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New study offers detailed insights on malaria diagnostics market

Medical Market Research

Prompt and accurate diagnosis plays important role in effective management of malaria; global malaria diagnostics market

According to the latest market report published by Credence Research, Inc. “malaria diagnostics Market Make an Inquiry about this news – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” the global malaria diagnostics market was valued at US$ 210.2 Mn in 2016, and is expected to reach US$ 308.2 Mn by 2025, expanding at a CAGR of 4.2% from 2017 to 2025.

Market Insights:
According to World Health Organization (WHO), there were an estimated 214 million cases of malaria worldwide in 2015; prompt and accurate diagnosis is critical in effective management of malaria. Global malaria diagnostics market expected to show significant growth during forecast period due to growing prevalence of drug resistant strains of parasites, rising incidence of malaria, massive increases in international travel and government initiatives in awareness and diagnostic programs are primarily driving the growth of malaria diagnostics market globally.