Pune, India -- (SBWIRE) -- 03/24/2020 -- The global molecular diagnostics market is projected to grow with rising technological developments in molecular diagnostic techniques. These advancements are intended to offer higher accuracy, cost-effectiveness, and portability which further drives the market. This information was published by Fortune Business Insights in a report, titled "Molecular Diagnostics Market Size, Share and Global Trend By Product Type (Instruments Reagents & Consumables), Application (Infectious Disease, Blood Screening, Histology & Oncology), Technique (Hospitals Amplification, Hybridization & Sequencing Techniques), End User (Hospitals, Clinical & Pathology Labs) and Geography Forecast till 2025" offering insights on factors influencing growth. The global market covered a value of US$ 8012.7 Mn in the year 2017 and is projected to reach US$ 13873.6 Mn by 2025. As per the report, the global market is expected to garner a healthy CAGR of 7.1% throughout the forecast period.

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some of the key players in the global Molecular Diagnostics Market:

bioMérieux SA.
BD
Danaher
Grifols, S.A.
Hologic Inc.
Novartis AG
QIAGEN
Siemens Healthcare GmbH
Hoffmann-La Roche Ltd.

Infectious Diseases: The Largest Growing Segment Among Other Applications

Among applications, infectious diseases segment is expected to account for a majority of share in the global molecular diagnostic market. The scope of this segment is increasing owing to the rising number of patients suffering from infections and microbial outbreaks. Moreover, the infectious diseases segment covered a share of 60% in the year 2017. Development of tests for several diseases and rising awareness about the benefits of adopting molecular diagnostic technologies may prevent the occurrence of infectious diseases. Global organizations such as World Bank and the World Health Organization (WHO) are planning to conduct awareness programs to increase the talent pool for molecular diagnostics. Adoption of molecular diagnostic systems is rising among end-users such as clinics, hospitals, emergency centers, and pathology labs.

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Transformation in Healthcare May Lead to Innovative Molecular Diagnostic Systems

The evolution of molecular diagnosis over the years has given birth to different molecular diagnostic tests. These tests help to detect specific RNA or DNA sequences. In addition to this, they help to get an understanding if these sequences are associated with diseases or not. With the rapid transformation of healthcare, innovative molecular diagnostic tests are likely to introduce in the coming years. This will further transform the molecular biology field. Other factors driving the molecular diagnostic market are rising demand for healthcare facilities and personalized medicine. Furthermore, several favourable policies by governments with an aim to encourage care diagnosis and increase awareness about diagnostic procedures drives the market.

Table of Content

Introduction
1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

Executive Summary
Market Dynamics
3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

Key Insights
4.1 Porter's five forces analysis

4.2 Top 3 players working in market space

4.3 Key developments (Merger, Acquisitions, etc.)

4.4 Technological Advancements

Global Molecular Diagnostics Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast – By Product Type

5.2.1 Instruments

5.2.2 Reagents & Consumables

5.3. Market Analysis, Insights and Forecast – By Application

5.3.1 Infectious Disease

5.3.2 Blood Screening

5.3.3 Histology

5.3.4 Oncology

5.3.5 Others

5.4 Market Analysis, Insights and Forecast – By Technique

5.4.1 Amplification Techniques

5.4.2 Hybridization Techniques

5.4.3 Sequencing Techniques

5.4.4 Others

5.5. Market Analysis, Insights and Forecast – By End User

5.5.1 Clinical & Pathology Labs

5.5.2 Hospitals

5.5.3 Others

5.6. Market Analysis, Insights and Forecast – By Region

5.6.1 North America

5.6.2 Europe

5.6.3 Asia Pacific

5.6.4 Middle East & Africa

5.6.5 Latin America

North America Molecular Diagnostics Market Analysis, Insights and Forecast, 2014-2025
6.1. Key Findings / Summary

6.2. Market Analysis – By Product Type

6.2.1 Instruments

6.2.2 Reagents & Consumables

6.3. Market Analysis – By Application

6.3.1 Infectious Disease

6.3.2 Blood Screening

6.3.3 Histology

6.3.4 Oncology

6.3.5 Others

6.4. Market Analysis – By Technique

6.4.1 Amplification Techniques

6.4.2 Hybridization Techniques

6.4.3 Sequencing Techniques

6.4.4 Others

6.5. Market Analysis – By End User

6.5.1 Clinical & Pathology Labs

6.5.2 Hospitals

6.5.3 Others

6.6. Market Analysis – By Country

6.6.1 U.S.

6.6.2 Canada

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