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