A new report from Industry Experts, Inc. on "Molecular Diagnostics Market" is introduced. According the report, the market is poised for a robust expansion over the 2024-2030 forecast period, with a projected CAGR of 10% in value. The market is expected to reach about US$32 billion by 2030, up from an estimated US$18 billion in 2024.The Reagents and Kits segment dominates the molecular diagnostics market, capturing an estimated 61.3% share in 2024, attributed to their extensive application in testing for infectious diseases, oncology, and genetic diagnostics. Their shorter replacement cycles, flexibility, and vital role in molecular testing ensure consistent demand. Innovations in assay development, increasing awareness for early disease detection, and increased healthcare integration further boost their adoption. Conversely, the Instruments segment is anticipated to record the fastest CAGR of 11.7% from 2024 to 2030, driven by the increasing demand for advanced equipment like PCR machines, NGS systems, and mass spectrometers.
The report analyzes the market for Molecular Diagnostics market, globally, covering all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), Rest of World (Brazil, Argentina, Israel, and Other Rest of World Countries).
This study examines the global market for Molecular Diagnostics with respect to Product Type - Reagents and Kits, Instruments and Software & Services; Technology - Polymerase Chain Reaction (PCR), DNA Sequencing & Next-Generation Sequencing (NGS), Isothermal Nucleic Acid Amplification (INAAT), In Situ Hybridization (ISH), DNA Microarrays and Other Technologies (Including Mass Spectrometry (MS), Transcription Mediated Amplification (TMA), CRISPR-based Diagnostics, and Nanotechnology); Application - Infectious Disease Diagnostics, Oncology Testing, Genetic Testing, Pharmacogenomics, Neurological Disorders Diagnostics, Cardiovascular Disease Diagnostics and Other Applications (Including Reproductive Health & Prenatal Testing, Transplant Diagnostics, Microbiome Analysis, Autoimmune Disease Diagnostics, and others); and End-User Facility - Hospitals and Clinics, Diagnostics Laboratories and Other End-Users (Including Research Institutes & Academic Institutions, Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROs), and Blood Banks).
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