Malaria Diagnostics Market: Exploring Opportunities through Market Share and Growth Projections

According to TechSci Research report, “Malaria Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global malaria diagnostics market is anticipated to grow at a significant rate in the forecast period, 2024-2028. This is attributed to the significant increase in research and development activities for malaria diagnostics in recent years, driven by the need for more accurate, rapid, and affordable diagnostic methods to improve malaria management and control. Also, the growing collaboration and partnerships between governments, non-governmental organizations (NGOs), and private sector companies have helped to 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. Besides, the lack of access to diagnostic tools in several countries is expected to slow down the growth of the global diagnostic market in the coming years.

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Global malaria diagnostics market is segmented into technology, end user, and company.

Based on technology, the global malaria diagnostics market is segmented into molecular diagnostics tests, rapid diagnostic tests, and others. 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 by developed countries, as well as the focus of the World Health Organization (WHO) on reducing the mortality rate of malaria in African countries, are expected to strengthen the growth of the market 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, 2018-2028, 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”, 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. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global malaria diagnostics market.

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