Rapid Growth of Malaria Diagnostics Market | Top Key Companies - Access Bio, Alere, Abbott, Premier Medical, Ortho Clinical Diagnostics, Thermo Fisher Scientific | Global Forecasts Till 2022

Marketprognosis.com Publish a New Market Research Report On “Global Malaria Diagnostics Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Malaria Diagnostics Market:

The Global Malaria Diagnostics Market is expected to register a growth rate of nearly 4.5% during the forecast period, 2018-2023.

The upsurge in technological advancement related to diagnostic tools with the increasing demand for treatment in malaria-endemic countries is driving this market. Based on the regional dynamics, Africa is expected to hold a lucrative pie of the market. The key factors favoring the usage of various malarial diagnostic products include the growing funding from government, rise in collaboration amongst the academic research and industry partners, and significant improvement in primary and tertiary healthcare settings.

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The rising demand for diagnostic tools in malaria is one of the primary factors driving the malaria diagnostic market. In recent years, there has been a renewed interest and commitment by World Health Organization (WHO) to eliminate the cases of malaria in around 35 countries by 2030. By 2016, WHO estimated 216 million clinical episodes, and 445,000 deaths due to malaria, globally. Thus, the need for different types of diagnostic tests plays a vital role in the detection of clinically significant malarial cases which is expected to increase the demand for the diagnostic tools for malaria detection.

The lack of proper regulatory standards at the country levels particularly in emerging markets hinders the growth of this market. The weak regulatory framework across the emerging nations is a key concern for the manufacturers and healthcare providers. The lack of clear import export regulations can lead to the usage of substandard products can lead to further complications to the patients. Moreover, due to the lengthy registration procedures, differences in healthcare practices, the market entry parameters need to be evaluated thoroughly for investment considerations. This increases the unforced competition of manufacturers with the unregulated diagnostic test. For instance, as per a report by the WHO the Bulletin of World Health Organization more than 20% private pharmacies carried rapid diagnostic tests which were not evaluated from WHO.

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The MEA region is expected to retain the highest share in the market share over the forecast period, due to the rising investment by the developed countries such as US and UK, larger patient population, coupled with the rising focus of the WHO to reduce the mortality rate of malaria in the African countries. The US accounted for 31% of the total funding for malaria elimination in Africa with approximate funding of 800million USD in 2016. In addition, rising need for early detection, and increased awareness regarding malaria diagnosis is expected to propel the demand for malaria diagnostic market in this region.

Major Key Players:

1 Access Bio Inc

2 Alere, Inc.

3 Abbott

4 Premier Medical Corporation Pvt Ltd

5 Ortho Clinical Diagnostics

6 Thermo Fisher Scientific

7 Seimens Healthineers and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Malaria Diagnostics Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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