The global molecular diagnostics market size is expected to reach USD 50.94 Billion in 2030 and register a revenue CAGR of 12.4% over the forecast period, according to the latest report by Reports and Data. Government initiatives to promote molecular testing, increasing geriatric population, and rising cases of various infectious diseases across the world are key factors boosting global market revenue growth.

Increased investment in molecular diagnostics Research Development (RD) for development of advanced tools and methods for early diagnosis of cancer and other diseases is driving growth of molecular diagnostic market. Increase in funding by government across the globe for development of advanced testing kits instruments and infrastructural developments in healthcare sector are further supporting market revenue growth. With the ability to identify specific genetic variations in patients, molecular diagnostics represents an invaluable tool kit for current health professionals who can chart highly individualized treatment plans for their patients. Therefore, molecular diagnostic techniques have gained rapid traction over the last few years and are widely used in laboratories, research institutes, and hospitals for various purposes.

Testing and screening operations are becoming advanced as molecular diagnostics are being utilized broadly for amplification and discovery purposes. Increasing adoption of self-testing kits is fueling growth of the market. However, many hospitals and reference laboratories in developing countries find it difficult to afford costly instruments kits. This is expected to hamper global market growth in the coming years.

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The report provides an in-depth analysis of the key developments and innovations of the market such as research and development advancements, product launches, mergers acquisitions, joint ventures, partnerships, government deals, and collaborations. The report offers a comprehensive assessment of key players in the market along with their global position, financial standing, business expansion plans, production and manufacturing capacity, and strategic alliances.

Key players in the market include

Abbott, Roche Diagnostics, QIAGEN, Danaher, Hologic, Becton, Siemens Healthcare GmbH, Bio-Rad Laboratories, Dickinson and Co., Cepheid

Furthermore, the report segments Molecular Diagnostics  market on the basis of key product types and applications and provides details about the revenue growth, revenue CAGR, and revenue share each segment is expected to register over the forecast period.

Product Services Outlook (Revenue, USD Billion; 2018–2030)

• Reagents Kits
• Instruments
• Services Software

Technology Outlook (Revenue, USD Billion; 2018–2030)

• Polymerase Chain Reaction (PCR)
• Isothermal Nucleic Acid Amplification Technology
• DNA Sequencing Next-generation Sequencing (NGS)
• In Situ Hybridization
• DNA Microarray
• Other Technologies

Application Outlook (Revenue, USD Billion; 2018–2030)

• Infectious Diseases
• Hepatitis
• Human Immunodeficiency Virus (HIV)
• Chlamydia Trachomatis / Neisseria Gonorrhoeae(CT/NG)
• Healthcare-associated Infections (HAIS)
• Human Papillomavirus (HPV)
• Tuberculosis
• Influenza
• Other Infectious Diseases
• Oncology
• Breast Cancer
• Colorectal Cancer
• Lung Cancer
• Prostate Cancer
• Other Cancers
• Genetic Tests
• Other Tests

End-use Outlook (Revenue, USD Billion; 2018–2030)

• Hospitals
• Diagnostic Laboratories
• Others

For a better understanding of the global Molecular Diagnostics  market dynamics, a regional analysis of the market across key geographical areas is offered in the report. The market is spread across key geographical regions such as North America, Europe, Latin America, Asia Pacific, and Middle East Africa. Each region is analysed on the basis of the market scenario in the major countries of the regions to provide a deeper understanding of the market. It provides insights into production and consumption patterns, supply and demand ratio, export/import, current and emerging trends and demands, market share, market size, revenue contribution, and presence of key players in each region.

In-depth regional analysis includes:

• North America (U.S., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of EU)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA

Key Features of the Global Molecular Diagnostics  Market Report:

• Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
• Identification and analysis of significant trends and factors driving revenue growth of the market
• Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
• Assessment of each market segment along with their growth trends and market revenue contribution
• Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks

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