Acknowledging its growing popularity and the market growth, Market Research Future, recently published a study report – The Global Molecular Diagnostics Market. Which indicates that the Market is booming and estimated to gain further prominence over the forecast period. Further MRFR asserts that the Market will demonstrate a massive growth by 2023, phenomenally superseding its previous growth records in terms of value with a whooping CAGR during the anticipated period. The World Molecular Diagnostics Market research report is expected to grow at a CAGR of 9.6% during forecasted period 2017-2023.
Market Research Future published new report, titled “Molecular Diagnostics Market -Research Report: Global Forecast till 2023”.
Market Highlights of Global Molecular Diagnostics Market:
The reagents used in molecular diagnostics play important role in primary diagnosis and treatment of diseases at molecular level. The instruments like PCR and next generation sequencing has shown reliable test results and are rapid in nature which resulting increasing demand in central laboratories diagnostics institutes. Moreover, molecular testing tools are providing better alternatives in detecting in infectious viral, bacterial and other pathogens. All these factors are responsible for growth of the market positively. Furthermore, increasing prevalence of infectious diseases like influenza and human papillomavirus and others also boost the growth of the market. On the other hand, higher price of molecular diagnostic kits may hinder the growth of the market.
The Worldwide Molecular Diagnostics Market report explores the Top KeyPlayers in-depth analysis as: Hoffmann-La Roche Ltd. (U.S.), QIAGEN N.V. (the Netherlands), Hologic, Inc. (U.S.), Grifols (Spain), Abbott (U.S.), Siemens Healthcare GmbH (Germany), Bio-Rad Laboratories, Inc. (US), BD (U.S.), Beckman Coulter Inc. (U.S.), bioMérieux SA (France), and Cepheid (U.S.).
The global molecular diagnostics market is segmented on the basis of techniques, applications and end users. Based on the techniques, it is segmented into PCR (Polymerase chain reaction) and real-time PCR, fluorescence in-situ hybridization, microarray, transcription-mediated amplification, and next-generation sequencing. Based on applications, it is segmented into infectious diseases, oncology, blood screening, genetic testing, pharmacogenomics, human leukocyte antigen typing, coagulation, others. And based on end users, it is segmented into hospitals, diagnostic laboratories, academics and research institutions.
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On the basis of regional analysis, global molecular diagnostics market is segmented into America, Europe, Asia Pacific and Middle East & Africa. America accounts for the major share of the market for molecular diagnostics followed by Europe and Asia Pacific. Increasing prevalence of chronic diseases and various types of cancer, and huge investment in research sector and treating diseases has improved growth of market. Europe accounts second largest share of market due to increase demand for biomarker test to diagnose cardiovascular disease as number of obese people. The European molecular diagnostics market has observed stable growth owing to increasing demand for advanced molecular diagnostic products.
Asia-Pacific is fastest growing market region for this market. Presence of large number of low budget hospitals and clinics and huge population base are responsible for growth of this market in Asia Pacific.
Middle East & Africa has a limited growth in the market due to lack of awareness among the people and limited development of medical sector.
Table of Contents
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Molecular Diagnostics Market, By Type of Technique
Chapter 7. Global Molecular Diagnostics Market, By Applications
Chapter 8. Global Molecular Diagnostics Market, By End User
Chapter 9. Global Molecular Diagnostics Market, By Region
Chapter 10. Company Landscape
Chapter 11. Company Profiles
Chapter 12. MRFR Conclusion files
Chapter 13. Appendix
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