North America Molecular Diagnostics Market Insights 2023: Trends, Size, CAGR, Growth Analysis by 2029
Molecular diagnosis identifies or diagnoses diseases such as infectious diseases, genetic diseases, cardiovascular diseases, neurological diseases, and others by studying molecules such as DNA, RNA, protein in a tissue or a fluid. Different technologies such as PCR, mass spectrometry, -generation sequencing, cytogenetics, in situ hybridization, molecular imaging and others are used to diagnose different diseases.

North America Molecular Diagnostics Market Insights 2023: Trends, Size, CAGR, Growth Analysis by 2029

North America Molecular Diagnostics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 17,645.46 million by 2028. Increase in prevalence of infectious diseases and cancer is expected to boost the growth of the molecular diagnostics market.

To thrive in this rapidly transforming marketplace, today’s businesses call for innovative and superlative solutions. In addition, businesses can recognize the extent of the marketing problems, causes for failure of particular product (if any) already in the market, and prospective market for a new product to be launched. CAGR levels for the market with respect to its rise or fall are estimated in the credible NORTH AMERICA MOLECULAR DIAGNOSTICS report for the forecast period of 2020 to 2027. By understanding client’s requirements precisely, this report brings together business and product information for the sustainable growth in the market.

Customer requirement has been kept into focus while preparing this professional and in-depth NORTH AMERICA MOLECULAR DIAGNOSTICS market research report. This report also gives the details about the market drivers and market restraints that help in knowing rise or fall of the demand of particular product with respect to market conditions. Strategic aspects of the NORTH AMERICA MOLECULAR DIAGNOSTICS industry such as product development and specification, technology, niche growth opportunities, application modelling, and new geographical markets can be tackled with the vast information and data included in this report. A winning NORTH AMERICA MOLECULAR DIAGNOSTICS market report has been framed by taking into account several factors of the present and upcoming market scenario.


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North America Molecular Diagnostics Market Scope and Size

The molecular diagnostics market is segmented based on the products, technology, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

·         On the basis of products, the molecular diagnostics market is segmented into reagents & kits, instruments and services & softwares. In 2021, the instruments segment is expected to dominate the molecular diagnostics market due to the rise in demand for advanced technology to diagnose diseases such as infectious diseases, cancer and others.

·         On the basis of technology, the molecular diagnostics market is segmented into mass spectrometry (MS), capillary electrophoresis, next generation sequencing (NGS), chips and microarray, polymerase chain reaction (PCR)-based methods, cytogenetics, in situ hybridization (ISH or FISH), molecular imaging and others.

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Some of the key questions answered in this report:

• How has the North America Molecular Diagnostics Market performed so far and how will it perform in the coming years?

• What has been the impact of COVID-19 on the North America Molecular Diagnostics Market?

• What are the key regional markets?

• What is the breakup of the market based on the procedure?

• What is the breakup of the market based on the injury location?

• What is the breakup of the market based on the end user?

• What are the various stages in the value chain of the industry?

• What are the key driving factors and challenges in the industry?

• What is the structure of the North America Molecular Diagnostics Market and who are the key players?

• What is the degree of competition in the industry?

                                          

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 Market Analysis and Insights:

Molecular diagnosis identifies or diagnoses diseases such as infectious diseases, genetic diseases, cardiovascular diseases, neurological diseases, and others by studying molecules such as DNA, RNA, protein in a tissue or a fluid. Different technologies such as PCR, mass spectrometry, -generation sequencing, cytogenetics, in situ hybridization, molecular imaging and others are used to diagnose different diseases.

Rising demand for molecular diagnostic tools to diagnose COVID-19 is expected to boost the growth of the molecular diagnostics market. High cost of instrumentation is expected to act as a major restraint for the growth of the molecular diagnostics market. Rising geriatric population is expected to act as an opportunity for the growth of the molecular diagnostics market. High competition among market players is expected to act as challenge for the growth of the molecular diagnostics market.

 

North America Molecular Diagnostics Market Share Analysis

The molecular diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. 

Key major players operating in the North America Molecular Diagnostics market are

Abbott, Siemens Healthcare GmbH, Thermo Fisher Scientific Inc., BD, bioMérieux SA, Cepheid, Hologic, Inc., Myriad Genetics, Inc., QIAGEN, Agilent Technologies, Inc., Quidel Corporation, Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., IMMUCOR, Luminex Corporation, Meridian Bioscience, F Hoffmann-La Roche Ltd and GenMark Diagnostics, Inc. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

MAJOR TOC OF THE REPORT

• Chapter One: Introduction

• Chapter Two: Market Segmentation

• Chapter Three: Market Overview

• Chapter Four: Executive Summary

• Chapter Five: Premium Insights

• Chapter Six: North America Molecular Diagnostics Market Share by Product & Procedure type

                                                

 

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