Molecular Diagnostics Market Is Estimated To Rise In The Near Future 2021 - 2028

Molecular Diagnostics Market Insights:

In a recent research report by Market Research Community, the Molecular Diagnostics Market is expected to surpass USD 30.63 Billion by the year 2028, from USD 17.7 Billion in 2021.

The Molecular Diagnostics Market Share is projected to grow at a significant pace reaching a CAGR of approximately 7.99%, over the forecast period of 2021–2028, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.

Molecular diagnostics is a type of medical testing that uses techniques from molecular biology to identify specific DNA and RNA sequences in a patient's sample. This can include blood, saliva, or tissue samples. These tests can be used to detect genetic mutations, genetic predispositions to certain diseases, and to help identify the presence of infectious pathogens.

Molecular diagnostics are becoming increasingly important in the field of medicine, as they can provide more detailed information about a patient's health status than traditional diagnostic methods. They are used in a wide range of applications, including cancer diagnostics, genetic testing, and infectious disease testing. The market for molecular diagnostics is expected to grow in the coming years as the technology continues to advance and the demand for more accurate and personalized medical testing increases.

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The study is consolidated into major segments and further into sub-segments, such as By Product Type (Kits, Instruments, Reagents), By Test Type (Point-of-care (PoC), Lab), By Technology (Transcription Mediated Amplification(TMA), In Situ Hybridization(ISH), Polymerase chain reaction (PCR), Isothermal Nucleic Acid Amplification Technology(INAAT)), By Application (Oncology, Genetic Testing, Infectious) By End-User (Hospitals, Diagnostic Labs), to forecast the market size by value.

By Product Type

· Kits, Instruments, Reagents

By Test Type

· Point-of-care (PoC), Lab

By Technology

· Transcription Mediated Amplification(TMA), In Situ Hybridization(ISH), Polymerase chain reaction (PCR), Isothermal Nucleic Acid Amplification Technology(INAAT)

By Application

· Oncology, Genetic Testing, Infectious

By End-User

· Hospitals, Diagnostic Labs

Molecular Diagnostics Market Includes Key Players:

· S. Stem Cell, Inc.

· BrainStorm Cell Therapeutics, Inc.

· Cytori Therapeutics, Inc.

· Osiris Therapeutics, Inc.

· STEMCELL Technologies, Inc.

· Astellas Pharma, Inc.

· Cellular Engineering Technologies, Inc.

· BioTime, Inc.

· Takara Bio, Inc.

· Caladrius Biosciences, Inc.

Molecular Diagnostics Market Opportunities, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.

By Region

• Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

• Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

• North America– (U.S., Canada, Mexico)

• Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

• Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

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