnostics.
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What Drivers Are Propelling the Growth of Rabies Diagnostics Market Forward?
The escalating rate of rabies occurrence is projected to boost the expansion of the rabies diagnostics market. Rabies is an avoidable viral disease that is typically transmitted through the bite of an infected animal. The rabies virus targets the central nervous systems of mammals, eventually causing brain deterioration and resulting in death. Rabies diagnostics are employed to identify the presence of the rabies virus in humans and animals using a range of diagnostic tests and methodologies. In addition, the increasing instances of infectious diseases communicated from animals have stimulated the need for rabies diagnostics. For example, in January 2023, as per a report released by the Government of Canada, a federal authority based in Canada, 135 rabies samples were submitted in October 2022, and 159 rabies samples were submitted in November 2022. Therefore, the escalating prevalence of rabies is expected to stimulate the rabies diagnostics market.
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Which Emerging Trends Are Transforming the Rabies Diagnostics Market in 2025?
The emergence of product innovation is a pivotal trend that is garnering traction within the market for rabies diagnostic. Pharmaceutical manufacturers worldwide are endorsing and fostering innovative and effective testing methodologies in the ambit of analytical chemistry. These methodologies offer precise and affordable analytical solutions. These testing products are effectively merged with the routine sample testing procedures. As an illustration, Bio-Rad Laboratories Inc., an American firm specializing in the production and development of niche technological products, launched the CFX Duet Real-Time PCR system in May 2022, which is a device for clinical diagnosis created to support researchers in developing singleplex and duplex qPCR tests. The distinctive attributes of the product facilitate enhanced thermal output as well as a proprietary, precise optical shuttle system and thermal gradient functionality for optimization.
What Are the Key Segments in 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)
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Who Are the Key Players Shaping the Rabies Diagnostics Market's Competitive Landscape?
Major companies operating in the rabies diagnostics market are Bio-Rad Laboratories Inc., The Merck Group, Aviva Systems Biology Corporation, Creative Diagnostics, Demeditec Diagnostics GmbH, Abbexa Ltd., Norgen Biotek Corp., BioNote Inc., Express Biotech International Inc., MyBioSource Inc., QIAGEN N.V., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Fluidigm Corp., Bio-X Diagnostics S.A., Fujirebio Diagnostics Inc., Gold Standard Diagnostics Corp., Heska Corporation, IDEXX Laboratories Inc., InBios International Inc., KHB Shanghai Kehua Bio-Engineering Co. Ltd., Meridian Bioscience Inc., MP Biomedicals LLC, Neogen Corporation, Randox Laboratories Ltd., SDIX LLC, Sigma-Aldrich Corporation, Virbac Animal health Pvt. Ltd., Zoetis Inc.
What Geographic Markets Are Powering Growth 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.
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