World Molecular Diagnostics Market to Post 8.5% CAGR through 2023, States Infoholic Research in Its Report Available at MarketPublishers.com20 Sep 2017 • by Natalie Aster
LONDON – The molecular diagnostics market is stimulated by the surging prevalence of contagious diseases, rising adoption of POC testing, surging demand for biomarker-based diagnostic test, and rapid growth of the market across emerging economies. The growing importance of companion diagnostics (CDx), a hike in the number of M&A deals, and the soaring uptake of DNA probes-based diagnostics are opening up opportunities for the market’s growth. Meantime, rigid regulatory approval and dearth of qualified workers are hindering the sector’s growth.
Worldwide, the molecular diagnostics market is projected to gain good momentum registering an 8.5% CAGR through to 2023.
North America captures the key share of the molecular diagnostics market, with Europe following after. Various nations across the Americas are showing initiatives for eliminating viral hepatitis, and the diagnosis of this disease remains the main challenge. This is offering the chance for the manufacturers to increase their market presence. APAC is poised to see the most rapid growth owing to the high prevalence of contagious diseases, huge patient pool, and surging awareness. This is followed by RoW, with respect to the growth rate over the projected period.
Topical research publication “Worldwide Molecular Diagnostics Market Trends and Drivers, Restraints, and Opportunities 2017-2023” drawn up by Infoholic Research provides true, complete details about the use and adoption rate of molecular diagnostics in different therapeutic verticals and geographic regions. The study provides detailed market segmentation on the basis of application, technology, end-use sectors, and region-wise. Porter’s five forces analysis is also provided. It gives deep insights into the key trends, drivers, investments, and the initiatives of the industry players. Furthermore, the report offers an evaluation of the major challenges that have a bearing on the growth of the market. In addition, the report sheds light on the business opportunities for leading stakeholders to increase their businesses and maximise profits in these particular verticals. The research report gives an overview of the historical evolution of the market, and provides future outlook of the market through 2023. Profiles of the top players are available, too.
To find more topical market research reports visit Infoholic Research page at MarketPublishers.com.