Molecular diagnostics is an integral part of in-vitro diagnostics, the collection of techniques used to analyse biomarkers in genomics and proteomics. Molecular diagnostics plays a major role in early diagnosis and treatment of diseases. Molecular diagnostics is an important tool when it is necessary to diagnose and treat at molecular level.
The reagents used in molecular diagnostics play important role in primary diagnosis and treatment of diseases at molecular level. The instruments like PCR and next generation sequencing has shown reliable test results and are rapid in nature which resulting increasing demand in central laboratories diagnostics institutes. Moreover, molecular testing tools are providing better alternatives in detecting in infectious viral, bacterial and other pathogens.
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All these factors are responsible for growth of the market positively. Furthermore, increasing prevalence of infectious diseases like influenza and human papillomavirus and others also boost the growth of the market.
Global Molecular Diagnostics Market is expected to grow at a CAGR of 9.6% during forecasted period 2018-2023.
Key players for Global Molecular Diagnostics Market
The top key players in global molecular diagnostics market F. Hoffmann-La Roche Ltd. (U.S.), QIAGEN N.V. (the Netherlands), Hologic, Inc. (U.S.), Grifols (Spain), Abbott (U.S.), Siemens Healthcare GmbH(Germany), Bio-Rad Laboratories, Inc.(US), BD (U.S.), Beckman Coulter Inc. (U.S.), bioMérieux SA (France), and Cepheid (U.S.).
Bio-Rad Laboratories, Inc. is the US headquartered company which develops, manufactures and market a wide range of products for molecular diagnostic and research. In Feb 2016, the company got approval for QX200, Droplet which are the first digital PCR systems. Bio-rad has a wide range of molecular diagnostic tools.
Abbott laboratories, incorporated in 1990 and headquartered in Illinois, USA, Abbott Laboratories focuses on discovery, development, manufacture, and sale of health care products. The company operates through four reportable segments namely, established pharmaceutical products, diagnostic products, nutritional products, and vascular products. In April, 2016 it received FDA approval for its companion diagnostics “Vysis CLL FISH probe kit” in Leukemia. The kit is used to detect the 17p deletion in chronic lymphocytic leukemia patients.
Regional Analysis for Global Molecular Diagnostics Market
On regional basis, the Molecular Diagnostics Market is segmented into America, Europe, Asia Pacific and Middle East & Africa.
America dominates the Global Molecular Diagnostics Market due to increasing demand for the advanced techniques and molecular diagnostics and higher expenditure in life science domain are the major factors for the growth of American market.
Europe records the second largest market share followed by Asia Pacific. Increasing prevalence of lifestyle and chronic diseases, increasing number of private diagnostic centres are the major factors responsible for growth of the market.
According to American Cancer Society, Asia Pacific region, contributes 44% of all cancer cases (6.4 million out of 14.1 million) and 51% of all cancer deaths (4.3 million out of 8.2 million) globally, whereas China representing the majority of the cancer burden.
On the other hand, in the Middle East and Africa, blood disorders have become a huge problem due to limited screening, ignorance of diseases, and poor access to treatment.
Brief Table Of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
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