Vector Control Market Worth 20.37 Billion USD by 2023

PUNE, India, April 20, 2018 /PRNewswire/ --

The report "Vector Control Market by Vector Type (Insects and Rodents), End-use Sector (Commercial & Industrial and Residential), Method of Control (Chemical, Physical & Mechanical, and Biological), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow at a CAGR of 5.13% from an estimated value of USD 15.86 Billion in 2018, to reach USD 20.37 Billion by 2023.

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Browse 71 market data Tables and 52 Figures spread through 154 Pages and in-depth TOC on "Vector Control Market"

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The market is driven by factors such as rising prevalence of vector-borne diseases worldwide, rising awareness for vector control methods by renowned organizations such as the WHO, and the high efficiency of chemical-based vector control products.

The chemical segment, by method of control, was the largest in the Vector Control Market in 2017. 

The chemical-based method of control was observed to be the most preferred method, particularly in the North American region as it is highly effective in eliminating disease-causing harmful pests. Chemicals such as Pyrethroids and Fipronil have been widely used to control and eliminate disease-causing adult mosquitoes and larvae of such harmful mosquitoes. This market has witnessed an increased demand from endemic countries such as Tanzania, Uganda, Mozambique, and certain Asian countries such as India, China, and Indonesia.

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Rodents, by vector type, is projected to witness the highest growth rate over the next five years. 

The rodent control segment is projected to grow at the highest rate during the forecast period owing to the increasing initiative programs by public health authorities to control global outbreaks of lethal diseases such as Hantavirus and Hemorrhagic fever with renal syndrome (HFRS). This is followed by the insect control segment owing to the high demand of mosquito control solutions in the North American and Asia Pacific regions.