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Malaria Diagnostics Industry Share and Size, Market Analysis, Trends and Growth, End-use And Segment Forecasts To 2022
Global malaria diagnostics market is expected to reach USD 180.0 million by 2022, according to a new report by Grand View Research Inc. The global malaria diagnostics market is projected to grow rapidly in the next few years. Some key factors supporting the industrys growth are increasing demand for malaria diagnostics in malaria endemic countries, development of technologically advanced and efficient products, and awareness of the disease among the population.
However, increasing number of countries in malaria elimination phase is one of the key factors hindering the growth of the industry. Additionally, the rising demand for low-cost diagnostics tests is likely to further restrict the growth of the industry in the near future.
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The malaria diagnostics market by technology is categorized into microscopy, rapid diagnostic tests, and others. The RDT malaria diagnostics industry is anticipated to grow at the highest CAGR over the forecast period. High sensitivity, quick results, and less skilled workforce are some of the factors driving this market growth. On the other hand, microscopic malaria diagnostics market, by volume, is projected to grow at a significant CAGR of 3.7% during the period 2015 to 2022.
Hexa Reports Market Research Reports and Insightful Company Profiles Further key findings from the study suggest:
Africa is estimated to dominate the malaria diagnostics market in terms of volume, with a share of around 58% in 2015. The region is estimated to account for highest disease burden owing to several factors including local weather conditions, poverty, high distribution of P. falciparum, socio-economic instability, and under developed healthcare system among others.
The RDT malaria diagnostics market, in terms of value, is anticipated to grow rapidly at the highest CAGR of 4.1% during the review period. As of 2015, the industry is estimated to be led by Africa owing to the highest disease burden as well as limited access of microscopy services in the underprivileged parts of the region.
The microscopy is estimated to account for the largest share in the MD market by technology. As of 2013, over 190 million patients were screened by this method. The microscopic malaria diagnostics market was estimated to be led by India, which accounted for over 120 slide examinations in 2013. Some major players of this market include Access Bio Inc., Alere Inc., Premier Medical Corporation, bioMrieux, and Beckman Coulter Inc.
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Table of Contents
Chapter 1. Methodology and Scope 1.1. Research methodology 1.2. Research scope & assumption 1.3. List of data sources
Chapter 2. Executive Summary 2.1. Malaria Diagnostics Market - Industry Summary and Key Buying Criteria, 2012 - 2020
Chapter 3. Malaria Diagnostics Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects, 2012-2020 3.3. Malaria Diagnostics: Market dynamics 3.3.1. Market driver analysis 22.214.171.124. Increasing demand for diagnostic tools in malaria endemic countries 126.96.36.199. Development of technically advanced and efficient diagnostics 3.3.2. Market restraint analysis 188.8.131.52. Growth in countries moving towards malaria elimination phase 184.108.40.206. Rising demand for low cost diagnostic tools 3.4. Key opportunities prioritized
Hexa Reports Market Research Reports and Insightful Company Profiles 3.5. Malaria Diagnostics Industry analysis - Porter's Five Forces Model 3.6. Malaria Diagnostics Market - PESTEL Analysis 3.7. Malaria Diagnostics: Company Market Share Analysis (%), 2014
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