Molecular Diagnostics Market Business Scenario, Regional Trend, Top Manufacturers, Industry Analysis Size Report 2027
The latest report published by Emergen Research Reports shows that the Molecular Diagnostics Market is expected to grow strongly in the coming years. Analysts have studied market drivers, restraints, risks, and opportunities in the global market. The Molecular Diagnostics Market report shows the probable direction of the market in the coming years along with its estimates. A precise study aims to understand the market price. By analyzing the competitive landscape, the authors of the report have made excellent efforts to help the readers understand the key business tactics that large corporations employ to maintain market stability.
The global Molecular Diagnostics Market is expected to reach USD 16.49 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing number of cases related to infectious disease such as HIV, influenza, tuberculosis, and hepatitis and growing technological advancements of the molecular diagnostics. Increasing Investments in the research and development by the government and various organizations for the technological advancement of the diagnostics is augmenting the demand for the industry.
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The pandemic has disrupted the supply chain and raw material supplies. The increasing need for screening a large number of patients for COVID-19 has caused an immense demand for the diagnostic kits. The manufacturers are facing a severe shortage in the supply of diagnostic kits. As there are chances of producing faulty test kits, manufacturers are under immense pressure to produce accurate and reliable testing kits.
Key Highlights From The Report :
The reagents segment dominated the market with a share of 57.1% in 2019, owing to its easy availability and cost-effectiveness.
The DNA Sequencing and NGS segment are expected to register the highest CAGR owing to its increasing application in genomics research.
Oncology is expected to register the highest CAGR over the forecast period due to the increasing number of cancer cases worldwide.
North America has the highest adoption rate in the market due to the increasing investments by the key manufacturers to produce technologically advanced molecular diagnostics.
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The report includes comprehensive company profiles of some of the biggest and most popular names in the Molecular Diagnostics Market . Each player analyzed by the authors of the Organs-on-chips report is thoroughly studied on the basis of served markets, gross margin, production rate, product portfolio, market share, applications, and other factors. The competitive landscape of the Molecular Diagnostics Market is comprehensively analyzed with a focus on the nature of the competition in the market and future changes related to the competition in the market.
Key participants include DuPont, Becton, Dickinson and Company, Abbott Laboratories, Agilent Technologies, Danaher Corporation, bioMérieux SA, Hologic, Inc., Illumina, Inc., Roche Diagnostics, Siemens Healthcare Private Limited, and Diasorin, among others.
The global Molecular Diagnostics Market size will grow at a compound annual growth rate over the period (2018-2027). The report is about what else researchers found from the detailed information, and also provides data regarding the current market condition. The report covers types and applications according to countries and key regions The companies most active in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Segments covered in the report:
Emergen Research has segmented the global Molecular Diagnostics Market on the basis of Product, Technology, Application, End-User, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
DNA Sequencing and NGS
Polymerase Chain Reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions answered in the report :
Which are the five top players of the Molecular Diagnostics Market ?
How will the Molecular Diagnostics Market change in the next five years?
Which product and application will take a lion’s share of the Molecular Diagnostics Market ?
What are the drivers and restraints of the Molecular Diagnostics Market ?
Which regional market will show the highest growth?
What will be the CAGR and size of the Molecular Diagnostics Market throughout the forecast period?
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