Molecular Diagnostics Market Expects America to Retain Dominant Share Till At Least 2022
Molecular Diagnostics is a diasnosis technique that utilizes DNA, RNA and proteins to detect specific health condition or diseases.
The Molecular Diagnostics Market deals with the development and advancement of diagnostic tests which help in identifying specific sequences within DNA or RNA samples. Such molecular testing methods help in the accurate diagnosis of diseases and to assess the liability of a disease affecting an individual’s DNA.
Molecular diagnostics has undergone a massive revolution over the last couple of decades. The Molecular Diagnostics Market is the main thrust behind the present change in medical services, prompting major leaps in knowledge in the field of genetic testing as well as biology at the molecular level. These developments encompass advanced molecular diagnostics which help in identifying cancer at an early stage, cutting-edge DNA sequencing, microarray technologies, etc.
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Scope & Regional Forecast of the Molecular Diagnostics Market
Variables like rising reports of infections and cancer, improvement in awareness regarding molecular diagnostic testing, widespread availability of customized medicines, and various technical leaps made in biomarker testing are the key growth drivers of the Molecular Diagnostics Market. On the other hand, the great difficulty with which molecular diagnostics companies gain approval for testing new techniques hampers the development of the market. Regardless of regulations, the rapid adoption of these diagnostics in the emerging or developing nations is expected to open several new growth opportunities.
Currently, the North American region holds the highest share in the Molecular Diagnostics Market, largely due to variables like the growing numbers of the aged or elderly, more cases of infections and chronic issues being reported, and more public preference for personalized medication. The European segment of the Molecular Diagnostics Market is the second largest region due to the presence of an advanced healthcare system and implementation of sound policies.
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Segmentations & Key Players Involved in the Molecular Diagnostics Market
According to IndustryARC findings, the Molecular Diagnostics Market can be broken down into various segmentations on the basis of –
Products: Analyzers and Reagents.
Technology: PCR, INAAT, Hybridization, DNA Sequencing and Next Generation Sequencing, Microarray, Spectral Karyotype Imaging (SKI) and Others.
End-Users: Hospitals, Clinical Laboratories and Academics.
Applications: Infectious Disease (HBV, HCV, HIV, TB, CT/NG, HPV, MRSA, Others), Oncology (Prostate Cancer, Breast Cancer, Colorectal Cancer, Others), Genetic Disease Screening, Blood Screening, Microbiology and Others.
Geography: Americas, Europe, Asia-Pacific and Rest of the World.
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Some of the key players involved in the Molecular Diagnostics Market according to IndustryARC are as follows:
Johnson and Johnson
Bayer Healthcare AG
Agilient Technologies, Inc
Molecular Diagnostics is a diasnosis technique that utilizes DNA, RNA and proteins to detect specific health condition or diseases. Molecular Diagnostics represents enormous market growth of in-vitro diagnostics and now-a-days routinely used in hospitals,
Aug 23, 2017