September 23rd, 2022 Coherent Market Insights Releases
A parasite is the illneanss that causes malaria. Through mosquito bites carrying the parasite, people become infected. In nations that are tropical or subtropical, malaria is still widespread. The prognosis of malaria is quite excellent if it is detected early and the proper antimalarials are accessible and administered. A sample of the blood of the patient spreading as a blood smear on a microscope slide may be examined under a microscope to detect malaria parasites. There are several forms of malaria diagnostics on the market, including molecular diagnostic assays, microscopy, and fast diagnostic tests. The traditional method of diagnosing malaria is by microscopic analysis. In endemic nations, microscopy is still regarded as the gold standard for diagnosing malaria. However, there isn’t one malaria diagnostic device that works for everyone.
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The market for malaria diagnostics was estimated at US$ 729.1 Mn in 2021 and is expected to expand at a CAGR of 5.6% from 2022 to 2028 attending US$ 1,068.9 Mn.
In terms of value, Africa accounted for 84.3% of the global market for malaria diagnostics in 2021, followed by the Asia Pacific and Europe, in that order.
Kenya’s Ministry of Health announced the availability of COVID-19 and malaria PCR diagnostic kits in February 2022 in an effort to improve the early identification and treatment of the two illnesses. The kits will protect the nation and households from expensive importation.
In partnership with Global Good, Access Bio Inc. created an ultra-sensitive P. falciparum malaria diagnostic kit in December 2019. When recognising histidine-rich protein 2 (HRP2) antigens, it has an analytical sensitivity that is five times greater than that of the most recent uRDTs.
Over the course of the projected period, rising malaria prevalence is anticipated to fuel market expansion for malaria diagnostics. World Malaria Report 2020 says that there were 627,000 malaria fatalities and 241 million million cases of malaria in 2020, up from 227 million cases in 2019. The continent of Africa is the one where malaria is most prevalent. 96% of malaria-related fatalities worldwide in 2019 happened on the African continent.
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.
The worldwide market for malaria diagnostics is predicted to expand more slowly as more nations become malaria-free. For instance, the World Health Organization (WHO) declared 12 nations malaria-free between 2020 and 2022. The WHO has declared El Salvador, Morocco, Sri Lanka, the United Arab Emirates, Algeria, Turkmenistan, China, Argentina, Kyrgyzstan, Armenia, Uzbekistan, and Paraguay, to be malaria-free nations.
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The expansion of the worldwide market for malaria diagnostics is anticipated to be hampered by rising demand for inexpensive diagnostic tools. For example, malaria is incredibly common in middle- and low-income nations, yet there is little access to adequate public health facilities or reasonably priced tests. As a result, the demand for inexpensive diagnostic instruments is rising quickly along with the frequency of malaria. That is turn is expected to restrain market growth.
Malaria diagnostics market participants should benefit from attractive growth prospects provided by government measures to avoid the disease. For instance, the Global Malaria Programme (GMP) of the WHO (World Health Organization) is in charge of organising the WHO’s international efforts to control and eradicate malaria. In addition, the Nigerian government started a nationwide malaria eradication effort, extending a vector control strategy, increasing access to treatment therapies and mosquito net distribution.
Significant development potential for participants in the global malaria diagnostics market are anticipated to result from growing demand for innovative malaria diagnostic technologies. For instance, the first commercially accessible molecular diagnostic test was introduced by Foundation for Innovative New Diagnostics (FIND), Eiken Chemical Co., Ltd., and Human Diagnostics Worldwide, the in April 2019.
The global market for malaria diagnostics is anticipated to rise as people become more aware of the disease. The World Health Organization, for instance, recognises World Malaria Day on April 25 each year to highlight the collective vigour and dedication of the worldwide malaria community in unifying around the shared goal of a world free of malaria.
The launch of innovative products by industry participants is anticipated to fuel market expansion for malaria diagnostics worldwide. For instance, ERADA announced the introduction of the first diagnostic saliva test for malaria in January 2019. The saliva-based diagnostic device is expected to revolutionise malaria detection globally in the struggle against one of the world’s worst illnesses.
Includes Nikon Corporation, Access Bio, Bio-Rad Laboratories Inc., Abbott Laboratories, Siemens Healthineers, BioMérieux, Premier Medical Corporation Pvt Ltd, Meril Life Sciences Pvt Ltd, and Thermo Fisher Scientific Inc
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Reasons to buy this Malaria Diagnostics Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Malaria Diagnostics market size estimation and recent advancements in the industry are explained.
✔ A comprehensive insight into key players operating in the Malaria Diagnostics Market and their corresponding data. ✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies. ✔ Regional analysis, which includes insight into the dominant market and corresponding market share. ✔ It also includes various socio-economic factors affecting the evolution of the market in the region. ✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Malaria Diagnostics Market Size Analysis from 2022 to 2028 11.6 COVID-19 Outbreak: Malaria Diagnostics Industry Impact
Chapter 2 Global Malaria Diagnostics Competition by Types, Applications, and Top Regions and Countries 2.1 Global Malaria Diagnostics (Volume and Value) by Type 2.3 Global Malaria Diagnostics (Volume and Value) by Regions
Chapter 3 Production Market Analysis 3.1 Global Production Market Analysis 3.2 Regional Production Market Analysis
Chapter 4 Global Malaria Diagnostics Sales, Consumption, Export, Import by Regions (2017-2022) Chapter 5 North America Malaria Diagnostics Market Analysis Chapter 6 East Asia Malaria Diagnostics Market Analysis Chapter 7 Europe Malaria Diagnostics Market Analysis Chapter 8 South Asia Malaria Diagnostics Market Analysis Chapter 9 Southeast Asia Malaria Diagnostics Market Analysis Chapter 10 Middle East Malaria Diagnostics Market Analysis Chapter 11 Africa Malaria Diagnostics Market Analysis Chapter 12 Oceania Malaria Diagnostics Market Analysis Chapter 13 South America Malaria Diagnostics Market Analysis Chapter 14 Company Profiles and Key Figures in Malaria Diagnostics Business Chapter 15 Global Malaria Diagnostics Market Forecast (2022-2028) Chapter 16 Conclusions Research Methodology
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