Navigation Links
Molecular Diagnostics Market: 5 Things You Need to Know
Date:6/14/2019

Molecular diagnostics segment is the fastest-growing segment within the global IVD market. The global market is estimated to be $8,760 million in 2019. Major segments that are expected to drive the growth are infectious diseases, cancer, and transplant diagnostics.

These are all broken out and forecasted as segments in Kalorama’s The World Molecular Diagnostics Market, 8th Edition.

The discovery of the structure of DNA in 1953 is one of the earliest scientific advancements that facilitated the development of molecular methods as diagnostic tools, even though it took more than 4 decades for the first tests to get commercialized. The pioneers in the molecular diagnostics field include Roche Diagnostics, Gen-Probe and Becton Dickinson. HIV and STDs were initially the most successful products. Now molecular Dx has many applications.

Kalorama Information made the following findings about the market in its report:

  • Fast Growth: The global market is forecasted to grow at a compound average growth rate (CAGR) of 8.1% to reach $12,955 million in 2024.
  • Microbiology leads: Infectious diseases diagnostics represent the largest market within, accounting for more than half of the global molecular diagnostics market.
  • Watch Reimbursements: Even though the demand for molecular diagnostic tests is growing at a high single-digit growth rate in spite of affordability concerns, reimbursement has been a major factor for this segment. This is particularly true in the case of tests for supporting drug decisions.
  • IT is Central: Molecular diagnostics market is evolving with the effective integration of information technology (IT) including various bioinformatics platforms, cloud computing and big data analysis methods. From data sharing to develop well-curated gene variations to integration of clinical insights for better outcomes, to development of automated sample-to-insight systems, only improved information technology will enable the realization of these concepts.
  • Watch NGS: Though a small segment now, we are right on the cusp of next-generation sequencing becoming an essential part of clinical decision making. Clinical usage is behing many installations and consumable purchases and have been touted by the major sequencing providers.

Kalorama Information's report is available at: https://kaloramainformation.com/product/the-world-molecular-diagnostics-market-8th-edition/

About Kalorama Information

For more than 30 years, Kalorama Information has been a leading publisher of market research in healthcare areas, including in vitro diagnostics (IVD), imaging, biotechnology, healthcare, medical devices, and pharmaceuticals.

Read the full story at https://www.prweb.com/releases/molecular_diagnostics_market_5_things_you_need_to_know/prweb16379881.htm.


'/>"/>
Source: PRWeb
Copyright©2019 Vocus, Inc.
All rights reserved


Related biology news :

1. Molecular Devices Announces the Appointment of Susan Murphy as President
2. Molecular Devices Features FLIPR 1536-well Application in High-throughput Screening in Educational Webinar
3. Molecular Diagnostics - Global Market Size, Strategy and Forecasts - 2015 to 2019
4. Report: Hologic, Abbott, Roche and Qiagen Lead Molecular Testing
5. Researchers uncover new evidence revealing molecular paths to autism
6. Elsevier announces launch of open journal: Biomolecular Detection and Quantification
7. Study examines type of exome sequencing and molecular diagnostic yield
8. Molecular probes permit doctors to detect diabetic retinopathy before vision fails
9. MARC travel awards announced for GSA: Mouse Molecular Genetics Conference
10. Kalorama Report: Sizable Number of Acquisitions and Joint Ventures in Molecular Diagnostics
11. Team determines structure of a molecular machine that targets viral DNA for destruction
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/14/2019)... Fla. (PRWEB) , ... August 14, 2019 , ... ... to broadcast 4Q/2019, will explore how developments in microbiome therapeutics are helping to ... local listings for more information. , Advancements will educate about the DECODE.DESIGN.CURE™ technology ...
(Date:8/14/2019)... ... August 14, 2019 , ... Join Jonathan Riek, PhD, VP, ... on Tuesday, September 10, 2019 at 1pm EDT to learn about two common imaging ... , NAFLD is the most common diffuse liver disease, with a worldwide prevalence ...
(Date:8/14/2019)... JOLLA, Calif. (PRWEB) , ... August 14, 2019 , ... ... insight into their future children, announces inclusion in the 38th annual Inc. 500|5000 ... been eligible to apply. To qualify, companies must have been founded and generating revenue ...
Breaking Biology News(10 mins):
(Date:8/7/2019)... ... ... Locus Agricultural Solutions (Locus AG) reports record levels of carbon sequestered in ... ® , which is pulling up to 121% more carbon into the soil than ... from the treatment of almonds, cherries, turf/sod, grapes and citrus across the U.S., as ...
(Date:8/6/2019)... ... August 06, 2019 , ... Shoreline Biome, ... the strain level, has announced partnerships with six international distributors. , The ... research organizations in Australia, Benelux, Indonesia, Korea, Malaysia, Myanmar, New Zealand, Singapore, the ...
(Date:8/6/2019)... EDWARDSVILLE, Ill. (PRWEB) , ... August 06, 2019 ... ... to Southern Illinois University Edwardsville for the launch of a community project that ... , The three-year grant supports the project, entitled “A Youth-Led Citizen Science Network ...
(Date:7/30/2019)... ... July 30, 2019 , ... ... team building and cooking events company. Not only has the company already hosted ... started offering Private Cooking Parties to its guests. , With Lajollacooks4u’s Private Cooking ...
Breaking Biology Technology: