Molecular Diagnostics Market size was valued at USD 22 Bn. in 2021 and the total Molecular Diagnostics revenue is expected to grow by 7 % from 2022 to 2029, reaching nearly USD 37.8 Bn.
Molecular Diagnostics Market Overview:
The Molecular Diagnostics market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentration on the Molecular Diagnostics market.
Market Scope:
This Molecular Diagnostics market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Molecular Diagnostics market; our specialists will aid you in making an informed market choice to achieve market growth.
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Segmentation:
Large outbreaks of bacterial and viral epidemics throughout the world, rising need for point-of-care diagnostics, recent advances in pharmacogenomics, and quickly growing technology are some of the reasons driving the market growth. According to the World Health Organization's 2020 report, TB is the world's 13th largest cause of death and the second leading infectious illness, after only COVID-19 (but ahead of HIV/AIDS). Tuberculosis was expected to affect roughly 10.5 million persons worldwide in 2020. There are 5.8 million males, 3.5 million women, and 1.5 million children in this group. Tuberculosis affects individuals of various ages and origins. In 2020, the top 30 tuberculosis-affected nations accounted for 86.5% of new cases. With two-thirds of the total, India leads the pack, followed by China, Indonesia, the Philippines, Pakistan, Nigeria, Bangladesh, and South Africa. As a result of the growing frequency and patient pool, the demand for molecular diagnostics rose with time.
Key Players:
• F. Hoffmann-La Roche Ltd.
• Hologic, Inc.
• Thermo Fisher Scientific, Inc.
• PerkinElmer, Inc.
• Abbott Laboratories
• bioMérieux SA
• QIAGEN N.V.
• Myriad Genetics, Inc.
• Siemens Healthineers AG
• Danaher Corporation
• Illumina, Inc.
• Becton
• Dickinson and Company
• Grifols, S.A.
• Quidel Corporation
• Agilent Technologies, Inc.
• DiaSorin S.p.a.
• Exact Sciences Corporation
• Genetic Signatures
• MDx Health
• Biocartis NV
• TBG Diagnostics Limited
• HTG Molecular Diagnostics, Inc.
• Vela Diagnostics
• Amoy Diagnostics Co., Ltd.
• ELITechGroup
• Molbio Diagnostics Pvt. Ltd.
• Savyon Diagnostics
• Abacus Diagnostica Oy
• geneOmbio Technologies Pvt. Ltd
The following are the key players of the Molecular Diagnostics market-
Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Molecular Diagnostics Market: The research also addresses the impact of COVID-19 on the Molecular Diagnostics market. The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Molecular Diagnostics Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the global Health Insurance Market in the next years.
Key Questions Answered in the Molecular Diagnostics Market Report are:
- What will be the CAGR of the Molecular Diagnostics market during the forecast period (2021-2029)?
- Which segment emerged as the leading segment in the Molecular Diagnostics market?
- Which are the prominent players in the Molecular Diagnostics market?
- What key trends are likely to emerge in the Molecular Diagnostics market in the forecast period?
- What will be the Molecular Diagnostics market size by 2029?
- Which company held the largest share in the Molecular Diagnostics market in 2021?
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