Molecular Diagnostics Market Research Report: Information By Product (Reagents & Kits, Instruments and Services & Software), Technique (Polymerase Chain Reaction (PCR), Isothermal Amplification, Hybridization, Sequencing, Microarray and others), Application (Infectious Diseases, Oncology, Genetic Tests and others), End User (Hospitals & Clinics, Diagnostic Laboratories and others) – Forecast till 2027
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Market Segmentation
The molecular diagnostics market has been segmented into application, end user, product, and technique. Based on the segment which is application, the market is categorized on the basis of infectious diseases, oncology, genetic tests, and others. The global market for molecular diagnostics is further segmented based on end user into diagnostic laboratories, hospitals & clinics, and others. Furthermore, the market, on the basis of product is segmented into instruments, reagents & kits, and services & software. Based on the segment which is technique, the market is categorized on the basis of hybridization, isothermal amplification, microarray, polymerase chain reaction (PCR), sequencing, and others.
Regional Overview
Inaccurate results provided by faulty diagnostic kits may hinder the molecular diagnostics market growth. The market research report suggests that companies in the molecular diagnostics industry could be supported by advances in molecular diagnostics as well as molecular diagnostic technological advances during the forecast period. The molecular diagnostics is set to register growth at a high CAGR owing to these key factors. The molecular diagnostics is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global Market reveals that APAC, North America, and Europe regional molecular diagnostics will dominate the global market for molecular diagnostics during the forecast period 2016 to 2025. As per Global Market, the market is set to witness tremendous growth across PCR, infectious disease testing, and advanced diagnostic laboratories segments in North America which covers molecular diagnostics markets across the United States, Canada, Mexico and several other regional markets. Companies active in the molecular diagnostics market are also analyzed and studied in the Global Market.
Competitive Landscape
Molecular diagnostics has seen increased demand over the years, due to growing R&D investments and growing funding by governments and numerous organizations. Companies functioning in the global market are also being challenged due to stringency of rules and regulations and strict approval process. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2016 to 2025. As the molecular diagnostics market is set to register a high CAGR of 8.57% and is also anticipated to reach a US$16.32 billion by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and molecular diagnostics market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by molecular diagnostics market companies are anticipated to help the market during the forecast period 2016 to 2025.
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