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The growing incidence of malaria in countries has increased the need for malaria rapid diagnostic devices, which can provide rapid test results and can help in better diagnosis. The number of cases of malaria is higher in Africa and Southeast Asian countries because of poverty, the lack of healthcare infrastructure, and less knowledge about parasitic infectious diseases. The growing incidence of malaria is resulting in an increasing demand for malaria diagnostic that provide rapid results. Many countries are promoting the use of malaria rapid diagnostic products such as systems and rapid test kits to facilitate early diagnosis. Therefore, growing incidence of malaria will drive the overall market growth. The analysts have predicted that the malaria rapid diagnostics devices market will register a CAGR of over 5% by 2023.
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Market Overview
Product launches
Companies are focusing on strengthening their market positions and to expand their product portfolio by offering different types of malaria rapid diagnostic products, including assays, tests, and kits. Also, many companies are receiving pre-market approval for its product which in turn will also drive the market growth.
Inaccuracy in rapid diagnostics tests
Inaccuracy and inconsistency in rapid diagnostic test results hinder the adoption of malaria rapid diagnostic devices. The adoption of rapid diagnostic products has increased as they provide rapid test results. However, inaccurate test results (false-negative and false-positive results) can lead to misdiagnosis and wrong treatment. Regulatory bodies have no specific guidelines on how to conduct the rapid diagnostic tests.
For the detailed list of factors that will drive and challenge the growth of the malaria rapid diagnostics devices market during the 2019-2023, view this report.
Competitive Landscape
The malaria rapid diagnostics devices market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Executive Summary
Global Malaria Rapid Diagnostics Devices Market 2019-2023The analyst recognizes the following companies as the key players in the global malaria rapid diagnostics devices market: Abbott, bioMérieux, Bio-Rad Laboratories, QIAGEN, Sight Diagnostics.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the presence of government funding and investments.”
According to the report, one of the major drivers for this market is the increasing awareness about the early diagnosis of malaria will increase the adoption of rapid malaria diagnostics devices and will drive the overall market growth.
Further, the report states that one of the major factors hindering the growth of this market is the challenges associated with transportation, storage, and handling of rapid diagnostics tests.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abbott
- bioMérieux
- Bio-Rad Laboratories
- QIAGEN
- Sight Diagnostics
