Mosquito Borne Disease Market Estimated to Witness High Growth Owing to Rising Global Prevalence of Diseases

Mosquito Borne Disease Market 

Mosquito borne diseases have emerged as one of the major public health concerns across the globe in recent times. Diseases such as malaria, dengue, chikungunya, Zika virus, yellow fever and others transmitted by infected mosquitoes have significant health, economic, and social impacts in many tropical and subtropical countries. Mosquito borne illness monitoring systems aid in preventing and controlling the spread of such diseases.

The global mosquito borne disease market is estimated to be valued at US$ 3.59 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players: 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.

Key opportunities: Rising awareness regarding mosquito borne diseases, increasing R&D investments by key players for new product launches, and growing public-private partnerships for mosquito control programs present significant growth opportunities in the market over the forecast period.

Global expansion: Leading players are expanding their regional presence through strategic partnerships and collaborations with regional mosquito control organizations and hospitals. Additionally, growing investments by private equity firms and venture capitalists in new product development further aid the global expansion of the Mosquito Borne Disease Market Demand.

Market drivers: Rising global prevalence of mosquito borne diseases such as dengue, malaria and zika virus infection is a major growth driver for this market. Growing healthcare expenditure in developing countries and increasing government focus on implementation of mosquito control and surveillance programs further support the market growth.

PEST Analysis

Political: Governments of various countries have mandated regular testing and treatment of mosquito borne diseases like malaria, dengue, chikungunya, etc. Some governments organize awareness campaigns to educate people about prevention of mosquito borne diseases.

Economic: Household incomes and healthcare budgets have increased in developing nations, increasing demand for effective diagnostic devices, drugs, and vaccines for mosquito borne diseases. However, these diseases impose heavy economic burden on populations and healthcare systems due to loss of productivity and high treatment costs.

Social: Changing demographics and lifestyle habits have led to increasing popularity of indoor activities, exposing more people to mosquito bites. Rising health &environmental consciousness has also boosted adoption of mosquito repellents and preventive nets.

Technological: Advancements in technologies like thermal imaging, mobile apps, machine learning etc. have aided early diagnosis and remote monitoring of mosquito borne diseases. Novel drugs and vaccines against diseases like malaria, dengue and chikungunya have been developed.

Regions of high market concentration

The market in terms of value is highly concentrated in the Asia Pacific region, especially tropical and subtropical countries like India and Indonesia where malaria and dengue prevalence is high. According to WHO, the Southeast Asia and Western Pacific Regions together accounted for an estimated 88% of all malaria cases globally in 2021. Africa region is also disproportionately affected by malaria due to suitable climatic conditions and poverty.

Fastest growing region

The mosquito borne disease market is expected to witness the highest growth in the Asia Pacific region during the forecast period. This can be attributed to rising healthcare investments, growing medtech industry, and economic development in populous nations like India and China. As living standards improve, more people can afford diagnostic devices and treatment, driving the market. Initiatives by governments and global health organizations are also bolstering prevention, control and treatment of mosquito borne illnesses in the region.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)