Molecular Diagnostics Market Industry Analysis and Opportunity and Forecast To 2029

     

Description

Data Bridge Market Research analyses that the molecular diagnostics market, which was USD 20.1 billion in 2022, would rise to USD 54.76 billion by 2030 and is expected to undergo a CAGR of 13.3% during the forecast period from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The growing incidence of infectious diseases and cancer globally has increased the adoption of molecular diagnostics. The major market players are now primarily focused on technological advances in molecular diagnostics. Also, it has been witnessed during COVID-19 that the diagnostics industry faced much growth, with a race to develop novel and rapid diagnostics kits for the detection of coronavirus. In 2021, a 59% rise in revenue was reported by Thermo Fisher Scientific due to the diagnostics division that delivered 150% growth.

 

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Market Analysis and Insights: Global Molecular Diagnostics Market

 

Molecular diagnosis can detect the diseases such as hereditary diseases, infectious diseases, neurological diseases, cardiovascular diseases, and others by examining molecules such as DNA, RNA, and protein in a tissue or a fluid. Numerous methods, such as mass spectrometry, PCR, next-generation sequencing, in situ hybridization, molecular imaging, and others, are used to diagnose several diseases. Molecular diagnostics uses strong technologies such as DNA sequence analysis, gene expression profiling, and biomarker identification to identify disorders correctly.

The increasing geriatric population worldwide is surging the risk of getting several diseases, such as cardiovascular diseases, cancer, obesity, neurological disorders, and diabetes. As per the UN report, in 2020, there were around 727 million people aged 65 years and above worldwide. In addition to this, the number of individuals aged 80 years and above is anticipated to double by 2050. The geriatric population is more likely to suffer from multiple diseases due to multimorbidity, decreased immune function, and aging-related physiological changes. Thus, this factor boosts market growth.

 

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Molecular Diagnostics 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

 Technology

  • 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
  • Others

Application

  • Oncology
  • Breast Cancer
  • Colorectal Cancer
  • Lung Cancer
  • Prostate Cancer
  •  Other Cancers
  • Pharmacogenomics
  • Microbiology
  • Prenatal Tests
  • Tissue Typing
  • Blood Screening
  • Cardiovascular Diseases
  • Neurological Diseases
  • Infectious Diseases
  • COVID-19
  • Hepatitis
  • HIV
  • CT/NG
  • HAI
  • HPV
  • Tuberculosis
  • Influenza
  • Others
  • Others

End User

  • Hospital
  • Clinical Laboratories
  • Academics

 

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Major TOC of the Molecular Diagnostics Market Report

Chapter One:

MARKET SEGEMENTATION

EXECUTIVE SUMMARY  

PREMIUM INSIGHTS

MARKET OVERVIEW

 

Molecular Diagnostics Market Scope Country Level Analysis

The molecular diagnostics market is analyzed and market size insights and trends are provided by products, technology, application and end user as referenced above.

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.

 

Competitive Landscape and Molecular Diagnostics 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.

 

The major players covered in Molecular Diagnostics market report are

  • F. 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. (U.S.)
  • Illumina Inc. (U.S.)
  • Agilent Technologies Inc. (U.S.)
  • BD (U.S), DiaSorin S.p.A (Italy)
  • Grifols S.A. (Spain)
  • Quidel Corporation(U.S.)
  • Genetic Signatures (Australia)
  • MDxHealth, Inc. (U.S.)
  •  Exact Sciences Corporation (U.S.)
  • Biocartis (Belgium)
  • TBG Diagnostics Limited (Australia)
  • GenMark Diagnostics Inc. (U.S.)
  • Luminex Corporation (U.S.)
  • HTG Molecular Diagnostics Inc. (U.S.)
  • Vela Diagnostics (Singapore)
  • Amoy Diagnostics Co., Ltd. (China)
  • Molbio Diagnostics Pvt. Ltd. (India)
  •  geneOmbio (India)

 

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