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Molecular Diagnostics Market by Application, Oncology, Genetics, Microbiology, Technology, End User, Product & Service - Forecast to 2021

Molecular Diagnostics Market: Forecast until 2021

  • February 2017
  • 244 pages
  • ID: 4684226
In this report:
From our secondary research, we have projected the global molecular diagnostics market to be valued at approximately USD ##,## million in 2015 and is expected to register a CAGR of ##% to ##% in the forecast period.
The PCR technology segment is expected to account for the largest share of ##.##% of the global MDx market in 2016, followed by INAAT (##.##%) and hybridization (##.##%).

Summary

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The overall molecular diagnostics market is estimated to grow ~$10.1B by 2021 from ~$6.5B in 2016, at a compound annual growth rate (CAGR) of 9.10 percent from 2016 to 2021. High prevalence of infectious diseases and several types of cancer, growing awareness and acceptance of personalized medicine and companion diagnostics, increase in the biomarker identification market and advancements in molecular techniques; and reforms in the reimbursement system in the U.S.A are the main factors driving the rise of the molecular diagnostics market. Advances in genomics and proteomics, rising adoption of point-of-care testing, developing industries in Asia-Pacific including China, India (IN), Brazil (BR), Mexico (MX), and South Africa offer lucrative opportunities for actors in the sector.

The industry is mostly divided on the basis of technology, applications, products & services, end-user, and area. The main technologies studied in the study contain PCR, INAAT, microarrays, hybridization, DNA sequencing, and Next-generation sequencing, and other technologies (electrophoresis, flow cytometry, and mass spectrometry). Among these technologies, PCR is anticipated to command the biggest market share and microarray segment is anticipated to be the more significant increase segment.

By products & services, the sector is divided into instruments, reagents & kits, and services & software. The reagents & kits market is intended to account for the biggest share and more important Compound annual growth rate of the market in 2016.

The molecular diagnostics market, by application, is categorized into infectious diseases, oncology, genetics, blood screening, microbiology, and other applications (cardiovascular diseases, neurological diseases, DNA fingerprinting, tissue typing, and food pathogen detection testing). The infectious diseases segment will account for the most important share of the overall market in 2016, succeeded by the blood screening and oncology segments.

Established on final users, the industry is divided into hospital & academic laboratories, reference laboratories, and other end users (blood banks, local public health laboratories, home health agencies, nursing homes, point-of-care settings, and self-testing). As most diagnostic tests are performed in-house, the hospital & academic laboratories segment is forecasted to dominate the sector. On the other hand, newly launched, complex, and highly specialized tests are mostly offered only at a few big reference laboratories. Therefrom, the segment will grow at the quickest pace during the outlook period.

On the basis of area, North America continent is forecasted to account for the biggest share of the overall molecular diagnostics market in 2016, succeeded by Europe (EU). The increase of the North American molecular diagnostics market is mainly driven by the Elements such as the availability of government funds, increasing applications of MDx in genetic disorders and cancer screening, and ease of use of self-monitoring techniques.

Innovative product launch was the dominant strategy approved by main industry participants to rise their share of market and cater to unmet needs.

Segment Research

This market report deals with qualitative data, market value, and rise of different segments and sub-segments, opposing landscape, and company analysis. The qualitative data contains several levels of industry analysis including market dynamics (drivers, industry restraints, possibilities, and segment risks), winning imperatives, and burning issues. The analysis also provides market values and info on the increase of different segments in the sector. It focuses on emerging and the high-development segments, high-growth territories, and initiatives of governments. The competitive landscape includes increase strategies approved by sector actors in the last three years. The corporation reviews include basic views on key competitors in the molecular diagnostics market and the product types, advancements, and strategies approved by market actors to maintain and rise their market shares in the upcoming future. The abovementioned market research data, current market size, and projection of future trends will facilitate top players and new sector entrants to make the essential decisions regarding product offerings, spatial focus, change in approach, Research and development investments for modernizations in products and technologies, and levels of output to remain profitable.

Why acquiring this study can help you:

This market research highlights on several levels of analysis - industry and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the molecular diagnostics market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on products provided by the top actors in the molecular diagnostics market

• Product Development/Innovative products: In-depth understanding on the next technologies, Research&development activities, and recent product launches in the molecular diagnostics market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for molecular diagnostics products across several areas

• industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the molecular diagnostics market

• opposing assessment: In-depth assessment of market ranking, strategies, products, and manufacturing competences of the key players in the molecular diagnostics market

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