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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Molecular Diagnostics Market Growth Drivers
Continuous Advancements in Molecular Diagnostic Technologies Support Market Growth
The market is further expected to experience continuous advancements and innovation to enhance the existing molecular diagnostic technologies such as nucleic acid detection in various diagnostic settings in the early detection of diseases. For instance, Changchun Liu, professor of Biomedical Engineering at UConn Health, has developed a new method that improves existing diagnostic technology for a more rapid, sensitive, and deployable approach to molecular diagnostics. The research discovered new potential for simple and sensitive nucleic acid detection in various diagnostic settings, including early cancer diagnostics and infectious disease detection using new and improved clustered regularly interspaced short palindromic repeats (CRISPR) technology. Such research efforts aimed at improving the capabilities of molecular diagnostic tests are expected to elevate the market value in the forecast period.
Strategic Collaborations to Meet Rising Molecular Diagnostics Market Demand
The market for molecular diagnostics is one of the fastest-growing markets in the healthcare sector. The increasing awareness about the potential of early diagnosis and personalized medicine/treatments is collectively contributing to the market growth. For instance, in January 2023, Alveo signed a Memorandum of Understanding (MOU) with the Barbados Investment and Development Corporation (Export Barbados (BIDC)) to co-develop its novel molecular sensing platform, while contributing to the growth of the life sciences industry in the Caribbean nation. Such collaborations are anticipated to expand the market reach while sharing assets to co-develop novel solutions in the molecular diagnostics market.
Molecular Diagnostics Market Report Snapshots
Molecular Diagnostics Market Size
Molecular Diagnostics Market Growth
Molecular Diagnostics Market Trends
Molecular Diagnostics Market Share
Molecular Diagnostics Regional Analysis
Molecular Diagnostics Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Australia
63 Fiona Drive, Tamworth, NSW
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124