The global molecular diagnostics market size was USD 19.86 Billion in 2021 and is expected to register a revenue CAGR of 12.4% during the forecast period, according to the latest analysis by Emergen Research. Rise in prevalence of infectious diseases and increased use of point-of-care diagnostic tests are some of the key factors driving market revenue growth. Point-of-Care (PoC) diagnostic testing technologies offer various benefits over traditional diagnostic procedures including better prices, improved efficiency, and potential to provide quick data for decision-making. In addition, increasing use of Point-of-Care (POC) diagnostics testing equipment is being driven by need to make healthcare more patient-centered by organizing medical services around the patient rather than practitioner. Several patients find testing inconvenient as testing process is usually separate from consultation.
The Molecular Diagnostics Market Market report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.
Furthermore, the Global Molecular Diagnostics Market Market Research Report provides detailed insights into regional market trends, highlighting key growth areas and potential challenges across various regions. The report examines market performance across North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa, allowing businesses to identify regional opportunities and tailor their strategies accordingly. By understanding the nuances of each market, companies can make informed decisions on where to allocate resources and prioritize growth initiatives.
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The report offers a complete analysis of the global Molecular Diagnostics Market market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position.
Key companies profiled in the report include:
Becton, Dickinson and Company, Abbott Laboratories, Agilent Technologies, Danaher Corporation, bioMérieux SA, Hologic, Inc., Illumina, Inc., Roche Diagnostics, Siemens Healthcare Private Limited, and Diasorin.
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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Key Objectives of the Report:
- Analysis and estimation of the Molecular Diagnostics Market market size and share for the projected period of 2024-2032
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Molecular Diagnostics Market market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Segments Covered in this report are:
Product Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Reagents
- Instruments
- Others
Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- DNA Sequencing and NGS
- Polymerase Chain Reaction (PCR)
- In Situ Hybridization
- DNA Microarrays
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Other technologies
Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Oncology
- Infectious Diseases
- Genetic Testing
- Others
Regional Analysis:
The global Molecular Diagnostics Market market growth is influenced by distinct regional factors. North America and Europe dominate, thanks to cutting-edge technology and well-established regulatory systems, but face hurdles like supply chain disruptions and compliance complexities. Asia-Pacific, led by China and India, is witnessing robust growth due to urban development and surging consumer demand. In contrast, Latin America, the Middle East, and Africa, while showing promising growth potential due to economic changes and investment inflows, struggle with political uncertainty and infrastructure deficiencies, impacting long-term growth prospects.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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