Rabies Diagnostics Market is Expected At a CAGR 4.62% of During the Forecast Period 2022-2029
The rising cases of neglected tropical diseases (NTDs) will act as major driver accelerating the rabies diagnostics market’s growth rate. The rising cases of dog bites will increase the incidences of rabies and further propel the market’s growth rate. Another significant factor resulting in the expansion of market is the rise in number of laws linked with diagnosis of rabies. Furthermore, surging healthcare expenditure and increasing awareness among population about the risk of virus exposure are the major drivers that will enhance the growth of market. Likewise, advancement in technology associated with diagnosis and launch of new products will show positive impact on the market’s growth rate. Rapid urbanisation, changing lifestyle and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of rabies diagnostics market.
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