Q Fever Market Size

Q Fever Market size was valued at USD 527.4 million in 2023 and is likely to reach USD 1 billion by 2036, registering around 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of Q fever is assessed at USD 548.92 million. The growth of the market can be ascribed to factors, such as, increasing patient pool owing to the higher prevalence of Q fever, growing demand for enhanced diagnostic solutions, and raising awareness of acute & chronic Q fever prevention. Q fever, also designated as Query fever, is an infectious fever that can spread via contact with farm animals, such as, sheep, cattle, and others. Moreover, based on a report published by the National Library of Medicine (NLM) in 2020, about 50 people out of 100,000 suffer from acute Q fever annually while 1 person out of 1,000,000 obtains chronic Q fever in one year. Furthermore, people with low immunity, farmworkers, and old age people are more likely to get Q fever. As per data provided by World Bank, in 2020, 723,484,050 people were stated to be aged 65 years or above. All these factors are projected to influence the global Q fever market positively during the forecast period.