Molecular Diagnostics Market Witness For Rapid Growth In Healthcare Sector: Major Key Players-Novartis, Bayer, Becton Dickinson, Danaher Corporation, Roche Holding AG, Qiagen, Abbott Molecular Inc, Sysmex Corporation, Hologic, BioMérieux, Johnson & Johns

North America held a major share of around 45 percent in 2015 and has turned out to be a standout amongst the most powerful markets in the molecular diagnostics market. Existence of entrenched laboratory accreditation system, positive awareness programs instructing patients about early detection and the growing expenditure of healthcare are the key factors strengthening the predominance of this area. Government administrative activities play a critical part in advancing PoC offices, which is foreseen to affect the segment as a solid driver. For example, in the United States, the advent of Clinical Laboratory Improvement Amendments confirmation has prompted an expanded utilization rate of PoC gadgets over the estimate time frame. In the course of recent years, creating countries including India and China have shown persistent advancement, which is anticipated to offer prospering chances to the molecular diagnostics sector. Developing external funding for clinical investigations in this district is expected to drive the vertical toward lucrative development. Neglected requirements and the rising aged populace are assessed to be key concentration zones of the real players in this vertical. For example, organizations like Insight Kindstar Globalgene Technology, Inc and Genetics are focusing on improvement of cancer care in the People's Republic of China.

Molecular Diagnostics Market-Competitive Insights
Novartis
Bayer
Becton Dickinson
Danaher Corporation
Roche Holding AG
Qiagen
Abbott Molecular Inc
Sysmex Corporation
Hologic
BioMérieux
Johnson & Johnson
Cepheid In

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The Molecular Diagnostics Market was worth USD 2.50 billion in the year 2012 and is expected to reach approximately USD 6.05 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 9.24% during the forecast period. Molecular diagnostics are exceptionally viable in diagnosing contagious diseases and operating preventive cancer screening in this way assisting healthcare experts with prescribing precise restorative mediations in the beginning periods of sicknesses. Expanding pervasiveness of hospital procured diseases and other transferable contaminations are anticipated to drive the area extension over the conjecture time frame. Molecular diagnostics help in the early conclusion of contagious ailments, cancer, and other hereditary issue. Technological progressions play a crucial part in conveying quick and precise test outcomes. This is assessed to empower more noteworthy infiltration of molecular diagnostics in hospitals and additionally in point of care (PoC) facilities. As genetic varieties frame the base of different target diseases, the relentlessly developing reception of molecular diagnostics is foreseen to upgrade the acknowledgment level of customized molecular medicine over the estimate time frame.

Molecular Diagnostics Market-Technology Outlook and Trend Analysis
In 2015, the 46% of the total industry share was taken by PCR technology. Nevertheless, the revenue share is predicted to decrease owing to rise of several other technologies like in-situ hybridization and genetic sequencing over the forecast period. Developments in genomics and proteomics have attributed to rise of new diagnostic methods. Patient and physician awareness, growth of inventive diagnostic tests, pairing of tests with novel treatment methods and affordability, is anticipated to propel the growth of this market.

The global Molecular Diagnostics Market is segmented as follows-

By Product

Services & Software

Instruments

Reagents & Kits

By Technology

DNA Sequencing and Next-generation Sequencing

Polymerase Chain Reaction (PCR)

Hybridization [In Situ Hybridization & Fluorescent In Situ Hybridization (FISH)]

Microarray

Isothermal Nucleic Acid Amplification Technology (INAAT)

Other Technologies (Mass Spectrometry, Flow Cytometry, and Electrophoresis)

By Application

Genetic Tests

Microbiology

Infectious Diseases

Blood Screening

Oncology

Others

Molecular Diagnostics Market-Infectious Diseases Outlook and Trend Analysis
The global molecular diagnostics based on different infectious diseases are segmented into Flu, Tuberculosis, Meningitis, RSV Virus, Hepatitis B, Hepatitis C, HPV, STD, HIV, Dengue, Gonorrhea, Chlamydia, TORCH, and H. Pylori. The test location fragment incorporates PoC, central laboratories, and self-test or over-the-counter. In 2015 Central laboratories commanded this fragment with a share of more than 60 percent. The major components adding to the expansive share of this portion are high method volumes, their bigger existence in the nations that are underdeveloped, and the rising consciousness about early detection of diseases. The PoC section is anticipated to indicate lucrative development in the upcoming years. Advent of technologically inventive gadgets and the rising requirement for bedside patient monitoring are the key drivers highlighting the development of this portion. For example, the cobas product array by Roche is a PCR-based PoC framework additionally assessed to furnish this section with an exponential development platform. In 2015, the reagents section held the biggest offer producing income of around USD 3.6 billion. The reagents segment is determined to develop at a significant pace, along these lines rendering it the quickest developing section. Besides, instruments fragment is relied upon to develop at a critical development rate inferable from the expanding R&D activities for biomarker revelation and improvement. Molecular diagnostics finds wide applications in different fields including diabetes, pharmacogenomics, neurological & cardiovascular diseases, oncology, infectious diseases, and genetic testing. In 2015 infectious diseases held the biggest piece of the pie of more than 45 percent ascribed to the existence of novel multiplex PCR tests to distinguish viral load and infectious organisms. Cancer represents a vast monetary weight in the developing and in addition developed economies. Set up players are implementing R&D attempts to create novel, biomarker-based companion analytic tests. F. Hoffmann-La Roche Ltd, Abbott, and bioMérieux SA got the United States Food and Drug Administration endorsement in 2014 for their companion diagnostics for cancer therapeutics.

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Major TOC Market:
1. Introduction
1.1. Report Description
1.2. Research Methodology

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Technological Advancements
3.2.1.2. Growing prevalence of Target Diseases
3.2.1.3. Increasing Demand for Point of Care Facilities

4. Molecular Diagnostics Market, By Infectious Disease
4.1. Introduction
4.2. Molecular Diagnostics MarketAssessment and Forecast, By Infectious Disease, 2012-2022
4.3. Flu
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Tuberculosis
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Meningitis
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6. RSV Virus
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.7. Hepatitis B
4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.8. Hepatitis C
4.8.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.9. HPV
...

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