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North America Molecular Diagnostics Market Size to Cross USD 5.3 Billion by 2024

Author : Ronak Bora | Published Date : 2020-10-16 

The market analysis on North America Molecular Diagnostics Market offers a holistic view on the overall industry with all required details regarding its overall foothold in the global ecosystem along with its applications in vivid end-user sectors.

According to the given report, North America molecular diagnostics industry reached a valuation of USD 3.1 billion in 2017 and is likely to surpass USD 5.3 billion over 2024, increasing at a rate of 7.9%. It includes important information on the current market situation, evolving technologies, robust competitive landscape, industry strategies, future growth opportunities, and market segmentations.

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Moreover, the report also delivers a summary of vivid factors that are expected to drive the overall industry along with including information of the ongoing trends touted to propel the market in the upcoming years. As per the report, the North American molecular diagnostics market has been fragmented into various segments spanning technology, application, regional, and competitive landscape.

Genetic testing segment was valued at USD 464.7 million in 2017 and the segmental growth can be accounted to the growing incidences of genetic diseases. As reported by Global Genes, there are around 7000 different rare diseases detected in the U.S. population that upsurge the demand for molecular diagnostics thereby, should thereby, should positively impact segmental growth. Furthermore, demand for genetic testing will keep increasing in upcoming years from primary care physicians and genetics specialists as genes are revealed and new tests are introduced.

The overall North America molecular diagnostics market has been diversified into different regions and geographies including U.S., Canada and its foolproof analysis has been drafted in the given research report. More so, it also consists of elaborative details on the factors promoting the growth of these regional market over the mentioned time frame, along with addressing the growth opportunities for myriad market players, technologies being massively used across these regions, stringent and favorable governmental reforms, and others.

U.S. molecular diagnostics market accounted for 96.3% regional revenue share in 2017 due to the growing usage of PCR, next-generation sequencing, microarray, and fluorescent in situ-hybridization. Furthermore, shift in trends towards therapeutic areas such as women's health, oncology, infectious disease and HIV/STDs testing along with availability of reimbursement for diagnostic procedures will drive the business growth.

The  molecular diagnostics market in North America boasts of the presence of top-notch companies that are operating this terrain and their individual market shares, company profiles, individual positions, accomplishments, and stance in the global ecosystem have been briefly cited in the study.

Some of the eminent industry players operating in the North America molecular diagnostics market include Abbott Molecular, Agilent (Dako), Alere, Analytik Jena, Becton Dickinson, Biomerieux, BioRad Laboratories, Cephied, Danaher, Johnson & Johnson, Roche Diagnostics and others. Key industry players implement strategic initiatives such as mergers and acquisitions that strengthens their market position. For instance, in October 2017, Company entered into partnership with HORIBA Medical to enhance its hematology product portfolio. According to the partnership, Siemens strong customer base will combine with Horiba’s innovative technology rendering competitive advantage to both the companies.

[TOC Chapters]

Chapter 4.North America Molecular Diagnostics Market, By Application

  1. Key segment trends
  2. Infectious diseases
    1. Market size, by country, 2013-2024 (USD Million)
    2. Flu
      1. Market size, by country, 2013-2024 (USD Million)
    3. RSV virus
      1. Market size, by country, 2013-2024 (USD Million)
    4. Tuberculosis
      1. Market size, by country, 2013-2024 (USD Million)
    5. Meningitis
      1. Market size, by country, 2013-2024 (USD Million)
    6. HIV market
      1. Market size, by country, 2013-2024 (USD Million)
    7. Hepatitis B
      1. Market size, by country, 2013-2024 (USD Million)
    8. Hepatitis C
      1. Market size, by country, 2013-2024 (USD Million)
    9. HPV
      1. Market size, by country, 2013-2024 (USD Million)
    10. STD
      1. Market size, by country, 2013-2024 (USD Million)
      2. Chlamydia
        1. Market size, by country, 2013-2024 (USD Million)
      3. Gonorrhea
        1. Market size, by country, 2013-2024 (USD Million)
      4. Others
        1. Market size, by country, 2013-2024 (USD Million)
    11. Dengue
      1. Market size, by country, 2013-2024 (USD Million)
  3. H.pylori
    1. Market size, by country, 2013-2024 (USD Million)
  4. TORCH
    1. Market size, by country, 2013-2024 (USD Million)
  5. Others
    1. Market size, by country, 2013-2024 (USD Million)
  6. Blood screening
    1. Market size, by country, 2013-2024 (USD Million)
  7. Genetic testing
    1. Market size, by country, 2013-2024 (USD Million)
  8. Oncology testing
    1. Market size, by country, 2013-2024 (USD Million)

Chapter 5.North America Molecular Diagnostics Market, By Technology

  1. Key segment trend
  2. PCR
    1. Market size, by country, 2013-2024 (USD Million)
  3. In-situ hybridization
    1. Market size, by country, 2013-2024 (USD Million)
  4. Chips & microarrays
    1. Market size, by country, 2013-2024 (USD Million)
  5. Mass spectroscopy
    1. Market size, by country, 2013-2024 (USD Million)
  6. Sequencing
    1. Market size, by country, 2013-2024 (USD Million)
  7. Isothermal amplification
    1. Market size, by country, 2013-2024 (USD Million)
  8. Others
    1. Market size, by country, 2013-2024 (USD Million)

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1143/north-america-molecular-diagnostics-market

Other Reports:

North America Heat Recovery Steam Generator Market

North America CHP Market

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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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