Business Survey 2017 - Global malaria diagnostics Market Size, Regional Outlook
Posted by akshayparmar on November 2nd, 2017
malaria diagnostics Market- Growth, Future Prospects and Competitive Analysis, 2017 - 2025 the global malaria diagnostics market was valued at US$ 210.2 Mn in 2016, and is expected to reach US$ 308.2 Mn by 2025, expanding at a CAGR of 4.2% from 2017 to 2025.
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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.
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.
Key Market Movements:
- Factors such as rising prevalence of drug resistant strains of parasites, increase in incidence of malaria, rise in international travel and migration, upsurge funding by the government for diagnosis and rising healthcare awareness are primarily driving the growth of malaria diagnostics market globally.
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Malaria Diagnostics Market Analysis
Chapter 4 Global Malaria Diagnostics Market, by Technology
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