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Global Malaria Diagnostics Market is set to witness a decent CAGR of 6% from 2021 to 2026 - Leading Market Players are Access Bio, Abbott, Premier Medical Corporation, Bio-Rad Laboratories, Sysmex Partec GmbH, bioMérieux

08-03-2022 01:48 PM CET | Health & Medicine

Press release from: Medi-Tech Insights

Global Malaria Diagnostics Market is set to witness a decent CAGR

Malaria is a life-threatening disease mostly found in tropical and subtropical countries caused by a parasite. These parasites are spread among people through the bites of infected female Anopheles mosquitoes. Globally, the total number of malaria cases in 2020 were 241 million while the deaths due to malaria were 627,000 in the same year. According to WHO, African region is the major contributor to the global burden of malaria accounting for 95% of total malaria cases and 96% of total malaria deaths in 2020. Such high burden of malaria needs early diagnosis to plan for proper treatment and stop the spread of this disease among other people.

Development Of Novel Technologies for Malaria Diagnosis to Fuel the Growth of Malaria Diagnostics Market

The malaria diagnostics market is significantly influenced by technological advancements and development of novel diagnostic tests. Such advances in technology offer numerous advantages to patients and healthcare practitioners by providing better access to high-quality diagnosis at affordable prices, especially in remote areas. Some of the recent developments are listed below:
• In July 2022, Mylab Discovery Solutions launched a comprehensive multiplex RT-PCR kit- PathoDetect Extended Monsoon Fever Panel, for the detection and differentiation between malaria, dengue, Chikungunya, Zika, Salmonellosis bacterial species, Leptospirosis, and Leishmaniasis parasites.
• In February 2022, Kenya's Ministry of Health launched malaria and COVID-19 PCR diagnostic kits to aid timely diagnosis and treatment of these diseases. PlamoCheck malaria diagnostic kit and KEMCoV PCR COVID-19 testing kit are developed locally and are affordable to patients as compared to the imported ones.
• In October 2021, Sysmex introduced its XN-30 research use only (RUO) Automated Hematology Analyzer for the detection of malaria. The automated analyzer features a violet laser and advanced algorithm to determine the level of parasitemia in an EDTA sample.

Explore Detailed Research Insights on Malaria Diagnostics Market @ https://meditechinsights.com/malaria-diagnostics-market/

Initiatives by Government Bodies and Private Institutes to boost adoption of Malaria Diagnostics Market

The global malaria diagnostics market has witnessed a number of initiatives by government bodies and private institutes to either boost the adoption of these tests or to co-develop advanced diagnostic tests. For instance, the US government donated over 1.7 million RDTs for malaria detection and 1.3 million courses of further treatment. Some of the other initiatives are listed below:

• In May 2022, the Global Fund, UnitAid, and the US government along with other partners launched over $120 million support to test-and-treat programs across countries, to provide access to COVID-19 testing and treatment, protect frontline health workers, and reduce COVID-19's negative effects on initiatives to fight HIV, TB, and malaria.
• In October 2021, a five-year strategy 'End Malaria Faster' was released by the US President's Malaria Initiative (PMI), led by the United States Agency for International Development (USAID), that aims to end malaria, address health equities, and improve disease surveillance.
• In January 2019, Abbott Laboratories supported a partnership between Malaria No More, a non-profit organization and the Odisha state government (India) by supplying 1 million RTDs for malaria detection and surveillance as well as provided technical expertise and funding support of $750,000 for a period of three years.

Competitive Landscape Analysis: Malaria Diagnostics Market

The malaria diagnostics market is marked by the presence of key market players such as Access Bio, Inc. (US); Abbott Laboratories (US); Premier Medical Corporation (US); Bio-Rad Laboratories, Inc. (US); Sysmex Partec GmbH (Germany); and bioMérieux (France); and others.

Get a Customized Research Report on Malaria Diagnostics Market @ https://meditechinsights.com/malaria-diagnostics-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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