Navigation Links
Global Molecular Diagnostics Market Expected to Reach USD 8.7 Billion through 2019: Transparency Market Research
Date:7/22/2014

Albany, New York (PRWEB) July 22, 2014

Transparency Market Research has announced the addition of a new market report based on Molecular Diagnostics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2019 in addition to their comprehensive database. This industry is considered as the most well-established and attractive market for clinical applications. It is valued at USD 8.7 billion by 2019 and expected to grow at a CAGR of 11.1% from 2013 to 2019. Molecular diagnostics is the class of diagnostic test that explores and evaluates nucleic acids or proteins at a molecular level. Our generation is furnished with some of the most realistic and innovative ideas in biotechnology which is witnessed in the form of molecular diagnostics.

Title: Molecular Diagnostics Market
Published: 6 Feb 2014
Pages: 122
Price:    US$ 4,795.00 (Single User)
For further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1783.

Since 1990 the market for molecular diagnostics has expanded and evolved profusely. With the introduction of PCR test for HIV and Chlamydia Trachomatis/Neisseria Gonorrhoeae (CT/NG), this industry comes across as tough and a science-oriented regulator. In the primitive times, the usage of molecular diagnostics was restricted due to high cost of tests and requirement of skilled professionals. Nonetheless, this was overcome by the reduction in labor cost, cost per sample analysis, introduction and development in the advanced technologies and automation systems.

Currently, molecular diagnostics constitutes a trivial section of the overall diagnostics market, but is reckoned as the fastest growing sector across the globe. By far it is approached as the fastest growing sector of the in-vitro diagnostics market. This is clearly supported by the fact as now-a-days, the molecular diagnostics tests are widely performed for testing infectious diseases such as HIV, HPV, HCV, HAI, cancer testing, genetic diseases, HLA testing, and many others. There are molecular diagnostic kits available for pharmacogenetics and blood donor screening testing processes too.

Browse the full press release: http://www.transparencymarketresearch.com/pressrelease/molecular-diagnostics-market.htm.

The first-generation amplification, fluorescent in situ hybridization (FISH), DNA probes, and second-generation biochips and micro fluidics are the technologies that comprise molecular diagnostics.

Moreover, the next-generation signal detection, molecular labels, and biosensors are handful of other influencing factors that showcases the discovery of therapeutic molecules, optimization of drug therapy, and the screening and diagnosis of patients. The next-generation sequencing is developing rapidly owing to its prompt turnaround time, low cost, reduction in cost of sequencing, high sensitivity, and convenient workflow.

Molecular diagnostics is considered as a highly evolving market due to the rise in chronic infections, increasing investments in R&D, growing geriatric population, increasing demand for personalized medicines, and R&D activities for biomarker identification equipped with emergence of new technology and applications of various tests. Molecular diagnostics test is placed in the fast lane development so that infectious diseases testing, oncology testing, genetic testing, blood screening, cardiovascular testing and other medical procedures are carried out promptly.

Request for customization of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1783.

According to the current market statistics, molecular diagnostic’s major revenue is dominated by infectious diseases that standalone captures 60% of the overall molecular diagnostic applications market share. However, the remaining one third is attributed to the blood donor screening and genetic testing procedures. The growth of this sector is also seen through the rising incidences of hospital acquired infections (HAI) that is anticipated as the fastest acquiring segment within infectious diseases. It is further expected to grow at a CAGR rate of 15.1% in the forecast period of 2013-2019. Similarly, the growing incidence of cervical cancer caused due to Human Papilloma Virus (HPV) is a noteworthy contributor to the expansion of this segment. HPV testing is augmented to rise at a CAGR of 14.8% during the same forecast period of 2013-2019. In addition, the HLA typing testing and oncology testing are also projected to grow at a rapid rate during the same forecast period.

Considering the geographical status of the molecular diagnostics market, North America and Europe capture the majority of the market share due to their investments in genomics and proteomics, and rising awareness and usage of personalized medicines. The geographical share of North America and Europe for 2012 (%) in terms of molecular diagnostics market is 42.68% and 29.79%. Nevertheless, rising patient awareness towards wellness, usage of preventive medicines, access to technological advanced medical equipment and products, and wide scale economic developments are subsequently taking places across other countries in Asia-Pacific (17.47%) and RoW (Rest of the World) (10.06%) respectively.

Contact:
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA/Canada Toll Free: 866-552-3453
Email: sales(at)transparencymarketresearch(dot)com
Web: http://www.transparencymarketresearch.com/

Read the full story at http://www.prweb.com/releases/2014/07/prweb12036303.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Ronald S. Weaver, MD, Owner of Global Cardio Care Centers, Announces EECP Treatment Success for Cardiomyopathy Patient Who Needed Heart Transplant
2. Live-Attenuated Vaccines to Dominate Dengue Vaccine Market Through 2020, Says GlobalData in Its Report Published at MarketPublishers.com
3. Elsevier conference Global Food Security honored at 2014 UK Conference Award Ceremony
4. Global and China Handpiece Industry 2009-2019 Market Research Report Now Available at LifeScienceIndustryResearch.com
5. Benzoyl Peroxide Market Analysis for Global, China Regions – 2014 Development Trends Available at DeepResearchReports.com
6. Rising Incidence of Chronic Diseases in Children Drives the Pediatric Drugs and Vaccines Market, According to an Upcoming Report by Global Industry Analysts, Inc.
7. Global Hospital Infection Therapeutics Market: Industry Analysis, Size, Share, Growth and Forecast- 2018
8. R&D Key to Peracetic Acid Market Growth Globally Says a New Research Report Available at RnRMarketResearch.com
9. KRS Global Biotechnology, Inc. Announces the Compounded Service of Nitroglycerin.
10. Global Point of Care Diagnostics Market: Industry Analysis, Size, Share, Growth and Forecast 2018
11. 2014QuinceaneraDresses.com: Beautiful Lace Quinceanera Dresses For The Global Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/28/2017)... ... March 28, 2017 , ... Revolution for Truth has ... to protect parental rights and civil liberties, and to restore transparency within government ... demonstration coincides with a press conference taking place Friday morning calling on President ...
(Date:3/28/2017)... ... March 28, 2017 , ... Medforce Technologies, Inc., ... to announce it has joined the National Association for Home Care and Hospice ... ill, disabled, and dying Americans of all ages and the caregiver who provide ...
(Date:3/28/2017)... ... March 28, 2017 , ... Z-Medica, LLC, a leading developer ... Center (UPMC) will acquire QuikClot® Bleeding Control Kits® (BCK) to equip up to ... with efforts by the American College of Surgeons, U.S. Department of Defense, Department ...
(Date:3/28/2017)... Switzerland (PRWEB) , ... March 28, 2017 , ... ... for laboratory instruments are critical to ensuring high-quality results and maintaining GMP and ... Qualification of Laboratory Instruments in accordance with GMP requirements " these requirements are ...
(Date:3/28/2017)... San Francisco, CA (PRWEB) , ... March 28, 2017 , ... ... million people suffering from acne, access to quality care can be limited while the ... skincare company that offers customized prescription acne care for every customer online, today released ...
Breaking Medicine News(10 mins):
(Date:3/27/2017)... The National University of Singapore (NUS) ... company, signed a Memorandum of Understanding (MOU) recently ... the region. Under this MOU, ... Technology (BIGHEART) at NUS and Holmusk will establish ... healthcare IT and medical device development. These include ...
(Date:3/27/2017)... 27, 2017  ImMAGE Biotherapeutics (OTCMKTS: IMMG), an early-stage ... early toxicology and efficacy studies. The company is harnessing ... specific protein, MAGE A, in an effort to find ... After 4 weeks of treatment in transgenic ... little toxicity in a full toxicology report of various ...
(Date:3/27/2017)... , March 27, 2017  Sanderling Ventures, portfolio ... Ethicon, a division of Johnson & Johnson. Torax manufactures ... the treatment of gastro-esophageal reflux disease (GERD). The ... (MSA) technology and the procedure is currently available ... Torax Medical was founded by Sanderling Ventures, ...
Breaking Medicine Technology: