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Global Molecular Diagnostics Market Set for Strong Growth Driven by Infectious Diseases and Technological Advances
Molecular Diagnostics Market
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Key Market Drivers
One of the biggest growth factors for molecular diagnostics is rapid technological development. New techniques, such as Transcription-Mediated Amplification (TMA) and Loop-Mediated Isothermal Amplification (LAMP), are making diagnosis faster, more accurate, and cost-effective. Companies like QIAGEN and Sigma Aldrich are leading the way in developing these innovative methods.
The COVID-19 pandemic accelerated the adoption of molecular diagnostics. RT-PCR became the standard for detecting the virus, while PoC assays significantly reduced testing time. Beyond COVID-19, the rising burden of autoimmune diseases and cancers is further boosting the need for molecular testing.
Market Restraints
Despite strong growth, high costs of molecular diagnostic tools remain a challenge. Smaller hospitals, clinics, and laboratories often lack the budget to invest in expensive equipment, limiting wider adoption.
Product & Service Insights
Reagents & Kits: This segment held the largest market share in 2021 and is expected to grow the fastest. Demand is rising for quick and sensitive diagnostic kits, especially those used in infectious disease detection. Their cost-effectiveness and wide use in research and clinical settings are fueling adoption.
Instruments: Advanced devices that automate testing are seeing strong demand, particularly for COVID-19 detection and other infectious diseases.
Software & Services: Analyzer software, which automates diagnostic processes, is increasingly being adopted by diagnostic centers worldwide.
Technology Insights
Polymerase Chain Reaction (PCR): PCR dominated the market in 2021 due to its reliability in detecting microorganisms like viruses and bacteria. Multiplex PCR, which can test for multiple conditions at once, has become especially important.
DNA Sequencing & NGS: This segment is expected to grow at one of the highest rates, driven by its role in personalized medicine, drug discovery, and genome profiling. Costs of sequencing technologies are decreasing, making them more accessible.
In Situ Hybridization (ISH): ISH, including Fluorescence In Situ Hybridization (FISH), is gaining traction in cancer diagnosis and genetic research, especially as it works well with tissue samples commonly used in clinical labs.
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Application Insights
Infectious Diseases: This segment accounted for the largest share in 2021. Molecular diagnostics provide quick and reliable detection for diseases like COVID-19 and help healthcare systems respond faster to outbreaks.
Oncology: Expected to be the fastest-growing application segment, oncology is increasingly relying on molecular diagnostics for personalized treatment. Tests can identify mutations linked to cancers, guiding doctors in choosing the most effective therapies.
Other Applications: Neurological diseases, cardiovascular conditions, pharmacogenomics, and genetic testing are also growing areas where molecular diagnostics are playing a crucial role.
End-Use Insights
Hospitals & Clinics: This segment held the largest share in 2021 as molecular testing becomes more common in hospital labs, especially for infectious diseases and cancer care. Automated systems are helping hospitals deliver faster and more accurate results.
Diagnostic Centers: Expected to grow at the fastest rate, diagnostic centers are investing in advanced molecular testing equipment to meet rising demand for early disease detection.
Test Location Insights
Central Laboratories: These labs accounted for the largest share in 2021, supported by high testing volumes and government-funded diagnostic programs.
Point-of-Care (PoC): This segment is expected to grow the fastest. Portable and rapid PoC tests are increasingly being used in hospitals and clinics, as well as outside traditional healthcare settings. Companies like Alere, Roche Diagnostics, and Cepheid are already leading in this space.
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Molecular Diagnostics Market Top Companies and Competitive Landscape
The global molecular diagnostics market is fairly fragmented, with a number of large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective molecular diagnoses. Some major players included in the global molecular diagnostics market report are:
Abbott Laboratories
BioMérieux SA
BD (Becton, Dickinson and Company)
Siemens Healthcare GmbH
Danaher Corporation
Hoffmann-La Roche Ltd.
Thermo Fisher Scientific Corporation
QIAGEN
Quidel Corporation
Myriad Genetics, Inc.
Molecular Diagnostics Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global molecular diagnostics market based on product & service, technology, application, end-use, test location, and region:
Product & Service Outlook (Revenue, USD Billion; 2019-2030)
Reagent & Kits
Instruments
Software & Service
Technology Outlook (Revenue, USD Billion; 2019-2030)
Polymerase Chain Reaction (PCR)
Isothermal Nucleic Acid Amplification Technology (INAAT)
In Situ Hybridization (ISH)
DNA Sequencing & Next-Generation Sequencing
DNA Microarray
Transcription Mediated Amplification (TMA)
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Infectious Diseases
COVID-19
Hepatitis
Clostridium Difficile
Tuberculosis (TB) and Drug-resistant TB
HIV
Meningitis
Influenza
HPV
Respiratory Syncytial Virus (RSV)
Others
Oncology
Breast Cancer
Prostate Cancer
Cervical Cancer
Blood Cancer
Lung Cancer
Kidney Cancer
Others
Genetic Tests
Pharmacogenomics
Neurological Diseases
Cardiovascular Diseases
Microbiology
Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Hospital & Clinics
Diagnostics Centers
Others
Test Location Outlook (Revenue, USD Billion; 2019-2030)
Point-of-Care
Self-testing or Over the Counter
Central Laboratories
Regional Outlook (Revenue, USD Billion; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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