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Molecular Diagnostics Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-07 

Molecular Diagnostics Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Expanding geriatric population-base, increasing incidence of chronic diseases across both developed and developing countries along with advancement in technology are likely to drive molecular diagnostics market outlook.

Molecular diagnostics is a collective term used for techniques employed to analyze biological markers involved in an expansive range of human ailments. These tools provide rapid and precise approaches for the detection, as well as monitoring of infectious and chronic diseases.

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Molecular diagnostics market size is forecast to cross the USD 15 billion mark by 2026, projects GMI, in its in-depth research study.

The oncology testing segment accounted for more than $1.3 billion in 2019 and will witness substantial growth over the estimated time period. The growth is ascribed to the rising prevalence of cancer across the globe.

As per WHO, cancer is the primary cause of mortality, globally, accounting for nearly 9.6 million human deaths, in 2018. This has further increased the demand for diagnostic procedures and is expected to drive the market demand for molecular diagnostics.

The sequencing technology segment is likely to witness an impressive 12% CAGR over the projected time period. New assays, which are based on next gen sequencing, are actively being developed to aid the healthcare professionals so as to unlock the power of genomics.

Most of these devices offer accurate and reliable screening along with diagnostic testing, granting the speed and accuracy to improve the human understanding of an ailment for early detection and decreasing the turnaround time.

Germany molecular diagnostics market is anticipated to register a CAGR of more than 7.5% over the forecast time period owing to favorable demographic trends like graying population, increasing prevalence of infectious diseases, and changing lifestyle preferences.

Furthermore, growing R&D in the field of molecular diagnostics coupled with rising demand for diagnostic procedures allowing for early diagnosis is likely to flourish the industry growth in Germany.

Today, various cost-effective and popular diagnostic tests in medicine are usually based on quantification of a particular protein and are used often in hospitals across the globe. For instance, detecting β-human chorionic gonadotropin in urine or blood is used to diagnose pregnancy.

Overall, in addition to various applications of the current technology in the healthcare sector, the ongoing advancements in domain of molecular diagnostics are shifting the base from basic research to clinical reality. With use of such advancements, the molecular diagnostics industry will flourish in the coming years.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/molecular-diagnostics-market-report

Partial Chapter of the Table of Content

Chapter 4. Molecular Diagnostics Market, By Application

4.1. Key segment trends

4.2. Infectious disease

4.2.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.2. Flu

4.2.2.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.3. RSV virus

4.2.3.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.4. Tuberculosis

4.2.4.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.5. Meningitis

4.2.5.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.6. HIV market

4.2.6.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.7. Hepatitis C

4.2.7.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.8. Hepatitis B

4.2.8.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.9. HPV

4.2.9.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.10. STD

4.2.10.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.10.2. Chlamydia

4.2.10.2.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.10.3. Gonorrhea

4.2.10.3.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.10.4. Others

4.2.10.4.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.11. Dengue

4.2.11.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.12. Pylori

4.2.12.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.13. TORCH

4.2.13.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.14. Others

4.2.14.1. Market size, by region, 2015 – 2026 (USD Million)

4.3. Blood screening

4.3.1. Market size, by region, 2015 – 2026 (USD Million)

4.4. Genetic testing

4.4.1. Market size, by region, 2015 – 2026 (USD Million)

4.5. Oncology testing

4.5.1. Market size, by region, 2015 – 2026 (USD Million)

Chapter 5. Molecular Diagnostics Market, By Technology

5.1. Key segment trends

5.2. PCR

5.2.1. Market size, by region, 2015-2026 (USD Million)

5.3. In-situ hybridization

5.3.1. Market size, by region, 2015-2026 (USD Million)

5.4. Chips and microarrays

5.4.1. Market size, by region, 2015-2026 (USD Million)

5.5. Mass spectrometry

5.5.1. Market size, by region, 2015-2026 (USD Million)

5.6. Sequencing

5.6.1. Market size, by region, 2015-2026 (USD Million)

5.7. Isothermal amplification

5.7.1. Market size, by region, 2015-2026 (USD Million)

5.8. Others

5.8.1. Market size, by region, 2015-2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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