Molecular Diagnostics Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the global molecular diagnostics market was valued at USD 9,371 million in 2020, and it is expected to reach 15,196 million by 2026, registering a CAGR of 10.2% during the forecast period.
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Key Players of Molecular Diagnostics Market
· Abbott Laboratories
· F Hoffmann-la Roche Ltd
· Hologic Corporation
· Danaher Corporation
· Agilent Technology and More
As per the scope of the report, molecular diagnostic tests detect specific sequences in DNA or RNA (including single nucleotide polymorphisms (SNP), deletions, rearrangements, insertions, and others), which may or may not be associated with diseases. Molecular diagnostics has been revolutionized over the past few decades.
Recent Developments
January 2020, Illumina received product approval from Pharmaceuticals and Medical Devices Agency (PMDA), Japan for MiSeqDx instrument. This approval allows for the distribution of the MiSeqDx as a Class I medical device in Japan, which shows a positive impact on the market.
July 2020, Roche Diagnostics India launched the Cobas 8800 instrument at the National Institute of Cholera and Enteric Diseases, Kolkata, and Cobas 6800 at the National Institute for Research in Reproductive Health, Mumbai, to aid with SARS CoV-2 diagnostic testing. Roche’s Cobas 6800/8800 systems provide test results in three and half hours and offer improved operating efficiency, flexibility, and fastest time-to-time results.
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Regional Analysis
In 2020, North America accounted for the largest share of the global molecular diagnostics market. The North American molecular diagnostics market's growth can be attributed to the highly developed healthcare system in the US and Canada, the presence of many leading national clinical laboratories, and the easy accessibility to technologically advanced instruments.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
Molecular Diagnostics Market is segmented into technology, application, product, end user and region.
On the basis of Technology
· In situ hybridization
· Chips and microarrays
· Mass spectrometry (MS)
· Sequencing
· PCR
On the basis of Application
· Infectious disease
· Oncology
· Pharmacogenomics
· Genetic disease screening
· Human leukocyte antigen typing
· Blood screening
On the basis of Product
· Instruments
· Reagents
On the basis of End-User
· Hospitals
· Laboratories
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In addition to the market data for Molecular Diagnostics Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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