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 provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies 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.
Market Segmentation by Types:
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 analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Malaria Diagnostics market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- 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
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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