Molecular Diagnostics Market size was valued at USD 23.5 Bn. in 2022 and the total Molecular Diagnostics revenue is expected to grow by 7 % from 2023 to 2029, reaching nearly USD 37.8 Bn.
Molecular Diagnostics Market Report Overview:
The Molecular Diagnostics Market’s future trajectory has been projected based on region, type, and application, incorporating sales and revenue data. The Molecular Diagnostics Market research underscores aspects such as market share, primary suppliers, distributors, evolving price trends, and the intricate raw material supply chain. By offering these insights, the market report furnishes companies with a profound understanding of the dynamics prevalent within the global Molecular Diagnostics Market industry.
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Molecular Diagnostics Market Scope and Research Methodology
The core focus of the Molecular Diagnostics Market report centers on illuminating the dynamics encompassing drivers, restraints, challenges, and opportunities. This comprehensive insight into market dynamics is presented both regionally and by segment, rendering the report an indispensable resource for potential investors. Data collection for the report was achieved through the synergy of primary and secondary research methodologies, ensuring the Molecular Diagnostics Market report’s authenticity and accuracy.
The process of arriving at the total market size involved segmenting the market into various categories, each verified through primary research achieved by conducting extensive interviews with influential individuals within the Molecular Diagnostics Market industry. Employing a bottom-up approach, the report estimated both regional and global Molecular Diagnostics Market sizes.
In addition, secondary research identified significant Molecular Diagnostics Market industry key players, whose revenues were determined through a combination of primary and secondary research. The secondary research phase encompassed data collection from official databases of diverse organizations, government sources, industry journals, white papers, annual reports, and suppliers within the Molecular Diagnostics Market industry. Meanwhile, primary research involved conducting in-depth interviews with industry experts and opinion leaders.
Molecular Diagnostics Market Dynamics
Large outbreaks of bacterial and viral epidemics throughout the world, rising need for point-of-care diagnostics, recent advances in pharmacogenomics, and quickly growing technology are some of the reasons driving the market growth. According to the World Health Organization’s 2020 report, TB is the world’s 13th largest cause of death and the second leading infectious illness, after only COVID-19 (but ahead of HIV/AIDS). Tuberculosis was expected to affect roughly 10.5 million persons worldwide in 2020. There are 5.8 million males, 3.5 million women, and 1.5 million children in this group.
Molecular Diagnostics Market Segmentation:
by Product & Service
- Reagents & Kits
2. Instruments
3. Services & Software
by Test Type
- Lab Tests
2. PoC Tests
by Technology
- Polymerase Chain Reaction (PCR)
2. Isothermal Nucleic Acid Amplification Technology (INAAT)
3. DNA Sequencing & Next- generation Sequencing (NGS)
4. In Situ Hybridization (ISH)
5. DNA Microarrays
6. Other Technologies
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Molecular Diagnostics Market Key Players:
- F. Hoffmann-La Roche Ltd.(Switzerland)
2. Hologic, Inc.(US)
3. HTG Molecular Diagnostics, Inc.(US)
4. Thermo Fisher Scientific, Inc.(US)
5. Myriad Genetics, Inc.(US)
6. PerkinElmer, Inc.(US)
7. Abbott Laboratories(US)
8. Quidel Corporation(US)
9. Exact Sciences Corporation(US)
10. Danaher Corporation(US)
11. Illumina, Inc.(US)
12. Becton(US)
13. Dickinson and Company(US)
14. Agilent Technologies, Inc.(US)
15. bioMérieux SA(France)
16. ELITechGroup (France)
17. QIAGEN N.V.(Germany)
18. Siemens Healthineers AG(Germany)
19. Grifols, S.A.(Spain)
20. DiaSorin S.p.a.(Italy)
21. Genetic Signatures(Australia)
22. TBG Diagnostics Limited(Australia)
23. MDx Health(Belgium)
24. Biocartis NV (Belgium)
25. Vela Diagnostics (Singapore)
26. Amoy Diagnostics Co., Ltd.(China)
27. Molbio Diagnostics Pvt. Ltd.(India)
28. geneOmbio Technologies Pvt. Ltd(India)
29. Savyon Diagnostics (Israel)
30. Abacus Diagnostica Oy (Finland)
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Molecular Diagnostics Market Regional Analysis:
The Molecular Diagnostics Market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Molecular Diagnostics Market in these countries.
Key Questions answered in the Molecular Diagnostics Market Report are:
- What is the expected CAGR of the Molecular Diagnostics Market during the forecast?
- What is the expected Molecular Diagnostics Market size during the forecast period?
- Which regional Molecular Diagnostics Market is expected to hold the largest share during the forecast period?
- What are the market segments?
- Which production technology is utilized for the Molecular Diagnostics Market?
- What trends are driving the market growth?
- Who are the global key players in the Molecular Diagnostics Market?
- What is the global market status of the Molecular Diagnostics Market?
- What was the volume, manufacturing value, price, and revenue of Molecular Diagnostics Market?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments, and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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