Malaria Diagnostics Market Astonishing Growth with Top Influencing Key players
Malaria diagnostics is made through the microscopic test of
the blood samples. Fever and other signs similar to malaria demand careful
evaluation for diagnosing malaria. This diagnosis includes identifying
antigens/products or malaria parasites in the patient’s blood. Accurate and
prompt diagnosis is crucial for effective malaria management. Malaria diagnosis
systems of superior quality is essential in every setting as misinterpretation
or misdiagnosis can lead to mortality and substantial morbidity.
Various factors are propelling the malaria diagnostics
market growth. Some of these factors, according to the Market Research Future
report, include rapid technological advancements, increasing investments, an
increasing number of healthcare facilities and hospitals, various government
initiatives, and a burgeoning need for malaria diagnostics. Additional factors
pushing market growth include the launch of new diagnostic techniques, rising
incidences of malaria, increasing healthcare awareness, and an increase in
migration and international travel.
On the contrary, scarcity of appropriate monitoring
standards, weak regulatory framework, technological complications, growing need
for low-cost diagnostic tests, and lack of awareness about malaria diagnosis
are factors that may restrict the malaria diagnostics market growth over the
forecast period.
The global malaria
diagnostics market is predicted to grow at a 4.6% CAGR over the forecast
period (2018-2023), states the latest Market Research Future (MRFR) report.
Malaria is a life-threating disease resulting from a parasite that is
transmitted from the bite of infected anopheles’ mosquitoes. These infected
mosquitoes transport the parasite. The moment such infected mosquitoes bite a
person, the parasite gets released into their bloodstream. As the body becomes
the host of these parasites, this passes to the liver and then matures. The
mature parasites after a couple of days enter the bloodstream and begin
infecting the red blood cells. People suffering from malaria experience
weakness, headache, fever, and vomiting.
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Market Segmentation
The MRFR report offers a wide segmental analysis of the
malaria diagnostics market on the basis of end user and technology.
Based on technology, the malaria diagnostics market is
segmented into molecular diagnostics tests, microscopy, and rapid diagnostic
tests. The molecular diagnostics tests are again segmented into real-time
polymerase chain reaction (RT-PCR) and polymerase chain reaction (PCR). Of
these, the rapid diagnostics test segment will have the largest share in the
market over the forecast period.
Based on end users, the malaria diagnostics market is
segmented into community healthcare, clinics, hospitals, and others.
Regional Analysis
Based on the region, the malaria diagnostics market report
covers the latest trends and growth opportunities across the Americas, Europe,
the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the
Americas will dominate the market over the forecast period. This is owing to
medical tourism, technological advancement, and healthcare awareness.
The malaria diagnostics market in Europe is predicted to
have the second-largest share in the market over the forecast period. This is
owing to the malaria cases brought by refugees and tourists in the European
region.
The malaria diagnostics market in the APAC region is
predicted to grow at the fastest pace over the forecast period. This is owing
to the growing elderly population, changing lifestyle, and increasing patient
population. Moreover, rising awareness and increasing funding from governments,
private sectors, and care-based surveillance systems are also pushing market
growth.
The malaria diagnostics market in the Middle East and Africa
is predicted to have minimal share over the forecast period. This is owing to
low per capita income and stringent government policies.
Key Players
Leading players profiled in the malaria diagnostics market
report include Bio-Rad Laboratories Inc., Olympus Corporation, Nikon
Corporation, Leica Microsystems GmbH, Siemens Healthineers, Beckman Coulter
Inc., BioMérieux, Sysmex Partec GmbH, Premier Medical Corporation Pvt. Ltd,
Abbott Laboratories, and Access Bio. Inc., among others. Key players have used various
strategies to create a niche in the market, such as innovative product launches
and strategic alliances.
January 2019: Pioneers of innovative and rapid diagnostic
solutions for early infectious disease detection ERADA Technology Alliance Ltd
has launched the world’s first-ever saliva test to diagnose malaria.
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