APAC malaria diagnostics market to grow at 6.1% CAGR through 2030

It is poised to witness the fastest growth amongst other regions.

The Asia-Pacific region is projected to be the fastest-growing malaria diagnostics market with a compound annual growth rate (CAGR) of 6.1% until 2030, said Research and Markets.

The region’s expansion is attributed to high malaria prevalence in countries such as India, Myanmar, and Indonesia, along with increased investment in public health initiatives by governments and international organisations.

Technological advancements and greater awareness of malaria control have also contributed to the region's accelerated adoption of diagnostic tools.

On a broader scale, the global market is expected to reach $1.1b by the end of the forecast period, reflecting a 5.3% CAGR.

“the push for rapid and accurate detection methods, such as rapid diagnostic tests and molecular diagnostics, has gained momentum due to their crucial role in effective disease management,” the report said.