Rabies Vaccine Market Market Overview: The global market for rabies vaccines is anticipated to record a 5 percent CAGR growth rate over the forecast period from 2018 to 2023. Rabies is a disease that can spread through the animal s bite or scratch and can affect both national and wild animals. Rabies symptoms include fever, frequently pain, or abnormal tingling around the wound.
According to key facts published by the World Health Organization WHO , every year 59,000 people die of rabies and 95% of cases of human rabies occur in Asia and Africa. Government is also taking measures towards a rabies-free globe, for example United Against Rabies, a partnership of four partners from the World Health Organization WHO , the United Nations Food and Agriculture Organization FAO , the World Organization for Animal Health OIE and the Global Alliance for Rabies Control GARC has established a worldwide strategic plan Zero by 30 to attain zero rabies. Increase in Incidences of Animal Bite to Propel the Rabies Vaccine Market: The bites of animals are the major cause of morbidity and mortality. Approximately 4.5 million individuals are killed by dogs every year, according to projections by the World Health Organization WHO in the US. The dog bite fatality rate is high in low- and middle-income nations compared to high-income countries, however, 55 000 individuals die each year from rabies, and the vast majority of these fatalities are caused by bites from rabid dogs.