Molecular Diagnostics Market Size Rising Advancement in Technology & Data Standardization Drive the Growth 2031

The growth of infectious diseases and various types of cancer has led to the growth of the Molecular Diagnostics Market. In addition, increasing awareness and acceptance of personalized drugs and increasing biomarker recognition drive the growth of the market. However, stricter regulatory requirements for the approval of new nuclear diagnostic techniques are expected to hinder market growth over the forecast period. On the other hand, increasing adoption of nuclear diagnostics in emerging economies is expected to provide beneficial opportunities for market growth in the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐨𝐮𝐜𝐡𝐞𝐫: https://www.alliedmarketresearch.com/request-sample/2170

According to a new report published by Allied Market Research, titled, "Molecular Diagnostics Market: Global Opportunity Analysis and Industry Forecast, 2021-2030" the global Molecular Diagnostics Market size was valued at $9.2 billion in 2020, and is projected to reach $23.9 billion by 2030, growing at a CAGR of 9.86% from 2021 to 2030. Molecular diagnostics is referred to as the discovery of genomic types, the purpose of which is to facilitate the detection, diagnosis, subclassification, prognosis, and monitoring of response to therapy. It is a collection of techniques used to analyze biological markers in the genome and proteomes and how their cells express their genes as proteins, applying molecular biology for medical testing.

Asia-Pacific offers profitable in molecular diagnostics market opportunity for key players operating in the molecular diagnostics market, thereby registering the fastest growth rate during the forecast period, owing to the growing healthcare infrastructure, rise in disposable incomes, and well-established presence of domestic companies in the region. In addition, higher adoption and increase in use of molecular diagnostics, rapidly growing geriatric population, and rise in incidence of infectious diseases further fuel growth of the market in the region.

Molecular Diagnostics Market Segmentation:

The molecular diagnostics industry is segmented on the basis of product type, technology, application, end user, and region. On the basis of product type, the market is bifurcated into instruments, reagents, and software and services. The reagents dominated the global market in 2020, and is expected to remain dominant throughout the forecast period, owing to advancement in R&D activities in pharmaceutical & biotechnology industry, increase in demand for reagents, and surge in adoption of point-of-care testing.

On the basis of technology, the market is classified into polymerase chain reaction (PCR), DNA Sequencing, hybridization, microarray, isothermal nucleic acid amplification technology (INAAT), and other techniques include electrophoresis, mass spectroscopy, and flow cytometry. The polymerase chain reaction segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in application of PCR technology to detect coronavirus disease coupled with rising launch of molecular diagnostics instruments.

By application, the market is segmented into infectious diseases, oncology, genetic tests, blood screening, and others include microbiology, cardiovascular diseases, and neurological diseases. The infectious diseases held the largest market share in 2020, and is expected to remain dominant during the forecast period, owing to increase in prevalence of infectious diseases such as SARS-COV-19.

By end user, the market is segregated into hospitals, reference laboratories, and others, which includes blood banks, home health agencies, and nursing homes. The hospitals segments dominated the global market in 2020, and is anticipated to continue this trend during the forecast period, owing to increase in the number of patients treated for different infectious diseases, cancer, and others requiring molecular analysis for diagnosis purpose and for quick start of the treatment.

The key market players analyzed in the global molecular diagnostics market report include Abbott Laboratories, Agilent Technologies Inc., Becton Dickinson And Company, Biomérieux Sa, Danaher Corporation, F. Hoffmon La-Roche Ltd, Grifols S.A, Hologic Inc., Qiagen Inc, Siemens Ag (Siemens Healthineers)

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/2170

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The COVID-19 pandemic has disrupted workflows in the healthcare sector globally. The COVID-19 outbreak is anticipated to have a positive impact on the growth of the global molecular diagnostics market. The COVID-19 pandemic has stressed the healthcare systems globally and increased the need for the development of diagnostic instruments & diagnostic service centers. Increase in number of COVID-19 cases surged the demand for real time polymerase chain reaction (RT-PCR) test to detect COVID-19.

Important Questions Being Answered by the Molecular Diagnostics Market Report:

What is the total market value of molecular diagnostics market report ?

What would be forecast period in the market report?

What is the market value of molecular diagnostics market in 2030?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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