Global Molecular Diagnostics Market poised to grow beyond USD 9.9billion by 2021
Infinium Global Research has undertaken a new report on Global Molecular Diagnostics Market: Trends Analysis and Forecast 2021. The report presents analysis global as well as regional markets of Molecular Diagnostics over the period of 2015 to 2021 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2016 to 2021.
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Molecular diagnostics helps in the early detection of cancer, genetic disorders, and other infectious diseases.New technology has enabled instruments to offer fast and accurate test results. This ability of the diagnostic tool has resulted in a rapid rise in penetration levels especially, in the point of care facilities. Molecular diagnostics has also given rise to the concept of personalized medicine.Growing prevalence of infectious diseases and hospital acquired infections are expected to drive market growth during the forecast period.Increasing demand for point of care facilities boosts the molecular diagnostics industry growth majorly due to rising demand for quick and remote healthcare delivery.
The introduction of favorable regulatory initiatives aimed at promoting a point of care diagnosis over other forms is expected to serve the market as a high impact rendering driver. For instance, the introduction of Clinical Laboratory Improvement Amendments (CLIA) in the U.S. is expected to boost usage rates during the forecast period.Moreover,growing geriatric population base leads to increase in demand for molecular diagnostic tools. According to the estimates published by the WHO, the global population base within the age group of 65 years and above is estimated to rise up to 16% by 2050.Growing geriatric population base in Asian countries such as China has large untapped opportunities in terms of healthcare, which is expected to drive market growth during the forecast period.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of Molecular Diagnostics. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the Molecular Diagnosticsthat will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
Major players operating in the molecular diagnostics market are Roche Diagnostics (U.S.), QIAGEN N.V. (Netherlands), Hologic Inc. (U.S.), Grifols (Spain), Abbott Laboratories (U.S.), Siemens Healthcare (Germany), Becton, Dickinson and Company (U.S.), Beckman Coulter Inc. (U.S.), bioMérieux SA (France), and Cepheid Inc. (U.S.).
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