Press release
North America Molecular Diagnostics Market Set to Reach $18.13 Billion by 2030
Download Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5642
According to the latest findings by Meticulous Research®, the North America molecular diagnostics market is poised to soar to $18.13 billion by 2030, registering a commendable CAGR of 5.3% from 2023 to 2030. This growth trajectory is underpinned by several factors, including the burgeoning geriatric population, the escalating prevalence of communicable and non-communicable diseases, continuous technological advancements in molecular diagnostics, and the rise in healthcare expenditures. However, challenges such as regulatory hurdles and the high costs associated with molecular diagnostic tests may pose obstacles to market expansion.
Moreover, the burgeoning emphasis on companion diagnostics and the surging popularity of direct-to-consumer (DTC) genetic testing are anticipated to usher in growth opportunities for market players. Nevertheless, the scarcity of skilled professionals emerges as a notable challenge impeding market growth. Additionally, the increasing integration of artificial intelligence and machine learning stands out as a prominent trend shaping the molecular diagnostics landscape.
Have Any Query ? Speak To Our Analyst : https://www.meticulousresearch.com/speak-to-analyst/cp_id=5642
Key Insights from the Report:
Market Segmentation: The report segments the North America molecular diagnostics market by Product & Service (Kits & Reagents, Instruments, Software & Services), Test Type (Laboratory Tests, Point-of-Care Tests), Technology (PCR, ISH, INAAT, Microarrays, Sequencing), Application (Infectious Diseases, Oncology, Genetic Testing, Neurological Diseases, Cardiovascular Diseases), and End User (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes).
Product & Service Analysis: The kits & reagents segment is anticipated to dominate the market, fueled by the continuous development of diagnostic tests for various infections and the growing adoption of diagnostic platforms.
Technology Trends: The sequencing segment is expected to exhibit the highest CAGR, propelled by technological advancements and its superiority in hypothesis-free sequencing, offering advantages over conventional PCR- based technologies.
Quick Buy @ https://www.meticulousresearch.com/Checkout/41114062
Application Dynamics: The oncology segment is forecasted to register the highest CAGR, driven by the widespread utilization of molecular diagnostics for cancer screening and personalized treatment.
End User Landscape: Hospitals & clinics are poised to command the largest market share, driven by their pivotal role in diagnosing various medical conditions and the surge in hospital admissions, especially during the COVID-19 pandemic.
Market Outlook for North America:
The report comprehensively analyzes key countries in North America, with the U.S. expected to lead the market. The rapid rise in the aging population in the U.S. is projected to significantly drive market growth, as the elderly are more susceptible to various diseases necessitating frequent diagnostic testing.
Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release North America Molecular Diagnostics Market Set to Reach $18.13 Billion by 2030 here
News-ID: 3387794 • Views: …
More Releases from Meticulous Research®
Direct Air Capture Market: Transforming Carbon Removal for a Net-Zero Future
Introduction
The global Direct Air Capture (DAC) market has entered a period of rapid transformation as nations, industries, and corporations intensify their efforts to achieve net-zero emissions. Valued at $136.5 million in 2024, the market is projected to grow significantly, reaching approximately $6.93 billion by 2035. This expansion, driven by a remarkable compound annual growth rate (CAGR) of 43.3% between 2025 and 2035, highlights the growing importance of DAC technologies in…
European Direct-to-Consumer Genetic Testing Market Outlook 2025-2035
Introduction
The European direct-to-consumer (DTC) genetic testing market is expanding at a remarkable pace, reflecting rising consumer interest in personalized healthcare and genetic insights. Valued at $464 million in 2025, the market is projected to grow at a compound annual growth rate (CAGR) of 23.3%, reaching nearly $3.78 billion by 2035. This growth underscores how advances in genomic sequencing, combined with increasing health awareness, are reshaping the healthcare and wellness landscape…
Peer-to-Peer Energy Trading Platforms Market Outlook 2025-2035
Introduction
The global peer-to-peer (P2P) energy trading platforms market is undergoing rapid transformation as new technologies reshape how energy is generated, distributed, and traded. Valued at $138 million in 2024, the market is projected to grow significantly, reaching nearly $2.34 billion by 2035. This growth, at a compound annual growth rate (CAGR) of 29.7% from 2025 to 2035, highlights the increasing adoption of decentralized energy solutions and digital platforms that empower…
Dermoscopy and Skin Visualization Devices Market Outlook to 2035
Introduction
The global dermoscopy and skin visualization devices market is entering a phase of rapid transformation, driven by the increasing need for early detection of skin conditions and the rising incidence of skin cancer worldwide. Valued at $1.33 billion in 2024, the market is expected to reach nearly $3.3 billion by 2035, expanding from an estimated $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.7% during the…
More Releases for North
Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need.
Whether you're moving…
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032.
Biosimulation, which involves the use of…
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png
Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community.
North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the…
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay.
Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing…
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada.
Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the…
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally.
Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.…
