New York, USA, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Molecular Diagnostics Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Molecular Diagnostics Market Information, By Product, Technique, Application, End User - Forecast till 2030”, the market size is projected to reach USD 29.3 billion by 2030 at 5.7% CAGR during the forecast period 2022-2030.
Market Scope:
Research into the genomes of living organisms, such as humans, viruses, and bacteria, is known as molecular diagnostics (MDx), a rapidly expanding field of laboratory medicine. There is a growing and crucial role for molecular diagnostic techniques and platforms in all of clinical and anatomic pathology. The menu of tests available in the clinical laboratory that rely on DNA and RNA analysis has exploded in the last decade or two. Molecular pathology and diagnostics are revolutionizing the diagnostic laboratory by providing a new level of detail to medical professionals such as doctors, pharmacists, geneticists, forensic scientists, researchers, and others. DNA sequencing remains the best method for the detection and monitoring of infectious diseases, despite the development and explosion of many variant detection assays. Next-generation sequencing (NGS) advancements are especially relevant in this regard.
Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/1171
Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 29.3 Billion |
| CAGR | 5.7% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, Technique, Application and End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Technological Advancements In Molecular Diagnostics |
| The growing prevalence of infectious disorders |
Molecular Diagnostics Market Competitive Outlook:
Companies in the molecular diagnostics field hope to expand internationally by securing regulatory approval, forming strategic collaborations, and acquiring established competitors in other countries and regions.
- Hoffmann-La Roche Ltd
- Hologic, Inc.
- QIAGEN
- Becton, Dickinson and Company
- Abbott Laboratories
- Cepheid
- Siemens
- Thermo Fisher Scientific
- Agilent Technologies
Market Dynamics:
Market Drivers
Developments in molecular testing methods and the rising incidence of infectious diseases and cancers are fueling the molecular diagnostics market. Molecular diagnostics play an important role in the diagnosis of infectious diseases because of the speed and accuracy they provide. The rising anticipated frequency of hospital-acquired infections and infectious disorders is expected to boost the demand for molecular diagnostics over the forecast period. As a result of progress in molecular diagnostics, many diseases can now be detected, and this is especially true when a differential diagnosis is proving challenging. Cost-effectiveness, accuracy, and portability are all made possible by recent technical developments in molecular diagnostics, which are anticipated to considerably fuel market expansion.
Research and development in molecular diagnostics is anticipated to get more support from governments and numerous organizations due to rising demand for such tests. Rapid expansion of the molecular diagnostics market is anticipated in this area due to rising levels of government support for the life sciences sector and the availability of money for research and development.
Market Restraints
The regulatory framework for approvals has long been a major limiting factor in the development of new pharmaceutical, biotech, and medical technology products. Diagnostic kits that aren't up to par may give false positives or negatives. Consequently, the expansion of the molecular diagnostics market is constrained by the stringency of regulations related with the approval process for such tests.
Browse In-depth Market Research Report (130 Pages) on Molecular Diagnostics: https://www.marketresearchfuture.com/reports/molecular-diagnostics-market-1171
COVID-19 Analysis:
The global spread of COVID-19 has greatly increased the number of confirmed cases and the locations in which laboratory research must be conducted and strengthened. As a direct result of molecular testing, there is currently a global shortage of molecular research reagents for COVID-19. In addition to shortages, certain regions, especially those with lower and moderate incomes, have inadequate capacity for absorption. It appears that testing is essential in tracking the rapid spread of the virus. As the number of reported incidents increases, authorities all around the world are looking into whether or not private laboratories can increase their research output. Rapid diagnosis of COVID-19 should be possible because to the widespread availability of diagnostics. As a part of the strategic plan for readiness and response, the World Health Organization (WHO) has developed recommendations for research techniques.
Buy Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1171
Molecular Diagnostics Market Segmentation:
The molecular diagnostics reagents segment is significantly larger than the rest of the industry. High reagent consumption in molecular diagnostic testing, rising demand for over-the-counter diagnostic tests, and rising acceptance of these tests in non-medical facilities, such as home self-testing, are some of the primary growth drivers for the market.
By Technique
Because of its widespread application and rapid technological development, polymerase chain reaction (PCR) has become the industry standard in molecular diagnostics.
By Application
Due to the resurgence of infectious diseases such as novel multidrug-resistant tuberculosis, influenza, and human immunodeficiency virus strains in 2019, the infectious disease testing segment has become the most lucrative segment of the molecular diagnostics industry.
By End-User
The diagnostic laboratories subsector is expected to grow rapidly as a result of rising demand for early diagnosis of a wide range of ailments, which has resulted in increased financing for cutting-edge diagnostic laboratories.
Share your Queries @ https://www.marketresearchfuture.com/enquiry/1171
Molecular Diagnostics Market Regional Analysis:
The Americas are anticipated to be the largest regional market for molecular diagnostics worldwide over the forecast time frame. New healthcare facilities and an increase in the elderly population in the area are to blame. The market is led by North America because to the region's advanced diagnostic infrastructure, technological innovations, increased patient awareness, and availability of cutting-edge molecular diagnostics technology.
For molecular diagnostics, Europe is projected to have the second largest market throughout the anticipated time frame. Growth in the molecular diagnostics market is forecast to be aided by the availability of funds for research and development and the expanding government support for the life sciences sector in this area.
With burgeoning markets like China, India, and South Korea serving as significant destinations for outsourcing clinical trials, drug manufacture, and pathology testing, the Asia-Pacific region is predicted to grow at the quickest rate. Additionally, the healthcare system in the region has been improved thanks to the research being conducted there.
The market for molecular diagnostics in the MENA region is projected to expand steadily over the analysis period. The development of the molecular diagnostics industry will speed up in the next years as a result of rising healthcare spending aimed at improving healthcare infrastructure. Growth in the molecular diagnostics sector is forecasted to be bolstered by rising consumer interest in and availability of cutting-edge testing methods.
Discover more research Reports on Healthcare Industry, by Market Research Future:
Genetic Testing Market Size and Trends Analysis By Type (Prescribed Genetic Testing and Direct-to-Consumer Genetic Testing), Method (Molecular Genetic Tests/ DNA Tests, Chromosomal Genetic Tests and Biochemical Genetic Tests), By Application (Reproductive Health (Newborn Screening, Prenatal Screening and Carrier Screening), Cancer Screening (Hereditary Cancer, Breast Cancer, Ovarian Cancer and Colon Cancer), Ancestry, Predictive and Pre-Symptomatic Testing and others) - Forecast till 2030
Companion Diagnostics for Oncology Market: Information By Products & Services (Assays, Kits & Reagents and Software & Services), Technology (Polymerase Chain Reaction (PCR) and Next-Generation Sequencing (NGS), Indication (Lung Cancer, Breast Cancer, Colorectal Cancer, Gastric Cancer, Melanoma), End User (Pharmaceutical & Biopharmaceutical Companies, Contract Research Organizations, Laboratories) - Forecast till 2027
Cancer Diagnostics Market Size, Trends and Industry Outlook by Type (Imaging Testing, Biomarkers Testing, In Vitro Diagnostic Testing, Biopsy and others), Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma Cancer, Prostate Cancer, Liver Cancer and others), End-User (Diagnostic Centers, Hospitals and Clinics, Research Institutes and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
