Molecular Diagnostics Market to Post Double-Digit CAGR through 2021, States DPI Research in Its New Report Available at MarketPublishers.com12 Jul 2016 • by Natalie Aster
LONDON – Molecular diagnostics has recently emerged as one of the biggest and most rapidly-growing sectors in the IVD industry. It is recognised as the most transformative and dynamic area of diagnostics, which leads to advances in research as well as treatment that are revolutionizing healthcare across a broad spectrum of diseases and health conditions.
The world’s market for molecular diagnostics is anticipated to exceed the value of USD 30 billion by 2021, registering a double-digit CAGR during 2016-2021. The major market growth drivers include increasing geriatric population, rising prevalence of chronic infections, surging demand for personalised medicines, emergence of novel advanced technologies, introduction of new applications, high patient awareness, favourable government support, among others.
At present, North America takes lead in the world’s molecular diagnostics market owing to rising incidence of lifestyle-associated and infectious diseases. By the year 2021, this region is likely to control a market share of over 40%.
Country-wide, China, Japan and India are predicted to see remarkable growth in molecular diagnostics market in the next 6 years.
Currently, Roche is the dominant market player; this company controls a market share of more than 30%. It is predicted to continue holding the top position in the world molecular diagnostics market through 2021. Such companies as Abbott, Becton Dickinson, Qiagen and Myriad Genetics are also expected to experience considerable growth in the upcoming years.
Cutting-edge report “Molecular Diagnostics Market – Global Industry Analysis, Size, Share, Growth Trends & Forecast to 2021” elaborated by DPI Research & Marketing Solutions offers a comprehensive assessment of the world molecular diagnostics market, provides reliable market statistics and also outlines possible future growth trends and prospects. The topical research study features the competitive scenario, reviews the performance of top market players, gives a detailed analysis of the key market growth drivers and hinders. The report explores the situation across the major geographical molecular diagnostics markets and discloses forecasts up to 2021.
Other insightful reports prepared by DPI Research are at hand in this Market Publishers’ catalogue.