Molecular Diagnostics Market 2020 growth factors, latest trend and regional analysis of leading players by 2026
Category: #business  By Ronak Bora  Date: 2021-03-20
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Molecular Diagnostics Market 2020 growth factors, latest trend and regional analysis of leading players by 2026

Molecular Diagnostics Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Molecular diagnostics has been increasingly gaining recognition as one of the most transformative fields in the biotechnology space. Research and development in molecular diagnostics have led to several major breakthroughs in medical diagnostics that are revolutionizing healthcare. It is basically a class of diagnostic tests that assess the health of an individual at a molecular level.

These tests can measure and detect specific genetic sequences in the DNA or RNA. It has become a crucial part of modern-day diagnosis and diseases management and is used in applications including therapeutic monitoring, patient stratification, predisposition to disease and toxicity avoidance. Future trends in the rapidly-growing molecular diagnostics market will be primarily driven by ongoing research and development activities to explore the scope of the technology in advanced medical diagnostics.

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The different types of molecular diagnostic technologies include in-situ hybridization (ISH), isothermal amplification, mass spectrometry, chips and microarrays, sequencing, and PCR. ISH technology market size is expected to be worth more than US$3 billion by 2026. Recent developments in in-situ hybridization technology have enabled cost-effective gene mapping and diagnostics.  

ISH technology can be used to localize a specific section of nucleic acid within a histologic section. Applications of in-situ hybridization include microbiology, developmental biology, pathology, phylogenetic analysis, and karyotyping. The technology is particularly useful in the field of neuroscience.

Blood screening, oncology testing, genetic testing, and infectious disease testing are some of the major molecular diagnostics applications. Genetic testing market size is projected to record a CAGR of about 11% through 2026, with recent advances in diagnostic technologies offering higher specificity and sensitivity. From its application in diagnosis of rare disorders, the scope of genetic testing has expanded tremendously over the past several.

It is being widely used in diagnosis of inherited disorders and screening of infants for highly penetrant disorders. Other notable applications include pharmacogenetic testing for individual drug selection, dosage and response, predictive and pre-symptomatic testing for complex disorders. Abbott Molecular, Siemens Healthcare, Johnson & Johnson, HTG Molecular Diagnostics, Qiagen Gaithersburg, Inc., Novartis, Roche Diagnostics, and Becton are a few notable names in molecular diagnostics market.

Latin America molecular diagnostics market size is estimated to hit an annual valuation of more than US$1 billion by 2026. The regional adoption can be attributed to growing awareness about the availability of cost-effective molecular diagnostic technologies among the general population. .

Patients and their families are increasingly opting for molecular diagnostics for disease prognosis, healthcare management, and family planning. Growing investments to upgrade the regional healthcare infrastructure with modern medical devices, equipment, and technologies will certainly bolster the regional outlook. Many research institutes across the region are shifting from basic research and development of molecular diagnostic solutions to clinical reality. 

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Partial Chapter of the Table of Content 

Chapter 4.    Molecular Diagnostics Market, By Application

4.1. Key segment trends

4.2. Infectious disease

4.2.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.2. Flu

4.2.2.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.3. RSV virus

4.2.3.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.4. Tuberculosis

4.2.4.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.5. Meningitis

4.2.5.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.6. HIV market

4.2.6.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.7. Hepatitis C

4.2.7.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.8. Hepatitis B

4.2.8.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.9. HPV

4.2.9.1. Market size, by region, 2015 – 2026 (USD Million)

4.2.10. STD

4.2.10.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.10.2.    Chlamydia

4.2.10.2.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.10.3.    Gonorrhea

4.2.10.3.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.10.4.    Others

4.2.10.4.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.11. Dengue

4.2.11.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.12. Pylori

4.2.12.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.13. TORCH

4.2.13.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.14. Others

4.2.14.1.    Market size, by region, 2015 – 2026 (USD Million)

4.3. Blood screening

4.3.1. Market size, by region, 2015 – 2026 (USD Million)

4.4. Genetic testing

4.4.1. Market size, by region, 2015 – 2026 (USD Million)

4.5. Oncology testing

4.5.1. Market size, by region, 2015 – 2026 (USD Million)

Chapter 5.    Molecular Diagnostics Market, By Technology

5.1. Key segment trends

5.2. PCR

5.2.1.    Market size, by region, 2015-2026 (USD Million)

5.3. In-situ hybridization

5.3.1.    Market size, by region, 2015-2026 (USD Million)

5.4. Chips and microarrays

5.4.1.    Market size, by region, 2015-2026 (USD Million)

5.5. Mass spectrometry

5.5.1.    Market size, by region, 2015-2026 (USD Million)

5.6. Sequencing

5.6.1.    Market size, by region, 2015-2026 (USD Million)

5.7. Isothermal amplification

5.7.1.    Market size, by region, 2015-2026 (USD Million)

5.8. Others

5.8.1.    Market size, by region, 2015-2026 (USD Million)

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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