Molecular Diagnostics Market Set for Strong Expansion Amid Growing Demand for Early Disease Detection

The global Molecular Diagnostics Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2024-2032. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the molecular diagnostics market include Abbott Laboratories, Agilent Technologies/Dako, Becton, Dickinson and Company, Cepheid Inc., Genomic Health Inc., Hologic Corporation, Illumina Inc., Myriad Genetics, Qiagen, Roche Diagnostics. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The rising prevalence of infectious diseases such as tuberculosis, hepatitis and various types of cancer are the major factors boosting the market growth of molecular diagnostics. Moreover, rising government initiatives in order to standardize biopharmaceutical and health sector are also expected to expand the market growth over the forecast period. However, the high cost of diagnosis and lack of experienced professionals are some factors restraining market growth.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis, and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of molecular diagnostics.

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Market Segmentation

The broad molecular diagnostics market has been sub-grouped into technology, application, product, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Product

• Instruments
• Reagents
• Others

By Technology

• Polymerase chain reaction (PCR)
• In Situ Hybridization (ISH)
• Isothermal Nucleic Acid Amplification Technology (INAAT)
• Chips and Microarrays
• Mass Spectrometry
• Sequencing
• Transcription Mediated Amplification (TMA)
• Others

By Application

• Oncology (Breast Cancer, Prostate Cancer, Colorectal Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Blood Cancer, Lung Cancer, Other Cancer)
• Pharmacogenomics
• Infectious Diseases (Methicillin-resistant Staphylococcus Aureus (MRSA), Clostridium Difficile, Vancomycin-resistant Enterococci (VRE), Carbapenem-resistant Bacteria, Flu, Respiratory Syncytial Virus (RSV), Candida, Tuberculosis and Drug-resistant TBA, Meningitis, Gastrointestinal Panel Testing, Chlamydia, Gonorrhea, HIV, Hepatitis C, Hepatitis B, Other Infectious Diseases)
• Genetic Testing (Newborn Screening, Predictive and Presymptomatic Testing, Other Genetic Testing)
• Neurological Disease
• Cardiovascular Disease
• Microbiology
• Others

By Test Location

• Point of Care
• Self-test or OTC
• Central Laboratories

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for molecular diagnostics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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