October 7, 2020

Americas to Dominate Malaria Diagnostics Market

Industry Research Report – Malaria Diagnostics forecast till 2023, is latest research report on Global Malaria Diagnostics s Industry Report published by MRFR

Malaria Diagnostics Market Analysis

The global malaria diagnostics market is predicted to grow at a 4.6% CAGR over the forecast period (2018-2023), states the latest Market Research Future (MRFR) report. Malaria is a life-threating disease resulting from a parasite that is transmitted from the bite of infected anopheles’ mosquitoes. These infected mosquitoes transport the parasite. The moment such infected mosquitoes bite a person, the parasite gets released into their bloodstream. As the body becomes the host of these parasites, this passes to the liver and then matures. The mature parasites after a couple of days enter the bloodstream and begin infecting the red blood cells. People suffering from malaria experience weakness, headache, fever, and vomiting.

Malaria diagnostics is made through the microscopic test of the blood samples. Fever and other signs similar to malaria demand careful evaluation for diagnosing malaria. This diagnosis includes identifying antigens/products or malaria parasites in the patient’s blood. Accurate and prompt diagnosis is crucial for effective malaria management. Malaria diagnosis systems of superior quality is essential in every setting as misinterpretation or misdiagnosis can lead to mortality and substantial morbidity.

Various factors are propelling the malaria diagnostics market growth. Some of these factors, according to the Market Research Future report, include rapid technological advancements, increasing investments, an increasing number of healthcare facilities and hospitals, various government initiatives, and a burgeoning need for malaria diagnostics. Additional factors pushing market growth include the launch of new diagnostic techniques, rising incidences of malaria, increasing healthcare awareness, and an increase in migration and international travel.

On the contrary, scarcity of appropriate monitoring standards, weak regulatory framework, technological complications, growing need for low-cost diagnostic tests, and lack of awareness about malaria diagnosis are factors that may restrict the malaria diagnostics market growth over the forecast period.

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Malaria Diagnostics Market Segmentation

The MRFR report offers a wide segmental analysis of the malaria diagnostics market on the basis of end user and technology.

Based on technology, the malaria diagnostics market is segmented into molecular diagnostics tests, microscopy, and rapid diagnostic tests. The molecular diagnostics tests are again segmented into real-time polymerase chain reaction (RT-PCR) and polymerase chain reaction (PCR). Of these, the rapid diagnostics test segment will have the largest share in the market over the forecast period.

Based on end users, the malaria diagnostics market is segmented into community healthcare, clinics, hospitals, and others.

Malaria Diagnostics Market Regional Analysis

Based on the region, the malaria diagnostics market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will dominate the market over the forecast period. This is owing to medical tourism, technological advancement, and healthcare awareness.

The malaria diagnostics market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to the malaria cases brought by refugees and tourists in the European region.

The malaria diagnostics market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to the growing elderly population, changing lifestyle, and increasing patient population. Moreover, rising awareness and increasing funding from governments, private sectors, and care-based surveillance systems are also pushing market growth.

The malaria diagnostics market in the Middle East and Africa is predicted to have minimal share over the forecast period. This is owing to low per capita income and stringent government policies.

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Malaria Diagnostics Market Key Players

Leading players profiled in the malaria diagnostics market report include Bio-Rad Laboratories Inc., Olympus Corporation, Nikon Corporation, Leica Microsystems GmbH, Siemens Healthineers, Beckman Coulter Inc., BioMérieux, Sysmex Partec GmbH, Premier Medical Corporation Pvt. Ltd, Abbott Laboratories, and Access Bio. Inc., among others. Key players have used various strategies to create a niche in the market, such as innovative product launches and strategic alliances.

January 2019: Pioneers of innovative and rapid diagnostic solutions for early infectious disease detection ERADA Technology Alliance Ltd has launched the world’s first-ever saliva test to diagnose malaria.

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