Global Molecular Diagnostics Market is likely to surpass US$ 22.5 Billion by the end of year 2025

in #molecular27 days ago

According to the latest report by Renub Research, titled "Molecular Diagnostics Market Share & Global Forecast, By Application, Technology, End User, Regions, Companies" The molecular diagnostic is a combination of various techniques, which are used to determine the biological markers in the field of proteome and genome. Through molecular diagnostics genetic code of any individual and analysis of their cells is known as how they express genes as proteins by molecular biology to testing in medical science. Technologies which are used in molecular diagnostics are PCR, Transcription-Mediated Amplification (TMA), Hybridiazation (In-situ Hybridiazation & FISH), DNA Sequencing & NGS, and Microarray.

With the use of molecular diagnostics monitoring individual patients for disease, detecting risks and selecting best therapy which suits the patient are possible. Molecular diagnostics is also helpful in personalized medicine by detailed analysis of specific patients and disease from he or she is suffering from.

Some of the diseases which are detected through molecular diagnostics are Infectious Diseases, Blood Screening, Oncology, Genetic Testing, HLA (Tissue Typing), Microbiology, Cardiovascular Diseases, Neurological Diseases, and Pharmacogenomics. Awareness for disease diagnostics initiated by multiple organizations such as the World Health Organization and World Bank are encouraging patients to adopt molecular diagnostics to prevent diseases.

The Global Molecular Diagnostics Market is growing year on year, according to Renub Research analysis, this market is expected to surpass USD 22.5 Billion by the end of the year 2025. This growth for molecular diagnostics market is due to an increase in the number of cancer patients, development and innovation in medical science and heavy investment by healthcare companies in the field of molecular diagnostics. Other reasons are increasing per capita healthcare expenditure in developing and developed countries, the accuracy of molecular diagnostics, increasing popularity of personalized medicine, the rapid increase in the cases of a genetic disorder and growing population of neurological and cardiovascular patients.

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Market Insight by Application

The report provides comprehensive analysis of molecular diagnostic test market by application into ten parts: Infectious Diseases, Genetic Testing, Blood Screening, Oncology, HLA (Tissue Typing), Microbiology, Neurological Diseases, Pharmacogenomics, Cardiovascular Diseases, and Others. This report also provides key opportunities market and specific factors are given by each application market.

Market Insight by Technology

Here the market is fragmented into six parts; PCR, Transcription-Mediated Amplification (TMA), Hybridiazation (In-situ Hybridiazation & FISH), DNA Sequencing & NGS, Microarray and Others. Besides, many factors are analyzed that influence the growth, challenges and opportunities of market in technological context.

Market Insight by End User

The report provides complete insight of market by End User segments: Hospitals & Academic Laboratories, Clinics & Commercial Laboratories and Others. According to Renub Research Analysis, Hospitals & Academic Laboratories will hold the largest market in global molecular diagnostic test market in forecast period of time.

Market Insight by Regions

This report covers the complete regional profile by 10 geographical market; United States, Europe, India, China, Japan, Brazil, South Korea, Mexico, Russia and Rest of World (ROW).

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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