Global Molecular Diagnostics Market | Innovations Driving Future Healthcare - 2024-2031 | Major Companies likes - F Hoffmann-la Roche Ltd, Illumina, Inc., Abbott, BD, Bio-Rad Laboratories, Inc., Hologic, Inc., Agilent Technologies Inc.

The latest report published by DataM Intelligence highlights the growth prospects of Molecular Diagnostics market. The industry expansion is majorly driven by developments in technology across the globe.

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The Global Molecular Diagnostics Market reached USD 22.8 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 35.7 billion by 2031. The global molecular diagnostics market is expected to exhibit a CAGR of 5.9% during the forecast period 2024-2031.

Molecular diagnostics is a branch of medical testing that analyzes biological markers in the genome and proteome to detect and monitor diseases. By identifying genetic mutations, infections, and cancer markers at the molecular level, it enables early diagnosis, personalized treatment, and improved patient outcomes in fields like oncology, infectious diseases, and genetic disorders.

Competitive Evaluation:

Companies covered in this report are F Hoffmann-la Roche Ltd, Illumina, Inc., Abbott, BD, Bio-Rad Laboratories, Inc., Hologic, Inc., Agilent Technologies Inc., Myriad Genetics, Inc., Thermo Fisher Scientific Inc. and Danaher

The Molecular Diagnostics Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On May 19, 2023, Hologic Inc.'s Panther Fusion Flu A/B/SARS-CoV-2/RSV assay received 510(k) clearance from the U.S. FDA. This molecular diagnostic test can differentiate between four major respiratory viruses: respiratory syncytial virus (RSV), influenza A, influenza B, and SARS-CoV-2, enhancing accurate and efficient respiratory infection diagnosis.

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Molecular Diagnostics Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Product Type: Reagents, Instruments, Software & Services

By Application: Oncology, Cardiovascular Diseases, Infectious Diseases, and Others

By End-User: Research Laboratories, Hospitals, Medical Academics

By Technology: PCR, Hybridization, INAAT, and Others

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Molecular Diagnostics market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Molecular Diagnostics Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Molecular Diagnostics industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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