Sat, 29 Jan 2022

The new report by Expert Market Research titled, 'Global Malaria Diagnostics Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026', gives an in-depth analysis of the global malaria diagnostics market, assessing the market based on its segments like technology and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 706.7 million

• Forecast CAGR (2021-2026): 5.6%

• Forecast Market Size (2026): USD 980 million

The molecular diagnostic test sector is expected to account for a significant market share in the malaria diagnostics business, based on technology. This rise can be attributed to the tests' great accuracy in detecting distinct types of malaria-causing parasites. The polymerase chain reaction (PCR) and quantitative or real-time PCR are two methods for performing these tests (qPCR). These tests aid in the detection of low parasite numbers and cases of mixed infection. Furthermore, even when identifying low levels of infection, these tests are exceedingly sensitive and accurate. As a result, throughout the projection period, this category is expected to favorably catalyse market expansion.

Industry Definition and Major Segments

Malaria is a tropical and sub-tropical illness caused by a protozoan parasite transmitted by female Anopheles mosquitoes that infects the red blood cells. Malaria patients frequently experience fever, chills, and flu-like symptoms. The malaria-causing parasite develops and multiplies in the liver cells of malaria patients before moving on to the red blood cells. Malaria is normally treatable, but if not treated appropriately, it can be life-threatening.

The technique of identifying the parasite by blood smears under a microscope or a fast diagnostic test is known as malaria diagnostics (RDT).

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/malaria-diagnostics-market

By technology, the market is divided into:

• Microscopy

• Rapid Diagnostics Tests (RDTs)

• Molecular Diagnostic Tests

Molecular diagnostic tests can be further divided into:

• Conventional PCR

• Real time PCR

Regional markets include:

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East

• Africa

Market Trends

During the forecast period, the Middle East and Africa is likely to account for a significant portion of the malaria diagnostics market. This increase can be ascribed to the rising prevalence of malaria in the region, which is caused by the difficult-to-control malaria vector Anopheles gambiae. According to WHO estimates from 2019, Africa alone was responsible for 94% of all malaria infections and fatalities worldwide. Furthermore, governments are progressively spending in the healthcare industry to lower mortality risks linked with malaria, owing to the growing geriatric population worldwide, who are more susceptible to such diseases.

As a result, there is a high demand for malaria diagnostics technology for early diagnosis of the disease. These factors are predicted to have a substantial impact on the industry's growth.

Key Market Players

The major players in the market are Access Bio Inc. Abbott Laboratories, Premier Medical Corporation Ltd., Sysmex Partec GmbH, bioMerieux SA and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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