Molecular Diagnostics Market to Surpass US$ 20,673.2 Million by 2025

Molecular Diagnostics Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2017-2025

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REPORT DESCRIPTION Molecular Diagnostics Market – Overview Molecular diagnostics tests are used for detecting disturbance between specific sequences in DNA or RNA, which may be associated with disease. The disturbance between a single nucleotide polymorphism (SNP), deletions, rearrangements, insertions, and others factors lead to various diseases. Disease that are diagnosed by using molecular diagnostic test includes infectious diseases, oncology, virology, and STDs. Increasing incidence and prevalence of infectious disease and cancer is expected to be a major factor for growth of the market over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2015, around 5,251 deaths were reported due to influenza infection in the U.S. Furthermore, according to a National Cancer Institute, 2016, an estimated 16.8 million new cases of cancer were diagnosed in the U.S. with an estimated 595,690 deaths from the disease. The number of people with cancer is expected to rise to 19 million by 2024.

Molecular diagnostics also helps in providing precision medicine, due to capability of detecting specific disease.

Therefore, various governments are focusing on initiatives in precision medicine, which is expected to foster growth of the molecular diagnostics market in the near future. For instance, in 2015, the U.S. government launched Precision Medicine Initiative (PMI), to increase awareness regarding advancement in the precision medicine field. Š Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Molecular Diagnostics Market Taxonomy:

By Product Type: ●

Reagents & Kits (Consumables)

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Instruments

By Application: ●

Oncology

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Genetic Testing

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Microbiology

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Blood Screening

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Virology

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REPORT DESCRIPTION Molecular Diagnostics Market: Key Players ●

Hologic,Inc.

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Grifols, S.A.

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Abbott Laboratories.

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Qiagen N.V.

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F. Hoffmann-La Roche Ltd.

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Siemens Healthineers.

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Becton.

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Dickinson and Company.

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Beckman Coulter, Inc.

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