North America Molecular Diagnostics Market Projected to Reach $18.13 Billion by 2030: Exclusive Report by Meticulous Research®

[Redding, California, 15-03-2024] - Meticulous Research®, a renowned provider of market intelligence solutions, unveils its latest report forecasting the trajectory of the North America Molecular Diagnostics Market. Titled "North America Molecular Diagnostics Market by Product, Test Type, Technology, Application, and End User-Forecast to 2030," the report anticipates a substantial market value of $18.13 billion by 2030, marking a steady CAGR of 5.3% from 2023 to 2030.

Market Overview

Molecular diagnostics, which delve into individuals' health at the molecular level through the analysis of specific genetic sequences, have revolutionized healthcare. Advancements in this field have paved the way for personalized medicine, precision healthcare, and predictive diagnostics. Notably, during the COVID-19 pandemic, molecular diagnostics emerged as pivotal tools, offering rapid and accurate diagnostic solutions. The market encompasses a spectrum of advanced products and technologies, wielded by skilled professionals to enhance patient care.

Download Free Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5642

Key Drivers and Challenges

The market's growth is underpinned by a multitude of factors, including the burgeoning geriatric population, escalating incidence of communicable and non-communicable diseases, technological innovations in molecular diagnostics, and escalating healthcare expenditures. However, challenges such as regulatory complexities and the high costs associated with molecular diagnostic tests pose hindrances to market expansion.

Opportunities and Challenges

Despite these challenges, the burgeoning focus on companion diagnostics and the burgeoning popularity of direct-to-consumer (DTC) genetic testing present lucrative growth avenues for market players. Nevertheless, the scarcity of skilled professionals remains a significant obstacle to market growth.

Rising Popularity of Direct-to-Consumer Testing

Direct-to-consumer genetic testing, characterized by its accessibility and convenience, has gained prominence. These tests, which provide consumers with direct access to their genetic information, bypass the need for healthcare providers. Notable recent developments in this sphere include partnerships between industry players and advancements in regulatory clearances, as exemplified by American Molecular Laboratories (AML) and 1health.io, Inc., and 23andMe, Inc.'s FDA clearance for its hereditary prostate cancer marker test.

Browse in depth @ https://www.meticulousresearch.com/product/north-america-molecular-diagnostics-market-5642

Market Segmentation and Insights

The report offers a comprehensive segmentation of the North America molecular diagnostics market, analyzing parameters such as product & service, test type, technology, application, end-user, and countries. Noteworthy segments include kits & reagents within the product category, PCR within technology, and laboratory tests within test type.

Key Players and Strategies

Leading market players, including Hologic, Inc., Danaher Corporation, BioMérieux S.A., Becton, Dickinson and Company, Siemens Healthineers AG, DiaSorin S.p.A., Abbott Laboratories, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Illumina, Inc., F. Hoffmann-La Roche, QIAGEN N.V., and Seegene, Inc., have adopted robust growth strategies to fortify their market presence.

Quick Buy @ https://www.meticulousresearch.com/Checkout/62458641

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.