Growing need to eradicate malaria through diagnosis and treatment is expected to fuel market growth.
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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WHO guidelines have recommended that all suspected malaria cases undergo a confirmatory test with microscopy or a Rapid Diagnostic Test (RDT) to confirm the diagnosis and WHO’s “test, treat, and track” policy has supported this recommendation since 2012. Despite the fact that malaria continues to be a public health issue with over 300,000 children under the age of five dying each year, recent control efforts have significantly reduced the disease burden, especially in high-transmission areas of Africa. Introduction of RDT technology has prompted a shift in policy toward confirmatory testing, allowing malaria diagnosis in remote and resource-poor areas, which will propel revenue growth of the malaria diagnosis market.
In addition, growing demand for malaria diagnosis and treatment in Asia Pacific and Latin America will drive market growth. A recent UNITAID article estimates that over 400 million malaria rapid diagnostic test treatments will be needed over the next three years to eliminate global malaria prevalence.
Because of its enormous impact on global health, scientific advancements in malaria diagnosis have been made. Alternative diagnostics methods with more efficient diagnostic solutions are becoming more common. The rising demand for effective malaria diagnosis will also help the market growth in the future.
Lack of awareness about availability of malaria diagnostics in developing countries may restrain evenue growth of the market to a certain extent going ahead. Furthermore, existing diagnostic tests are outdated, making the introduction of new technology-based diagnostic tests difficult.
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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.
- Some of the prominent players in the malaria diagnostics market 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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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the global malaria diagnostics market on the basis of technology, end user and region:
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
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Regional Outlook (Revenue, USD Million, 2018 – 2028)
- Africa
- Nigeria
- Democratic Republic of Congo
- Uganda
- Southeast Asia
- India
- Myanmar
- Indonesia
- Eastern Mediterranean
- Saudi Arabia
- Pakistan
- Western Pacific
- China
- Papua New Guinea
- Cambodia
- Americas
- Venezuela
- Brazil
- Colombia
- Europe
- Turkey
- France
- U.K.
- Germany
Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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