Malaria Rapid Diagnostic Devices Market by Product and Geography - Forecast and Analysis 2020-2024

Malaria rapid diagnostic devices market size has the potential to grow by USD 111.63 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (consumables and systems) and geography (North America, Europe, Asia, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Abbott Laboratories, Atomo Diagnostics, bioMérieux SA, Bio-Rad Laboratories Inc., BIOSYNEX SA, Drucker Diagnostics, ERADA Technology Alliance, Omega Diagnostics Group Plc, QIAGEN N.V., and SD Biosensor Inc.

Market Overview

Market Competitive Analysis

The market is fragmented. Market players are continuously focusing on expanding their product portfolio and strengthening their market positions. Drucker Diagnostics, ERADA Technology Alliance, Omega Diagnostics Group Plc, QIAGEN N.V., and SD Biosensor Inc. are some of the major market participants. Although the growing incidence of malaria will offer immense growth opportunities, challenges associated with transportation, storage, and handling of rapid diagnostic tests will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this malaria rapid diagnostic devices market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this malaria rapid diagnostic devices market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Abbott Laboratories
• Atomo Diagnostics
• bioMérieux SA
• Bio-Rad Laboratories Inc.
• BIOSYNEX SA
• Drucker Diagnostics
• ERADA Technology Alliance
• Omega Diagnostics Group Plc
• QIAGEN N.V.
• SD Biosensor Inc.

Malaria Rapid Diagnostic Devices Market: Segmentation by Region

ROW accounted for the largest malaria rapid diagnostic devices market share in 2019 and will offer several growth opportunities to market vendors during the forecast period. The growing incidence of malaria will significantly influence malaria rapid diagnostic devices market growth in this region.

51% of the market’s growth will originate from ROW during the forecast period. Nigeria, Uganda, and the Democratic Republic of Congo are the key markets for malaria rapid diagnostic devices in ROW. Market growth in this region will be faster than the growth of the market in other regions.

Malaria Rapid Diagnostic Devices Market: Segmentation by Product

Consumables provide rapid and accurate results and do not require expert knowledge for handling and performing the test. Many vendors are focusing on the development of non-invasive malaria rapid diagnostics tests and biomarkers for the diagnosis of malaria. These developments will increase the adoption of malaria rapid diagnostics tests, contributing to the growth of the market segment.

Market growth in this segment will be faster than the growth of the market in the systems segment. This report provides an accurate prediction of the contribution of all the segments to the growth of malaria rapid diagnostic devices market size.

Malaria Rapid Diagnostic Devices Market: Key Drivers and Trends

Private and public organizations in developing countries are implementing strategic plans to control malaria by creating awareness about malaria and its diagnostics. During the screening procedure for malaria suspects, around 40% of tests were performed using malaria rapid diagnostic devices. Non-profit organizations such as the WHO and others are conducting awareness programs for the early diagnosis and treatment of malaria. The increasing awareness programs by several organizations will increase the adoption of rapid malaria diagnostic devices, driving market growth.

Government funding and investments encourage vendors to develop rapid diagnostic products in the form of tests, kits, and assays. Funding and financial assistance from regulatory bodies will benefit market vendors. Government support and funds for the early diagnosis of malaria will have a significant impact on the overall market during the forecast period. As a result of such factors, malaria rapid diagnostic devices market will register a CAGR of over 5% during the forecast period. 

Malaria Rapid Diagnostic Devices Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive malaria rapid diagnostic devices market growth during the next five years
• Precise estimation of malaria rapid diagnostic devices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of malaria rapid diagnostic devices industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of malaria rapid diagnostic devices market vendors