Pune, India -- (SBWire) -- 08/06/2018 --Rabies Treatment Market: Scenario
Rabies is a deadly virus that usually spreads from the saliva of infected/rabid animals. Animals that are most likely to transmit rabies include bats, raccoons, coyotes, foxes, and skunks. In developing countries, stray dogs are the most likely to get infected with rabies. It is stated by the WHO that rabies infection is responsible for tens of thousands of deaths every year, especially, in Asia and Africa. Signs and symptoms of rabies include headache, nausea, vomiting, confusion, hyperactivity, difficulty in swallowing, agitation, anxiety, hallucinations, insomnia, partial paralysis, hydrophobia (fear of water), and excessive salivation.
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. For instance, the Food and Agriculture Organization (FAO), Global Alliance for Rabies Control (GARC), WHO, and International Organisation for Animal Health (OIE) teamed up together in 2015 to achieve strategic plan of "Zero human Rabies deaths by 2030". The main aim of this initiative is to prioritize healthcare investments in rabies control and coordinate the rabies-elimination efforts.
Despite these drivers, high cost of rabies treatment, and poor healthcare expenditure in developing countries may hamper the growth of the market to a great extent. Despite the great economic development in the Asia Pacific region, some part of the region are facing inadequate health expenditure due to unequal distribution of resources.It is estimated that global rabies treatment market is expected to grow at a CAGR 4.5% during the forecast period of 2017-2023.
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Rabies Treatment Market: 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 othersOn 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.
Rabies Treatment Market: 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.
Rabies Treatment Market: Key Players
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.)
Some Points form TOC for Rabies Treatment Market Research:
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
…To be continued
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