According to the latest research by Future Market Insights, Malaria Ag rapid Testing Market is set to experience 5% growth during the year 2021-2031.
Malaria Ag rapid testing kits allows for quick detection of malarial antigen present in human body without the use of microscopes or in lab set-ups.
Primary advantage of using a rapid testing kit is its ease of collection, cost effectiveness, safety and user friendly.
What is Driving the Demand for Malaria Ag Rapid Testing Market
Malaria Ag rapid testing or rapid diagnostic test are lateral flow immunochromatographic antigen detection test, usually available in test strip or cassette form. These test detect the presence of malarial parasite antigen, in an infected human blood giving results within 15 minutes. Such procedures are simple, safe and easier for quick diagnosis of malaria at an initial stage and does not require special equipment or training.
An increasing number of cases of malaria in tropical countries along with increasing travelers visiting these countries, and in turn getting infected by malaria, can be seen rising in recent years.
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Also the unavailability of lab testing for diagnosis of malaria in most endemic countries has further increased the necessity for the malaria antigen rapid tests.
A per the 2019-20 report by World Health Organization (WHO), an estimated 229 Mn cases of malaria was found globally in 87 malaria-endemic countries in 2019.
Of which, 05 countries in Africa region namely, Nigeria (27%), the Democratic Republic of the Congo (12%), Uganda (5%), Mozambique (4%) and Niger (3%), accounted for about 51% of the global cases.
Thus, the demand for the Malaria Ag rapid testing market is likely to provide incremental opportunity in the forecasted period.
Which Factors are likely to Augment the Growth of the Malaria Ag Rapid Testing Market
The field of malaria Ag rapid testing market is witnessing series of advancements and is further expected to offer effective diagnostic solutions for infections caused by malaria.
An increasing number of deaths caused due to non-diagnosis of malaria at early stages and increased resistance of parasite especially
P.falciparum to anti-malarial drugs has increased the need for these rapid diagnostic tests to diagnose the disease at the earliest and provide for treatment of same.
As per the 2019-20 report by World Health Organization (WHO), 67% (274,000) of the total deaths caused by malaria, at global level, consisted of children below 5 years of age, in 2019.
Investment in malaria programs and research & development for malaria control and elimination are being undertaken by government and industry players in various regions. Various Public and private sector organizations are also playing major role in promoting and supporting the clinical development of key products.
A per the 2019-20 report by World Health Organization (WHO), an estimated US$ 3 Bn was the total funding provided for malaria control and elimination.
Out of this total, US$ 900 Mn (31% of total funds) of funding was contributed by the government of endemic countries.
It is thus, expected for the malaria Ag rapid test market to seek a growth in the forecasted period.
Some of the key players of Malaria Ag rapid testing include
- Abbott
- Accuquik™ Test Kits (USA) Advy Chemical Pvt. Ltd.
- Arkray Healthcare Pvt Ltd
- CTK Biotech Inc.
- Biotrol laboratories Pvt. Ltd.
- malarex Limited (UK)
- Alere
- Ameritek Inc.
- Apacor ltd.
- Atmo Diagnostics
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