What Is The Current and Historic Market Size Analysis Of The Biorab Market?
The biorab market has seen considerable growth due to a variety of factors.
• Recent years have seen the biorab market growth rate achieve XX (HCAGR). By evolving from $XX million in 2024 to becoming $XX million in 2025, it displays an impressive compound annual growth rate (CAGR) of XX%.
This progression during the historic era is primarily the result of heightened cognizance pertaining to rabies and its prevention measures, the rising occurrence of zoonotic disease, supportive government rules and regulations, along with the increasing number of pets.
What Are The Predictions for The Biorab Market?
The biorab market is expected to maintain its strong growth trajectory in upcoming years.
• The biorab market is projected to appreciate by XX (FCAGR) in the ensuing years, reaching a valuation of $XX million by 2029, exhibiting a compound annual growth rate (CAGR) of XX%.
The anticipated growth during the forecast period can be attributed to an increase in rabies cases, more frequent cattle disease outbreaks, a higher incidence of death due to rabies, low pet immunization levels, and improved pet care. Predominant trends for the forecast period incorporate advancements in immunization technology, state-of-the-art vaccines, groundbreaking developments in animal healthcare, comprehensive vaccination drives, and increasing pharmaceutical approvals and product launches.
What Key Factors and Trends Are Driving The Growth Biorab Market?
The escalation in rabies cases is predicted to fuel the expansion of the biorab market in the future. Rabies is a viral infection that impacts the central nervous system (CNS), caused by the rabies virus, a member of the Rhabdoviridae family. The upsurge in rabies cases can be attributed to the rising populations of stray dogs, who are often not vaccinated and are major transmission agents, coupled with restricted access to post-exposure prophylaxis (PEP) in remote areas, which obstructs immediate treatment. Biorab contributes to minimizing the spread and death rates of rabies by providing effective post-exposure prophylaxis and bolstering vaccination initiatives, particularly in locales with scant healthcare facilities. For instance, the South Dakota Department of Health, a U.S. government agency, reported in April 2024 that South Dakota experienced a 122% surge in rabies incidents in 2023, with 20 animals testing positive compared to a mere nine in 2022. Consequently, the escalating occurrence of rabies is anticipated to catalyze the expansion of the biorab market.
What Are The Core Segments Of The Global Biorab Market?
The biorab market covered in this report is segmented –
1) By Indication: Pre-Exposure Prophylaxis, Post-Exposure Prophylaxis Of Rabies
2) By Distribution Channel: Hospitals And Clinics, Retail Pharmacies, Online Pharmacies, Public Health Programs
3) By End User: Geriatric, Pediatric, Veterinary Use
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Who Are the Key Players In The Biorab Market?
Major companies operating in the biorab market include:
• Vowcare Products Pvt. Ltd.
• Bioethics Lifesciences Pvt. Ltd.
What Are The Regional Insights Into The Biorab Market?
North America was the largest region in the biorab market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biorab market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
