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DNA Diagnostics Market: Technological Advancement in Biotech Industry
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Some of the factors driving the growth of the global DNA diagnostics market are growing prevalence of chronic and infectious diseases, increasing adoption of personalized medicine, improving healthcare infrastructure in developing countries, and growing geriatric population. In addition, the increasing research and development in the field of biotechnology, increasing healthcare expenditure, and increasing demand for prenatal screening and new born testing are also fueling the growth of the global market.
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Geographically, North America is expected to dominate the global market during the forecast period, due to increasing prevalence of chronic and infectious diseases, and increasing adoption of DNA diagnostics technology. In addition, the refined healthcare infrastructure, and strong government initiatives and funding for DNA testing are also fueling the growth of the North American market. Asia-Pacific is expected to be the fastest growing region during the forecast period, due to increasing healthcare expenditure, and large pool of undiagnosed patients in the region. In addition, the Asia-Pacific market is growing due to increasing awareness about healthcare and improving healthcare infrastructure in the emerging countries, such as India and China.
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Some of the companies operating in the global DNA diagnostics market are Sysmex Corporation, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Bayer Diagnostic, Illumina Inc., Gen-Probe Inc., Cephide Inc., Johnson and Johnson, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., and Novartis AG.
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