Global Molecular Diagnostics Market is expected to undergo a CAGR of 12.8% during the forecast period 2022 to 2029.

Molecular Diagnostics Market Definition

Molecular diagnosis can identify diseases such as infectious diseases, hereditary diseases, cardiovascular diseases, neurological diseases, and others by investigating molecules such as DNA, RNA, and protein in a tissue or a fluid. Several methods such as PCR, mass spectrometry, next-generation sequencing, cytogenetics, in situ hybridization, molecular imaging, and others are utilized to diagnose various diseases. To evaluate an individual's susceptibility to particular diseases or the stage of an existing disease, molecular diagnostics employs strong technologies such as gene expression profiling, DNA sequence analysis, and biomarker identification. Thanks to modern technologies, it provides the greatest therapy for patients, and the diagnosis process has grown faster and more efficient.

Molecular Diagnostics Market Analysis and Size

The increasing prevalence of infectious diseases and cancer across the globe, has increased the adoption of molecular diagnostics. The key players are now focused on technological advances in molecular diagnostics and are also indulging in collaboration and partnerships with other organizations. Consequently, these growth determinants will aid market to show substantial growth over the forecasted period.

 

Global Molecular Diagnostics Market was valued at USD 17.8 billion in 2021 and is expected to reach USD 46.65 billion by 2029, registering a CAGR of 12.8% during the forecast period of 2022-2029. The "reagents and kits" accounts for the largest products segment in the molecular diagnostics market within the forecasted period owing to the frequent purchase of these products due to their recurrent usage. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

America Iron-Deficiency Anemia Therapy Market Scope and Market Size

The molecular diagnostics market is segmented on the basis of products, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

  • Reagents and Kits
  • Instruments
  • Services and Software

On the basis of products, the molecular diagnostics market is segmented into reagents and kits, instruments and services and software. The instruments are sub-segmented into tabletop instruments and portable and PoC instruments. Reagents and kits accounts for the largest market share owing to the frequent purchase of these products due to their recurrent usage.

Technology

  • Mass Spectrometry (MS)
  • Capillary Electrophoresis
  • Next Generation Sequencing (NGS)
  • Chips and Microarray
  • Polymerase Chain Reaction (PCR)-Based Methods

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.

Application

  • Oncology
  • Pharmacogenomics
  • Microbiology
  • Prenatal Tests
  • Tissue Typing
  • Blood Screening

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Molecular Diagnostics Market Country Level Analysis

The countries covered in the molecular diagnostics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the molecular diagnostics market because of the increased per capita healthcare expenditure and high demand for better healthcare facilities within the region.

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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to molecular diagnostics market.

 Key Players Molecular Diagnostics Market

  • Hoffmann-La Roche Ltd.(Switzerland)
  • Hologic Inc. (U.S)
  • bioMérieux (France)
  • Abbott (U.S)
  • QIAGEN (Netherlands)
  • Thermo Fisher Scientific (U.S)
  • Siemens (Germany)
  • Danaher (U.S)
  • Myriad Genetics Inc. (US)
  • Illumina Inc. (US)
  • Agilent Technologies Inc. (U.S)
  • BD (U.S)
  • DiaSorin S.p.A (Italy)
  • Grifols S.A. (Spain)
  • Quidel Corporation(US)
  • Genetic Signatures (Australia)
  • MDxHealth Inc. (US)

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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 Molecular Diagnostics Market by Product & Procedure type

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