Request FREE sample PDF
Pharmacy benefit management market
Rabies Treatment Market Report Overview
The global rabies treatment market size was USD 4151.5 million in 2021 & the market is expected to reach USD 5592 million by 2031, exhibiting a CAGR of 3.0% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with rabies treatment experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Rabies is a viral disease that affects the nervous system and is typically transmitted through the bite of an infected animal, most commonly dogs. Once clinical symptoms of rabies appear, the disease is almost always fatal, making immediate treatment crucial. Rabies treatment consists of two main approaches: post-exposure prophylaxis (PEP) and supportive care. Post-exposure prophylaxis involves thorough wound cleansing with soap and water, followed by the administration of rabies vaccine and rabies immune globulin (RIG). The rabies vaccine is given in a series of shots over a period of 14 to 28 days, and the number of doses depends on the individual's immune status and the severity of the exposure. The rabies immune globulin provides immediate passive immunity to neutralize the virus until the vaccine stimulates the body to produce its antibodies. PEP is highly effective if administered promptly after exposure, effectively preventing the onset of the disease.
The global rabies treatment market has been steadily growing over the years, driven by the increasing incidence of rabies cases worldwide. Rabies is a viral disease that affects the central nervous system and is primarily transmitted through the bite of infected animals, most commonly dogs. According to the World Health Organization (WHO), rabies is responsible for tens of thousands of deaths annually, with the majority occurring in Asia and Africa. The market for rabies treatment includes vaccines, immunoglobulins, and antiviral drugs, among others.
COVID-19 Impact: Pandemic Diversion of Healthcare Resources and Focus Towards Managing Covid-19 cases Hampered the Market Growth
The outbreak of the Covid-19 pandemic had a notable impact on the rabies treatment market. The diversion of healthcare resources and focus towards managing Covid-19 cases led to disruptions in routine immunization programs in some regions, potentially affecting the coverage of rabies vaccinations. Additionally, the movement restrictions and lockdown measures implemented in various countries limited the availability of rabies post-exposure prophylaxis (PEP) for individuals potentially exposed to the virus. Despite these challenges, the essential nature of rabies treatment and vaccination efforts continued, with healthcare providers adapting to the changing circumstances.
Latest Trends
"One Health Approach to Boost the Market Development."
One prominent trend in the rabies treatment market is the adoption of the One Health approach. The One Health concept recognizes the interconnectedness of human, animal, and environmental health and emphasizes collaboration among different sectors to address zoonotic diseases like rabies effectively. This approach involves close coordination between health authorities, veterinary services, and wildlife conservation organizations to control the spread of rabies. By addressing the disease at its source in animal populations, the One Health approach aims to reduce the risk of human exposure and transmission.
Rabies Treatment Market Segmentation
- By Type Analysis
According to type, the market can be segmented into Cell Culture Vaccines (CCVs), Rabies Immunoglobulin (RIGs), Nerve Tissue Vaccines (NTVs). Cell Culture Vaccines (CCVs) being the leading segment of the market by type analysis.
- By Application Analysis
Based on application, the market can be divided into Pre-exposure Prophylaxis, Post-exposure Prophylaxis. Pre-exposure Prophylaxis being the leading segment of the market by application analysis.
Driving Factors
"Increasing Incidence of Rabies Cases to Drive the Market Growth"
The rising incidence of rabies cases remains a significant driver for the rabies treatment market. Despite being a preventable disease, rabies continues to pose a public health threat in many parts of the world. Factors such as lack of awareness about rabies prevention, inadequate access to healthcare facilities, and the presence of a large reservoir of rabies in stray dog populations contribute to the disease's prevalence. Consequently, the demand for rabies treatments, including post-exposure prophylaxis and pre-exposure vaccinations, remains high to prevent the virus from progressing to a fatal stage.
"Government Initiatives and Vaccination Programs to Drive the Market Development"
Governments and international health organizations have been actively promoting rabies control programs through vaccination campaigns. Mass dog vaccination drives, in particular, have been successful in reducing the prevalence of rabies in some regions. Additionally, initiatives to increase awareness about rabies prevention and the importance of seeking timely treatment after exposure have contributed to higher treatment rates. The support and funding from various health agencies have facilitated the availability of affordable rabies treatment options in low-income and middle-income countries.
Restraining Factors
"Lack of Access to Healthcare Facilities to Impede the Market Growth"
One of the significant challenges in the rabies treatment market is the lack of access to healthcare facilities, especially in rural and remote areas. Rabies treatment, particularly post-exposure prophylaxis, requires prompt administration to be effective. However, in many regions with limited healthcare infrastructure, access to rabies treatment may be delayed, increasing the risk of the virus progressing to a fatal stage. Addressing this challenge requires efforts to improve healthcare accessibility and ensure the availability of rabies treatments in all regions, including remote areas.
Rabies Treatment Market Regional Insights
"Largest Burden of Rabies Cases Worldwide in Asia Pacific to Bolster the Market Development"
Asia stands as the region with the largest burden of rabies cases worldwide, accounting for a significant share of global cases. Among the countries in Asia, India emerges as a hotspot for rabies-related deaths, reporting tens of thousands of fatalities annually. The incidence of rabies in Asia is fueled by factors such as a large population of stray dogs, which act as primary carriers of the virus, and limited access to rabies vaccinations and post-exposure treatments in some regions. Despite these challenges, Asia has shown promising progress in rabies control efforts. Mass dog vaccination campaigns have been implemented in various countries to reduce the number of infected animals and curb the transmission of the virus to humans. These initiatives have been supported by international organizations, governments, and animal welfare groups, working collaboratively to achieve better outcomes in rabies control.
Africa is another region grappling with a high incidence of rabies cases, particularly prevalent in sub-Saharan Africa. The continent faces unique challenges in rabies control, with limited healthcare infrastructure and inadequate access to rabies treatments being significant hurdles. A considerable number of people in rural areas have limited access to healthcare facilities, making it challenging to receive prompt medical attention after potential rabies exposure. Additionally, the availability and affordability of post-exposure prophylaxis and rabies vaccines remain uneven across the continent. Moreover, Africa's large population of stray dogs contributes significantly to the transmission of rabies, acting as reservoirs for the virus. Addressing rabies in Africa necessitates targeted strategies, such as comprehensive dog vaccination programs. Governments, in collaboration with international organizations and animal welfare groups, have been conducting mass dog vaccination campaigns to curb rabies transmission at the source and protect both human and animal populations.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP RABIES TREATMENT COMPANIES
- Cadila Healthcare (India)
- GlaxoSmithKline (U.K.)
- Merial (France)
- Sanofi (France)
- Merck (U.S.)
- Pfizer (U.S.)
- Bayer (Germany)
- AstraZeneca (U.K.)
- Amneal Pharmaceuticals (U.S.)
- Anergis (Switzerland)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4151.5 Million in 2021 |
Market Size Value By |
US$ 5592 Million by 2031 |
Growth Rate |
CAGR of 3% from 2021 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
-
What value is the rabies treatment market expected to touch by 2031?
The global rabies treatment size is expected to reach USD 5592 million by 2031.
-
What CAGR is the rabies treatment market expected to exhibit by 2031?
The rabies treatment is expected to exhibit a CAGR of 3.0% by 2031.
-
Which are the driving factors of the rabies treatment market?
Increasing incidence of rabies cases and government initiatives and vaccination programs are the driving factors of the rabies treatment market.
-
Which are the key players or most dominating companies functioning in the rabies treatment market?
The dominating companies in the rabies treatment market are Cadila Healthcare, GlaxoSmithKline, Merial, Sanofi and Merck.