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Malaria Diagnostics Market to Grow at a Promising CAGR 5.1% by 2026, Exclusive Report
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Key Takeaways:
The malaria diagnostics market refers to the global market for products and technologies used in diagnosing malaria infections.
The market is driven by the high prevalence of malaria in many parts of the world, particularly in regions such as Sub-Saharan Africa, Southeast Asia, and Latin America.
Rapid diagnostic tests (RDTs) are the most commonly used diagnostic method for malaria. They provide quick results and are relatively inexpensive.
Molecular diagnostics, such as polymerase chain reaction (PCR), are increasingly being adopted for malaria diagnosis due to their high sensitivity and ability to detect low-level infections.
The market is witnessing advancements in technology, including the development of automated diagnostic platforms and point-of-care devices, which improve testing accuracy and convenience.
Market Drivers:
High Prevalence of Malaria: Malaria remains a significant global health concern, especially in regions with high transmission rates, such as Sub-Saharan Africa, Southeast Asia, and Latin America. The high prevalence of malaria creates a demand for effective and accurate diagnostic tools.
Government and International Initiatives: Governments, non-profit organizations, and international bodies are actively involved in malaria control and elimination programs. These initiatives drive the demand for malaria diagnostics as part of comprehensive malaria control strategies.
Technological Advancements: The market is experiencing advancements in diagnostic technologies, including the development of rapid diagnostic tests (RDTs) and molecular diagnostics. These innovations offer improved sensitivity, specificity, and ease of use, enhancing the accuracy and efficiency of malaria diagnosis.
Market Segmentation:
Diagnostic Method: a. Rapid Diagnostic Tests (RDTs): These are simple, low-cost, and easy-to-use tests that detect malaria antigens in a patient's blood. b. Molecular Diagnostics: This includes techniques such as Polymerase Chain Reaction (PCR) that detect the presence of malaria parasites' DNA or RNA in the blood.
End User: a. Hospitals and Clinics: Diagnostic tests are performed in healthcare facilities, including hospitals and clinics, by trained healthcare professionals. b. Diagnostic Laboratories: Specialized laboratories conduct malaria diagnostic tests, particularly molecular diagnostics. c. Research Institutes: Research institutions play a role in developing and evaluating new diagnostic methods and technologies.
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Regional Growth Dynamics:
Based on geography, LAMEA contributed to 94% of the global malaria diagnostics market revenue in 2018, and is anticipated to maintain the lion's share till 2026. At the same time, the Asia-Pacific region would showcase the fastest CAGR of 6.1% during the study period. Surge in awareness regarding the use of antimalarial drugs in this region has propelled the growth. However, North America would register a CAGR of 4.1% by 2026.
Competitive Landscape:
Abbott Laboratories
BioMérieux SA
bioMérieux SA
Cepheid Inc. (a Danaher Corporation company)
Chembio Diagnostic Systems, Inc.
Meridian Bioscience, Inc.
Premier Medical Corporation Ltd.
QIAGEN N.V.
Roche Diagnostics (a division of F. Hoffmann-La Roche Ltd)
Sysmex Corporation
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