The Vector Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vector Control Global Market Report 2024, The vector control market size has grown strongly in recent years. It will grow from $19.21 billion in 2023 to $20.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to urbanization and population growth, disease control programs, environmental concerns, emerging infectious diseases, increased use of biological control agents..
The vector control market size is expected to see strong growth in the next few years. It will grow to $28.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to global health initiatives, increasing use of genetic control methods, capacity building and training, the growing adoption of one health approach, urbanization and infrastructure development.. Major trends in the forecast period include integrated pest management (ipm), innovative vector surveillance, mobile and telehealth solutions, cross-sector collaborations, community-based approaches.
The rising prevalence of vector-based diseases is expected to propel the vector control market. The increasing climate’s impact and geographical distribution affect vector-borne disease transmission and spread. Due to such growing prevalence of vector-borne diseases has led to the adoption of vector control methods. These methods of preventing vector-based diseases is done by removing or dumping out water-holding containers and applying vector control methods such as pest control. For instance, in October 2023, according to the European Centre for Disease Prevention and Control (ECDC), a Sweden-based agency of the European Union, over 4.2 million cases and over 3,000 dengue-related deaths have been reported from 79 countries or territories globally. Therefore, the rising prevalence of vector-based diseases is driving the growth of vector control market.
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The vector control market covered in this report is segmented –
1) By Method of Control: Chemical, Physical and Mechanical, Biological, Other Method Of Control
2) By Vector Type: Insects, Rodents, Other Vector Types
3) By Application: Residential, Commercial, Industrial
Technological advancements are a key trend driving the vector control market. The companies operating in the vector control market are increasingly focusing on developing innovative products to meet fast-growing industry demands and expand their business presence across the globe. For instance, in December 2021, Vectorcide International Ltd., a UK-based manufacturer of products for the reduction of vector-borne diseases, launched Vectorcide RP2 Coating, a green Eco-friendly mosquito repellent. Vectorcide RP2 Coating is a one-of-a-kind, safe, and highly effective indoor treatment. As it dries, the coating seals the capsules within the surface. (There are more than 20 billion capsules per square metre.) Typically, the capsules continue to release their active continuously over time through diffusion, and when the mosquito clings to the VC RP2 Coating treated surface, the insect’s pin-like legs puncture the capsules. The entire insect is covered in several technically advanced ingredients, including the repellent, using the company’s unique release mechanism.
The vector control market report table of contents includes:
1. Executive Summary
2. Vector Control Market Characteristics
3. Vector Control Market Trends And Strategies
4. Vector Control Market – Macro Economic Scenario
5. Global Vector Control Market Size and Growth
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26. South America Vector Control Market
27. Brazil Vector Control Market
28. Middle East Vector Control Market
29. Africa Vector Control Market
30. Vector Control Market Competitive Landscape And Company Profiles
Top Major Players:
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