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Malaria Diagnostics Market Is Expected To Reach US$ 308.2 Mn By 2025

The purpose of the report is to illustrate the state of the market of Malaria Diagnostics, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

According to World Health Organization (WHO), there were an estimated 214 million cases of malaria worldwide in 2015; prompt and accurate diagnosis is critical in effective management of malaria. Global malaria diagnostics market expected to show significant growth during forecast period due to growing prevalence of drug resistant strains of parasites, rising incidence of malaria, massive increases in international travel and government initiatives in awareness and diagnostic programs are primarily driving the growth of malaria diagnostics market globally. There are several ongoing initiatives conducted by different organizations in the malaria diagnostics such as Population Services International (PSI), Clinton Health Access Initiative (CHAI), President’s Malaria Initiative (PMI) and other are fueling the growth of malaria diagnostics market globally. For the purpose of study market is segmented on the basis of technology such as rapid diagnostic tests (RDTs), microscopic diagnosis, molecular diagnosis, serology and drug resistance tests. In the base year 2016, rapid diagnostic tests (such as OptiMAL, ICT, Para-HIT-f, ParaScreen, SD Bioline, Paracheck) is major revenue generating segment due to ease of use, higher sensitivity, reliability and stability are prime factors that fueling the market growth of RDTs market globally. Currently, North America held largest market share due to higher price of diagnostic devices, higher patient awareness, upsurge funding by the government and private organization initiatives in the malaria diagnosis are fueling the growth in North America. It is anticipated that, Asia Pacific will show highest growth during forecast period due to developing economic condition and rising government initiative in diagnosis program would assist the market growth during forecast period 2017-2025.

Market Competition Assessment:

The malaria diagnostics market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as Abbott Laboratories, Access Bio Inc., Beckman Coulter/Danaher, Bio-Rad Laboratories, Inc., Life Technology, Novartis Diagnostics, Ortho-Clinical Diagnostics, Premier Medical Corporation Ltd., Siemens Healthcare, Wako Chemicals, Inc. and other.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Malaria Diagnostics buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Malaria Diagnostics contains:

Analysis and forecast of Malaria Diagnostics market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Malaria Diagnostics market;

Assessment and forecast of Malaria Diagnostics market development;

Financial and business profiles of the leading companies in the Malaria Diagnostics industry.

Scope

– Up to date working Malaria Diagnostics data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Malaria Diagnostics for the period 2018 to 2026

– Planned Malaria Diagnostics additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Malaria Diagnostics projects by region, key countries, and companies

– Details of major planned Malaria Diagnostics projects in the world up to 2026

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