by Mosquito borne diseases have become a major public health challenge that impacts millions worldwide. Mosquito borne diseases diagnostics plays a crucial role in controlling the spread of such illnesses. Rapid diagnostic tests help identify diseases like malaria, dengue, chikungunya, Zika etc. at point-of-care settings. Digital diagnostics tools that leverage artificial intelligence are transforming the diagnostics landscape by enabling fast, affordable and accurate disease detection.
The global Mosquito Borne Disease Market is estimated to be valued at US$ 3.59 billion in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Mosquito Borne Disease Market are Masimo, Medtronic Plc, Nihon-Kohden Corporation, GE Healthcare, Koninklijke Philips N.V., Hill-Rom Services, Inc.,Smiths Medical, Nonin, MICROTEK, OSI Systems, Inc. Honeywell International Inc., Promed Technology Co.Ltd., Beurer, Contec Medical Systems Co., Ltd., ChoiceMMed, CONMED Corporation, Stryker, Medline Industries, Inc., Curbell Medical Products, Inc., and Ecomed.
The growing prevalence of Mosquito Borne Disease Market Growth like dengue, malaria etc. has significantly driven the demand for diagnostic solutions. Rapid urbanization and migration has increased the risk of exposure to vector borne illnesses. Moreover, investments by governments and global health organizations in surveillance and containment measures have also augmented market growth.
The global diagnostics market is expanding to cater to the demands of developing economies. Companies are investing in R&D to develop affordable point-of-care devices customized for resource-limited regions. Favorable regulations and initiatives by international bodies to eliminate mosquito borne diseases are encouraging global market expansion.
Market Key Trends
The rising adoption of digital health solutions leveraging AI/ML is a major trend in the Mosquito Borne Disease Market market. AI enabled tools can automate disease detection from microscopic blood samples. They offer advantages like accelerated testing, reduced errors, standardized diagnosis and remote testing capabilities. Another key trend is the development of portable, multi-disease detection kits using microfluidics technology. Such innovations are improving affordability and accessibility of diagnostics in rural areas.
Porter’s Analysis
Threat of new entrants: Low, as it requires huge investment and specialized knowledge/expertise to develop anti-mosquito devices and drugs. Significant Capital is also required to manufacture and market them on large scale.
Bargaining power of buyers: Moderate. Availability of substitutes provide options to buyers. However, demand is inelastic as mosquito borne diseases can cause serious health issues.
Bargaining power of suppliers: Low. Suppliers of raw materials include generic chemicals/API producers. Suppliers don’t influence pricing much due to availability of alternatives.
Threat of new substitutes: Moderate. Alternate methods for mosquito control include spray, coils, patches etc. However, drugs deliver targeted prevention with adherence.
Competitive rivalry: High. Large players dominate but face competition from other large as well as local small regional manufacturers. Manufacturers compete based on pricing & new products.
Geographical regions with highest market value currently include North America and Asia Pacific. Factors like increasing healthcare expenditure, higher disease awareness and technological advancements have aided market growth in these regions.
Africa regions is expected to witness fastest growth during the forecast period. Rising mosquito population, prevalence of diseases and improving access to diagnosis & treatment in developing African countries will drive higher demand for anti-mosquito devices and drugs. Initiatives by governments and global health organizations also aim to curb diseases in Africa.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
