Press release
Molecular Diagnostics Market forecast to reach $10bn by 2023
Global Market Insights, Inc.
Rampant use of advanced PoC (point of care) diagnostics devices across the healthcare sector will spur molecular diagnostics market growth. A swift rise in the aging population prone to chronic ailments is expected to offer huge potential for the industry growth. As per UN reports, the older population (> 65 years) is expected to rise from 901 million in 2015 to nearly 2.1 billion by 2050. Furthermore, heavy demand for personalized drugs as well as companion diagnostics along with high expenditure on activities pertaining to medical diagnostics clinical research will drive the market trends over the coming six years.
Request for a sample of this research report - https://www.gminsights.com/request-sample/detail/434
DNA/RNA Purification, PCR (Polymerase chain reaction), and Real-Time PCR are some of the key molecular diagnostics technologies. PCR, which accounted for 46% of molecular diagnostics industry share in 2015, is expected to contribute significantly towards the overall revenue over the coming timeframe. Real time PCR is also expected to make substantial contributions towards molecular diagnostics market size, driven by breakthroughs in clinical microbiology, molecular biology, and instrumentation.
Contagious diseases such as tuberculosis, hepatitis C, flu, RSV (Respiratory syncytial virus), meningitis, hepatitis B, HPV (human papillomavirus), Dengue, and STD (Sexually Transmitted Disease) are projected to contribute significantly towards molecular diagnostics market revenue over the next few years. STD, which covered a major portion of the overall revenue in 2015, is expected to offer lucrative growth opportunities for the industry over the next few years. High occurrence of sexually transmitted diseases along with the use of advanced diagnostic procedures will drive the growth. HPV is anticipated to nurture molecular diagnostics industry growth over 2016-2023. Rise in HPV infections across the globe is expected to drive the growth.
Browse key industry insights spread across 115 pages with 142 market data tables & 9 figures & charts from the report, “Molecular Diagnostics Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/molecular-diagnostics-market-report
Below are the regional trends influencing molecular diagnostics market over 2016-2023
APAC molecular diagnostics industry size is expected to grow considerably over the coming timeframe. Rise in incidence of contagious diseases as well HAIs (hospital acquired infections), high patient population base, fast economic development, and preventive healthcare legislations will be the key driving factors. China, Malaysia, and India are predicted to be the major regional revenue contributors.
Introduction of new technologies, enhanced healthcare facilities, increase in patient awareness level regarding early diagnosis of the ailment, and heavy funding for R&D activities associated with drug discovery will boost North America molecular diagnostics market revenue over the coming six years. U.S. is expected to be the key regional growth driver.
Large acceptance of modern technologies along with high investments across the healthcare sector to improve the care services is expected to accelerate Europe molecular diagnostics industry growth. Germany is projected to contribute considerably towards the regional share.
Africa molecular diagnostics industry revenue, estimated at over USD 130 million in 2015, is expected to grow at a rate of 9.5% over 2016-2023. High acceptance of novel technologies such as PoC diagnostic kits plus rise in occurrence of contagious diseases is forecast to drive the regional growth.
Market players will try to expand their product portfolio through strategic collaborations and joint ventures. Key industry participants include Johnson & Johnson, bioMerieux, Becton Dickinson, Abbott Laboratories, Danaher Corporation, Cepheid, Bio-Rad Laboratories, Bayer Healthcare, F. Hoffmann-La Roche AG, Siemens Healthcare, Dako, and Novartis.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/434
Browse Related Reports:
Autoimmune Disease Diagnostics Market Size By Product [Systemic (Rheumatoid Arthritis, Ankylosing Spondylitis, Systemic Lupus Erythematosus (SLE)), Localized], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, U.K, Japan, China, Brazil) Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/autoimmune-disease-diagnostics-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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 forecast to reach $10bn by 2023 here
News-ID: 598132 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for PCR
PCR & Real-time PCR Molecular Diagnostics Market Size to Expand Lucratively duri …
PCR & Real-time PCR Molecular Diagnostics Market: Introduction
Transparency Market Research has published a new report titled, 'Global PCR & Real-time PCR Molecular Diagnostics Market'. According to the report, the global PCR & real-time PCR molecular diagnostics market was valued over US$ 4.1 Bn in 2019. It is projected to expand at a CAGR of ~4% from 2020 to 2030. Polymerase chain reaction (PCR) is used to amplify or make copies…
PCR and Real-time PCR Molecular Diagnostics Market – Outlook, Size, Share & Fo …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes.
The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular…
Global Real-time PCR (RT-PCR) Fluorescence Probe Market Growth 2020-2025
GLOBAL INFO RESEARCHhas lately published a new report titled, *Global and China Real-time PCR (RT-PCR) Fluorescence Probe Market 2020 by Company, Type and Application, Forecast to 2025*. The researchers have offered a broad understanding of the industry with the help of research methodologies such as PESTLE Analysis and Porter's Five Forces.
Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/Global-Real-time-PCR-(RT-PCR)-Fluorescence-Probe_p418256.html
At the start, the report lays emphasis on the key…
PCR Technologiess Market 2027 By Companies(Abbott, F. Hoffmann-La Roche Ltd., Th …
The exclusive report on PCR Technologies Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a universal view of the market. The report gives an in-detailed information across global regions, including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research…
Digital PCR (dPCR) and Quantitative PCR (qPCR) Market Intelligence Report Offers …
Polymerase chain reaction (PCR) technology is used to amplify or make several copies of deoxyribonucleic acid (DNA) sequence of interest. Polymerase chain reaction (PCR) technology is used in various applications ranging from DNA cloning, diagnosis of hereditary diseases, functional analysis of genes, paternity testing, detection of infectious diseases, and forensic sciences. Digital PCR (dPCR) and quantitative PCR (qPCR) are two major types of polymerase chain reaction (PCR) technologies. Digital PCR…
United States Digital PCR and Real-time PCR (qPCR) Market Report 2017
24 Market Reports provides a complete data analysis of United States Digital PCR and Real-time PCR (qPCR) Market Report 2017 with Market value, Sales, Price, Industry Analysis and Forecast with the help of Industry Experts.
In this report, the United States Digital PCR and Real-time PCR (qPCR) market is expected to reach high by the end of 2022.
Geographically, this report splits the United States market into seven regions:
• The West
• Southwest
• The Middle Atlantic
• New…
