Molecular Diagnostics Market Outlook and Forecast | Becton, Dickinson Company, Abbott Laboratories, Agilent Technologies

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Molecular diagnostics market size – USD 8.48 billion in 2019, market growth – CAGR of 8.7%

VANCOUER, BC, CANADA, April 25, 2022 /EINPresswire.com/ — Investigation report titled “Global Molecular diagnostics market ” has been added by Emergen Research to its ever-expanding repository. The report provides a sophisticated insightful analysis of the Molecular Diagnostics Market industry data that has been formulated based on extensive primary and secondary research. The details were then validated and verified by industry experts. The precise data provided by the report offers fruitful insights into the sales strategies to enhance the market performance.

The global molecular diagnostics market is expected to reach $16.49 billion by 2027, according to a new report from Emergen Research. The growth of this market can be attributed to the increasing number of cases related to infectious diseases such as HIV, influenza, tuberculosis, and hepatitis and the increasing technological advancements in molecular diagnostics. Increasing investment in research and development by the government and various organizations for the technological advancement of diagnostics is increasing the demand from the industry.

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The pandemic has disrupted the supply chain and the supply of raw materials. The growing need to screen large numbers of patients for COVID-19 has caused immense demand for diagnostic kits. Manufacturers are facing a severe supply shortage of diagnostic kits. As there are risks of producing faulty test kits, manufacturers are under immense pressure to produce accurate and reliable test kits.

Our report contains current and latest market trends, company market shares, market forecasts, competition benchmarking, competition mapping and an in-depth analysis of the most important sustainability tactics and their impact on market growth and competition. To estimate the quantitative aspects and to segment the global Molecular Diagnostics market, we have used a recommended combination of top-down and bottom-up approaches.

Major market players 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 of the report:

The reagents segment led the market with a share of 57.1% in 2019, owing to its easy availability and cost-effectiveness.

The DNA Sequencing and NGS segment is expected to register the highest CAGR due to its growing application in genomics research.

Oncology is expected to register the highest CAGR during the forecast period owing to the growing number of cancer cases globally.

North America has the highest adoption rate in the market due to increasing investments by major manufacturers to produce technologically advanced molecular diagnostics.

Looking for more insights on these Molecular Diagnostics Market Reports @ https://www.emergenresearch.com/industry-report/molecular-diagnostics-market

The research examines new opportunities for growth, made with an in-depth analysis of the global Molecular Diagnostics Market on the basis of development and data analysis representing every aspect of the Molecular Diagnostics Market. Additionally, the report provides information on regions, types, key drivers, trends, challenges, applications, annual growth rates, forecast & market size (quantity & value) and market segment. market by region.

Answers to key questions in the report:

Who are the top five players in the Molecular Diagnostics market?
How will the molecular diagnostics market evolve over the next five years?
Which product and application will capture the lion’s share of the Molecular Diagnostics market?
What are the drivers and restraints of the Molecular Diagnostics market?
Which regional market will show the strongest growth?
What will be the CAGR and size of the Molecular Diagnostics market throughout the forecast period?

Global Molecular Diagnostics Market Segmentation:

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)
Reagents
Instruments
Others

Technology Outlook (Revenue, USD Billion; 2017-2027)
DNA and NGS sequencing
Polymerase chain reaction (PCR)
In situ hybridization
DNA chips
Isothermal Nucleic Acid Amplification Technology (INAAT)
Other technologies

Application Outlook (Revenue, USD Billion; 2017-2027)
Oncology
Infectious diseases
Genetic test
Others

End User Outlook (Revenue, USD Billion; 2017-2027)
Central laboratories
Hospitals
Others

As part of our quantitative analysis, we have provided regional market forecast by type and application, market forecast and sales estimate by type, application and region by 2027, and sales forecast and estimate and production for Bioelectrical Medicine by 2027. For the qualitative analysis, we focused on policy & regulatory scenarios, component benchmarking, technology landscape, important market topics along with the landscape and industry trends.

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Why Should You Buy This Molecular Diagnostics Market Report?

The study document dissects the total market potential of major regions along with strengths, opportunities and challenges, restraints and dangers.
Identifying high-improvement locations, the study inspects open entries, keeping an eye out for accomplices.
It examines each submarket in terms of a unique improvement design and its contribution to the market.
It reviews recent developments, such as breakthroughs, business strategies, new product launches, and acquisitions.
It deliberately profiles the major players in the market and thoroughly studies their strategies for advancement.

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

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Emerging research
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