Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Malaria Rapid Diagnostics Devices Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Malaria Rapid
Diagnostics Devices Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Malaria Rapid Diagnostics Devices Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Malaria
Rapid Diagnostics Devices Market is offered. In
accordance with the report, the global Malaria Rapid Diagnostics Devices
Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
After rapid growth from 2008–2013 (48% annual growth rate) the
malaria RDT market size plateaued in 2014 at xx million RDTs. Despite sizable
unserved demand, it is not surprising for growth to slow compared to prior
rates for a number of reasons. First, many countries have already achieved
reasonably high rates of testing in the public sector and will continue to
expand testing, however, increases are likely to be incremental given the
challenges of reaching the periphery. That said, there are still a few high-burden
countries that need to significantly scale public sector RDT use, and this will
drive near-term growth. Second, with respect to the private sector, where many
patients turn for fever care, several projects are addressing some of the
initial barriers to developing these markets (e.g. regulatory and policy
changes; behaviour change strategies; training and supervision; QA). However,
additional work is likely needed, particularly around affordability &
sustainability of models for testing in the retail sector. Without concerted
effort, private sector demand growth is likely to be slow. Finally, one third
of people with fever do not seek any form of care; raising awareness of the
need for diagnosis and directing these populations to providers that test
before treating will take time.
Malaria RDT prices have declined, from an average of US$ .52
for a Pf-only RDT in 2010 to US$ .27 in 2014, with some tenders achieving
prices in the low twenties and high teens. Limited cost analysis suggests that
the lower prices are indeed below cost for some manufacturers and may not be
sustainable. However, there is still considerable variability in pricing, which
keeps the averages higher and allows those companies with very low average
costs to make modest profits on some orders. Procurement data analysis
indicates that the majority of countries have experience with multiple brands
and types of RDTs. However, differences in test procedures limit switching
between RDTs, despite global-level harmonization efforts that have focused on
labelling and instructions for use. This results in a substantial number of
orders being sole sourced often at higher prices, and likely increases
competitiveness resulting in lower prices in large openly competed tenders.
Overall, competition has improved the affordability of RDTs,
although the low prices may put the market’s longer-term health at risk.
Already the market is highly concentrated, raising concerns about supply
security. In 2014, three companies comprised 96.8% of the donor-funded market.
Since one of these suppliers has been providing another with semi-finished
components, 96.8% of the market is effectively relying on two suppliers, even
though there are 29 companies with RDTs meeting WHO recommendations. It is not
clear what caused this consolidation, however, the leading suppliers appear to
have been highly committed to the malaria business: they have a portfolio of
tests types that are among the highest-performing products; they have built out
production capacity capable of filling large orders rapidly; and they have
focused on cost reduction.
Balancing the supplier base and affordable pricing in the malaria
RDT market is challenging. With extreme consolidation comes risks to supply
security and of price setting. For example, acquisition of one company by
another, fire at a plant, a quality issue or business decision to exit the
market at one of these companies could disrupt supply globally. While the
chance of these occurring is small, it is possible. Another risk involves price
setting: when a market is dominated by two suppliers, power theoretically
begins to shift to the suppliers and they can begin to set pricing. While price
setting does not appear to be happening in the malaria RDT market, suppliers
may be opportunistic.
Segment Covered:
This market
intelligence report on the global Malaria Rapid Diagnostics Devices Market encompasses market segments based on test type, sector
diagnostics, procurement and country.
By Test Type the global Malaria RDT Market has
been divided into:
·
Pf-only
·
Combination tests
Pf/pan
Pf/Pv or Pf/Pvom
Pan
·
Pv-only
By
Sector Diagnostics the global Malaria RDT Market has been divided into:
·
Private
·
Public
By
Procurement the global Malaria RDT Market has been divided into:
·
PMI
·
VPP
·
Direct from Mfg
·
UNICEF
·
WHO
·
Others
By country/region, the global Malaria
RDT Market has been divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Bhat Bio-Tech
India (Pte.) Ltd.
·
Advy Chemical
Pvt Ltd
·
Premier Medical
Corporation Ltd
·
Arkray
Healthcare Pvt. Ltd
·
Meril
Diagnostics Pvt. Ltd
·
bioMérieux India
Private Limited
·
Hemex Health
·
Others
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Malaria Rapid Diagnostics Devices Market related investment
& spending and developments by major players of the market are tracked in
this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Malaria
Rapid Diagnostics Devices Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Malaria Rapid Diagnostics Devices Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Malaria Rapid Diagnostics Devices caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Malaria
Rapid Diagnostics Devices Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Malaria Rapid Diagnostics Devices Market
v
Identification
of key factors driving investment opportunities in the Malaria Rapid
Diagnostics Devices Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants