Molecular Diagnostics Devices And Equipment Market Value is Expected to Reach $14.4 Billion by 2023 | Covid 19 Implications And Growth

The Business Research Company offers "Molecular Diagnostics Devices And Equipment Global Market Report 2020-30: Covid 19 Implications And Growth" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global molecular diagnostics devices and equipment market is expected to grow from $7 billion in 2019 to $18 billion in 2020 at a compound annual growth rate (CAGR) of 157.2%. The growth of this market is mainly due to the increased diagnostic testing in laboratories, hospitals, and other testing sites across various country to detect the pandemic COVID-19 virus. The need for rapid diagnostic testing such as molecular and RT PCR based testing to identify people infected by coronavirus is driving the in-vitro diagnostics market. The market is then expected to grow at a CAGR of 8.5% from 2021 and reach $14.4 billion in 2023.

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The molecular diagnostics devices (or) equipment market consists of sales of molecular diagnostics devices and related services. Molecular diagnostics devices are used to diagnose infectious diseases and perform screening by detecting specific sequences in DNA or RNA at molecular level. It helps doctors to prescribe more accurate therapeutic interventions in the early stages of a disease. This market is segmented into instruments, reagents and consumables.

The growth in molecular diagnostic devices and equipment market is attributed to factors such as rapid rise in various bacterial and viral epidemics. The increase in the spread of diseases increases the demand for early and improved diagnostic methods. In order to improve the technology to enable early diagnosis of such diseases, Government and different organization’s extend their financial support towards the major key players of the industry. For example, according to the reports from Centers for Disease Control and Prevention (CDC) US, as on March 2019, 72 Zika virus disease cases were reported in U.S state and 148 Zika virus disease cases reported in US Territories. Thus, the rise of such chronic diseases serves as a prime driver for the players in the industry to develop more accurate and sophisticated diagnostic devices and equipment’s.

Molecular Diagnostic Devices and Equipment Market Segmentation: -
By Product
Instruments
Reagents
Consumables

By End User
Diagnostic laboratories
Hospitals
Others

By Technology
DNA(Deoxyribonucleic acid) sequencing
Polymerase chain reaction
Isothermal Nucleic Acid Amplification Technology
Transcription Mediated Amplification (TMA)
In situ hybridization
Microarrays
Mass spectrometry
Others

By Application
Diagnostic laboratories
Hospitals
Others

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Few Points From Table Of Content
1. Executive Summary
2. Molecular Diagnostic Devices and Equipment Market Characteristics
3. Molecular Diagnostic Devices and Equipment Market Size And Growth
4. Molecular Diagnostic Devices and Equipment Market Segmentation
5. Molecular Diagnostic Devices and Equipment Market Regional And Country Analysis
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25. Molecular Diagnostic Devices and Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Molecular Diagnostic Devices and Equipment Market
27. Molecular Diagnostic Devices and Equipment Market Trends And Strategies
28. Product Pipeline Analysis
29. Molecular Diagnostic Devices and Equipment Market Future Outlook and Potential Analysis
30. Appendix

The report covers the trends and market dynamics of the Molecular Diagnostic Devices and Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Molecular Diagnostic Devices and Equipment Market are Roche Ltd, Hologic, QIAGEN, Abbott, Danaher Corporation, Bio-Rad Laboratories.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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