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Recent technological advancements in rabies diagnostics are significantly driving market growth. The combination of AI, point-of-care testing, and advanced molecular techniques represents a significant leap forward in the fight against rabies.
Rabies diagnostics industry size was USD 1.8 billion in 2023 and is projected to expand at 4.7% CAGR from 2024 to 2032, due to the rising cases of animal bites, coupled with favorable government policies.
The fluorescent antibody test (FAT) segment in the rabies diagnostics industry accounted for USD 503.1 million in 2023 and is estimated to grow at significant CAGR from 2024 to 2032, owing to its reliability, accuracy, and long history of use.
The ELISA technology segment in the rabies diagnostics industry is projected to record USD 911.3 million by 2032, due to their high sensitivity and specificity in detecting antibodies or antigens related to the rabies virus.
North America rabies diagnostics industry amassed USD 765.8 million in revenue in 2023 and is projected to depict substantial gains from 2024 to 2032, led by the growing prevalence of rabies in the region.