DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Molecular Diagnostics Market - Global Industry Analysis, Size, Share, Growth Trends & Forecast to 2021" report to their offering.
The global molecular diagnostics market is projected to reach more than US$ 30 Billion by 2021
The global market is mainly driven by chronic infections, growing geriatric population, increasing demand for personalized medicines, and R&D activities for biomarker identification equipped with emergence of new technology and applications. In addition, innovations in molecular diagnostics for treating cancer, government support for research and development, and high patient awareness levels are driving the growth of molecular diagnostic market
North America dominates the global market of molecular diagnostics due to increasing incidence of infectious diseases and lifestyle associated diseases. North America controls more than 40% of the market share by the year 2021. Japan, China and India is expected to show high growth rates in the next six years in molecular diagnostics market.
On the basis of application, Molecular oncology tests have emerged as a significant rapidly growing market segment. Oncology test controls nearly 25% market share by the year 2021.
Other segments such as infectious diseases test and genetic testing is poised to be remarkable expansion in the near future. Growing demand for infectious diseases and genetic tests is an opportunity for global molecular diagnostics market.
In terms of technology, Biochips/Microarrays is the fastest growing segment and is expected to boom further within the forecast period. FISH & Innovations and PCR based test is expected to grow at the highest CAGR in the coming years.
On the basis of company, Roche is the leading company with more than 30% market share in the global molecular diagnostics market and is expected to hold its strong position in the market. Becton Dickinson, Myriad Genetics, Abbott and Qiagen is expected to robust market growth in the global molecular diagnostics market.
The following application segments of the molecular diagnostics market are detailed with size and six year forecast.
- Infectious Disease Testing
- Cardiovascular Disease Testing
- Oncology Testing
- Neurological Disorders Testing
- Food Pathogen Detection Testing
- Genetic Testing
- Blood Screening
- Tissue Typing (HLA Testing)
- Others Molecular Testing
Furthermore, the following technology segments of the molecular diagnostics market are detailed with size and six year forecast.
- PCR Based Test
- PCR Related Technologies
- Non-PCR Test
- Fish & Innovations Testing
- Molecular Imaging
- Other Technologies
The following companies of the molecular diagnostics market are detailed with size and six year forecast.
- Abbott Laboratories
- Myriad Genetics
- Becton Dickinson
- Other Companies
For more information about this report visit http://www.researchandmarkets.com/research/ltxwmm/molecular