The malaria diagnostics market is influenced by several dynamics. Firstly, the high prevalence of malaria in tropical and subtropical regions drives the demand for diagnostic tools and tests. The increasing awareness about early diagnosis and prompt treatment of malaria contributes to market growth. Secondly, advancements in technology have led to the development of more accurate and rapid diagnostic methods, such as molecular-based tests and rapid diagnostic tests (RDTs), boosting market expansion. Additionally, initiatives and programs by government and non-government organizations to control and eliminate malaria have fueled the adoption of diagnostic solutions. However, challenges such as the lack of access to diagnostic facilities in remote areas and the emergence of drug-resistant malaria strains pose obstacles to market growth. Overall, the malaria diagnostics market is expected to witness steady growth due to the continued efforts in malaria control and the need for accurate and timely diagnosis.
The global Malaria Diagnostics Market was valued at US$ 729.1 Mn in 2021 and is forecast to reach a value of US$ 1,068.9 Mn by 2028 at a CAGR of 5.6% between 2022 and 2028.
Major Players in the Malaria Diagnostics Industry:
1. Access Bio
Access Bio is a South Korean company that specializes in the development and manufacturing of in-vitro diagnostic products. It was founded in 2002 and is headquartered in Seoul, South Korea. Access Bio operates in more than 130 countries worldwide, including the United States, Germany, and Brazil. In the field of malaria diagnostics, Access Bio has made recent developments. In July 2022, the company announced the launch of its new malaria rapid diagnostic test (RDT) called "CareStart Malaria RDT 3-plex." This innovative test is designed to simultaneously detect three different malaria antigens, enabling accurate and efficient diagnosis of malaria infections.
2. Abbott Laboratories
Abbott Laboratories is an American multinational healthcare company that was founded in 1888. The company is headquartered in Abbott Park, Illinois. Abbott operates in over 160 countries worldwide, including the United States, India, and Australia. In the field of malaria diagnostics, Abbott has been actively involved in research and development. In September 2021, the company announced the launch of its new rapid diagnostic test (RDT) called "m-PIMA™ Malaria Test." This portable and easy-to-use test provides fast and accurate detection of malaria infections, even in remote areas with limited access to laboratory facilities.
3. BioMérieux
BioMérieux is a French multinational biotechnology company that specializes in in-vitro diagnostics. It was founded in 1963 and is headquartered in Marcy-l'Étoile, France. BioMérieux operates in more than 160 countries worldwide, including the United States, China, and Japan. In the field of malaria diagnostics, BioMérieux has been focusing on innovative solutions. In March 2022, the company announced the launch of its new molecular diagnostic test called "VYOO® Malaria." This test utilizes polymerase chain reaction (PCR) technology to provide accurate and reliable detection of malaria parasites, enabling early and precise diagnosis of malaria infections.
4. Meril Life Sciences Pvt Ltd
Meril Life Sciences Pvt Ltd is an Indian medical device company that specializes in the development and manufacturing of healthcare products. It was founded in 2006 and is headquartered in Vapi, Gujarat, India. Meril Life Sciences operates in more than 100 countries worldwide, including the United States, Germany, and Brazil. In the field of malaria diagnostics, Meril Life Sciences has been involved in the development of rapid diagnostic tests (RDTs).
5. Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. is an American multinational scientific equipment and services company that was founded in 2006 through the merger of Thermo Electron and Fisher Scientific. The company is headquartered in Waltham, Massachusetts. Thermo Fisher Scientific operates in more than 180 countries worldwide, including the United States, China, and Germany. In the field of malaria diagnostics, Thermo Fisher Scientific has been actively involved in providing diagnostic solutions.
6. Premier Medical Corporation Pvt Ltd
Premier Medical Corporation Pvt Ltd is an Indian company that specializes in the manufacturing and distribution of medical devices and diagnostic products. It was founded in 1994 and is headquartered in Navi Mumbai, Maharashtra, India. Premier Medical Corporation operates in several countries worldwide, including the United States, United Kingdom, and Australia. In the field of malaria diagnostics, Premier Medical Corporation has been involved in the development and distribution of rapid diagnostic tests (RDTs). However, there have been no specific recent developments announced in this area.
7. Siemens Healthineers
Siemens Healthineers is a German multinational medical technology company that was founded in 1847. The company is headquartered in Erlangen, Germany. Siemens Healthineers operates in more than 70 countries worldwide, including the United States, China, and Japan. In the field of malaria diagnostics, Siemens Healthineers has been focused on providing innovative diagnostic solutions. In November 2021, the company announced the launch of its new malaria rapid diagnostic test (RDT) called "CLINITEST® Malaria Card." This test offers rapid and reliable detection of malaria infections, enabling healthcare professionals to quickly diagnose and treat patients.
8. Bio-Rad Laboratories Inc.
Bio-Rad Laboratories Inc. is an American multinational manufacturer of life science research and clinical diagnostic products. It was founded in 1952 and is headquartered in Hercules, California. Bio-Rad Laboratories operates in more than 100 countries worldwide, including the United States, Germany, and China. In the field of malaria diagnostics, Bio-Rad Laboratories has been actively involved in developing advanced diagnostic technologies. However, there have been no specific recent developments announced in this area.
9. Nikon Corporation
Nikon Corporation is a Japanese multinational corporation that specializes in optics and imaging products. It was founded in 1917 and is headquartered in Tokyo, Japan. Nikon operates in various countries worldwide, including the United States, Germany, and China. While Nikon is known for its cameras and lenses, it has not been specifically involved in the field of malaria diagnostics. The company primarily focuses on the development and manufacturing of optical and imaging equipment for consumer, industrial, and healthcare applications.
Definition- Malaria diagnostics refers to the methods, tools, and techniques used to identify the presence of malaria parasites or their genetic material in a patient's blood, enabling accurate diagnosis and appropriate treatment.
