Europe Molecular Diagnostics Market is expected to undergo a CAGR of 5.5% during the forecast period 2021 to 2028.
Europe Molecular Diagnostics Market Analysis and Insight
The molecular diagnostics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.5% in the forecast period of 2021 to 2028 and is expected to reach USD 13,637.22 million by 2028. Increase in prevalence of infectious diseases and cancer is expected to boost the growth of the molecular diagnostics market.
Molecular diagnosis identifies or diagnoses diseases such as infectious diseases, genetic diseases, cardiovascular diseases, neurological diseases, and others by studying molecules such as DNA, RNA, protein in a tissue or a fluid. Different technologies such as PCR, mass spectrometry, -generation sequencing, cytogenetics, in situ hybridization, molecular imaging and others are used to diagnose different diseases.
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The molecular diagnostics market is segmented based on the products, technology, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of products, the molecular diagnostics market is segmented into reagents & kits, instruments and services & softwares. In 2021, the instruments segment is expected to dominate the molecular diagnostics market due to the rise in demand for advanced technology to diagnose diseases such as infectious diseases, cancer and others.
On the basis of technology, the molecular diagnostics market is segmented into mass spectrometry (MS), capillary electrophoresis, next generation sequencing (NGS), chips and microarray, polymerase chain reaction (PCR)-based methods, cytogenetics, in situ hybridization (ISH or FISH), molecular imaging and others. In 2021, the polymerase chain reaction (PCR)-based methods segment is expected to dominate the molecular diagnostics market due to increased demand for PCR kits to diagnose COVID-19 and curb the pandemic.
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Europe Molecular Diagnostics Market Country Level Analysis
The countries covered in the Europe molecular diagnostics market report are the Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Italy and rest of Europe.
The products segment in Germany region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increase in demand for diagnosis instrument to diagnose COVID-19 patients and other cardiovascular diseases, infectious diseases and others. The products segment in Belgium is dominating the Europe molecular diagnostics market owing to increased healthcare expenditure. The U.K. is leading the growth of the Europe molecular diagnostics market for risk segment due to increasing demand for point-of-care testing and precision medicine.
Competitive Landscape and Iron-Deficiency Anemia Therapy Market Share Analysis
The molecular diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe molecular diagnostics market.
Key Players Europe Molecular Diagnostics Market
- Abbott
- Siemens Healthcare GmbH
- Thermo Fisher Scientific Inc.
- BD
- bioMérieux SA
- Cepheid
- Hologic Inc.
- Myriad Genetics Inc.
- QIAGEN
- Agilent Technologies Inc.
- Quidel Corporation
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Europe Molecular Diagnostics Market by Product & Procedure type
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https://www.databridgemarketresearch.com/toc/?dbmr=europe-molecular-diagnostics-market
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