Molecular Diagnostics is the branch of clinical pathology or laboratory medicine that utilizes various molecular biology techniques to diagnose diseases, predict disease course, select treatments, and monitor the effectiveness of therapies. These tests are performed mainly to examine the existence of the disease in blood, tissue, or even in bones. The importance of nucleic acids and other cellular biomarkers in defining the vital cellular process has facilitated medical advancements in the diagnosis of various diseases. Early diagnosis of the disease is one of the key advantages of this technology.
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Market Analysis: The global molecular diagnostics market is estimated to witness a CAGR of 8.7% during the forecast period 2019–2026. The US occupied a dominant market share, i.e., 32% in 2018, and is expected to grow at a CAGR of 8.4% during the forecast period 2019–2026. The market is analyzed based on four segments – applications, technologies, end-users, and regions.
The Top Key Players include: F. Hoffmann-La Roche, Hologic, Inc., Danaher Corporation, Abbott Laboratories, and Siemens Healthineers Inc.
The global Molecular Diagnostics market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Competitive Analysis: Polymerase Chain Reaction (PCR) occupied a significant share in the molecular diagnostics market. The emerging players are focusing on developing NGS and microarray technology to have the edge in the market. The increasing importance of molecular diagnostic tests has resulted in the launch of new tests and also increased acquisition, strategic partnership, and funding to develop new tests and technologies. For instance, in April 2019, NanoString Technologies, Inc. launched a Breast Cancer 360 (BC 360) research panel. In July 2018, MDxHealth SA announced the commercial launch of its AssureMDx for bladder cancer test in the US as a laboratory developed test. Illumina recently started a new company, named GRAIL, for liquid biopsy. It invested $100 million and raised another $900 million through public funding to develop new non-invasive tests for cancer diagnosis.
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Geographically, the global Molecular Diagnostics market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Molecular Diagnostics region is dominating this market in the upcoming future.
The study objectives of global market research report:
To analyze the global Molecular Diagnostics market on the basis of several business verticals such as drivers, restraints, and opportunities
It offers detailed elaboration on the global competitive landscape
To get an informative data of various leading key industries functioning across the global regions
It offers qualitative and quantitative analysis of the global Molecular Diagnostics market
It offers all-inclusive information of global market along with its features, applications, challenges, threats, and opportunities
The major key questions addressed through this innovative research report:
- What are the major challenges in front of the global Molecular Diagnostics market?
- Who are the key vendors of the global Molecular Diagnostics market?
- What are the leading key industries of the global Molecular Diagnostics market?
- Which factors are responsible for driving the global Molecular Diagnostics market?
- What are the key outcomes of SWOT and Porter’s five analysis?
- What are the major key strategies for enhancing global opportunities?
- What are the different effective sales patterns?
- What will be the global market size in the forecast period?
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