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Molecular Diagnostics Market Size

  • Report ID: GMI434
  • Published Date: Apr 2023
  • Report Format: PDF

Molecular Diagnostics Market Size

Molecular Diagnostics Market size was worth USD 25 billion in 2022 and is projected to record more than 3.5% CAGR from 2023-2032. Increasing awareness regarding early disease diagnostics will accelerate industry growth.

 

Molecular Diagnostics Market

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The market for point of care molecular diagnostics is likely to surpass USD 90 billion by 2032. Growing awareness regarding early disease diagnosis and advancements in automated technologies are expected to positively influence market outlook. New-generation diagnostic solutions are offering superior levels of accuracy, convenience of use, and portability enabling early detection of an array of infectious diseases. With the rising prevalence of infectious diseases and chronic illnesses such as cancer, molecular diagnosis has emerged as a vital tool in disease management and therapy. Furthermore, the growing emphasis on precision medicine is encouraging manufacturers to design high-performance testing solutions.

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for molecular diagnostics was worth USD 25 billion in 2022 and is anticipated to record a 3.5% CAGR from 2023-2032.

Hospitals & clinics is anticipated to exhibit a 3.5% CAGR between 2023 and 2032 driven by the increasing R&D collaborations and new research facilities.

North America molecular diagnostics market size is slated to exceed USD 15 billion by 2032 owing to a surge in infectious disease cases and novel outbreaks in the region.

Biocartis, bioMerieux SA., Hologic Inc, Illumina, Inc, Qiagen, Siemens Healthineers, and Sysmex Corporation are some of the leading players in the market.

Molecular Diagnostics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 445
  • Countries covered: 33
  • Pages: 263
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