Allied Market Research has just completed and published a study report with the title Molecular Diagnostics Market Size was Valued at USD 9.2 billion in 2020 and is Projected to Garner USD 23.9 billion by 2030 registering a CAGR of 9.86% from 2021 to 2030.
The major factor that impacts the growth of the molecular diagnostics market includes rise in prevalence of infectious diseases, genetic disorders and applications of molecular diagnostics techniques in determination of disease and treatment markers. In addition, technological advancements in the healthcare sector, increase in funds from private and government organizations for development of various diagnostic service centers, and rise in awareness about early diagnosis further fuel growth of the market. Furthermore, rise in preference toward personalized medicines also boosts the growth of the market.
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Top Molecular Diagnostics Companies: –
- Abbott Laboratories
- Becton
- F. Hoffmann-La Roche AG
- Qiagen N.V.
- Hologic Corporation
- Grifols
- Danaher Corporation, S.A.
- Agilent Inc.
- Dickinson and Company
- BioMérieux SA
- Siemens Healthcare GmbH
Molecular Diagnostics Market Segmentation: –
By Technology
- Polymerase Chain Reaction (PCR)
- Hybridization
- DNA sequencing
- Microarray
- Isothermal Nucleic Acid Amplification Technology (INAAT)
By Application
- Infectious diseases
- Oncology
- Genetic testing
- Blood screening
- Others
By Type
- Instruments
- Reagents
- Software & Services
By End User
- Hospital
- Reference Labortories
- Others
Based on region, North America, held the major share in 2020, generating more than two-fifths of the global molecular diagnostics market, due to the presence of large number of key players across the region. At the same time, the market across Asia-Pacific would grow at the fastest CAGR of 10.78% by 2030, owing to higher adoption & increased use of molecular diagnostics, rapidly growing geriatric population, and rise in the incidence of infectious diseases across the province.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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