openPR Logo
Press release

Molecular Diagnostics Market Expanding at a CAGR of 11.4% by 2031, Driven by Growing Awareness for Personalized Medicine

07-18-2024 06:54 PM CET | Associations & Organizations

Press release from: ABNewswire

Skyquest Technology

Skyquest Technology

Molecular Diagnostics Market Size, Share, Growth Analysis, By Product & Service(Reagents & Kits, Instruments, Services & Software), By Test Type(Lab Tests, PoC Tests), By Sample Type(Blood, Serum, & Plasma, Urine), By Technology(Polymerase Chain Reaction, Isothermal Nucleic Acid Amplification Technology, DNA Sequencing & Next- Generation Sequencing, In Situ Hybridization), By Application(Infectious Disease Diagnostics (Hepatitis, HIV, CT/NG, HAI), By Region - Industry Forecast 2024-2031
Molecular Diagnostics Market [https://www.skyquestt.com/report/molecular-diagnostics-market] size was valued at USD 14.00 billion in 2022 and is poised to grow from USD 15.60 billion in 2023 to USD 37.00 billion by 2031, growing at a CAGR of 11.4% during the forecast period (2024-2031).

The demand for molecular diagnostics is increasing due to the raising incidences of infectious diseases along with different types of cancer. A rise in the awareness and adoption of personalized medicines, and significant growth in biomarker identification is fueling the growth of the market. With this therapy it is possible to identify the genomic variants that help in detection, diagnosis, sub classification, prognosis, and monitoring the therapy.Molecular diagnostics can be a sensitive but extremely powerful technique. It is extensively used for classifying biologic markers in a genome and proteome by recognizing bacterial genes and analyzing the specific bacterial infection. In the last few years, developments in molecular diagnosis resulted in the development of new technologies like PCR, NGS, microarray. The global molecular diagnostic market is significantly rising with the prevalence of infectious diseases like HIV, hepatitis, cancer, and respiratory infection.

Download a detailed overview:

https://www.skyquestt.com/sample-request/molecular-diagnostics-market

Development of Precision Medicine is Driving the Molecular Diagnostics

Precision medicine emphasizes customizing medical therapies and interventions for every patient depending on their genetic composition, lifestyle, and environmental aspects. Molecular diagnostics plays an important role here by helping in identifying particular biomarkers, genetic mutations, and gene expression patterns. With this information the healthcare practitioners can make informed decisions about each patient. Today, molecular diagnostics has become a crucial component of the drug development procedure. Companion diagnostics are tests that are used for recognizing patients who will respond positively to the treatment curated for them. This therapy helps the pharmaceutical companies to increase the success rate of the clinical trials and streamline the drug development procedure by identifying the ideal candidates.

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/molecular-diagnostics-market

Increasing Focus on Less-Invasive Testing Process

With less invasive testing process healthcare providers can detect the infection at its early stages and constantly monitor it, leading to a better treatment result and patient management. Patients also prefer non-invasive or minimal invasive procedures because they are less painful and have short recovery times, resulting in less risks. The aging population is also more susceptible to chronic diseases that need constant monitoring, making less invasive testing beneficial. Molecular diagnostics also allows blood tests that can identify the specific genetic or protein markers related with different diseases. These tests offer useful information without any invasive process, making them more appealing to patients. The increasing demand for less invasive testing processes is creating immense opportunities for the molecular diagnostics market.

* In January 2024, Illumina partnered with Janssen to manufacture a molecular residual disease liquid biopsy test. The company also has plans of developing a cost-efficient whole-genome sequencing multi-cancer test for identifying DNA.
* In November 2023, Co-Diagnostics Inc., got a grant of 8.97 Million from the Bill & Melinda Gates Foundation for developing an innovative tuberculosis test for Co-Dx PCR platform.
* In July 2023, T2 Biosystem was granted the Breakthrough Device designation from the U.S. FDA for C. Auris direct-from-blood molecular test.
* In February 2023, Thermo Fisher Scientific Inc. collaborated with MyLab to acquire RT-PCR kits for multiple infectious diseases.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/molecular-diagnostics-market

The global molecular diagnostics market is growing rapidly because of multiple factors like rising cases of chronic diseases, technological developments, and the customer preference for personalized treatments. Advancements in the DNA sequencing technology, growing applications in oncology, genetic testing, and adoption of companion diagnostics are also influencing the growth of the market. Moreover, collaborations and alliances among key market players along with emphasis on R&D backed by government institutions are fostering the progression in the molecular diagnostics market.

Related Reports:

Digital Twin Market [https://www.skyquestt.com/report/digital-twin-market]

Visit Our Website: https://www.skyquestt.com/

Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=molecular-diagnostics-market-expanding-at-a-cagr-of-114-by-2031-driven-by-growing-awareness-for-personalized-medicine]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/molecular-diagnostics-market



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 Molecular Diagnostics Market Expanding at a CAGR of 11.4% by 2031, Driven by Growing Awareness for Personalized Medicine here

News-ID: 3588927 • Views:

More Releases from ABNewswire

TCL Offers Unmatched Discounts on NXTPAPER 11 Gen 2 Tablets for a Limited Time
TCL Offers Unmatched Discounts on NXTPAPER 11 Gen 2 Tablets for a Limited Time
Image: https://www.abnewswire.com/upload/2025/11/7d28d258c990d6d6d333a09d1195a4d9.jpg TCL is making eye comfort more affordable than ever this Black Friday, with both configurations of its NXTPAPER 11 Gen 2 tablet [https://www.amazon.com/dp/B0FG7FRDPL?maas=maas_adg_F465400792B3CDBEB55FE9291F5841A8_afap_abs&ref_=aa_maas&tag=maas] seeing record-low prices on Amazon. From now through December 1, the 64 GB version is down to $159.99 (36% off), and the 128 GB version is just $179.99 (38% off). The NXTPAPER 11 Gen 2 stands out for its paper-like 11-inch Full HD+ display, powered by TCL's
TCL offers exceptional deal making NXTPAPER 11 Plus tablet affordable under 300$
TCL offers exceptional deal making NXTPAPER 11 Plus tablet affordable under 300$
If you're looking for a tablet that balances performance, comfort, and value, the NXTPAPER 11 Plus from TCL [https://www.amazon.com/dp/B0FLJMFNR7?maas=maas_adg_5AF2681E26EC62C74DF5C1C72CE6A9DD_afap_abs&ref_=aa_maas&tag=maas] is shaping up to be one of this year's smartest buys. With the Black Friday sale underway, you can snag it for just $249.99. Image: https://www.abnewswire.com/upload/2025/11/da5f5868666d07b1b589c9593af7a59f.jpg The 11.5" 2.2K resolution screen uses TCL's proprietary NXTPAPER 4.0 technology, designed to reduce glare, cut blue-light emission, and deliver a more "paper-like" reading experience - ideal
TCL Unveils Exceptional Offer on the Advanced NXTPAPER 11 Gen 2 Tablet
TCL Unveils Exceptional Offer on the Advanced NXTPAPER 11 Gen 2 Tablet
If you're on the lookout for an affordable tablet this Black Friday that's easy on the eyes, the TCL NXTPAPER 11 Gen 2 (128 GB) [https://www.amazon.com/dp/B0FG7QV6SF?maas=maas_adg_1486FCD4C758EA9A35182092D196F846_afap_abs&ref_=aa_maas&tag=maas] is now a serious contender - and with its current deal, it's one to watch. Image: https://www.abnewswire.com/upload/2025/11/1c870dfdbb5765161f68d40f15583e4c.jpg Original price: $289.99 Black Friday price: $179.99 - that's 38% off (about $110 off) Deal runs from November 20 through December 1, 2025, available on Amazon. Eye-friendly NXTPAPER display: The NXTPAPER 4.0
Arabian Ranches 2 Dubai Lifestyle and Community Insights
Arabian Ranches 2 Dubai Lifestyle and Community Insights
Image: https://www.abnewswire.com/upload/2025/11/f05e5fe29252be6e415fae48b211f699.jpg Introduction Morning activity sets the tone for the Arabian Ranches 2 lifestyle [https://www.luxuryproperty.com/dubai/villa-for-rent/arabian-ranches-2]. The streets stay calm as joggers move along the shaded paths, and families gather at the parks before school buses arrive. You feel the structure and comfort that define Dubai family communities. Life slows down after you pass the gates. The streets stay organized, and the parks stay active throughout the day. This setting shows the true

All 5 Releases


More Releases for Technology

Insurance Technology Market Outlook 2021 | TIA Technology, Patriot Technology So …
Insurance Technology Market has recently added by Qurate Research to its vast repository. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. Report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report is integrated with imperative insights on the market, which will support the clients to make precise business decisions. The report incorporates data regarding the
Global Insurance Technology Market 2019 – Top Companies Xchanging, Insurance T …
"Insurance Technology or Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech.” Global Insurance Technology Market Research Report is a valuable source of insightful data for business strategists. Provides industry Overviews, including Growth Analysis, Past & Future Costs, Revenue, Demand and Supply Data (where
Insurance Technology Market Analysis By Major Players | Xchanging, Insurance Tec …
The global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025. This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and
Insurance Technology Market – Major Technology Giants in Buzz Again | TIA Tech …
Global Insurance Technology Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Insurance Technology Market. Some of the key players profiled in the study are Xchanging, Insurance Technology
Global Insurance Technology Market 2018-2025 Health and Life Insurance By Xchang …
In 2017, the global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025. This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges,
Ultrasonic Technologies Market by Technology (Motor/actuator technology, medical …
The global ultrasonic technologies market provides alteration of processes with the use of oscillating sound of very high frequency. It is expected that the market would grow at a respectable rate as the technology is being widely adopted. Various verticals such as industrial units and healthcare are using ultrasound as it is considered a highly efficient technology. In the healthcare sector, it is used for diagnosis and treatment by minimal