Malaria Diagnostics Market - By Product (Instruments, Kits & Reagents), Technology (Microscopy, Rapid Diagnostic Tests, Molecular Diagnostic Tests [Conventional PCR & RT PCR]), End-use (Clinics, Hospitals, Diagnostic Centers)– Global Forecast (2024 – 2032)
Report ID: GMI9279
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Published Date: April 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 277
Countries covered: 23
Pages: 198
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Malaria Diagnostics Market
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Malaria Diagnostics Market Size
Malaria Diagnostics Market size was valued at around USD 819.1 million in 2023 and is estimated to grow at 5% CAGR from 2024 to 2032. Malaria diagnostics refer to the methods and techniques used to detect the presence of malaria parasites in a person's blood. These diagnostics are crucial for the prompt and accurate diagnosis of malaria, which is essential for effective treatment and disease control.
Malaria remains a significant global health concern, particularly in tropical and subtropical regions where it is endemic. In 2022, the World Health Organization (WHO) reported a staggering global burden of malaria, with an estimated 249 million cases and 608,000 deaths recorded across 85 countries. The WHO African region bore the brunt of this burden, accounting for a disproportionately high share. With 94% of malaria cases (equating to 233 million) and 95% (580,000) of malaria-related fatalities occurring within this region alone, the impact was particularly severe.
Alarmingly, children under the age of 5 bore the heaviest toll, representing approximately 80% of all malaria deaths within the African region. Thus, the enduring prevalence of malaria in these areas fuels a considerable need for diagnostic tools that can swiftly and accurately detect cases, thereby stimulating market growth.
Furthermore, awareness campaigns, educational programs, and public health initiatives have bolstered understanding of malaria transmission, prevention, and the crucial role of early diagnosis and treatment. By empowering communities with knowledge about malaria risk factors, symptoms, and available diagnostic options, these efforts drive demand for malaria diagnostics, as individuals are motivated to seek timely testing and treatment.
Malaria Diagnostics Market Trends
Point-of-care testing (POCT) which is estimated to reach USD 78.3 billion by 2032, plays a pivotal role in malaria diagnosis, especially in remote or resource-limited settings where access to centralized laboratory facilities is limited.
Malaria Diagnostics Market Analysis
Based on product, the market is divided into instruments and kits & reagents. The kits & reagents segment is forecasted to reach USD 857.4 million by 2032, showcasing robust growth propelled by several key factors.
Based on technology, the malaria diagnostics market is bifurcated into microscopy, rapid diagnostic tests, molecular diagnostic tests, and other technologies. The rapid diagnostic tests segment accounted for USD 432.3 million in 2023.
Based on end-use, the malaria diagnostics market is bifurcated into clinics, hospitals, diagnostic centers, and other end-users. The clinics segment accounted for USD 343.9 million in 2023.
The malaria diagnostics market in the U.S. accounted for a significant revenue of USD 303.1 million in 2023, and this trajectory is set to continue upwards.
The malaria diagnostics market in Germany is expected to experience significant and promising growth from 2024 to 2032.
Japan malaria diagnostics market is anticipated to witness lucrative growth between 2024 – 2032.
The malaria diagnostics market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Malaria Diagnostics Market Share
The malaria diagnostics sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, prominent industry players command significant influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.
Malaria Diagnostics Market Companies
Some of the eminent market participants operating in the malaria diagnostics industry include:
Malaria Diagnostics Industry News:
The malaria diagnostics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product
Market, Technology
Market, By End-use
The above information is provided for the following regions and countries: