Mosquito Borne Disease Market is Anticipated to Witness High Growth Owing to Rising Prevalence of Dengue

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Mosquito borne diseases affect millions of people globally each year and are a major public health issue worldwide especially in tropical and subtropical regions. Diseases such as malaria, dengue, chikungunya, yellow fever, Zika virus and others transmitted by infected female mosquitoes causes significant health issues and economic losses. With growing climatic changes enabling the spread of mosquitoes to new geographic areas, the prevalence of mosquito borne illnesses such as dengue, malaria etc. is increasing rapidly. This has driven the demand for effective monitoring, diagnostic and treatment solutions for mosquito borne diseases management.

The 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 major players are focusing on developing innovative diagnostic solutions for rapid detection of mosquito borne diseases.

The rising incidence of Mosquito Borne Disease Market Demand such as malaria, dengue and others has opened lucrative growth opportunities for players in the mosquito borne disease diagnostics market. With growing public awareness about vector borne illnesses, the demand for point-of-care testing and home-based diagnostic kits is increasing significantly.

Global expansion has been one of the key strategies adopted by the leading players in the mosquito borne disease diagnostics market. Companies are expanding their geographical footprint through new product launches, partnerships and acquisitions to strengthen their positions in high growth regional markets.

Market Drivers

Rising environmental factors such as increasing pollution levels, improper waste disposal and climatic changes have contributed to boost in mosquito breeding which is a major driver for mosquito borne disease market growth. Persistent initiatives by governments and non-profit organizations to create awareness about prevention and treatment of mosquito borne diseases is augmenting the market expansion. Growing global healthcare expenditure provides impetus to malaria diagnostics, vaccines and other treatments.

Market Restrain

However, lack of healthcare infrastructure and resources especially in low and middle-income nations continue to hamper effective mosquito borne disease control. Unavailability of vaccines and diagnostic alternatives along with high costs associated with new treatments in these regions also poses challenges to market growth. Issues related to data management, results interpretation and quality assurance of Point-of-Care technologies limits wider adoption in primary healthcare settings.

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