Molecular Diagnostic Market Still Going Strong | Alere, Hologic, Danaher, Sysmex

Molecular diagnostics is defined as the collection of techniques which is used to analyze biological markers in the genome as well as proteome. It is used to diagnose and monitor disease and detect risk. It also classifies therapies as per individual patient's requirement. It also helps in identifying a disease by studying molecules, namely proteins, deoxyribonucleic acid, and ribonucleic acid, in a tissue or fluid. Numerous types of cancer, the upsurge in awareness as well as acceptance of personalized medicines, growth in the biomarker identification are likely to be a prime driver of the global molecular diagnostics market. It is expected to expand at a CAGR of 10.1% from 2018 to 2026.

Advance Market Analytics released the research report of Global Molecular Diagnostic Market, offers a detailed overview of the factors influencing the global business scope. Molecular Diagnostic Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Molecular Diagnostic. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Bio-Rad Laboratories, Inc. (United States), Abbott Laboratories (United States), Siemens Healthcare GmbH (Germany), Alere, Inc. (United States), Dako (Denmark), Bayer AG (Germany), Hologic, Inc. (United States), Danaher Corporation. (United States), Sysmex Corporation (Japan) and Novartis AG (Switzerland).

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Market Leaders and their expansionary development strategies
On September 2017, the Becton Dickinson and Company (United States) has entered into a distribution agreement with Euroclone (Italy) Company for distribution of molecular tests. This would help in increasing the customer base as well as the expansion of the company, and On November 2015, the Thermo Fisher Scientific (United States) Company has entered into an agreement with Novartis International AG (Switzerland) and Pfizer Inc. (United States) Company in order to develop and commercialize a multi-marker, universal next-generation sequencing (NGS) oncology test. In addition, it will serve as a companion diagnostic (CDx) for non-small cell lung cancer (NSCLC). This strategy has helped in the expansion of the company worldwide.
On March 2018, the QIAGEN (Germany) Company has introduced the GeneReader NGS System, which is designed for any laboratory to deliver actionable results. It would help in the expansion of the product portfolio of the company., and On April 2014, the Merck & Co., Inc., (United States) Company capital arm financed AdvanDx (United States ) Company with more than USD 12 million for research and development of pathogen screening for major hospital-acquired infections. This will, in turn, propel the growth of the molecular diagnostics market in the future.

Market Trend
o Technology Advancement of the Molecular Diagnostics

Market Drivers
o Increase in the Prevalence of the Infectious Diseases
o Increasing Geriatric Population Worldwide
o High Prevalence of Infectious Diseases and Various Types of Cancers
o Growth in the Biomarker Identification Market in addition to Advancements in Molecular Techniques

Opportunities
o Advances in Genomics and Proteomics
o Growth Opportunities in Emerging Markets such as China, India and others

Restraints
o Multifaceted Regulatory Frameworks Delaying the Approval of New Molecular Diagnostic Tests

Challenges
o Dearth of Trained Professionals Limiting the Appropriate Use of New Molecular Diagnostic Technologies
o Rising Cost of Disease Diagnostics

The Global Molecular Diagnostic Market segments and Market Data Break Down are illuminated below:
by Type (Instruments, Reagents, Others), Application (Infectious Disease, Blood Screening, Genetic Testing, Oncology Testing), Technology (PCR, In Situ Hybridization, Chips and Microarrays, Mass Spectrometry, Sequencing, Isothermal Amplification), End User (Hospitals, Reference Laboratories, Others)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Molecular Diagnostic Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Molecular Diagnostic market
Chapter 2: Exclusive Summary - the basic information of the Molecular Diagnostic Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Molecular Diagnostic
Chapter 4: Presenting the Molecular Diagnostic Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Molecular Diagnostic market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Molecular Diagnostic Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Molecular Diagnostic Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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