Malaria Diagnostics Market to grow with a CAGR of 5.86% Through 2031
Increasing prevalence of malaria is
expected to drive the global malaria diagnostics market during the forecast
period, 2027-2031.
According to
TechSci Research report, “Malaria Diagnostics Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2021-2031F”, the Global Malaria Diagnostics Market will grow from USD 0.86 Billion in 2025 to USD 1.21 Billion by 2031 at a 5.86% CAGR. This
is attributable to a significant increase in research and development activities in malaria diagnostics in recent years, driven by the need for more
accurate, rapid, and affordable diagnostic methods to improve malaria
management and control. Additionally, the growing collaboration and partnerships among governments, non-governmental organizations (NGOs), and private-sector companies have helped increase access to malaria diagnostics, particularly
in low-resource settings. These partnerships have helped to develop new
diagnostic technologies and improve the distribution of existing tests, driving
growth in the malaria diagnostics market. For instance, in 2019, Abbott
announced its collaboration between the government of the eastern Indian state
of Odisha and Malaria No More to strengthen Odisha's malaria detection and
surveillance system, and also to eliminate malaria in the state.
However,
the Lack of trained
healthcare workers along with the complexity of malaria diagnosis are likely to
hamper the growth of the global malaria diagnostics market. Moreover, limited access to diagnostic tools in several countries is expected to slow the
growth of the global diagnostic market in the coming years.
Browse over XX market data Figures
spread through 110 Pages and an in-depth TOC on "Malaria Diagnostics Market”
Global malaria
diagnostics market is segmented into technology, end user, and company.
By technology, the global malaria diagnostics market is segmented into molecular diagnostic tests, rapid diagnostic tests, and other tests. The rapid diagnostic tests
sub-segment is expected to hold the largest market share as it is inexpensive,
simple to operate, highly sensitive, and highly specific.
Based on end
user, the global malaria diagnostics market is divided into hospitals &
clinics, diagnostic centers, home care, and others. The hospital & clinics segment is
expected to witness the largest market share. This is attributed to the rise in
the number of cases of malaria, better infrastructure, presence of advanced
technology, and others.
Major
companies operating in global malaria diagnostics market are:
- Access Bio.,
Inc.
- Abbott
Laboratories, Inc.
- bioMérieux
SA
- altona
Diagnostics GmbH
- Bio-Rad Laboratories,
Inc.
- AdvaCare
Pharma
- Meril Life
Sciences Pvt. Ltd.
- Advy
Chemical Pvt. Ltd
- Premier
Medical Corporation Pvt. Ltd.
- ARKRAY, Inc.
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“Middle East
& Africa region dominates the market and is expected to maintain its
dominance in the coming years due to increasing cases of malaria in the region.
The increasing support from developed countries, as well as the World Health Organization (WHO) 's focus on reducing malaria mortality in African countries, are expected to strengthen market growth in the
region. Also, owing to rise in collaborations and partnerships between private
as well as public sector in the region are expected to propel the global malaria
diagnostics market growth through 2028” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Malaria Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Molecular Diagnostic Tests, Rapid Diagnostic Test, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Home care, Others), By Region and By Competition 2021-2031F”, has evaluated the future growth potential of global malaria
diagnostics market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. The report also identifies and analyzes emerging trends, essential drivers, challenges, and opportunities in the global malaria diagnostics
market.
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