Press release
Global Molecular Diagnostics Market: Segmental Highlights and Table of Content (2017-2025)
Global Molecular Diagnostics Market: Continuous Evolution of Molecular Biology Augurs Well for Growth, states TMRAccording to the research report, the global molecular diagnostic market is estimated to reach a valuation of US$18.9 bn by the end of 2025 as compared to US$7.1 bn in 2016. Between the forecast years of 2016 and 2025, the global market is estimated to expand at a steady CAGR of 11.6%.
The Global Molecular Diagnostics Market is segmented on the basis of Technology, Application, End Use and Geography.
On the basis of technology, the global molecular diagnostics market is segmented into PCR and real-time PCR, hybridization, microarray, transcription-mediated amplification, next-generation sequencing, and others such as mass spectrometry. Of these, the PCR and real-time PCR technology segment is anticipated to show a significant progress during the forecast years. This segment is projected to expand at a CAGR of 11.1% between 2016 and 2025. The extensive usage of this technology is expected to play significant role in its growth.
On the basis of geography, the global molecular diagnostics market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these, North America is estimated to account for a share of 39.6% in the overall market by the end of 2025. This segment is likely to thrive due to the changing demographics, high prevalence of cancer, evolving lifestyles, and well-established healthcare infrastructure.
On the basis of geography, the global molecular diagnostics market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, North America held a leading share of 39.1% in the global market. This dominance was due to high prevalence of infectious diseases and rising number of initiatives by governments to raise awareness. Furthermore, the emerging trend of patients opting for molecular diagnostic tests as they are affordable is also contributing to the growth of this regional market. Analysts anticipate that Asia Pacific is also expected to offer several lucrative opportunities to the global market during the forecast period. The demand for molecular diagnostics in Asia Pacific is expected to be propelled by the rising disposable income among the population, growing concerns about health, and improving awareness about molecular diagnostic tests.
Summary of Table of Content
1. Preface
2. Assumptions and research methodology
3. Executive summary: global molecular diagnostics market
4. Market overview
5. Global Molecular Diagnostics Market Analysis and Forecast, 2017-2025
6. Global Molecular Diagnostics Market Analysis and Forecast, By Technology
7. Global Molecular Diagnostics Market Analysis and Forecast, By Application
8. Global Molecular Diagnostics Market Analysis and Forecasts, By End User
9. Global Molecular Diagnostics Market Analysis and Forecasts, By Region
10. North America Molecular Diagnostics Market Analysis and Forecast
11. Europe Molecular Diagnostics Market Analysis and Forecast
12. Asia Pacific Molecular Diagnostics Market Analysis and Forecast
13. Latin America Molecular Diagnostics Market Analysis and Forecast
14. Middle East and Africa Molecular Diagnostics Market Analysis and Forecast15. Competition Landscape
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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