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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Molecular Diagnostics Market Share
Market Segmentation Based on Application is Poised to Witness Substantial Growth
Based on application, the market oncology (breast cancer, colorectal cancer, lung cancer, prostate cancer, other cancers), pharmacogenomics, infectious diseases (hepatitis, HIV, CT/NG, hospital acquired infections (HAI), HPV, tuberculosis, influenza, other infectious diseases), genetic testing, neurological diseases, cardiovascular diseases, and microbiology, among others.
The infectious disease segment is valued at USD 9.399 billion in 2023, dominating the application market segment. Infectious diseases are ranked as one of the leading causes of mortality and morbidity globally, accounting for around 33% of deaths every year. Additionally, it is reported that almost half of the world’s population is considered at risk of emerging and re-emerging infectious diseases. Thus, the rising burden of infectious diseases propels the demand for effective molecular diagnostic solutions to facilitate early detection and appropriate interventions. Consequently, this will lead to increased molecular diagnostics market demand.
Polymerase Chain Reaction Technology to Lead the Market Share Based on Technology
The market segmentation by technologies includes polymerase chain reaction (PCR), in situ hybridization, isothermal nucleic acid amplification technology (INAAT), chips and microarrays, mass spectrometry, sequencing, and transcription mediated amplification, among others.
Polymerase chain reaction leads the segment, with the market size expected to rise from USD 16.083 billion in 2024 to USD 29.832 billion in 2032. The increasing adoption of digital PCR assays with automated and multiplexed capabilities is influencing the market dynamics. Additionally, the integration of PCR technologies in point-of-care settings and the surge in the introduction of advanced PCR products are contributing to its growing market presence.
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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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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