Molecular Diagnostics Market | Trends | Forecast 2018 – 2024 | PBIGP

Molecular Diagnostics Market | Trends | Forecast 2018 – 2024 | PBIGP

Global Molecular Diagnostics Market is projected to reach around US$ XX Bn by 2024, Due to Increased Prevalance of Infectious Diseases and Acceptance of Personalized Medicines
Analyst Speak:

“The Global Molecular Diagnostics Market is anticipated to reach about US$ XX Bn by 2024, and anticipated to expand at a CAGR X over six years of forecast period 2019-2024 owing to increasing prevalence of infectious diseases and various types of cancer.

Precision Business Insights (PBI) in its report titled “Global Molecular Diagnostic Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2024” assesses the market performance over six years forecast period from 2019 to 2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global molecular diagnostic market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2023. Increased prevalence of infectious diseases and various types of cancer, increase in the awareness and acceptance of personalized medicines, advancements in molecular technique will boost the growth of molecular diagnostic market. .However, due to high cost associated with the use of this technique can limit its growth in the market.

Global molecular diagnostic market segmented on the basis of application, technology and country

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Infectious disease segment expected to dominate the market

Based on Application Type, the molecular diagnostic market is segmented as infectious disease, blood screening, genetic testing, and oncology testing. Infectious disease segment has been witnessed to account for major revenue share over the forecast period. Rising prevalence of infectious disease like tuberculosis, hepatitis coupled with awareness regarding the benefits associated with early diagnostics will drive the segment growth.

PCR segment expected to account the largest share in global market

Based on Technology, the molecular diagnostic market is segmented into PCR, INAAT, DNA Sequencing, in situ hybridization, DNA Microarray and other technologies. Among the technology segment, PCR segment plays prominent role in the market due to the growing use of PCR in proteomics and genomics.
North America accounts for major revenue share for molecular diagnostics market

Precision Business Insights (PBI) molecular diagnostics market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to the presence of highly developed healthcare system and large number of leading national clinical labs. Europe is expected to show the significant growth rate over the forecasted period.

Strategic collaborations play vital role in molecular diagnostics market

These players focuses of strategies such as acquisition, merger, partnership, collaborations to sustain their position in the market.
Key player’s profiles in the report are Roche, Hologic, QIAGEN, Abbott, and Danaher among others

Detailed Segmentation

By Application Type

o Infectious Diseases
o Blood Screening
o Oncology Testing
o Genetic Testing
o Others
By Technology Type

o PCR
o In situ hybridization
o Chips and Microarrays
o Mass Spectrometry
o Sequencing
o Isothermal Amplification
By End-User Type

o Hospitals
o Academic Laboratories
o Reference Laboratories
o Other Industries
Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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