As per Next Move Strategy Consulting, the projected market size for the global Malaria Diagnostics is expected to attain USD 1,197.13 million by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 4.8% from 2024 to 2030.
The increasing prevalence of malaria across the globe is one of the key factors creating a positiveoutlook for the market. Also, advancements in malaria diagnosis technologies have recently increased the demand for diagnostic procedures. Moreover, rising government funding to thehealthcare industry, coupled with the increasing investment in R&D, is projected to impact the growth ofthe malaria diagnostics market positively.
However, low awareness among people, especially in underdeveloped countries, regarding malariadiagnosis may restrain the growth of the market to some extent. Also, factors such as stringentregulations, long approval time, and high cost of research & development adversely impact the globalmalaria diagnostics market growth. On the other hand, infrastructural development such as hospitals,healthcare centers, and clinics offering malaria diagnosis in low-income countries such as Nigeria, the Democratic Republic of Congo, Uganda, and others are expected to offer ample opportunities for themarket players.
The global malaria diagnostic market comprises various market players such as Access Bio Inc.,Alere Inc., Novartis Diagnostics, Premier Medical Corporation Ltd., Sysmex Corporation, BeckmanCoulter, Inc., Abbott Siemens Healthcare, Wako Chemicals, Inc. Olympus Corporation, Novartis AG.These market players are collaborating and planning an expansion of business across variousregions to maintain their dominance in the malaria diagnostic market.
KEY BENEFITS:
- The malaria diagnostic market report provides a quantitative analysis of the current market andestimations through 2022-2030 that assist in identifying the prevailing market opportunities tocapitalize on.
- The study comprises a deep-dive analysis of the malaria diagnostic market trend including thecurrent and future trends for depicting the prevalent investment pockets in the market.
- The information related to key drivers, restraints, and opportunities and their impact on the malariadiagnostic market is provided in the report.
- The competitive analysis of the market players along with their market share in the malariadiagnostic marketThe SWOT analysis and Porter's Five Forces model are elaborated in the study.
- Value chain analysis in the market study provides a clear picture of the stakeholders' roles.
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Malaria Diagnostics Market - Trends, Opportunities & Forecast | 2024-2030
RandomThe projected market size for Malaria Diagnostics is expected to attain USD 1,197.13 million by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2030. A notable contributor to this positive trajectory is the escalating g...
