Nigeria Neglected Tropical Diseases Diagnosis Market Size & Outlook
Nigeria neglected tropical diseases diagnosis market, 2018-2030 (US$M)
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Nigeria neglected tropical diseases diagnosis market highlights
- The Nigeria neglected tropical diseases diagnosis market generated a revenue of USD 217.2 million in 2023 and is expected to reach USD 315.0 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, soil-transmitted helminthiases was the largest revenue generating disease in 2023.
- Dracunculiasis is the most lucrative disease segment registering the fastest growth during the forecast period.
Neglected tropical diseases diagnosis market data book summary
| Market revenue in 2023 | USD 217.2 million |
| Market revenue in 2030 | USD 315.0 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Soil-transmitted helminthiases |
| Fastest growing segment | Dracunculiasis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dengue, Chikungunya, Rabies, Leprosy, Buruli ulcer, Yaws, Lymphatic Filariasis, Taeniasis/Cysticercosis, Foodborne Trematode Infections, Echinococcosis, Chagas disease, Dracunculiasis, Human African Trypanosomiasis (sleeping sickness), Soil-transmitted Helminthiases, Onchocerciasis, Schistosomiasis, Scabies and Other Ecoparasites, Snakebite Envenoming, Leishmaniases |
| Key market players worldwide | Roche, Abbott Laboratories, Thermo Fisher Scientific Inc, Eurobio-Scientific, Omega Laboratories, Avacta Group PLC, Oscar Health Inc Class A, ZeptoMetrix, InBios, DiaSys Diagnostic Systems |
Other key industry trends
- In terms of revenue, Nigeria accounted for 3.3% of the global neglected tropical diseases diagnosis market in 2023.
- Country-wise, Brazil is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Nigeria neglected tropical diseases diagnosis market is projected to lead the regional market in terms of revenue in 2030.
- Nigeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 315.0 million by 2030.
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Neglected Tropical Diseases Diagnosis Market Scope
Neglected Tropical Diseases Diagnosis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Nigeria neglected tropical diseases diagnosis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neglected tropical diseases diagnosis market will help companies and investors design strategic landscapes.
Soil-transmitted helminthiases was the largest segment with a revenue share of 9.71% in 2023. Horizon Databook has segmented the Nigeria neglected tropical diseases diagnosis market based on dengue, chikungunya, rabies, leprosy, buruli ulcer, yaws, lymphatic filariasis, taeniasis/cysticercosis, foodborne trematode infections, echinococcosis, chagas disease, dracunculiasis, human african trypanosomiasis (sleeping sickness), soil-transmitted helminthiases, onchocerciasis, schistosomiasis, scabies and other ecoparasites, snakebite envenoming, leishmaniases covering the revenue growth of each sub-segment from 2018 to 2030.
According to WHO, Nigeria observes prevalence of many NTDs, including Buruli ulcer, trachoma, human African trypanosomiasis, lymphatic filariasis, dengue fever, onchocerciasis, schistosomiasis, and soil-transmitted helminths.
Poverty is another impact-rendering factor driving market growth in Nigeria. According to UNICEF, Nigeria is the 7th most populous nation in the world, and 70% of the population lives with less than USD 1 per day. Approximately 25% of NTDs burden in Africa is contributed by Nigeria.
Owing to high poverty in around 51% of the population, about 10 million individuals in Nigeria are at increased risk of NTDs or already have untreated cases of NTDs.
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Our clientele includes a mix of neglected tropical diseases diagnosis market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Nigeria neglected tropical diseases diagnosis market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria neglected tropical diseases diagnosis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Nigeria neglected tropical diseases diagnosis market size, by disease, 2018-2030 (US$M)
Nigeria Neglected Tropical Diseases Diagnosis Market Outlook Share, 2023 & 2030 (US$M)
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