Global Molecular Diagnostic
Market Report
2024
The Molecular Diagnostics Market was valued at USD 23.5 billion in 2022 and will reach USD 36.06 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Molecular Diagnostics Market was valued at USD 23.5 billion in 2022 and will reach USD 36.06 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Molecular Diagnostic Market Sales Revenue 2022 | $ 23.5 Billion |
Global Molecular Diagnostic Market Sales Revenue 2030 | $ 36.06 Billion |
Global Molecular Diagnostic Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Product |
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Market Split by Application |
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Market Split by Technology |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Molecular Diagnostic Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Molecular diagnostics is the process of collecting various techniques to analyze the biological markers in the genome and proteome. It is a laboratory procedure that helps to understand and identify a disease or its risk involved. For example, in a disease like cancer, molecular diagnostics helps in the study of DNA, RNA, and proteins in the given biological sample. Molecular diagnostics includes various tests like the polymerase chain reaction (PCR), enzyme-linked immunosorbent assay (ELISA), and Fluorescence hybridization. Molecular diagnostics finds its applications in infectious disease, oncology, genetic testing, blood screening, and others. Due to the increasing prevalence of cancer or infectious diseases and the growing technological advancements, the demand for the molecular diagnostics market is expected to grow in the upcoming years.
The rise in cancer cases causes a significant impact globally. It accounts for the mortality rate across the globe and the growing technological markets encourage physicians to emphasize greatly on its treatment and prevention. As reported by World Health Organization (WHO), it is estimated that 10 million deaths have occurred globally in 2020. However, cancer mortality is higher in underdeveloped countries due to the late detection of the cancer stage and lack of access to treatments. According to GLOBACAN 2020, the number of cancer cases was estimated to rise to 37.5 million among the population. The biomarkers in the treatment of cancer allow the identification of genes, proteins, and tumors which indirectly provides information about the type of cancer that occurred. This is also called genomic profiling. Thus, growth in the biomarkers for cancer diagnostics and treatment increases the demand for the molecular diagnostics market. Therefore, rising cancer cases enhance the adoption of the molecular diagnostics process for early detection and treatment. However, this growing awareness of cancer diagnostics integrated with technological advancements further drives the market growth of the molecular diagnostics market.
The lack of skilled professionals is a major factor in the molecular diagnostics market. Diagnostic laboratories and research institutions play a very significant role in this segment. It is important for the safety, accuracy, and timeliness of the diagnostics process. Moreover, a lack of awareness about molecular diagnostics in healthcare institutions and laboratories leads to false positive reports. Healthcare institutions need to train people about the rising technological advancements and help them to adopt these techniques for the diagnostics process. For instance, Roche launched Cobas5800, a new molecular diagnostics system that provided efficient, simplified, and timely results to laboratories and also expanded its access to effective testing and improved patient care. Thus, the lack of skilled professionals and technicians can hinder the growth of the molecular diagnostics market.
The COVID-19 pandemic had adversely affected the molecular diagnostics market. The spread of COVID-19 drastically increased the number of infectious cases. Molecular testing was carried out due to viral transmission for early detection and treatment of disease. This led to a shortage of molecular testing reagents across the globe. In the regions like emerging and low-middle-income countries, there was a huge supply issue of molecular reagents. The increasing number of COVID-19 cases highly demanded diagnostic centers for providing better access and precise diagnostic results with delivering patient care and controlling viral transmissions. Therefore, this rising necessity for diagnosis lead to a shortage of PCR instruments and reagents & kits. Thus, the molecular diagnostics market had been adversely impacted due to a lack of product and instrument supply but due to rising government initiatives the molecular diagnostics market is expected to grow during the forecasted period.
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The Cytocellfluorescence in-situ hybridization probe got certified for clinical use in the line with InVitro Diagnostics Regulation (IVDR) in Europe. This played a major role in the management of patients with hematological cancers and prenatal conditions.
The Cobas 5800 system for molecular diagnostics provided efficient, simplified, and timely results to laboratories and also expanded its access to effective testing and improved patient care. It helped the laboratories to face the challenge of increasing patient testing and reimbursement complexities.
Top Companies Market Share in Molecular Diagnostic Industry: (In no particular order of Rank)
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Globally, the Molecular Diagnostics Market based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share is dominated by North America due to the rising prevalence of cancer in this region and the increasing number of infectious diseases. As reported in the statistics, by the Government of Canada, about 229,100 people in Canada were diagnosed with cancer. The rising burden of cancer majorly needed early-stage diagnostics and treatment. According to the Centers for Diseases Control and Prevention, respiratory syncytial virus (RSV) infections had led to more than 60,000 patients hospitalized in the U.S. annually. Thus, advancement in molecular diagnosis will continue to increase the speed and precision of the test where microbial pathogens are easily identifiable. Also, the rising innovation in technologies and healthcare systems in this region has significantly enhanced modified drugs for the treatment of cancer. Hence, drives the growth of the molecular diagnostics market.
The current report Scope analyzes Molecular Diagnostic Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Molecular Diagnostic Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Molecular Diagnostic Industry growth. Molecular Diagnostic market has been segmented with the help of its Product, Application Technology, and others. Molecular Diagnostic market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The reagents segment is expected to hold the market share from the years 2023-2030
Based on product, the global molecular diagnostics market is classified into instruments, reagents, and software & services. The reagents segment is expected to hold the largest market share due to its wide application in clinical research and different therapeutic areas. Reagents are those components that analyze and generate accurate results of the sample under-diagnosis. They include specific kits for pathogen screening and infectious disease diagnosis. Due to the application of standard reagents, the molecular diagnosis process is enhanced and its efficiency is improved. For instance, Roche launched Cobas5800, a new molecular diagnostics system that provided efficient, simplified, and timely results to laboratories and also expanded its access to effective testing and improved patient care. Reagents offer specificity, higher sensitivity, and automation capabilities. They also help in the research and diagnostics of cancer and other infectious disease and are also cost-effective and easy to use. Such benefits of reagents drive the growth of the molecular diagnostic market.
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The oncology segment is expected to gain the largest market share during the forecast period.
Globally, the molecular diagnostics market based on application is classified into infectious disease, oncology, genetic testing, and blood screening. The oncology segment is expected to gain the largest market share due to the increasing prevalence of cancer. The growing technological advancements in the oncology segment encourage physicians to emphasize greatly on its treatment and prevention. As reported by World Health Organization (WHO), it is estimated that 10 million deaths have occurred globally in 2020. Hence, the rise in the prevalence of cancer cases requires personalized medicines for its treatment and diagnosis. According to GLOBACAN 2020, the number of cancer cases was estimated to rise to 37.5 million among the population. Therefore, rising cancer cases enhance the adoption of the molecular diagnostics process for early detection and treatment. However, this growing awareness of cancer diagnostics integrated with technological advancements further drives the market growth of molecular diagnosis.
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The polymerase chain reaction (PCR) segment is anticipated to witness the highest market share during the forecast period.
The molecular diagnostic market, based on the technology segment is classified into polymerase chain reaction (PCR), DNA sequencing, hybridization, isothermal nucleic acid amplification technology (INNAT), DNA microarray, and in-situ hybridization The polymerase chain reaction (PCR) segment is having the highest market share due to their higher level of amplification with the simultaneous detection of pathogen DNA. The PCR technique has a wide range of applications in the research and healthcare sectors. Moreover, the growing advancements in the automation of PCR instruments like the qRT-PCR are contributing to the increase in market share of the molecular diagnostics market. PCR finds wide scope in the DNA sequencing process and is integrally linked to drug discovery and novel drug development. The PCR market is expected to grow with the development of portable real-time PCR machines and their application in an assay for point-of-care (PoC) infectious diseases diagnostics. Therefore, the emergence of advanced technology in the PCR technique is expected to propel the market of molecular diagnostics market.
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The Global Molecular Diagnostic Market is witnessing significant growth in the near future.
In 2023, the Instruments segment accounted for noticeable share of global Molecular Diagnostic Market and is projected to experience significant growth in the near future.
The Infectious Disease segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories , Biomérieux Sa and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Instruments, Reagents, Software & Services |
Application | Infectious Disease, Oncology, Genetic Testing, Blood Screening |
Technology | Polymerase Chain Reaction (PCR), DNA Sequencing, Hybridization, Isothermal Nucleic Acid Amplification Technology (INNAT), DNA Microarray, In-Situ Hybridization |
End User | Diagnostic Laboratories, Hospitals |
List of Competitors | Abbott Laboratories, Qiagen Inc, Biomérieux Sa, Siemens Ag, Danaher Corporation, Becton Dickinson and Company, Grifols S.A, F. Hoffman La-Roche Ltd, Hologic Inc., Agilent Technologies Inc |
This chapter will help you gain GLOBAL Market Analysis of Molecular Diagnostic. Further deep in this chapter, you will be able to review Global Molecular Diagnostic Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Molecular Diagnostic market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Instruments have a significant impact on Molecular Diagnostic market? |
What are the key factors affecting the Instruments and Reagents of Molecular Diagnostic Market? |
What is the CAGR/Growth Rate of Infectious Disease during the forecast period? |
By type, which segment accounted for largest share of the global Molecular Diagnostic Market? |
Which region is expected to dominate the global Molecular Diagnostic Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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