market is segmented on the basis of technology such as rapid diagnostic tests (RDTs) air max 95 mens outlet , microscopic diagnosis, molecular diagnosis, serology and drug resistance tests. In the base year 2016, rapid diagnostic tests (such as OptiMAL, ICT, Para-HIT-f air max 95 womens outlet , ParaScreen, SD Bioline, Paracheck) is major revenue generating segment due to ease of use, higher sensitivity, reliability and stability are prime factors that fueling the market growth of RDTs market globally. Currently, North America held largest market share due to higher price of diagnostic devices nike air max 95 outlet , higher patient awareness, upsurge funding by the government and private organization initiatives in the malaria diagnosis are fueling the growth in North America. It is anticipated that, Asia Pacific will show highest growth during forecast period due to developing economic condition and rising government initiative in diagnosis program would assist the market growth during forecast period 2017-2025.
Market Competition Assessment:
The malaria diagnostics market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as Abbott Laboratories, Access Bio Inc., Beckman CoulterDanaher cheap air max 95 outlet , Bio-Rad Laboratories, Inc., Life Technology, Novartis Diagnostics, Ortho-Clinical Diagnostics, Premier Medical Corporation Ltd. air max 95 outlet sale , Siemens Healthcare, Wako Chemicals, Inc. and other.
Key Market Movements:
- Factors such as rising prevalence of drug resistant strains of parasites, increase in incidence of malaria, rise in international travel and migration, upsurge funding by the government for diagnosis and rising healthcare awareness are primarily driving the growth of malaria diagnostics market globally.
- Vendors in the market are focusing on innovation and technological advances in developing ideal and cost effective diagnostic device air max 95 shoes outlet , this would further influence the growth of malaria diagnostics market globally.
- However, some factors such as lack of healthcare awareness in some region such as African countries where highest number of affected patients are negatively impacting the growth of malaria diagnostics market.
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