The malaria diagnostics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.95% in the forecast period of 2021 to 2028. The growing in the incidences of malaria cases will help in escalating the growth of the malaria diagnostics market. It is one of the leading causes of death in many African, Asian, and Latin American countries, such as Uganda, the Democratic Republic of Congo, Columbia, Peru, and India. Malaria during pregnancy can cause low birth weights, stillbirths, and congenital infection. Technological advancements are also expected to be one of the key drivers for the market for malaria diagnostics. Increasing demand and rising need for high-quality and cost-efficient diagnostic methods are likely to trigger advancements that can offer improved access to diagnostics, especially in remote areas. Heavy investments by government bodies and private investors to curb the disease prevalence is also one of the major factors driving the market for malaria diagnostics. According to the data published by WHO, in 2017, approximately USD 3.1 billion were invested in the control and elimination of the disease by private international investors and government authorities of endemic nations.
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The increasing need for diagnostic instruments in malaria-endemic areas is anticipated to fuel market expansion for malaria diagnostics globally over the course of the projected period. The unveiling of a highly sensitive diagnostic test for malaria that will help researchers identify and treat the illness was announced by PATH and Quansys Biosciences in June 2019. A quantitative immunoassay called the Q-Plex Human Malaria Array helps scientists develop more accurate quick diagnostic tests for malaria and will enhance public health surveillance.
Some Key Highlights in the Report:
The microscopy segment is expected to register largest market share due to the technique's intermittent use for diagnosis.
Rapid diagnostic tests segment accounted for a considerable share in the malaria diagnostics market in 2020, owing to the advantages associated with their use in diagnosis of malaria.
The clinics segment of the malaria diagnostics market accounted for the largest market share among other end user segments in 2020.
The revenue from Africa diagnostics market is expected to grow at a significantly high rate over the forecast period.
Asia Pacific region is expected to hold considerable revenue share due to ongoing technological research and development activities in the field of malaria diagnostics.
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Major toc of the report
Chapter 1: Market overview
Chapter 2: Malaria Diagnostics Market analysis
Chapter 3: Regional analysis of the Malaria Diagnostics Market
Chapter 4: Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-malaria-diagnostics-market
The major players covered in the malaria diagnostics market report are ACCESS BIO. INC, Abbott, bioMérieux SA, Ortho Clinical Diagnostics, Thermo Fisher Scientific, PREMIER MEDICAL CORPORATION PVT LTD, Siemens, Bio-Rad Laboratories, Inc., Hemex Health, QuantuMDx Group Ltd, Meridian Bioscience Europe B.V., Intellectual Ventures Management, LLC., Novartis AG, BD, FYODOR BIOTECHNOLOGIES, Drucker Diagnostics, Danaher, Beckman Coulter, Inc., Sysmex Corporation, Leica Biosystems Nussloch GmbH, Olympus Corporation., Nikon Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately
Profound Questions Answered in this Report:
What is the growth rate of various stages in the value chain of the industry?
Which region has the highest growth rate and size of the emerging market by value in 2022?
Who are the competitive players inMalaria Diagnostics Market?
Which region has the largest share and degree of competition in the industry?
What is the CAGR of the market during the forecast period 2022 to 2027?
Which region is expected to hold the highest market share for the market?
What is the main driver of the Malaria Diagnostics Market?
What is sales volume, revenue, and price analysis of top players of the market?
What are the market opportunities and threats faced by the vendors in the industry?
What has been the impact of COVID-19 on the Malaria Diagnostics Market?
