Exploring the Future of Molecular Diagnostics Market Size (USD 3.20 billion by 2030): Opportunities and Challenges in the Global Industry

Molecular diagnostics is a branch of medical laboratory testing that involves the analysis of nucleic acids (DNA or RNA) to diagnose or monitor diseases. This type of testing uses various molecular techniques to detect genetic mutations, identify infectious agents, and analyze gene expression patterns. Molecular diagnostic tests are highly specific and sensitive, allowing for early disease detection and accurate diagnosis. They can also provide information about disease progression, treatment response, and prognosis. Some common examples of molecular diagnostic tests include polymerase chain reaction (PCR), gene sequencing, and microarray analysis.

𝐓𝐨𝐩 𝐌𝐨𝐥𝐞𝐜𝐮𝐥𝐚𝐫 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• Abbott Laboratories
• Becton
• F. Hoffmann-La Roche AG
• Qiagen N.V.
• Hologic Corporation
• Grifols
• Danaher Corporation, S.A.
• Agilent Inc.
• Dickinson and Company
• BioMérieux SA
• Siemens Healthcare GmbH

Increase in the prevalence of infectious diseases and various types of cancer drives the growth of the molecular diagnostics market. On the other hand, stringent regulatory requirements for the approval of new molecular diagnostics techniques are expected to hinder the growth of the market. However, surge in adoption of the molecular diagnostics in the emerging economies is projected to offer numerous opportunities in the industry.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐇𝐞𝐫𝐞:
https://www.alliedmarketresearch.com/request-sample/2170

✅ 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐟𝐨𝐫 𝐦𝐨𝐥𝐞𝐜𝐮𝐥𝐚𝐫 𝐝𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬?

Allied Market Research has published a study report with the title Molecular Diagnostics Market Size was Valued at USD 9.2 billion in 2020, and is Projected to Garner USD 23.9 billion by 2030, registering a CAGR of 9.86% from 2021 to 2030.

𝐌𝐨𝐥𝐞𝐜𝐮𝐥𝐚𝐫 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

By Technology

• Polymerase Chain Reaction (PCR)
• Hybridization
• DNA sequencing
• Microarray
• Isothermal Nucleic Acid Amplification Technology (INAAT)
• Others

By Application

• Infectious diseases
• Oncology
• Genetic testing
• Blood screening
• Others

By Type

• Instruments
• Reagents
• Software & Services

By End User

• Hospital
• Reference Labortories
• Others

Based on region, North America, held the major share in 2020, generating more than two-fifths of the global molecular diagnostics market, due to the presence of the large number of key players across the region. At the same time, the market across Asia-Pacific would grow at the fastest CAGR of 10.78% by 2030, owing to higher adoption & increased use of molecular diagnostics, a rapidly growing geriatric population, and rise in the incidence of infectious diseases across the province.

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

KEY FINDINGS OF THE STUDY

• On the basis of product type, the reagent held largest share in the global market in 2020.
• On the basis of technology, the polymerase chain reaction (PCR) held largest market share in 2020 and is expected to remain dominant during the forecast period.
• By application, the infectious disease dominates the global market in 2020 and is anticipated to continue this trend during the forecast period.
• By end user, the hospitals held largest market share in 2020 and is anticipated to continue this trend during the forecast period.
• On the basis of region, North America is expected to experience growth at the highest rate, registering a CAGR of 9.24% during the forecast period.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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David Correa
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This release was published on openPR.