Global Molecular Diagnostics Market Insights, Growth, Share, Size: By Offerings, By Technology, By Applications, By End Users, By Region & Segmental Forecast, 2023-2031, Comparative Analysis and Trends
- Industry: Healthcare
- Report ID: TNR-110-1050
- Number of Pages: 420
- Table/Charts : Yes
- December, 2023
- Base Year : 2024
- No. of Companies : 14+
- No. of Countries : 29
- Views : 10212
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Molecular Diagnostics Market was Valued at US$ 11.2 Bn in 2022, Growing at an Estimated CAGR of 9.86% During 2023 – 2031.
Molecular diagnostics refers to a collection of techniques and tests used in medical diagnostics to analyze biological markers at the molecular level. These biological markers can include DNA, RNA, proteins, and other molecules present in cells and tissues. The primary goal of molecular diagnostics is to detect specific genetic sequences, mutations, biomarkers, or pathogens associated with diseases.
Future of Global Molecular Diagnostics Market
While developments in molecular diagnostics are encouraging, there are a number of obstacles and future possibilities that must be addressed. To begin, the adoption and integration of molecular diagnostics into ordinary clinical practice need adequate infrastructure, healthcare professional training, and cost-effectiveness evaluations. Furthermore, as technology evolves, standardisation and quality control become increasingly important. It is critical for widespread deployment and acceptance of molecular diagnostic tests to ensure that they are accurate, consistent, and reliable across various laboratories.
Advances in molecular diagnostics have changed illness detection, giving healthcare providers more sensitive, specific, and speedy diagnostic tools. Molecular diagnostics has transformed the discipline, from improving sensitivity and specificity to the creation of quick POCT systems and the appearance of liquid biopsies. As technologies advance and constraints are overcome, the future of molecular diagnostics seems bright, with the potential to revolutionise illness diagnosis, improve patient outcomes, and, ultimately, save lives.
Global Molecular Diagnostics Market Revenue & Forecast, (US$ Million), 2015 – 2031
In recent years, several molecular diagnostics technologies have gained popularity and witnessed significant advancements, contributing to the evolution of the field. NGS technology has seen remarkable growth and adoption in the past few years. It enables rapid sequencing of DNA or RNA, allowing for the analysis of entire genomes, exomes, or targeted gene regions with high throughput. NGS is utilized in various applications, including oncology (tumor profiling, liquid biopsies), inherited diseases, infectious diseases, and pharmacogenomics.
Digital PCR has gained attention for its high precision and absolute quantification of nucleic acids. It offers improved sensitivity and accuracy by partitioning samples into thousands of individual reactions, making it useful in applications such as rare mutation detection, viral load quantification, and gene expression analysis.
SARS coronavirus, swine flu, MERS coronavirus, Ebola, and Zika virus outbreaks, as well as the continuing COVID-19 pandemic, have all underlined the critical need for strong surveillance and response procedures. Molecular diagnostics has evolved as a feasible and cost-effective option for infectious disease testing, particularly in resource-constrained settings with a wide range of possible infection sources. Due to their speed, complexity, and adaptability, they are extremely important, allowing healthcare systems to optimise resources and respond quickly to emergent dangers.
North America had the highest share in the molecular diagnostic market in 2022. North America holds a substantial share of the global molecular diagnostics market. The region’s market growth was driven by factors such as the increasing incidence of infectious diseases, rising demand for personalized medicine, advancements in healthcare infrastructure, and a proactive regulatory environment promoting the adoption of innovative diagnostic technologies. Recently at the American Association of Clinical Chemistry (AACC) Scientific Meeting and Clinical Lab Expo , Roche showcased its latest advancements, including the cobas 5800, a small, fully-automated molecular PCR-testing system with a broad range of assays, and cobas pure integrated solutions.
Competitive Landscape: Global Molecular Diagnostics Market
- Abbott
- BD
- bioMérieux SA
- Bio-Rad Laboratories
- Danaher Corporation
- DiaSorin S.p.A
- F. Hoffmann-La Roche Ltd
- Grifols
- Hologic, Inc.
- Promega Corporation
- QIAGEN
- Rapid Test Methods Ltd.
- Seegene Inc.
- Sysmex Europe SE.
- Thermo Fisher Scientific Inc
- Other Market Participants
Global Molecular Diagnostics Market
Report Specifications | Details |
Market Revenue in 2022 | US$ 11.2 Bn |
Market Size Forecast by 2031 | US$ 25.1 Bn |
Growth Rate (CAGR) | 9.86% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Offerings, By Technology, By Applications, By End Users |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Abbott, BD, bioMérieux SA, Bio-Rad Laboratories, Danaher Corporation, DiaSorin S.p.A, F. Hoffmann-La Roche Ltd, Grifols, Hologic, Inc., Promega Corporation, QIAGEN, Rapid Test Methods Ltd., Seegene Inc., Sysmex Europe SE., Thermo Fisher Scientific Inc , Other Market Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): – +81 663-386-8111 South Korea (Toll-Free): – +82-808- 703-126 Saudi Arabia (Toll-Free): – +966 800 850 1643 United States: +1 302-232-5106 United Kingdom: +447537105080 E-mail: askanexpert@thenicheresearch.com
|
Global Molecular Diagnostics Market Scope By Offerings
- Instruments
- Solutions
- Reagents and Kits
By Technology
- Polymerase chain reaction (PCR)
- Nucleic Acid Amplification Tests (NAATs)
- Next-generation sequencing (NGS)
- Fluorescence In situ hybridization
- Microarray Technology
- CRISP-R
- Others
By Application
- Infectious diseases
- Meningitis
- Chlamydia
- Gonorrhea
- HIV
- Carbapenem-resistant Bacteria
- Flu
- Respiratory Syncytial Virus (RSV)
- Candida
- Others
- Oncology
- Breast Cancer
- Prostate Cancer
- Colorectal Cancer
- Cervical Cancer
- Kidney Cancer
- Liver Cancer
- Blood Cancer
- Lung Cancer
- Others
- Pharamacogenomics
- Hematopathology
- Genetic Testing
- Neurological Diseases
- Cardiovascular Diseases
- Others
By End Users
- Clinical Laboratories
- Pharmaceutical and Biotechnology Companies
- Research Institutions
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Coverage and Deliverables:
Table of Contents
Global Molecular Diagnostics Market
By Offerings
By Technology
By Application
By End Users
By Region
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
- Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
- In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.
The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.