COVID-19 Outbreak Drives Infectious Diseases to Witness Highest Growth and Helps Global Molecular Diagnostics Market to Touch $25 Billion by 2026 - Market Report (2019-2026) by Industry Experts, Inc.
Industry Experts, Inc. published an updated 2020 version of their market research report " Global Molecular Diagnostics Market – Technologies, Products, Applications and End-Use Sectors " with the COVID-19 influence on the market. Analysts at Industry Experts reveal that the reagents & consumables market is largest amongst the molecular diagnostics product types in 2019 estimated at US$8.2 billion. Amid COVID-19 outbreak, the global market for Molecular Diagnostics has created mixed opportunities for manufacturers all over the world. While some of the application segments, such as infectious diseases, is projected to record the highest growth during the pandemic period of 2019-2022, but other applications such as oncology etc. are estimated to face a reduction in demand during the same period. Global Molecular Diagnostics market has generated a revenue of US$10.85 billion in 2019, and is estimated to be just over US$15 billion in 2020. During 2019 to 2022 period,