Malaria Diagnostics Market Report 2020, New Solutions, Recommendation, Business Plan, Business Strategy and Forecast 2028
Growing need to eradicate malaria through diagnosis and treatment is expected to fuel market growth.
Market Size – USD 747 Million in 2020 Market Growth – 6% Market Trends
– Increasing demand for timely malaria detection
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.
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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.
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.
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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.
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
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
- K.
- Germany
Key Features of the Malaria Diagnostics Report:
- The
report encompasses Malaria Diagnostics market overview along with market
share, demand and supply ratio, production and consumption patterns,
supply chain analysis, and other ley elements
- Offers
insights into production and manufacturing value, products and services
offered in the market, and fruitful information about investment
strategies
- The
report covers an extensive analysis of the trends, drivers, restraints,
limitations, threats, and growth opportunities in the Malaria Diagnostics
industry
- SWOT
analysis and Porter’s Five Forces analysis along with feasibility analysis
and investment return analysis
- Sophisticated
analysis of the market statistics and is represented in graphs, tables,
facts, figures, diagrams, and charts to provide a better understanding
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