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Increasing Molecular Level Understanding of Disease State & Metabolism Drives the Molecular Diagnostics Market, According to New Report by Global Industry Analysts, Inc.
Date:7/24/2014

San Jose, California (PRWEB) July 24, 2014

Follow us on LinkedIn – Molecular diagnosis represents a rapidly expanding sector in the in-vitro diagnostics market. Recent advances in DNA probes, biochips, specimen collection devices, new detection technologies, computers, and automation have enabled development of diagnostics high on sensitivity, versatility, and speed. In addition to disease diagnosis, molecular diagnostics are increasingly being embraced for its benefits in patient stratification, drug regimen selection, therapeutic monitoring, and toxicity management. Molecular diagnostics are also increasingly being developed for applications in pre-implantation screening, genetic testing, neurological testing, blood screening, organ transplant testing, food pathogen testing, paternity testing, forensic testing, cardiovascular disease testing, tissue typing testing, and oncology testing. Genetic testing enables identification of cancer and subsequently enables physicians to decide the most appropriate and specific treatment for patients. Genomic assays are likely to emerge as a major driving force in the market. Molecular diagnostics play an instrumental role in personalized medicine, which is set to revolutionize the healthcare industry. Given the rapid advancements in proteomics, metabolomics, genomics, and molecular biology, a personalized approach to medical care is gaining increased prominence.

With demand for molecular diagnostics largely reliant on the level of healthcare spending, increasing healthcare expenditure, especially in developing countries like China, bodes well for the market. Demand for molecular diagnostics and gene detection products is also determined by the volume of tests performed i
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