Molecular Diagnostics Market 2021 by Key Players, Segmentation, Industry Growth, Opportunities and Forecast by 2030| Says Kenneth Research

On the basis of region, the Molecular Diagnostics Market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in North America is projected to hold the largest market share during the forecast period on account of the presence of a strong healthcare network in the nations such as the United States and Canada. Moreover, Presence of several key players in the region who are operating in the Molecular Diagnostics Market are also anticipated to drive the growth of the market in North America.

The global Molecular Diagnostics Market was valued at USD 6.12 billion in 2016 and is projected to reach USD 12.93 billion by 2025, growing at a CAGR of 8.67% from 2017 to 2025.

Molecular diagnostics is a combination of techniques used to analyze biological markers in the genome and proteome, genetic code and cells expression in terms of gene as proteins—by applying molecular biology to medical testing.

Final Report will add the analysis of the impact of COVID-19 on this industry.

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Market Dynamics:
1. Market Drivers
1.1 Increasing oncology studies and cancer patients
1.2 Growing demand of personalized medicines
1.3 Growing Market of molecular biology and biomarker techniques in healthcare
1.4 Assured reimbursements

2. Market Restraints
2.1 Stringent regulations

Market Segmentation:
1. Global Molecular Diagnostics Market, by Technology:
1.1 Polymerase Chain Reaction (PCR)
1.2 Isothermal Nucleic Acid Amplification Technology (INAAT)
1.3 Hybridization (In-Situ Hybridization & Fish)
1.4 DNA Sequencing and Next-Generation Sequencing
1.5 Microarray
1.6 Other Technologies

2. Global Molecular Diagnostics Market, by Application:
2.1 Infectious Diseases
2.1.1 Chlamydia Trachomatis and Neisseria Gonorrhoeae (CT/NG)
2.1.2 Hepatitis B
2.1.3 Human Papillomavirus (HPV)
2.1.4 Human Immunodeficiency Virus (HIV)
2.1.5 Tuberculosis (TB)
2.1.6 Hepatitis C
2.1.7 Methicillin-Resistant Staphylococcus Aureus (MRSA)
2.1.8 Other Infectious Diseases
2.2 Oncology
2.2.1 Breast Cancer
2.2.2 Colorectal Cancer
2.2.3 Prostate Cancer
2.2.4 Other Cancers
2.3 Blood Screening
2.4 Genetic Tests
2.5 Microbiology
2.6 Other Applications

3. Global Molecular Diagnostics Market, by End User:
3.1 Hospital and Academic Laboratories
3.2 Reference Laboratories
3.3 Other End Users

4. Global Molecular Diagnostics Market, by Products and Services:
4.1 Reagents & Kits
4.2 Instruments
4.3 Software & Services

5. Global Molecular Diagnostics Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Abbott Laboratories
2. Qiagen N.V.
3. Roche Diagnostics
4. Hologic, Inc.
5. Grifols
6. Siemens Healthcare
7. Becton, Dickinson and Company
8. Beckman Coulter Inc. (A Wholly Owned Subsidiary of Danaher Corporation)
9. Biomérieux Sa
10. Cepheid Inc.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the Molecular Diagnostics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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