Molecular Diagnostics Market to Witness Huge Growth by Key Players: Hologic, Inc, Abbott Laboratories, Thermo Fisher Scientific Inc, Illumina Inc, Danaher Corporation, Siemens Healthineers AG and more

Global Molecular Diagnostics Market 2021-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global molecular diagnostics market size is projected to reach USD 31.8 billion by 2026 from USD 17.8 billion in 2021, at a CAGR of 12.3% during the forecast period.

Top Key Players Profiled in the Molecular Diagnostics Market:
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Hologic, Inc. (US)
• bioMérieux SA (France)
• Abbott Laboratories (US)
• QIAGEN (Netherlands)
• Thermo Fisher Scientific Inc. (US)
• Illumina Inc. (US)
• Siemens Healthineers AG (Germany)
• Danaher Corporation (US)
• Myriad Genetics Inc. (US)
• Agilent Technologies Inc. (US)
• Becton, Dickinson and Company (US)
• DiaSorin S.p.A (Italy)
• Grifols S.A. (Spain)
• Quidel Corporation(US)
• Genetic Signatures (Australia)
• MDxHealth, Inc. (US)
• Exact Sciences Corporation (US)
• Biocartis NV (Belgium)
• TBG Diagnostics Ltd. (Australia)
• GenMark Diagnostics Inc. (US)
• Luminex Corporation (US)
• HTG Molecular Diagnostics Inc. (US)
• Vela Diagnostics (Singapore)
• Amoy Diagnostics Co., Ltd. (China)
• Molbio Diagnostics Pvt. Ltd. (India)
• ELITechGroup (France)
• Savyon Diagnostics Ltd. (Israel)
• ABACUS Diagnostica Oy (Finland)
• geneOmbio Technologies Pvt. Ltd. (India)

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“The reagents & kits accounted for the highest growth rate in the molecular diagnostics market, by product & service, during the forecast period”
The molecular diagnostics market is segmented into reagents & kits, instruments and other products. The reagents & kits segment accounted for the highest growth rate in the molecular diagnostics market in 2020. The requirement reagents & kits in large numbers compared to instruments is the main factor contributing to this segment's high growth rate.

“Infectious Disease Diagnostics segment accounted for the highest CAGR”
Based on the application, the molecular diagnostics market is segmented into infectious disease diagnostics, oncology testing, genetic tests and other applications. In 2020, the oncology testing segment accounted for the highest growth rate. Increasing incidence of cancer, technological advancements, and development of personalized medicine and companion diagnostic assays are the major factors driving this segment's growth.

“Diagnostic Laboratories segment accounted for the highest CAGR”
Based on end-users, the molecular diagnostics market is segmented into diagnostic laboratories, hospitals and clinics and other end users. In 2020, the diagnostic laboratories segment accounted for the highest growth rate.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%
• By Designation: C-level - 30%, D-level - 20%, and Others - 50%
• By Region: North America - 36%, Europe - 25%, Asia Pacific - 27%, Latin America – 9% , and the Middle East & Africa – 3%

Reason to access this report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall molecular diagnostics market and its sub segments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies.

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