African Region is Largest Market for Malaria Diagnostics and the Global Market is Expected to Surpass $1 billion by 2030

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A new report from Industry Experts Inc, on "Malaria Diagnostics," reveals that the global Malaria Diagnostics market is estimated at US$808 million in 2024 and is expected to record a CAGR of 5.3% during the 2024-2030 analysis period and stand at a projected US$1.1 billion by 2030.

The global Malaria Diagnostics market is driven by several key growth trends which include the rising incidence of malaria in various regions, particularly in sub-Saharan Africa and parts of Asia and increased awareness of malaria’s impact on public health has led to greater investment in diagnostic technologies and research. Additionally, the push for rapid and accurate detection methods, such as Rapid Diagnostic Tests (RDTs) and molecular diagnostics, has gained momentum due to their crucial role in effective disease management.

The Middle-East & Africa region holds the dominant position in the Malaria Diagnostics market, accounting for 86.3% in 2024, due to the high burden of malaria cases and the significant prevalence of the disease in the region. Meanwhile, the Asia-Pacific region is projected to be the fastest-growing market, with a CAGR of 6.1% during the forecast period 2024-2030. This growth is driven by factors such as the high prevalence of malaria in countries like India, Myanmar, and Indonesia and investment by governments and international organizations in public health initiatives.

The global market for Malaria Diagnostics is analyzed in this report covering the major regions including North America (The United States, Canada, and Mexico), Europe (France, Germany, Spain, Italy, Belgium, Netherlands & Rest of Europe), Asia-Pacific (Afghanistan, Bangladesh, India, Indonesia, Myanmar, Pakistan, Papua New Guinea, Thailand & Rest of Asia-Pacific), South America (Brazil, Colombia, Peru, Venezuela & Rest of South America) and Middle East & Africa (Angola, Burkina Faso, Cameroon, Democratic Republic of Congo, Ethiopia, Ghana, Mali, Mozambique, Niger, Nigeria, Uganda, United Republic of Tanzania & Rest of Middle East & Africa).

Malaria diagnostics market studied in this report with respect to Technology – Microscopy, Rapid Diagnostic Tests and Molecular Diagnostic Tests; and End-User – Hospitals, Clinics and Diagnostics Centers.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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