Malaria Diagnostics Market Size Worth $1.2 Billion By 2030
Malaria Diagnostics Industry Overview The global malaria diagnostics market size is projected to reach USD 1.2 billion by 2030, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Rising prevalence of the tropical disease in endemic countries, development of novel diagnostic techniques, and rising investments by regional governments and private investors are expected to propel market growth. Malaria is one of the most widespread life-threatening diseases, commonly occurring in the tropical and subtropical regions due to changing climate, low economic growth, underdeveloped healthcare infrastructure, and lack of access to advanced treatment. Malaria Diagnostics Market Segmentation Grand View Research has segmented the global malaria diagnostics market on the basis of technology and region: Based on the Technology Insights, the market is segmented into Microscopy, Rapid Diagnostic Tests (RDTs), Molecular Diagnostic Tests. The Ra...