The global molecular diagnostics market is projected to grow with rising technological developments in molecular diagnostic techniques. These advancements are intended to offer higher accuracy, cost-effectiveness, and portability which further drives the market. This information was published by Fortune Business Insights in a report, titled “Molecular Diagnostics Market Size, Share and Global Trend by Product Type (Instruments Reagents & Consumables), Application (Infectious Disease, Blood Screening, Histology & Oncology), Technique (Hospitals Amplification, Hybridization & Sequencing Techniques), End User (Hospitals, Clinical & Pathology Labs) and Geography Forecast till 2025” offering insights on factors influencing growth.
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The global market covered a value of US$ 8012.7 Mn in the year 2017 and is projected to reach US$ 13873.6 Mn by 2025. As per the report, the global market is expected to garner a healthy CAGR of 7.1% throughout the forecast period.
Leading Players operating in the Molecular Diagnostics Market are:
- bioMérieux SA.
- BD
- Danaher
- Grifols, S.A.
- Hologic Inc.
- Novartis AG
- QIAGEN
- Siemens Healthcare GmbH
- F. Hoffmann-La Roche Ltd.
Abbott Launched a Next Generation System Used for Molecular Diagnosis
The global molecular diagnostics market is expected to be dominated by companies such as Danaher, Abbott, QIAGEN, and F. Hoffmann-La Roche Ltd. Strong supply chain network, rising research and development (R&D) activities, and development strategies are likely to create growth opportunities for the above companies. In 2016, Abbott announced the introduction of a next-generation system called Alinity.
This system is used for plasma and blood screening, haematology procedures, molecular diagnostics, and clinical chemistry. Companies are focussing on to develop new molecular diagnostic tests, which may foster growth of the market. In 2018, Banyan Biomakers received marketing authorization from the U.S. FDA on its first blood diagnostic test. This test was developed to treat traumatic brain injuries which is also referred to as concussion among adults. These developments are likely to have a positive impact on the overall market.
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Molecular Diagnostics Market Segmentation:
By Application
- Infectious Disease
- Blood Screening
- Histology
- Oncology
By Technique
- Hospitals Amplification Techniques
- Hybridization Techniques
- Sequencing Techniques
By End User
- Hospitals
- Clinical & Pathology Labs
- Others
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Porter’s five forces analysis
- Top 3 players working in market space
- Key developments (Merger, Acquisitions, etc.)
- Technological Advancements
- Global Molecular Diagnostics Market Analysis, Insights and Forecast, 2014-2025
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Instruments
- Reagents & Consumables
- Market Analysis, Insights and Forecast – By Application
- Infectious Disease
- Blood Screening
- Histology
- Oncology
- Others
- Market Analysis, Insights and Forecast – By Technique
- Amplification Techniques
- Hybridization Techniques
- Sequencing Techniques
- Others
- Market Analysis, Insights and Forecast – By End User
- Clinical & Pathology Labs
- Hospitals
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
- North America Molecular Diagnostics Market Analysis, Insights and Forecast, 2014-2025
- Key Findings / Summary
- Market Analysis – By Product Type
- Instruments
- Reagents & Consumables
- Market Analysis – By Application
- Infectious Disease
- Blood Screening
- Histology
- Oncology
- Others
- Market Analysis – By Technique
- Amplification Techniques
- Hybridization Techniques
- Sequencing Techniques
- Others
- Market Analysis – By End User
- Clinical & Pathology Labs
- Hospitals
- Others
- Market Analysis – By Country
- S.
- Canada
- Europe Molecular Diagnostics Market Analysis, Insights and Forecast, 2014-2025
- Key Findings / Summary
- Market Analysis – By Product Type
- Instruments
- Reagents & Consumables
- Market Analysis – By Application
- Infectious Disease
- Blood Screening
- Histology
- Oncology
- Others
- Market Analysis – By Technique
- Amplification Techniques
- Hybridization Techniques
- Sequencing Techniques
- Others
- Market Analysis – By End User
- Clinical & Pathology Labs
- Hospitals
- Others
- Market Analysis – By Country/ Sub-region
- K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
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