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 report provides a comprehensive analysis of the current and future market scenario for the Molecular Diagnostics Market. It provides insights and updates on the key sectors, including demand across the world, product manufacturing, income generation, and sales and revenue. The report also provides two scenarios for a complete analysis of the market, including Molecular Diagnostics sales in the forecast period. The first scenario is based on the assumption that the Molecular Diagnostics market will continue to grow at its current rate. The second scenario is based on the assumption that the market will experience some disruption, such as a change in regulations or a new product entering the Molecular Diagnostics industry. The report also includes a detailed analysis of the competitive landscape, including the key players, their strategies, and their strengths and weaknesses. This analysis will help businesses to identify opportunities and threats in the market and to develop strategies to succeed.
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Molecular Diagnostics Market Report Scope and Research Methodology
The Molecular Diagnostics market report provides a comprehensive analysis of the market, including recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths and regional growth.
The report also includes a PESTLE analysis, which identifies the micro and macro-level factors that are influencing the market. A SWOT analysis is also included, which identifies the strengths and weaknesses of the market. The report also focuses on the global key players in the market, including market leaders, followers, and new entrants.
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.
Tuberculosis affects individuals of various ages and origins. In 2020, the top 30 tuberculosis-affected nations accounted for 86.5% of new cases. With two-thirds of the total, India leads the pack, followed by China, Indonesia, the Philippines, Pakistan, Nigeria, Bangladesh, and South Africa. As a result of the growing frequency and patient pool, the demand for molecular diagnostics rose with time.
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Molecular Diagnostics Market Regional Insights
The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil, Middle East and Africa.
Molecular Diagnostics Market Segmentation
by Product & Service
1. Reagents & Kits
2. Instruments
3. Services & Software
by Test Type
1. Lab Tests
2. PoC Tests
by Technology
1. 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
by Application
1. Infectious Diseases Diagnostics
1.1 COVID-19
1.2 Hepatitis
1.3 HIV
1.4 CT/NG
1.5 HAI
1.6 HPV
1.7 Tuberculosis
1.8 Influenza
1.9 Other Infectious Diseases
2. Oncology Testing
2.1 Breast Cancer
2.2 Colorectal Cancer
2.3 Lung Cancer
2.4 Prostate Cancer
2.5 Other Cancers
3. Genetic Testing
4. Other Test Types
by End User
1. Diagnostic Laboratories
2. Hospitals & Clinics
3. Other
Molecular Diagnostics Market Key Players
1. 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)
Key questions answered in the Molecular Diagnostics Market are:
- What is the expected Molecular Diagnostics market size by the end of the 2029?
- What is the expected CAGR of the Molecular Diagnostics market during the forecast period?
- What are the emerging trends in the Molecular Diagnostics Market?
- What are the factors contributing to the final price of Molecular Diagnostics ?
- What are the major challenges that the Molecular Diagnostics Market could face in the future?
- Who held the largest market share in the Molecular Diagnostics Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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