Molecular Diagnostics Market by Services, Technology, Overview, Component, Industry Revenue, Cost Structure Analysis and Forecast to 2027 KSU | The…

Posted on February 10, 2021 by Danzig

Global Molecular Diagnostics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing number of chronic & infectious diseases and technological advancements are key drivers for Global Molecular Diagnostics Market.

In its latest report on Molecular Diagnostics Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.

The term molecular diagnostics refers to clinical tests used to identify a disease or the susceptibility to a disease, by analyzing DNA / RNA or their proteins, in humans or in the case of infections, in microbes. Its scope includes the clinical testing devices, as well as their reagents and supplies that are utilized in hospitals, clinics, commercial laboratories, reference laboratories and research institutes to detect cells and proteins for the purpose of diagnosis and monitoring disease. Molecular diagnostics play an important role in infectious disease testing as they provide effective and fast results. So, during the study of Global Molecular Diagnostics Market, we have considered global molecular diagnostics products and consumables to analyze the market.

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Global molecular diagnostics market report is segmented on the basis of product, technology, application and end user. Based on product global molecular diagnostics market is classified as instruments, reagents and services. Based upon technology, global molecular diagnostics market is classified as PCR (Polymerase Chain Reaction), INAAT (Isothermal Nucleic Acid Amplification Technology), DNA sequencing, hybridization, microarray and others. Based upon applications, global molecular diagnostics market is classified as infectious diseases, chronic diseases, genetic testing, screening and pharmacogenomics. Based upon end user type, global molecular diagnostics market is classified as hospitals, laboratories and research institutes.

The regions covered in this global molecular diagnostics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Global Molecular Diagnostics is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Global molecular diagnostics market report covers prominent play Bio-Rad Laboratories, Inc., Abbott, Siemens Healthcare GmbH, Alere, Inc., Dako, Bayer AG, Hologic, Inc., Danaher, Sysmex Corporation, Novartis AG, Johnson & Johnson, Qiagen N.V., Becton Dickinson and Company, Roche Diagnostics, BioMerieux SA, Cepheid, Quidel Corporation, Debiopharm Group, Onkogen Diagnostik Sistemler Ltd., Myriad Genetics, Genomic Health, Luminex, GenMark Diagnostics, Biocartis Group and others.

Increasing number of chronic diseases such as cancer, cardiovascular disease, diabetes, pulmonary respiratory diseases, arthritis have led to the growth of the molecular diagnostics market. Moreover, rise in awareness among people, demand for early diagnostics of diseases, improving healthcare facilities and technological advancements are majorly responsible for the continuous growth of the molecular diagnostics market. According to World Health Organization, infectious diseases kill over 17 million people a year. However, high costs and regulatory hurdles in approval process are the major restrains of the Global Molecular Diagnostics Market. Nonetheless, untapped market and technological advancements may generate new opportunities in forecast period.

North America dominates the market with highest market share due to increase in funding by governments and different organizations, rise in number of cases of infectious and chronic diseases and increase in awareness of personalized medicines. In U.S, every year, around 1.7 million Hospital Acquired Infections (HAIs) are encountered, resulting in 99,000 deaths and costing an estimated USD 20 billion. Availability of robust healthcare infrastructure in this region has boosted the demand for molecular diagnostics

Europe is the second largest market for global molecular diagnostics. Increasing prevalence of chronic diseases, increasing healthcare expenditure, growing awareness among people, extensive research and development activities are majorly responsible on growth of Global Molecular Diagnostics Market in Europe. According to National Statistics, total current healthcare expenditure of UK in 2016 was around 253.9 billion USD. The rising demand for point-of-care and rapid testing, primarily blood glucose testing, and the strong government support to promote early disease detection to prevent ill-health are some of the major factors driving the molecular diagnostics market in UK.

Asia Pacific region is showing robust growth in Global Molecular Diagnostics Market due to increasing population, rising disposable income among the population, high incidences of chronic diseases and infectious diseases and improving healthcare infrastructure. Non-communicable diseases (NCDs) are the critical cause of disease burden and mortality in the Asia Pacific region, claiming 55% of total life in the South East Asia region each year and 75% in the Western Pacific region.

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By Product

By Technology

By Application

By End User

By Region

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