Report ID: UCMIG35I2147
Report ID:
UCMIG35I2147 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for rabies veterinary vaccinations was estimated to be worth USD 584.8 million in 2022 and is anticipated to increase at a CAGR of 4.1% from 2023 to 2030. The market is expected to grow due to a number of factors, including an increase in the coverage of animal rabies vaccination in developing nations, a rise in zoonotic disease awareness, an expansion of government efforts to eradicate animal rabies, the implementation of mass dog vaccination campaigns across the nation and country, an increase in the use of rabies-eradication bait programmes in wildlife, and a significant rise in pet ownership rates.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2147