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Research focused on the molecular diagnostics has emerged as one of the largest and fastest growing segment in the IVD industry

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Molecular Diagnostics Market | Global Industry Analysis and Future Forecast (2018 - 2025)

It is the most dynamic and transformative areas of diagnostics, leading to advances in research and treatment that are revolutionizing healthcare across a wide range of diseases and health conditions and has been driven by accuracy, high sensitivity, fast turnaround time, easy workflow, and cost–effective testing.The global molecular diagnostics market Make an Inquiry about this news is projected to reach more than US$ 30 Billion by 2021, at a CAGR of XX% from 2016 to 2021.The global market is mainly driven by chronic infections, growing geriatric population, increasing demand for personalized medicines, and R&D activities for biomarker identification equipped with emergence of new technology and applications. In addition, innovations in molecular diagnostics for treating cancer, government support for research and development, and high patient awareness levels are driving the growth of molecular diagnostic market 

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North America dominates the global market of molecular diagnostics due to increasing incidence of infectious diseases and lifestyle associated diseases. North America controls more than 40% of the market share by the year 2021.

Japan, China and India is expected to show high growth rates in the next six years in molecular diagnostics market.