Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Malaria Ag Rapid Testing Market size was over USD 36.93 billion in 2024 and is projected to reach USD 67.93 billion by 2037, growing at around 4.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of malaria ag rapid testing is assessed at USD 38.44 billion.
This market is poised to rise on account of the growing prevalence of malaria. According to the World Health Organization, in comparison to 244 million cases in 2021, there were a total of 249 million cases of malaria in 2022, according to the most recent World Malaria Report. The predicted number of malaria deaths stood to 608 000 in 2022 compared to 610 000 in 2021. Hence, the market demand for malaria ag rapid testing is poised to rise.
Furthermore, Plasmodium falciparum, P. vivax, P. ovale, and P. malariae are the four different types of malaria parasites that affect humans. However, it is estimated that more different types of malaria are set to become prevalent in the coming years. Therefore, the need for malaria ag rapid testing is poised to surge in the coming years.
