HEALTHCARE

Market Overview: The global rabies diagnostics market is accounted for USD 1,964 million in 2017 and expected to register 4.36% CAGR during the forecast period ( 2018–2023 ). Rabies is a vaccine-preventable viral disease that occurs around 150 countries and territories. It is a viral disease that transmitted through a bite from an infected animal. Rabies is most common in the countries where the population of street dogs is present in large numbers, especially in Asia and Africa. The factors propelling the growth of the global rabies diagnostics market are raising awareness related to rabies, the prevalence of rabies, and several animals. Moreover, increasing research and development activities by non-profit organizations and aggressive strategies by top players such as mergers, expansion, and collaboration for the development of new products and launches by major players are also boosting the growth of the market. However, high costs with the diagnostic and rising vaccinat...