RABIES ANTISERUM MARKET ANALYSIS

Regional Analysis

Rabies Antiserum Market Regional Insights

North America is expected to dominate the global rabies antiserum market during the forecast period, with a significant contribution from the U.S. This can be attributed to the high prevalence of rabies in the region and the availability of advanced treatment options.  For instance, as per data by the Centers for Disease Control and Prevention in April 2020, approximately 5,000 animal rabies cases are reported annually to the CDC, and more than 90% of those cases occur in wildlife in the U.S. This region holds a substantial percentage of the market share, accounting for approximately 40%.

The Asia Pacific region is expected to witness significant growth during the forecast period, driven by factors such as the high prevalence of rabies in the region, increasing awareness about the disease, and government initiatives to control the disease. India and China are expected to be the major contributors to the growth of the rabies antiserum market in the region. For instance, according to WHO data, India is endemic for rabies, and accounts for 36% of the world’s rabies deaths. The true burden of rabies in India is not fully known, although, as per available information, it causes 18 000-20 000 deaths every year. About 30-60% of reported rabies cases and deaths in India occur in children under the age of 15 years, as bites that occur in children often go unrecognized and unreported. Asia Pacific accounts for approximately 25% of the market share.

Europe is expected to witness moderate growth during the forecast period, driven by factors such as the increasing prevalence of rabies in some parts of the region and the availability of advanced treatment options. However, the market is also facing challenges such as the high cost of treatment and the limited availability of antiserum products. Europe holds around 21% of the market share.