Molecular Diagnostics Market Research Report: Information By Product (Reagents & Kits, Instruments and Services & Software), By Technique (Polymerase Chain Reaction (PCR), Isothermal Amplification, Hybridization, Sequencing, Microarray and others), By Application (Infectious Diseases, Oncology, Genetic Tests and others), By End User (Hospitals & Clinics, Diagnostic Laboratories and others) – Global Forecast till 2025
Molecular Diagnostics Market Overview
The molecular diagnostics market is anticipated to grow by US$16.32 Billion by 2025 rapidly growing at a CAGR of 8.57% during the forecast period. The global molecular diagnostics market is driven by advanced technology in the research and development area. These factors have helped shape the molecular diagnostics market and are expected to boost the growth. Companies in the molecular diagnostics market could also face challenges such as stringency of molecular diagnostics regulations. The details covered in the molecular diagnostics market report cover all the aspects of the industry. Molecular diagnostics market analysts have also shared growth projections in the report and have suggested molecular diagnostics market players to plan growth strategies accordingly.
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Molecular Diagnostics Market Segmentation
The global molecular diagnostics market has been segmented based on technique, product, application, and end-users. On the basis of product, the market for molecular diagnostics is segmented based on instruments and services & software, reagents & kits. Additionally, the market on the basis of application, is segmented into genetic tests, oncology, infectious diseases, and others. The global market for molecular diagnostics is also covered based on technique segment which is further split into hybridization, isothermal amplification, microarray, sequencing, polymerase chain reaction (PCR), and others. On the basis of end users, the market for molecular diagnostics is segmented based on diagnostic laboratories, hospitals & clinics, and others.
Factors like growing R&D investments and rising demand for molecular testing support the molecular diagnostics market growth. The performance of the molecular diagnostics market has also been studied for the past and current years. Additionally, the molecular diagnostics market report provides analysis of these segments. The molecular diagnostics market segmental analysis provided in the report offers major details about the molecular diagnostics market performance and future.
Molecular Diagnostics Market Regional Overview
Companies in the molecular diagnostics market are spread across the world. The molecular diagnostics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American molecular diagnostics market has many companies across the United States, Canada, and Mexico. Europe has companies in the molecular diagnostics market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the molecular diagnostics market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The molecular diagnostics market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the molecular diagnostics market can be found in the market research report.
Molecular Diagnostics Market Competitive Landscape
The molecular diagnostics market is supported by increasing prevalence of infectious diseases and cost-effectiveness. The population growth around the world and increasing demand of molecular diagnostics market based services and products also support the market growth. However, the molecular diagnostics market growth can be affected due to a weak framework for approvals. The report covers all such details which will help companies in the molecular diagnostics market to strengthen their business plan and improve their product portfolio. The molecular diagnostics market research report also provides company profiles of major companies. The company profiles of many organizations operating in the molecular diagnostics market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the molecular diagnostics market. New companies and established businesses can plan their strategies based on this data provided in the molecular diagnostics market research report.
Molecular Diagnostics Industry News
Marlborough, Massachusetts-based Hologic reported that it will buy Biotheranostics, a specialty pharmaceutical group, for approximately $230 million. Biotheranostics, located in San Diego, produces and delivers diagnosis, prognostic, and predictive tests that assist doctors in the care of patients with cancer. Via a CLIA-certified, CAP-accredited facility that is specifically approved or otherwise allowed to conduct testing in all US states, the company provides research services, Hologic said.
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