The Global Molecular Diagnostics Market is attain to reach a market size of $11.2 billion by 2022, growing at a CAGR of 8.6% during the forecast period.
The Global Molecular Diagnostics Market is expected to reach a market size of $11.2 billion by 2022, increasing at a CAGR of 8.6% during the forecast period.Molecular Diagnostics is used to identify or monitor biomarkers connected to any type of specific diseases or conditions. This test also help in detecting and quantifying the presence of specific bacteria and viruses.
All these tools help to surgeons in deciding that which therapy will be able to work best on different patients. Molecular Diagnostics detect the diseases by analyzing RNA (Ribonucleic Acid) and DNA (Deoxyribonucleic Acid) in humans.
These diagnostics are mostly used for clinical testing devices that are supplied in clinics, hospitals, laboratories, also research institutes.
Global Molecular Diagnostics Market Key Factors
The Global Molecular Diagnostics Market key driving factors for molecular diagnostics market are large prevalence of infectious diseases and adoption of personalized treatments & companion diagnostics. Additionally, advanced diagnostics technologies and also boost in the number of cancer diagnostics are most of the other factors leading the industry growth.
However, high price of molecular equipment and delay in the approval of new molecular diagnostics tests could restraint growth of molecular diagnostic market.
Global Molecular Diagnostics Market Segmentation
The Global Molecular Diagnostics Market is segmented on the fundamental of Products & Facilities, Technologies, Application, End-user and also Region. According to Product & Services, the industry is segmented into devices, reagents & Kits, and software & services.
Reagents & Kits is expected to collect largest share in the industry due to rising demand of reagents in laboratory centers and diagnostics centers. On the basis of Technology, market is segmented into Polymerase Chain Reaction (PCR), Microarray, Isothermal Nucleic Acid Amplification Technology (INAAT), Hybridization, Microarray, DNA Sequencing and Next-Generation Sequencing.
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