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Rabies Vaccine Market – By Product Type [Baby Hamster Kidney (BHK), Vero Cell Rabies Vaccine], Type (Human, Veterinary), Application (Pre-Exposure Prophylaxis, Post Exposure Prophylaxis), Distribution Channel, Global Forecast (2024 – 2032)
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Rabies Vaccine Market
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 262
Countries covered: 22
Pages: 149
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Rabies Vaccine Market Size
Rabies Vaccine Market size was valued at USD 1.1 billion in 2023 and is anticipated to witness growth at a CAGR of 4.5% from 2024 and 2032. Increasing awareness about rabies prevention and control, particularly in developing regions where rabies is more prevalent, significantly boosts market demand.
Additionally, government initiatives and public health campaigns aimed at eradicating rabies, along with the support of international organizations like the World Health Organization (WHO), also play a crucial role. For instance, WHO and its global partners aim to end human deaths from dog-mediated rabies through a comprehensive One Health approach promoting mass dog vaccination, ensuring access to post exposure prophylaxis, health worker training, improved surveillance, and bite prevention through community awareness. Furthermore, advances in vaccine technology, improving the efficacy and safety of rabies vaccines, further stimulates market growth.
A rabies vaccine is a biological preparation that provides active acquired immunity to rabies, a viral disease typically transmitted through the bite of an infected animal. Rabies vaccines are used both for pre-exposure prophylaxis, which is recommended for individuals at high risk of rabies exposure (such as veterinarians, animal handlers, and travelers to high-risk areas), and for post-exposure prophylaxis, which is administered after a potential exposure to the rabies virus to prevent the onset of the disease. The vaccines are crucial in controlling and preventing rabies in both humans and animals.
Rabies Vaccine Market Trends
Rabies Vaccine Market Analysis
Based on product type, the market is segmented into Baby Hamster Kidney (BHK), purified chick embryo cell rabies vaccine, Vero cell rabies vaccine, and other product types. The Baby Hamster Kidney (BHK) segment dominated the market in 2023 and accounted for USD 452 million.
Based on type, the rabies vaccine market is segmented into human and veterinary. The human segment held a market share of 68% in 2023.
Based on application, the rabies vaccine market is segmented into pre-exposure prophylaxis and post exposure prophylaxis. The post exposure prophylaxis segment is anticipated to grow at a CAGR of 4.2% between 2024 - 2032.
Based on distribution channel, the rabies vaccine market is segmented into hospital pharmacy, online pharmacy, and retail pharmacy. The hospital pharmacy segment dominated the market in 2023 and is anticipated to reach USD 854.3 million by 2032.
North America rabies vaccine market was valued at USD 445.1 million in 2023 and is anticipated to reach USD 635.7 million by 2032.
The U.S. rabies vaccine market is anticipated to grow at a CAGR of 4% between 2024 - 2032.
UK is anticipated to witness robust growth in the global rabies vaccine market.
India rabies vaccine market is anticipated to witness lucrative growth between 2024 – 2032.
Rabies Vaccine Market Share
The market is characterized by a highly competitive landscape with several key players vying for market share. Companies such as Sanofi, GlaxoSmithKline, and Merck & Co. are among the prominent players in the market, offering a range of rabies vaccines for both human and animal use. These companies focus on research and development to enhance the efficacy and safety profiles of their vaccines, as well as on expanding their geographical presence through strategic partnerships and collaborations.
Additionally, the market is witnessing the entry of new players, especially in emerging economies, which is intensifying competition. Factors such as increasing awareness about rabies prevention, government initiatives for vaccination programs, and rising incidences of rabies cases globally are driving the growth of the market, further fuelling competition among key players.
Rabies Vaccine Market Companies
Prominent players operating in the rabies vaccine industry include:
Rabies Vaccine Industry News:
The rabies vaccine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product Type
Market, By Type
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: