Press release
Molecular Diagnostics Market Size, Share, Trends, Growth, Outlook, Price, Key Players, Industry Analysis, and Research Report 2025
Global Molecular Diagnostics Market was valued at US$ 6,242.6 million in 2018 and is anticipated to reach US$ 9,546.2 million by 2025. displaying a reasonable CAGR of 6.3% over the forecast period (2019-2025). Molecular diagnostics is referred to as the detection of genomic variants that aims to facilitate detection, diagnosis, sub-classification, prognosis, and monitoring response to therapy. It is a transformative and dynamic segment of diagnostics that leads to insights in research and treatment of various disease states which are revolutionizing healthcare. The growth in the diagnostics sector and personalized therapy is being driven by opportunities in molecular diagnostics. MDx took a prominent place in the clinical diagnostic laboratory and has shown various advantages for routine detection, fingerprinting, and epidemiologic analysis of infectious microorganisms.Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=5221
The field of molecular diagnostics has seen much growth in the clinical setting, providing rapid and sensitive approaches for the detection and monitoring of a wide range of human ailments. There is very real potential for molecular diagnostics to revolutionize patient care, offering tools that go further than the simple characterization of disease, reaching into the domain of characterizing the patient. The rapidly advancing technologies supporting molecular diagnostics are poised to change - possibly even revolutionize - medical diagnostics and treatment for the better. These improvements are creating diagnostic assays a more useful tool in a broader range of clinical paradigms. Currently, about 75% of infections remain undiagnosed, often just treated with broad-spectrum antibiotics.
Global Molecular Diagnostics market by product type is bifurcated in reagents and instruments services. The reagents segment is anticipated to dominate the global molecular diagnostics market holding 69% of the total market during the forecast period due to the increasing utilization of therapies as a treatment to several conditions. The reagent segment represents the level of quality required when developing tests for the clinical market.
Polymerase Chain Reaction (PCR), Transcription-Mediated Amplification (TMA), In Situ Hybridization, DNA Sequencing & Next-Generation Sequencing (NGS), Chips and Microarrays and others are several techniques being utilized in Molecular Diagnostics. The PCR segment occupied the largest share in the molecular diagnostics market. In recent decades, the advent of the quantitative real-time PCR (qPCR) has shown to gain popularity for the detection of pathogens in clinical microbiology. The current advancement in PCR has led to the development of isothermal amplification methods, including Loop-Mediated Isothermal Amplification (LAMP) and Polymerase Spiral Reaction (PSR).
The molecular diagnostics market has been segmented in various application fields such as Microbiology, Virology, Hospital Acquired Infections (HAI), Genetic Testing, Oncology, Pharmacogenetics, Human Leukocytes Antigen (HLA), Blood Screening and others. The virology segment dominated the market and is anticipated to dominate the same during the forecast period. However, the Oncology application segment is expected to witness the highest CAGR growth of 8.27% during the forecast period 2019-2025. There are multiple applications of molecular tests in clinical oncology. Mutation analysis is now routinely utilized for the diagnosis of hereditary cancer syndromes. Personalized selection of cancer drugs based on the presence of actionable mutations has become an integral part of cancer therapy. Molecular tests underlie the administration of EGFR, BRAF, ALK, ROS1, PARP inhibitors as well as the use of some other cytotoxic and targeted drugs.
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The molecular diagnostics market is bifurcated in hospitals, clinics & labs, and others by the end-user segment. The hospital segment is anticipated to dominate the molecular diagnostics market during the forecast period. Today molecular diagnostics is a game-changer for clinical laboratories of all sizes, offering more powerful tools for earlier and more accurate detection of disease and giving laboratories a key role in the emerging field of personalized medicine. The simplification of molecular assays and instruments will foster wider implementation by community hospital laboratories. With these new, more efficient systems, hospital laboratories are also seeing increased revenue opportunities.
For a deep-dive analysis of the industry, detailed regional/country-level analysis is conducted for markets including North America (US, Canada, Rest of US), Europe (Germany, France, Spain, Italy, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific) and Rest of World (Brazil and Other Rest of World). In 2018, North America generated revenue of US$ 2,964.9 million, however, Asia-Pacific is expected to witness the highest CAGR of 6.74% during the forecast period. The dominance of North America is majorly driven by the presence of a well-established diagnostic infrastructure, technological advancements, patient awareness, and the presence of advanced products in the field of molecular diagnostics.
Abbott Laboratories, Becton Dickinson and Company, Biomerieux SA, Danaher Corporation, Hologic, Inc., Qiagen, Roche, Siemens Healthineers AG, Sysmex Corporation and Thermo Fisher Scientific are some of the prominent players operating in the Global Molecular Diagnostics market industry. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
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What is the aim of the report?
The market report presents the estimated market size of molecular diagnostics market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
The various parameters accelerating the growth of Market are incorporated in the research report.
The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in the Market including Key Playes
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
Global Molecular Diagnostics Market Segmentation
Market Insights, by Product
Reagents
Instruments Services
Market Insights, by Technique
Polymerase chain reaction (PCR)
Transcription-Mediated Amplification (TMA)
In Situ Hybridization & FISH
DNA Sequencing & Next-Generation Sequencing (NGS)
Chips and Microarrays
Others
Market Insights, by Application
Microbiology
Virology
Hospital Acquired Infections (HAI)
Genetic Testing
Oncology
Pharmacogenetics
Human Leukocyte Antigen (HLA Testing)
Blood Screening
Others
Market Insights, by End-User
Hospitals
Clinics & Laboratory
Others
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Market Insights, by Region
North America
United States
Canada
Rest of NA
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
Rest of APAC
Rest of World
Brazil
Other Rest of World
Top Company Profiles
Abbott Laboratories
Becton, Dickinson, and Company
Biomérieux SA
Hologic
Danaher Corporation
Qiagen
Roche Holding AG
Siemens Healthineers AG
Thermo Fisher Scientific
Sysmex Corporation
Table Of Content
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY
3 COMPREHENSIVE ASSESSMENT OF THE VALUE OF DIAGNOSTIC TESTS
4 REFRAMING THE DIAGNOSTICS INDUSTRY
5 EXECUTIVE SUMMARY
6 INDUSTRY PERFORMANCE
7 RISK MITIGATION
5 MARKET OVERVIEW
6 REGULATIONS AND REIMBURSEMENT POLICY
7 KEY MARKET INDICATORS
8 MARKET INSIGHT BY PRODUCT
9 MARKET INSIGHT BY TECHNIQUE
10 MARKET INSIGHT BY APPLICATION
11 MARKET INSIGHT BY END USER
12 MARKET INSIGHT BY REGION
13 COMPETITIVE SCENARIO
14 TOP COMPANY PROFILES
18 TOP COMPANY PROFILES
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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