Molecular Information Systems Market – Insights on Production Value, Growth Rate, Trends, Production, Consumption and Global Opportunity Analysis and Industry Forecast, 2021 – 2027

Molecular information system is widely used in determining the sequence inDNA or genetic make-up, enzymes, proteins at molecular level with the use of kits, reagents, and instruments. Various methods are used to determine sequence in molecular information that includes using instruments such as PCR, RAPD, and DNA microarrays Molecular information systems are beneficial in a wide array of medical fortes comprising of, infectious disease, oncology, human leucocyte antigen typing, coagulation, and pharmacogenomics.

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Increase in awareness and acceptance of personalized medicine and companion diagnostics, high prevalence of infectious diseases and various types of cancers are the major driving factors for the growth of molecular information systems market. However, delay in approval of new molecular information can hamper the growth of market. Contrarily, advances in genomics and proteomics is an opportunistic factor for the global market.
High prevalence of infectious diseases and various types of cancers
The global prevalence of infectious diseases, such as influenza, HPV, hepatitis, HIV, and tuberculosis, is considerably high despite the significant improvements in sanitation practices and medicine. Traditionally, antimicrobial therapy was used as a powerful tool to combat infectious diseases. However, over the years, antimicrobial agents have failed to deliver the desired results due to the emergence of drug-resistant microbes.
Owing to this, the prevalence of these infectious diseases is increasing globally. The high and rising incidence of infectious diseases is creating a demand for new diagnostic procedures, including molecular information systems, which are fast and specific. Similar to infectious diseases, the prevalence of cancer is also growing across the globe. With the growing incidences of cancer globally, the demand for molecular information systemsfor effective cancer diagnosis is expected to increase in the coming years.

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Regulatory and legal requirements applied to molecular information systems are becoming more stringent. For more than 20 years, the FDA has emphasized that it has supervisory authority over LDTs (laboratory-developed tests), but it has chosen to exercise enforcement discretion over such tests. In recent years, however, the FDA has declared that added oversight of LDTs is needed and that the agency plans to issue a guidance document on this. Hence, even the issuance of the draft guidance is sure to raise queries and create new issues.
Without an understanding of how the regulatory environment in the LDT sector may change in the future, players may find themselves facing an uncertain regulatory future. In addition, earlier, diagnostic tests were comparatively simple and used well-established technologies, such as immunoassays. Nowadays, the role of NGS and other novel genetic tests in diagnostic testing is increasing. However, it is not clear how these new technologies will be regulated in the future.

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