Global Vector Control market growth 2024, Forecast To 2033
13 Feb, 2024
The vector control market has experienced robust growth, escalating from $19.21 billion in 2023 to $20.66 billion in 2024, with a compound annual growth rate (CAGR) of 7.5%. The growth in the historical period is linked to urbanization, population growth, disease control programs, environmental concerns, and the increased use of biological control agents. Moving into the next few years, the market is anticipated to see substantial growth, reaching $28.09 billion in 2028 at a CAGR of 8.0%. The growth in the forecasted period is associated with global health initiatives, the increasing use of genetic control methods, capacity building and training, the growing adoption of a one health approach, and continued urbanization and infrastructure development. Prominent trends in this forecasted period include integrated pest management (IPM), innovative vector surveillance, mobile and telehealth solutions, cross-sector collaborations, and community-based approaches.
Global Vector Control Market Key Driver
The vector control market is set to grow, propelled by the rising prevalence of vector-based diseases. The impact of climate change and geographical distribution influences the transmission of vector-borne diseases, leading to increased adoption of vector control methods. With over 4.2 million reported cases and 3,000 dengue-related deaths globally, according to the European Centre for Disease Prevention and Control in October 2023, the market is responding to the critical need for effective vector control.
Get A Free Sample Of The Global Vector Control Market ReportGlobal Vector Control Market Segments
The global 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
By Geography: The regions covered in the Vector Control market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the vector control market share in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the vector control market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Vector Control Industry Players
Anticimex International AB, Arrow Exterminators Inc., Badische Anilin- und Sodafabrik, Bayer AG, Bell Laboratories Inc., Syngenta AG, Rentokil Initial plc, Food Machinery Corporation Global Solutions, Ecolab Inc., Rollins Inc., Terminix International Co LP, Massey Services Inc., Ensystex Inc., Yem Chio Co Ltd., Sekisui Chemical Co Ltd., Lohmann GmbH & Co. Kg, Guangzhou Broadya Adhesive Products Co Ltd., Scapa Group plc, The National Leader in Mosquito Control, Adchem Corp, Adhesive Applications Inc., Adhesives Research Inc., Advanced Flexible Composites Inc., Adhesive Systems Inc., American Biltrite Inc., Arkema Group, Ashland Inc., Bostik Findley SA, Collano Adhesives AG
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Vector Control Market Overview
Vector control refers to a method for controlling vector-borne diseases spread through mammals, birds, insects, or other arthropods. The primary objective of vector control is to stop or eliminate the local spread of the virus, reduce disease vulnerability, and prevent secondary infections. These vector control methods can be chemical or non-chemical in nature.
Vector Control Global Market Report 2023 provides data on the global vector control market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vector control market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.