Market Dynamics:
Increased government funding for development of diagnostics tests and therapeutics is driving the market growth. Governments across the world are increasing their funding for development of point-of-care diagnostics tests that can provide quick diagnosis of West Nile Virus infections. Furthermore, with rising cases of neuroinvasive West Nile disease, governments are also allocating higher budgets for research and development of effective therapeutics targeting the virus. Additionally, rising awareness about West Nile Virus prevention is also fueling the adoption of diagnostic tests, which is positively impacting the market growth.

Key Takeaways:

The Global West Nile Virus Market Size is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing investment in research and development of novel drugs and vaccines. Major market players are focusing on partnerships and collaborations to develop effective treatment options.

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