Malaria Ag Rapid Testing Market Trends

Growth Drivers

• Surge in Adoption of Latest Technology - After the outbreak of the pandemic various technologies proved its importance in various sectors. However, healthcare was greatly benefited from the same. One of the technologies is IoT.  The main issue is to determine the kind of parasite (strains) that cause malaria in individuals, or more specifically, identifying the presence of malaria. At present, many nations with high malaria rates have either nonexistent or very inadequate surveillance systems. Furthermore, many cannot afford it even if it were available. As a result, the demand for IoT in malaria testing is rising. With the Internet of things, every person who is a health volunteer in a tiny village might simply collect a blood sample and get an answer concerning the presence of the malaria parasite without needing any understanding of detecting parasites.
• Rise in Government Initiatives for Awareness Regarding Malaria  - A vital factor in the successful eradication of malaria was health promotion and education. Programmes to raise awareness of malaria have an important effect on health promotion as they improve health-related behaviors and raise awareness of the disease while additionally promoting social support and inter-sectoral cooperation. For instance, Mission Zero Malaria, which has been launched in collaboration with Malaria No More as an implementation partner, is in line with India's 2030 elimination of malaria goal. Its objective is to raise health awareness and encourage the adoption of desired behavior changes within the community, health system, and government bodies in the region.
• Extreme Weather Events to Increase the Prevalence of Malaria   - Severe weather conditions including heat waves and flooding can also have an immediate effect on the burden of disease and its spread. There is growing evidence connecting the spread of malaria to climate change, and certain experts predict that unless considerable steps are taken to combat climate change, malaria transmission will continue to rise globally. For instance, Pakistan experienced catastrophic flooding in 2022, leading to the number of malaria infections rising five-fold. Concurrently, it is believed that additional environmental modifications, such as deforestation, may influence mosquito dispersal patterns and, consequently, the transmission of diseases transmitted by mosquitoes.

Challenges

• Lack of Awareness Regarding Malaria Among People
• Lack of Efficiency of Test
• Lack of Adoption of Technology - The lack of clear demand for improved goods and tiny profit margins make it difficult to provide incentives to encourage malaria RDT innovation. The latest developments in malaria RDT are mostly supported by donors, and they move slowly. Prequalified testing is particularly critical for scenarios where HRP2/3 deletions have occurred. Manufacturers lack access to trustworthy information about the rate at which deletions will spread, the nations that will probably need new testing or the methods that procurers will use to handle these tests (e.g., pricing, sourcing based on product differentiation). Hence, the market is set to be hindered over the forecast period.