Oncology Molecular Diagnostics Market Developments, Industry, key Driven Factors, Segmentation And Forecast To 2023

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The Business Research Company’s latest report Oncology Molecular Diagnostics Global Market Report 2020 covers Oncology Molecular Diagnostics market drivers, Oncology Molecular Diagnostics market trends, Oncology Molecular Diagnostics market segments, Oncology Molecular Diagnostics market growth rate, Oncology Molecular Diagnostics market major players, and Oncology Molecular Diagnostics market size. The report provides in-depth analysis of the impact of COVID-19 on the Oncology Molecular Diagnostics industry, along with revised market numbers due to the effects of the coronavirus.

Oncology Molecular Diagnostics Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global oncology molecular diagnostics market is expected to decline from $5.58 billion in 2019 to $5.25 billion in 2020 at a compound annual growth rate (CAGR) of -5.81%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $7.41 billion in 2023 at a CAGR of 12.13%.

The report covers the Oncology Molecular Diagnostics market’s segments-
1) By Product: Instruments, Reagents, Others
2) By Technology: Polymerase Chain Reaction (PCR), In-situ Hybridization (ISH), Isothermic Nucleic Acid Amplification Technology (INNAT), Chips & Microarrays, Sequencing, Mass Spectroscopy, Transcription Mediated Amplification (TMA), Others
3) By End User: Hospitals, Diagnostic Centers, Academic & Research Institutes, Others.

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