Molecular Diagnostics Market Report

Market Insights

Molecular Diagnostics Market is likely to witness an impressive CAGR of 9.0% during the forecast period. Major factors such as increasing incidence of cancer, growing prevalence of infectious diseases, and increasing occurrence of bacterial and viral diseases are expected to drive the growth of the market. Furthermore, advancements in molecular diagnostic techniques and government funding to support R&D in molecular diagnostics are expected to fuel the market growth during the forecast period.

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Key Players

Some of the key players in the molecular diagnostics market are:

• Agilent Technologies, Inc.
• BioMerieux SA
• Danaher Corporation
• F. Hoffmann-La Roche Ltd.
• Illumina, Inc.
• Novartis AG
• QIAGEN N.V.
• Siemens Healthineers AG
• TBG Diagnostics Limited
• Thermo Fisher Scientific Inc.

Segment Analysis

Molecular Diagnostics Market Share: By Product Type

Based on the product type, the market is segmented as reagents & kits, instruments, and others. The reagents & kits segment is expected to hold the major share of the market during the forecast period. The high use of reagents in molecular diagnostic testing, increasing demand for over-the-counter diagnostic tests, and growing adoption of these tests in non-medical facilities such as home self-testing are driving the segment's growth.

Molecular Diagnostics Market Share: By Application Type

Based on the application type, the market is segmented as infectious diseases, blood screening, oncology, genetic tests, and others. Infectious diseases are estimated to account for the major share of the market during the forecast period on account of the increasing number of infectious diseases such as SARS-CoV-2, new multidrug-resistant TB, H1N1, and HIV strains.

Molecular Diagnostics Market Share: By Region

In terms of regions, North America is expected to be the leading region in the market during the forecast period, owing to a growing geriatric population, increasing demand for point-of-care diagnostics, and outbreaks of bacterial and viral diseases. Furthermore, technological advancements, the presence of well-established diagnostic systems, and development in the healthcare sector are expected to drive the market growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Market Scope & Segmentation

Molecular diagnostics is a set of techniques that employ molecular biology to analyze biological markers in the genome and proteome, as well as how cells express their genes as proteins.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market

The molecular diagnostics market is segmented into the following categories

Molecular Diagnostics Market Size, Share, & Forecast, by Product Type:

• Reagents & Kits (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Instruments (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

Molecular Diagnostics Market Size, Share, & Forecast, by Technique Type:

• Polymerase Chain Reaction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Isothermal Amplification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hybridization (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sequencing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Microarray (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

Molecular Diagnostics Market Size, Share, & Forecast, by Application Type:

• Infectious Diseases (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Blood Screening (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oncology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Genetic Tests (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

Molecular Diagnostics Market Size, Share, & Forecast, by End-User Type:

• Hospitals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Diagnostic Laboratories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

Molecular Diagnostics Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the technique types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.