The rabies vaccine is extremely important used to protect against rabies. There are many different rabies vaccines on the market that are both highly effective and extremely safe. They can be employed to halt the progression of rabies in humans, as well as animals, before, during, and after contact with the rabies virus, which is most commonly caused by a bite or a scratch from a diseased animal. Rabies vaccination is considered one of the most vital forms of public health protection globally.
In Asia-Pacific regions, owing to the increase of rabies-related deaths, especially in the developing nations is fueling the growth of the global rabies vaccine market. For instance, according to Indian Medical Association, India witnesses around 20,000 rabies death in one year. Moreover, the awareness related to vaccination and its benefits among individuals is also propelling the growth of the global market. Owing to these factors, there have been significant industrial developments in the global rabies vaccine market. For instance, on June 18, 2020, Valneva SE and Bavarian Nordic A/S announced a partnership for the distribution and marketing of tick-borne and rabies vaccines in some regions of Canada and European countries.
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