Global Molecular Diagnostics Market Report 2020: Market to reach USD 16.49 Billion by 2027
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.
Investigative report titled “Global Molecular Diagnostics Market ” has been added by Emergen Research to its ever-expanding repository. The report provides a sophisticated analysis of the insightful data of the Molecular Diagnostics Market industry that has been formulated based on thorough primary and secondary research. The details have further been validated and verified by the industry experts. The precise data offered by the report offers fruitful information about sales strategies to improve market performance.
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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.
The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Key players in the market 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, among others.
Some 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 strives to offer authentic information about the Molecular Diagnostics Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Segmented the global Molecular Diagnostics Market :
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
- DNA Microarrays
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Other technologies
Application Outlook (Revenue, USD Billion; 2017-2027)
- Infectious Diseases
- Genetic Testing
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Central Laboratories
As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2027, and global sales and production forecasts and estimates for Bioelectric Medicine by 2027. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.
Key questions answered in the report:
- What are the new pricing and consumption models in the marketplace and how should we align our portfolio?
- What are the key decision drivers for services buyers?
- How can we accelerate our bidding process?
- What is the potential of the Molecular Diagnostics Market?
- What is the impact of COVID-19 on the global Molecular Diagnostics Market?
- What are the top strategies that companies adopting in Molecular Diagnostics Market?
- What are the challenges faced by SME’s and prominent vendors in Molecular Diagnostics Market?
- Which region has the highest investments in Market?
- What are the latest research and activities in Market?
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