Growing need to eradicate malaria through diagnosis and treatment is expected to fuel market growth.
The global malaria diagnostics market size is expected to reach USD 1.1 billion by 2028, registering a CAGR of 6% over the forecast period, according to the latest report by Reports and Data. Major factor driving market revenue growth is growing need to eradicate malaria through diagnosis and treatment. Malaria is one of the most prevalent life-threatening diseases, affecting tropical and subtropical regions as a result of shifting climates, low economic development, underdeveloped healthcare facilities, and a lack of advanced treatment options.
According to the World Health Organization (WHO), 229 million cases of malaria were recorded globally in 2019, with 94 % of those cases occurring in the Africa region.
Malaria claimed the lives of an around 409,000 people worldwide in 2019. The most vulnerable population to malaria is children under the age of five, who accounted for 67 % of all malaria deaths worldwide in 2019. On the other hand, 31 countries accounted for most of the global malaria deaths in the same year. Deaths in malaria deaths in Nigeria, the Democratic Republic of the Congo, Tanzania, Mozambique, Niger, and Burkina Faso accounted for roughly 51% of all malaria deaths worldwide.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Abbott, Access Bio, bioMérieux SA., Bio-Rad Laboratories, Inc., Danaher (Beckman Coulter), Novartis AG, Premier Medical Corporation, Siemens Healthineers and Thermo Fisher Scientific.
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The Malaria Diagnostics market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Technology Outlook (Revenue, USD Million; 2018 – 2028)
- Microscopy
- Rapid Diagnostic Tests (RDTs)
- Molecular Diagnostic Tests
- Conventional PCR
- Real-Time PCR (qPCR)
End-user Outlook (Revenue, USD Million; 2018 – 2028)
- Hospital
- Clinics
- Diagnostic Centres
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Malaria Diagnostics market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Some Key Highlights in the Report:
- The microscopy segment is expected to register largest market share due to the technique's intermittent use for disease diagnosis.
- Rapid diagnostic tests accounted for considerable share in the malaria diagnostics market in 2020, owing to advantages associated with their use in diagnosis of malaria.
- The clinics segment of the malaria diagnostics market accounted for largest market share among other end user segments in 2020.
- The market revenue from Africa diagnostics market is expected to grow at a significant rate over the forecast period.
- Asia Pacific region is expected to hold considerable revenue share due to the ongoing technological research and development activities in the field of malaria diagnostics.
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