Mosquito borne diseases refer to illnesses caused by viruses that are transmitted to humans by the bite of an infected mosquito. Common mosquito-borne diseases include Malaria, Dengue, Chikungunya, Zika, Yellow Fever, and others. The advanced medical equipment and devices associated with the Mosquito Borne Disease Market help in monitoring and preventing the spread of such vector-borne diseases.
The Mosquito Borne Disease Market includes various medical devices used for vector-borne disease monitoring such as pulse oximeters, thermometers, capnographs, gas monitors, cardiac monitors, neonatal monitoring devices, anesthesia monitors, and fetal monitors. These devices help in continuous monitoring of vital parameters like blood oxygen levels, body temperature, heart rate, respiration rate, and others which are important indicators of mosquito-borne diseases. Growing focus on vector-borne disease prevention and management as well as technological advancements in medical devices are some of the major factors driving the demand for monitoring equipment in the Mosquito Borne Disease Market.
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 7.3% over the forecast period between 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 burden of Mosquito Borne Disease Market Demand across tropical and subtropical regions is expected to drive for monitoring and prevention equipment. According to the World Health Organization (WHO), vector-borne diseases account for more than 17% of all infectious diseases adding considerable strain on healthcare systems worldwide.
Key players are expanding their geographical presence in developing markets through acquisitions and collaborative partnerships with local players. For instance, in 2020, Masimo announced the acquisition of Multigas Monitoring Manufacturer Medica S.p.A to expand its global R&D capabilities in multiparameter monitoring technologies. Such initiatives are strengthening the global footprint of Mosquito Borne Disease Market players.
Market Key Trends
One of the key trends gaining momentum in the Mosquito Borne Disease Market is the shift towards developing integrated and wireless monitoring devices. Manufacturers are focusing on integrating multiple vital parameters into single-use devices to enable continuous remote monitoring. This enhances the usability and affordability of monitoring equipment for resource-constrained settings and homes. Growing investments into research and development of portable, ambulatory and wireless devices are expected to aid this transition. Furthermore, burgeoning adoption of big data analytics and IoT-enabled solutions for monitoring vector-borne diseases presents lucrative opportunities over the forecast period.
Porter’s Analysis
Threat of new entrants: Low startup costs and established Mosquito borne disease treatment and prevention knowledge create a moderate threat of new entrants.
Bargaining power of buyers: The availability of substitutes and buyer awareness of health risks give buyers moderate bargaining power.
Bargaining power of suppliers: Suppliers of diagnostic devices and medications have some bargaining power due to differentiated products and technologies.
Threat of new substitutes: New prevention and treatment approaches could emerge as substitutes but require significant investment.
Competitive rivalry: Competition is high between global players and local manufacturers due to differing technologies.
Geographical regions of value concentration: North America and Europe currently represent the largest markets for mosquito borne disease treatment and prevention in terms of value, driven by high healthcare spending and awareness in the United States and Western Europe.
Fastest growing geographical region: The Asia Pacific region is forecast to experience the fastest growth over the forecast period due to rising incomes, increasing healthcare spending and expanding populations at risk of mosquito borne diseases in highly populated nations such as India and Indonesia. Growing awareness of prevention and rising investment in care infrastructure will contribute to regional market expansion.
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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)
