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Agilent Technologies, bioMérieux, Novartis Company Profiles in Molecular Diagnostics Market| Key Players: Bio-Rad Laboratories, Alere Inc., QIAGEN, Danaher Corporation, Analytik Jena AG, BD, Cepheid, Biocartis, Genomic Health
Molecular Diagnostics Market
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1 Agilent Technologies
2 bioMérieux
3 Novartis
4 Bio-Rad Laboratories
5 Alere Inc.
6 QIAGEN
7 Danaher Corporation
8 Analytik Jena AG
9 BD
10 Cepheid
11 Biocartis
12 Genomic Health
13 Myriad Genetics
14 Roche Diagnostics Middle East
15 Sysmex America, Inc.
16 BioFire Diagnostics, LLC
17 GenMark Diagnostics
18 Bio-Techne
19 CombiMatrix
Genetic testing application segment is estimated to witness 10.2% CAGR from 2018 to 2024. Genetic testing carefully analyzes the human DNA, RNA and chromosome to provide deeper insights regarding diseasing causing genes. This enables personalized treatment best suited to individual rather than generalized treatment approach. Increasing incidences of genetic diseases coupled with ongoing technological advancements in the field of genetics will augment the segment growth.
PCR technology segment dominated molecular diagnostics market 2017 with revenue USD 3.1 billion in 2017 and the scenario is likely to remain so for the near future. Technological advancements such as development of real time PCR that is considered as fast and accurate platform will further support segment growth. However, other technologies such as DNA sequencing are expected to grab significant revenue share from PCR technology segment over the forecast period.
U.S molecular diagnostics market dominates the industry with USD 3.1 billion in 2017. Preference for precise and early detection of infectious and other chronic disease coupled with rising prevalence of such chronic diseases will augment the demand for molecular diagnostics tests. Well established presence of industry players conducting robust research and development will support industry growth.
China Molecular diagnostics market will witness 12.4% CAGR over the analysis period. The market is at initial stages of development and will provide lucrative growth opportunities in near future. Substantial number of molecular diagnostics tests are being conducted in china using domestically produced kits. Ongoing infrastructure development, rising incidences of infectious diseases and increasing awareness levels will boost industry growth.
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Some of Prominent Players:
Agilent Technologies, bioMérieux, Novartis, Bio-Rad Laboratories, Alere Inc., QIAGEN, Danaher Corporation, Analytik Jena AG, BD, Cepheid, Biocartis, Genomic Health
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