Prompt and accurate diagnosis plays important role in effective management of malaria; global malaria diagnostics market is anticipated to grow significantly during forecast period due to increase in prevalence of drug resistant strains of parasites, growing incidence of malaria, massive increases in international travel and government initiatives in awareness and diagnostic programs are prime factors that fueling the growth of malaria diagnostics market globally.

The report titled “Malaria Diagnostics Market - Growth, Future Prospects and Competitive Analysis, 2023–2030” offers strategic insights into the overall malaria diagnostics market along with the market size and estimates for the duration 2020 to 2030. The research study covers in-depth analysis of market segments based on technology and different geographical regions.

Market size and forecast for these regional and country level markets are presented in this study for the period 2020-2030. Market growth rates for the forecast period 2023-2030 are also included in this report, considering 2021 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global Malaria Diagnostics market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global malaria diagnostics market. This report concludes with company profiles section that highlights major information about the key players engaged in global malaria diagnostics market. In-depth competitive environment analysis and historical years (2020) market size data are also provided in the report.      

Thus, the research study provides a holistic view of the global malaria diagnostics market, offering market size and estimates for the period from 2020 to 2030, keeping in mind the above-mentioned factors.

Malaria must be recognized promptly to treat the patient in time and to prevent further spreading of infection in the community via local mosquitoes; it is estimated that more than 500 million people suffer from malaria infections annually, resulting in about 1-2 million deaths; malaria is a major cause of death in tropical and sub-tropical countries. It is estimated that malaria diagnostics market will show growth during forecast period due to factors such as rising prevalence of drug-resistant strains of parasites, increasing incidence of malaria, growing demand for cost effective diagnostics devices are prime factors that driving the growth of malaria diagnostics market globally. There are different types of technique used in diagnosis of malaria such as microscopic diagnosis, rapid diagnostic tests, molecular diagnosis, serology and drug resistance tests. However, it is observed that, in the base year 2021, rapid diagnostic tests is major revenue generating segment and it is anticipated to grow significantly during forecast period due its faster result, ease if use and higher sensitivity. Rapid diagnostic tests is a useful alternative to microscopic diagnosis where reliable microscopic diagnosis is not possible; however, higher cost of diagnosis with rapid diagnostic tests may negatively impacting the market growth of in some developing countries.

According to World Health Organization (WHO), there were an estimated 214 million cases of malaria worldwide in 2020, and an estimated 438,000 deaths. Approximately 90% of all malaria deaths occur in Africa. In 2020, for the first time, the European Region reported zero indigenous cases of malaria. For the purpose of this study, the global malaria diagnostics market is regionally categorized; among the considered regional markets North America is currently dominating the malaria diagnostics market globally because increased healthcare awareness, upsurge funding by the government, private organization initiatives in the malaria diagnosis and presence of large number of key manufacturer are primarily driving the market growth in North America. It is estimated that Asia Pacific second largest revenue generating segment and it will show highest CAGR during forecast period due to increasing healthcare awareness, rising prevalence of malaria, developing economic conditions would most prominent market drivers in Asia pacific region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Malaria Diagnostics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Malaria Diagnostics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Malaria Diagnostics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Malaria Diagnostics market?
• Which is the largest regional market for Malaria Diagnostics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Malaria Diagnostics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Malaria Diagnostics market worldwide?