Molecular Diagnostics Market Research Report, Market Size, Industry Analysis and Forecast by Advancement of Types & Application 2019-2024

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Molecular Diagnostics

The “Molecular Diagnostics Market” report forecast 2019-2024 is a professional and detailed study on the present state also focuses on the major drivers, Molecular Diagnostics business strategists and effective growth for the key players. Global Molecular Diagnostics Industry also provides granular analysis of the Molecular Diagnostics market dynamics, share, segmentation, revenue forecasts and facilitate better decision-making.

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The global molecular diagnostics market was valued at USD 7,854.45 million in 2019, and is estimated to be valued at USD 13,340.35 million by 2024, while witnessing a CAGR of 9.23% during the forecast period, 2019-2024. Factors that are responsible for the growth of the market include large outbreaks of bacterial and viral epidemics in the world, increasing demand for point-of-care diagnostics, recent advancements in pharmacogenomics, and rapidly evolving technology.

Molecular diagnostics is considered to be the best method to identify and characterize a microorganism. An effective test must be precise, rapid, and also be able to measure the infectious burden. Better testing quickly identifies the organism's strain and drug susceptibility, thus, reducing the delay in finding the right antibiotic. Technological advancements, like a polymerase chain reaction (PCR), have also made it possible to identify the antimicrobial resistance genes and provide public health information, such as strain characterization by genotyping. The infectious disease segment currently records the highest growth in the molecular diagnostics market.

Scope of the Report

Molecular diagnostic tests detect specific sequences in DNA or RNA (including single nucleotide polymorphisms (SNP), deletions, rearrangements, insertions, and others), which may or may not be associated with diseases. Molecular diagnostics has been revolutionized over the past few decades. Currently, it is the driving force behind the transformation in healthcare, thus, leading to innovations in the field of molecular biology. These include next-generation sequencing, microarray technologies, liquid biopsies, early cancer detection, direct-to-consumer testing, and point-of-care assays.

Molecular Diagnostics Market by Top Manufacturers:

 

  • F. Hoffmann-la Roche Ltd
  • Illumina
  • Inc.
  • Hologic Corporation
  • Agilent Technologies / Dako
  • Qiagen
  • Myriad Genetics
  • Analysis and Key Opportunities of Molecular Diagnostics Market Report: Extensive analysis of the Global market, by component, helps in understanding the components of the Market that are currently used along with the variants that would gain prominence in the future. Molecular Diagnostics market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.

    Key Market Trends

    Instruments Sub-segment is Expected to Hold the Largest Market Share in the Product Segment

    In the product segment of the global molecular diagnostics market, the instruments sub-segment is believed to have the largest market size and is expected to witness a CAGR of 9.13% during the forecast period.

    Molecular diagnostics plays a vital role in the assessment of disease prognosis and therapy response, as well as in the detection of minimal residual disease. In the past decade, molecular diagnostics has grown, due to advances in the chemistries and instrumentation, including automation, integration, throughput, and the ability to use the instrumentation in a random-access mode.

    Some of the sophisticated instruments used in this market are High-performance Liquid Chromatography (HPLC), Mass Spectrometry (MS), and Nuclear Magnetic Resonance (NMR), along with real-time PCR, Enzyme-linked ImmunoSorbent Assay (ELISA), RadioImmunoAssay (RIA), lateral flow devices, patient safety syringes, point-of-care testing devices, and others.

    North America Dominates the Market and is Expected to do the Same over the Forecast Period

    North America currently dominates the molecular diagnostics market and is expected to continue its stronghold for a few more years. The United States accounts for the largest market share in the overall North American molecular diagnostics market. Molecular diagnostics has played a vital role in changing the face of disease diagnostics and assuring speedy detection and accurate care for critically ill patients. The increase in per capita health expenditures, the advancement in healthcare infrastructure, and the increase in the number of infectious diseases and cancer cases in the United States have led to a shift in trend from the traditional diagnostic methods to molecular diagnostics.

    In addition, rising technological advancements, increasing entry of new players, and speedy adoption of advanced molecular diagnostics, are helping in the growth of the market in the United States.

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    Some Major Point cover in this Molecular Diagnostics report are: -

    What will the market growth rate, Overview and Analysis by Type of Molecular Diagnostics Market in 2024?

    What are the key factors driving, Analysis by Applications and Countries Global Molecular Diagnostics industry?

    What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Molecular Diagnostics?

    Who are Opportunities, Risk and Driving Force of Molecular Diagnostics Market? Knows Upstream Raw Materials Sourcing and Downstream Buyers

    Who are the opportunities and threats faced by the Manufacturers in Molecular Diagnostics space? Business Overview by Type, Applications, Gross Margin and Market Share

    What are the market opportunities, market risk and market overview of the Molecular Diagnostics Market?

    No. of Pages: - 118

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    Table of Contents included in Molecular Diagnostics Market Report –

    PART 01: Executive summary

    PART 02: Scope of the report

    PART 03: Research Methodology

    PART 04: Introduction

    PART 05: Market landscape

    PART 06: Market segmentation by end-user industry

    PART 07: Market segmentation by application

    PART 08: Geographical Segmentation

    PART 09: Decision framework

    PART 10: Drivers and challenges

    PART 11: Market trends

    PART 12: Vendor landscape

    PART 13: Key vendor analysis

    PART 14: Appendix

    List of abbreviations

    List of Exhibits

    And Many More….

    Browse Table Of Content(TOC) At - https://www.absolutereports.com/TOC/13999540#TOC

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