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2018 Industry Insights on Molecular Diagnostics Market| Key Players: Alere Inc., Novartis, QIAGEN, Agilent Technologies, Danaher Corporation, bioMérieux, Bio-Rad Laboratories

11-06-2018 02:00 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Molecular Diagnostics Market

Molecular Diagnostics Market

Sequencing technology segment is forecasted to witness 14.7% CAGR over the forecast period. Sequencing is being widely used in molecular diagnosis of paediatric diseases such as Duchenne muscular dystrophy and monogenic diabetes. Sanger sequencing is the choice of method for mutation screening, however next generation sequencing (NGS) is rapidly being recognized as most efficient technology for detection and screening of genetic variations. Targeted NGS offers better quality and simplified dataset analysis that will spur its demand in near future.

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PCR application segment accounted for USD 3.1 billion in 2017 and is estimated to dominate the industry throughout the analysis period. Technological advancements resulting in the development of superior techniques such as Real Time PCR that offers better results will augment the segment growth. However, the segment will lose some revenue to new and innovative technologies such as sequencing in the coming years.

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

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.

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Oncology application segment will witness 8% CAGR from 2018 to 2024. The segment will grow as our fundamental understanding of cancer mechanism at molecular levels continues to rise. The understanding of wide range of cancers at molecular level enables us to determine the exact cause of disease and develop the treatment tailored to individual needs. Molecular diagnostic can even access the risk of developing a disease and determine whether the individual is carrier of the disease. With ongoing research and development activities, molecular diagnostics is forecasted to play vital role in the field of oncology.

Molecular Diagnostics Market, by Technology, 2013-2024, (USD Million)
o PCR
o In Situ Hybridization
o Chips and microarrays
o Mass spectrometry
o Sequencing
o Isothermal Amplification

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

Global Market Insights, Inc.
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