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Madagascar In Vitro Diagnostics Industry Outlook 2022 - 2026

See how Madagascar In Vitro Diagnostics performed compared to key markets such as the United States, Germany and the Netherlands.

Key Market Indicators

Malagasy diagnostic reagent export is projected to reach nearly $27 million by 2026, up from $24 million in 2021. This marks an annual growth rate of 2%. Since 2005, Malagasy supply has grown steadily at a rate of 5.2% per year. In 2021, the country ranked 101st in the world, with Antigua and Barbuda ahead of it at $23.7 million. Germany, the Netherlands and the UK came in at numbers 2, 3 and 4 respectively. Meanwhile, Malagasy diagnostic reagent import is expected to reach $9.6 million by 2026, up from $8 million in 2021. This marks an average annual growth rate of 2.9%. Since 1995, demand has increased by 13.8% annually. In 2021, the country ranked 105th in the world, with Senegal ahead at $8 million. Germany, China and the Netherlands held the top 3 spots.

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Madagascar In Vitro Diagnostics Market Data and Forecasts

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