Molecular diagnostics Market to Cross $10,557 Million by 2023
Molecular Diagnostics Market size was valued at $5,962 million in 2016, and is expected to garner $10,557 million by 2023, registering a CAGR of 9.1% during the forecast period 2017-2023. The reagents segment accounted for the highest market share of the global molecular diagnostics market in 2016, owing to the increase in demand for the reagents with rise in number of testing various diseases. These are used in hospitals, laboratories, and others.
Molecular diagnostics are cumulative techniques for analyzing biological markers at the molecular level, such as genome and proteome. These techniques are used for diagnosis of the various infectious diseases, cancer, and other genetic disorders, by performing tests, which detect specific sequences in DNA or RNA including single nucleotide polymorphism (SNP), deletions, rearrangements, insertions, and others.
Growth in number of patients suffering from infectious diseases and cancer; advancement in molecular diagnostics; increase in awareness and acceptance for personalized medicines, and growth in the biomarker identification market are the major factors driving the market growth. Stringent regulatory requirements for product approval hampers the market growth.
Increase in adoption of molecular diagnostics in the emerging region provide growth opportunities for the market.
Download PDF Report Sample with statistical info @ https://www.alliedmarketresearch.com/request-sample/2170
The PCR segment accounted for the highest share of the global market in 2016, owing to the increase in the demand for using PCR in proteomics and genomics and is a cost-effective technique, automation of laboratories is possible with cost-effective techniques.
The infectious diseases segment accounted for more than two-fifths share of the global market in 2016, owing to the increase in the number of patients suffering from, Human Immunodeficiency Virus (HIV), Hepatitis C virus (HCV), Human Papillomavirus (HPV), Chlamydia trachomatis/ Neisseria gonorrhoeae (CT/NG), and other infectious diseases.
The hospitals segment accounted for highest market share of the global market in 2016, owing to the large number of patients are treated in hospitals and most of the tests for these patients are performed in laboratories attached to hospital.
Geographically, North America dominated the global market in 2016, and is estimated to continue its dominance during the forecast period. This is attributed to higher adoption for technologically advanced devices, well-equipped healthcare facilities, higher adoption of personalized medicine, and rise in number of patients suffering from infectious diseases and cancer.
The major companies profiled in the report include Abbott Laboratories, Inc., BioMrieux SA, Becton, Dickinson and Company, Cepheid (subsidiary of Danaher Corporation) (Denmark), Grifols, Hologic Corporation, Novartis AG, Qiagen N.V., Siemens Healthcare GmbH, and Roche Diagnostics.
Make an Enquiry for Purchase Report @ https://www.alliedmarketresearch.com/purchase-enquiry/2170
Key Findings of Molecular Diagnostics Market
o In 2016, the PCR segment accounted for the highest share of the global molecular diagnostics market.
o The infectious diseases segment contributed the highest revenue to the global market in 2016
o The hospital segment is projected to grow at a CAGR of 8.8% during the forecast period.
o North America market is projected to grow at a CAGR of 9.0% from 2017 to 2023
Contact: David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Molecular diagnostics Market to Cross $10,557 Million by 2023 here
News-ID: 1946933 • Views: 168
More Releases from Allied Market Research
Electric Fuse Market 2021 Detailed Analysis and Growth Strategies By 2027
The primary factors propelling the growth of the electric fuse market are increasing investments in renewable & power storage, growing investments in T&D infrastructure plans, automobile, and telecommunication. Elevated demand for automobile electronics in the automobile industry and renewal of investments within the construction industry are further complementing the adoption of electric fuse. Increased regulatory awareness closer to facilitating emission reduction in automobiles together with the rapid emergence of electrical &
Industrial Waste Management Market 2021 | Covid19 Impact Analysis | Business Out …
Rise in number of industries led to increase in amount of waste generated by industries. However, they lack rules, regulations, and initiatives to reduce the waste, leading to hampering the growth of the global industrial waste management market. The rising cost of recycling is expected to challenge the waste management market. In addition, rising global inflation and electricity costs could affect the market. Lack of proper waste collection infrastructure in many
Electric Insulator Market to Witness Growth Acceleration during 2020-2027
North America and Europe are in the middle of the process of expansion of the electric insulator market. Asia-Pacific is considered to be the fastest-growing market in this sector due to increased industrialization and urbanization. China is having the largest market share, due to high investments and good distribution network lead by high demand for electric insulators. Rising demand for energy has led to increased need for stable and reliable energy
Concentrated Solar Power Market 2021 Business Opportunities, Growth & Profit Ana …
The report segments the concentrated solar power market on the basis of technology, end user industry, and region. Based on technology, the market is divided into parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. Based on technology, the parabolic trough segment dominated the market in 2017, owing to growing demand of electricity generation from parabolic trough technology. On the basis of end user industry, the market is classified
More Releases for Molecular
Global Molecular Diagnostics Market | Global Molecular Diagnostics Industry | Mo …
The molecular diagnostics market comprises of sales of molecular diagnostics services and correlated products. The Molecular diagnostics is a term castoff to pronounce a class of techniques that are utilized to examine biological markers in the genetic code (genome) of an organism and to regulate how their cells prompt their genes as proteins. According to the report analysis, ‘Molecular Diagnostics Market Global Report 2020-30’ states that the worldwide molecular diagnostics market
New Study On Molecular Pump Market 2018 Global Analysis By Key Players – Turbo …
Molecular Pump Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Get Exclusive FREE PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/7319 UpMarketResearch offers a latest published report on “Global Molecular Pump Market Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to
Cancer Molecular Biomarkers Market
Cancer molecular biomarkers refer to naturally-occurring molecules or genes in living organisms, which is an indicator for the presence of cancer in the body. A biomarker is a measurable indicator of biological process, condition, or disease and can be found in the blood, tissues, or other body fluids. Cancer molecular biomarkers help to diagnose cancer and monitor patients’ responses to treatments. On the basis of diagnostics, the cancer molecular
Zeolite Molecular Sieves Market
Reports And Markets Publish a New Market Research Report On –"Zeolite Molecular Sieves Market - Segmented by Raw Material, End-user Industry, and Geography - Trends and Forecasts (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1086383-global-zeolite-molecular-sieves-market-segmented-forecasts-2017-2022 The Global Zeolite Molecular Sieve Market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during
Automated Molecular Diagnostics Testing System Market
The technological developments in genetic engineering has created many new aspects in diagnostic sciences. The molecular diagnostic techniques are used for understanding the biological samples and their genetic code and figure out the irregularities caused in an individual’s DNA. The molecular diagnostic involves various techniques which are time consuming, costly and require expertise to perform. These techniques are also subjected to errors which may lead to wrong interpretation of data
Global Molecular Biomarkers Sales Market Report 2017
This report studies sales (consumption) of Molecular Biomarkers in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Alere Atossa Genetics Biophysical Abbott BioCept BioTheranostics DiagnoCure GenomeDx Genomic Health Gen-Probe Life Technologies 20/20 GeneSystems Cynvenio Dako (Agilent) Epic Sciences Foundation Medicine Genomic Health Molecular Response Nodality PGD To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=984410&type=E Market Segment by Regions, this report splits Global into several key Regions, with sales