San Francisco, 24 January, Molecular
Diagnostics Market Size, Share & Trend Analysis Report By Technology (PCR,
ISH, INNAT, Chips & Microarrays, Mass spectrometry, Sequencing, TMA), And
Segment Forecasts, 2018 - 2024
Global molecular diagnostics market is
expected to reach over USD 17.9 billion by 2024, based on a new report by Grand
View Research, Inc. Increasing prevalence of infectious diseases including
human papillomavirus and influenza is expected to be the primary driving force
for the growth of the molecular diagnostics market. In the underdeveloped
regions of Africa and Nigeria, other infections, such as HIV and tuberculosis,
are soaring at a high growth rate since the last few years. This is estimated
to increase the demand for early and accurate diagnostic techniques to curb
their growth rate.
Prenatal genetic testing, performed for the purpose of
early detection of abnormalities that develop in the fetuses of carrier
parents, is also expected to widen the client base for the molecular diagnostics
market. Moreover, the high adoption of unhealthy lifestyles further resulting
in a large patient count afflicted with chronic diseases, such as diabetes and
cardiovascular disorders, is also projected to positively impact the growth.
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Report On Molecular Diagnostics Market Analysis:
Further key findings from the study
suggest:
·
The overall market is dominated by reagents
with revenue generation of over USD 2.3 billion in 2015 owing to their elevated
usage rates. Reagents are key products used in academic and research institutes
to perform various molecular biology protocols further contributing toward the
dominance of this segment.
·
Instruments, such as PCR and next
generation sequencing platforms, are being widely preferred by central
laboratories and diagnostic institutes due to the rapid nature of these tests
in delivering quick & reliable results and the high volume of diagnostic
procedures in this segment. Thus, this segment is expected to maintain a
constant growth at a CAGR of around 9.0%.
·
Central laboratories led the global
molecular diagnostics market by test location with revenue generation of around
USD 4.0 billion in 2015 owing to their established base in the remote and
developing regions
·
On the other hand, the point of care
devices segment witnessed the fastest growth with a CAGR of over 14.0%. The
associated advantages include the user-friendly nature of these tests and quick
healthcare delivery, which are estimated to propel the molecular diagnostics
market.
·
Infectious diseases held the largest share
of over USD 2.9 billion in 2015. Molecular testing tools provide clinicians
with better alternatives to detect countless infectious bacteria, virus, and
pathogens in short time while delivering highly accurate results. Initiatives
led by organizations, such as the WHO, in conducting diagnostic programs in
regions with high risk areas is estimated to be a high rendering driver.
·
The oncology segment is expected to exhibit
a CAGR of around 13.0% over the forecast period. Rising awareness levels among
people as well as healthcare professionals for cancer diagnosis is a key attribute
propelling the market growth.
·
The PCR segment dominated the market with
revenue generation of over USD 2.6 billion in 2015, attributable to the growing
applications of multiplex PCR over the conventional PCR procedure and the
introduction of easy-to-use PCR handling kits.
·
North America was observed to be the
largest regional segment in 2015 with a share of over 45.0%. Key factors
contributing toward the large share are well-established healthcare
infrastructure, rising healthcare spending, increasing awareness levels among
patients, and expansion of R&D activities related to drug discovery and
development.
·
Asia Pacific is identified as a lucrative
segment with a CAGR of approximately 17.0% over the forecast period. Rising
demand for improved diagnostic technologies employed for the prevention of
epidemics, unaddressed clinical needs, and recent activities by key players
targeting expansion in this region are the major factors supporting the market
growth.
·
Some of the major players include Novartis
AG (Grifols), Siemens Healthcare GmbH, Bio-Rad Laboratories, Inc., Alere, Inc.,
Danaher Corporation, bioMérieux SA, Sysmex Corporation, Becton, Dickinson and
Company, Johnson & Johnson Services, Inc., Bio-Rad Laboratories, Inc.,
Bayer AG, Qiagen, Hologic, Inc. (Gen Probe), Cepheid, F. Hoffmann-La Roche Ltd,
and Dako
·
The key players are advancing strategic
collaborations with major technology-based companies & diagnostic centers
and expanding into the developing regions in an attempt to increase their
market share and attain stability
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Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global molecular
diagnostics market on the basis of product, technology, applications, test
location, and region:
Global Molecular Diagnostics Product
Outlook (Revenue, USD Million, 2013 - 2024)
·
Instruments
·
Reagents
·
Others
Global Molecular Diagnostics Technology
Outlook (Revenue, USD Million, 2013 - 2024)
·
PCR
o
Multiplex
o
Others
·
In-situ Hybridization
·
Chips and microarrays
·
Mass spectrometry
·
Sequencing
·
Transcription mediated amplification
·
Others
Global Molecular Diagnostics Application
Outlook (Revenue, USD Million, 2013 - 2024)
·
Oncology
o
Breast cancer
o
Prostate cancer
o
Colorectal cancer
o
Cervical cancer
o
Kidney cancer
o
Liver cancer
o
Blood cancer
o
Lung cancer
o
Others
·
Pharmacogenomics
·
Infectious Diseases
o
Methicillin-resistant Staphylococcus Aureus
(MRSA)
o
Clostridium difficile
o
Vancomycin-resistant enterococci
o
Carbapenem-resistant bacteria testing
o
Flu
o
Respiratory syncytial virus (RSV)
o
Candida
o
Tuberculosis and drug-resistant TB
o
Meningitis
o
Gastrointestinal panel testing
o
Chlamydia
o
Gonorrhea
o
HIV
o
Hepatitis C
o
Hepatitis B
o
Other Infectious Diseases
·
Genetic Testing
o
Newborn screening
o
Predictive and presymptomatic testing
o
Others
·
Neurological diseases
·
Cardiovascular diseases
·
Others
Global Molecular Diagnostics Test Location
Outlook (Revenue, USD Million, 2012 - 2024)
·
Point of care
·
Self test or OTC
·
Central laboratories
Molecular Diagnostics Regional Outlook
(Revenue, USD Million, 2012 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
o
Spain
o
Italy
o
Belgium
o
Switzerland
o
Netherlands
o
Poland
o
Austria
o
Greece
o
Sweden
o
Turkey
o
Finland
·
Asia Pacific
o
Japan
o
China
o
India
o
Australia
o
New Zealand
o
Sri Lanka
o
Malaysia
o
Thailand
o
Vietnam
o
Ireland
o
Singapore
·
Latin America
o
Brazil
o
Mexico
o
Colombia
o
Chile
o
Peru
o
Argentina
·
MEA
o
South Africa
o
Saudi Arabia
o
Jordan
o
UAE
o
Qatar
o
Nigeria
o
Egypt
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Press Release of this Report: www.grandviewresearch.com/press-release/global-molecular-diagnostics-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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