Market Research Report

A quick peek into the report

Molecular Diagnostics Market - A Global and Regional Analysis

Focus on Product, Testing Location, Application, Technology, and End User - Analysis and Forecast, 2021-2031

 
Some Faq's

Frequently Asked Questions

The global molecular diagnostics market is predicted to grow from $10,914.6 million in 2020 to $24,228.0 million in 2031 and is expected to grow with a CAGR of 7.38% during the forecast period 2021-2031.
The top market players are Abbott, Agilent Technologies, Inc., Becton, Dickinson and Company (BD), bioMérieux SA, Bio-Rad Laboratories, Inc., Danaher, F. Hoffmann-La Roche Ltd, Guardant Health, HTG Molecular Diagnostics, Inc., Illumina, Inc., Invivoscribe, Inc., ICON plc, LungLife AI, Inc., QIAGEN, QuantuMDx Group Ltd., Siemens Healthcare GmbH, Thermo Fisher Scientific Inc.
Factors driving the growth of the global molecular diagnostics are a highly increasing prevalence of infectious diseases and various types of cancer, an increase in awareness and acceptance of personalized medicines on a global level, and significant external funding for executing research and development exercises.
Some of the main challenges restricting the growth of the global molecular diagnostics are uncertain reimbursement scenario, lack of high-complexity testing centers, and complex regulatory frameworks delaying the approval of new molecular diagnostic tests.
The potential opportunities that are likely to boost the growth of the global molecular diagnostics are massive scope for adoption of molecular diagnostics in emerging nations, rise of next-generation ultrasensitive molecular diagnostics, and novel revenue streams.
Similar Product

You may also like

Published Year: 2020

Global Liquid Biopsy Market: Focus on Market Segmentation by Product Type, by Indication Type, by Te

The global liquid biopsy market is projected to reach $12,933 million by 2030 from $2588.6 ...

Published Year: 2020

Global Precision Medicine Market: Focus on Ecosystem, Technology, Application, Country Data (21 Coun

The global precision medicine market is set to witness a CAGR of 11.13% during the period ...

Published Year: 2020

Global Companion Diagnostics Market: Focus on Technology, Application Area, Country Data (12 Countri

The global companion diagnostics market to grow at a significant CAGR of 12.45% during the ...