Malaria Diagnostics Market Overview:
Malaria is a life-threatening disease that is transmitted through the bite of infected anopheles’ mosquitos. The infected mosquitos transmit the plasmodium parasite into the bloodstream of human body upon being bitten. As the parasite enters the human body, it travels around the body to affect the liver and matures with time. Upon attaining maturity, the parasite enters the bloodstream to infect the red blood cells in the body. This causes individuals suffering from malaria to frequently experience headache, vomiting, fever, and weakness.
The global malaria diagnostics market is anticipated to exhibit a CAGR of 4.6% during the assessment period between 2018 and 2023. It is reported in a study released by Market Research Future (MRFR), that the market is positively influenced by a number of factors. A major factor influencing this growth is the increasing advancements in technology related to diagnostic tools and the proliferating demand for such treatments in malaria-endemic countries. Other factors driving the market growth are rising support from the government in terms of investment funds and an increase in the collaboration between the research centers and the industry. Malaria diagnostic tests play a significant role in identifying malarial cases, which thereby boosts the growth of the overall malaria diagnostic market.
However, the lack of precise monitoring standards at developing nations, acts as a major factor constraining the market. The lack of awareness among emerging nations and work regulatory framework is of particular concern for both manufacturers and healthcare providers.
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Major key Players:
The global malaria diagnostics market comprises of a number of key and prominent players, including Leica Microsystems GmbH, Premier Medical Corporation Pvt. Ltd, Access Bio. Inc., Beckman Coulter Inc., bioMérieux, Nikon Corporation, Abbott Laboratories, Olympus Corporation, Sysmex Partec GmbH, Siemens Healthineers, and Bio-Rad Laboratories Inc.
March 28th, 2019, Global Health Innovative Technology Fund announced a total of 2.86 Billion Yen to aid 10 partnerships to research and develop new lifesaving drugs, diagnosis, and vaccines for disorders like Vaccines for Leishmaniasis and Malaria, Schistosomiasis, Malaria, Tuberculosis, Dengue, and Diagnostics.
Jan 2nd, 2019, ERADA Technology Alliance LTD, one of the leaders of innovative, rapid diagnostic solutions for early stage detection of infectious diseases, announced the launch of one of the world’s first diagnostic saliva test for malaria.
Malaria Diagnostics Market Segmentation:
The global malaria diagnostics market segmentation is done as per technology and end-user.
Malaria Diagnostics Market Geographical Analysis:
Geographically, the global malaria diagnostic market covers regions such as North America, European, Asia Pacific, and Middle East & Africa.
The North American region holds the largest share of the malaria diagnostic market and leads the global standings. The region is further expected to garner the largest market share during the forecast period 2018 and 2023. The market is slated for growth due to the rise in awareness, advancing medical technologies, favorable compensation setting for various surgical methods and procedures, medical tourism, and expanding growth of the healthcare sector.
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