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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 size was valued at USD 819.1 million in 2023 and is estimated to grow at 5% CAGR from 2024 to 2032, driven by rising malaria transmission and prevention awareness.
The kits & reagents product segment in the malaria diagnostics industry held a decent share in 2023 and will reach USD 857.4 million by 2032, propelled by the ongoing advancements in diagnostic technologies.
U.S. malaria diagnostics market size reached USD 303.1 million in 2023, driven by increasing population and aging demographics.
Abbott Laboratories, Access Bio, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Danaher corporation, F. Hoffmann-La Roche Ltd, and Nikon Corporation among others.