Malaria Diagnostics Market: Current Analysis and Forecast (2021-2027)

Malaria Diagnostics Market is anticipated to grow with an elevated CAGR of around 5% over the forecast period (2021-2027). The proper treatment for malaria is not available in many parts of the world and people are continuously dying because of this parasitic disease. The unavailability of the proper diagnostic techniques is one of the major causes of fatality in such regions.

With the rapid advancement in technology and rising awareness among the population regarding the severity of the disease along with the continuously increasing malaria cases in the tropical and subtropical regions significantly increasing the market for malaria diagnostics. Furthermore, the government initiatives to control malaria surge the demand for the proper diagnostic techniques. For instance, the government of India has launched the National Framework For Malaria Elimination In India (2016-2030) which outlines India's strategy for elimination of the disease by 2030. The framework has been developed with a vision to eliminate malaria from the country and contribute to improved health and quality of life and alleviation of poverty.

Access Bio., Inc., Abbott Laboratories, Premier Medical Corporation Pvt. Ltd., Sysmex Partec GmbH, bioMerieux, Beckman Coulter, Inc., Siemens Healthineers, Leica Microsystems GmbH, Nikon Corporation, and Olympus Corporation., are some of the prominent players operating in the Malaria Diagnostics market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new varieties of Malaria Diagnostics devices.

Insights Presented in the Report:

"Amongst Technology, PCR segment holds the major share"

Based on technology, the market is segmented into rapid diagnostic tests (RDTs), PCR, microscopy, ELISA, and others. The PCR segment is expected to have a lucrative market share during the forecast period owing to increasing investment in the research and development of better molecular diagnostic techniques coupled with frequent product launches. For instance, In 2020, PathoDetect Malaria Screening Kit for diagnosis of Malarial parasite by RT-PCR. It is a standardized RT-PCR assay with high accuracy and a combination of validated primers, hydrolysis probes, and hot-start DNA polymerase ensuring that the kit leads to highly-specific and ultrasensitive results in a single step.

"Amongst End-users, hospital segment holds the major share"

Based on end-users, the market is segmented into hospitals, clinics, and diagnostics laboratories. The hospital segment grabbed a significant market share in 2020 and is anticipated to grow at a rapid rate in the upcoming years owing to the rapidly increasing geriatric population and rising prevalence of various chronic diseases. The old-aged people are most susceptible to malaria and it can be more deadly in this age group. For instance, as per the WHO, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%.

"MEA represents one of the largest markets of Malaria Diagnostics market"

For a better understanding of the market dynamics of the Malaria Diagnostics market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), Latin America and Middle East & Africa(LAMEA). In 2020, the MEA held a significant share of the malaria diagnostic market and it is also expected to rise during the forecast period. The national and international efforts to eliminate malaria from the region attributed to the growth of the malaria diagnostic market. For instance, the UNHCR launched a malaria action plan for a malaria-free world that is mainly targeted, Africa due to its largest number of malaria cases. The Global Malaria Action Plan will guide and unify the malaria community in its efforts to provide timely and effective assistance to endemic countries with sufficient funding and political support.

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Deep dive regional level analysis of the industry

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