Molecular Diagnostics Market to Remain Lucrative During 2017 – 2025

Press Release

TMRR’s latest report on global Molecular Diagnostics market

The recent market intelligence study by Tailor Made Reports elaborates the all in all perspective of the worldwide Molecular Diagnostics market, from its historical growth through the future outlook. The report is scrutinized on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect.

Analysts at TMRR find that the global Molecular Diagnostics market reached a value of ~US$ xx Mn/Bn in 2018 and is anticipated to grow at CAGR of xx% during the forecast period 2019-2029. The growth is primarily driven by increasing demand for Molecular Diagnostics among the consumers, better disposable income, and enhanced GDP in developing countries.

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Segmentation 

In terms of geography, the report presents an analysis of the market in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America will represent a large share in the market throughout the forecast period. The growth of the region can be attributed to the presence of well-established and advanced laboratory accreditation infrastructure, government initiatives promoting PoC facilities and awareness regarding the benefits of early diagnosis, and the increasing expenditure on healthcare. 

Asia Pacific is expected to register a significant CAGR during the same period, with emerging countries such as India and China being the sights of high growth. The improving healthcare infrastructure, high unmet needs, and growing geriatric populations are attracting global players to invest in the region. The increasing external funding for clinical studies is likely to drive the growth of the region. 

Global Molecular Diagnostics Market: Competitive Landscape 

A raft of players in the global molecular diagnostics market is entering into strategic partnerships with biotech firms to provide novel diagnostics solutions in order to enhance their visibility. Companies are investing hefty funds in research and development activities to introduce cost-effective and innovative products that will help them in expanding their product portfolio. Several participants are focusing towards business expansion through mergers and acquisitions, which is likely to intensify the competition in the market in the near future. 

Some of the prominent companies operating in the market are Abbott Molecular, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services Inc., Bio-Rad Laboratories, Inc., Alere Inc., Dako, Siemens Healthcare, Novartis AG, Becton, Dickinson and Company, Bayer AG, Danaher Corporation,  Hologic, Inc. (Gen Probe), and Qiagen.

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After reading the Molecular Diagnostics market report, readers can:

  • Understand the drivers, restraints, opportunities and trends that impact the overall growth of the Molecular Diagnostics market.
  • Grasp the market outlook in terms of value and volume.
  • Study the strengths, weaknesses, opportunities and threats of each stakeholder operating in the Molecular Diagnostics market.
  • Learn about the manufacturing techniques of Molecular Diagnostics in brief.
  • Figure out the positive and negative factors impacting the product sales.

What kind of questions the Molecular Diagnostics market report answers?

  1. Why is region witnessing the slowest demand growth for Molecular Diagnostics ?
  2. What kind of agreements are the players entering into in the global Molecular Diagnostics market?
  3. Which sub-segment will lead the global Molecular Diagnostics market by 2029 by product?
  4. Which Molecular Diagnostics market players hold significant shares in terms of value and volume?
  5. What alternatives are consumers looking for in the global Molecular Diagnostics market?

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About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in today’s supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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This post was originally published on Business Analytics