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Showing posts with the label molecular diagnostics market

Global Polymerase Chain Reaction (PCR) Market to Reach US$24.7 Billion by 2032, Driven by Expanding Molecular Diagnostics Applications

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The global Polymerase Chain Reaction (PCR) market is expected to grow from US$15.1 billion in 2025 to US$24.7 billion by 2032, registering a CAGR of 7.2% during the forecast period, according to a new market research report from Industry Experts, Inc.. The market continues to benefit from the increasing importance of molecular testing across healthcare, biotechnology, academic research, and pharmaceutical applications. PCR technology has become one of the most widely adopted molecular analysis tools due to its ability to rapidly and accurately amplify genetic material for detection and analysis. Its broad applicability across infectious disease testing, oncology diagnostics, genetic screening, and life sciences research has positioned PCR as a foundational technology within modern laboratory workflows. As per this new global market research report, Reagents & Consumables account for the largest share of the PCR market and are expected to maintain their leadership th...

Global Market for Molecular Diagnostics is Projected to Touch $32 billion by 2030 Driven by Demand for Early Detection of Disease and Need for Personalized Treatment

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A new report from Industry Experts, Inc. on " Molecular Diagnostics Market " is introduced. According the report, the market is poised for a robust expansion over the 2024-2030 forecast period, with a projected CAGR of 10% in value. The market is expected to reach about US$32 billion by 2030, up from an estimated US$18 billion in 2024. The molecular diagnostics market is growing rapidly, driven by a growing need for faster and more accurate disease detection. With the increasing number of infectious diseases like HIV, tuberculosis, and respiratory infections, healthcare providers rely on molecular tests to quickly identify pathogens and guide treatment. Cancer diagnostics is another major driver, as these tests help detect genetic mutations like BRCA1/2, EGFR, and KRAS, allowing doctors to create personalized treatment plans. Progress in PCR, Next-Generation Sequencing (NGS), and DNA Microarrays made testing more accurate, inexpensive, and widely available. Gove...

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.

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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, ...

Growing Prevalence of Genetic Disorders and Growth Driven by Hospitals & Diagnostic Labs, Global Molecular Diagnostics Market is projected to Touch $20 Billion by 2024 - Market Report (2017-2024) by Industry Experts, Inc.

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Industry Experts, Inc. published the new market research report " Global Molecular Diagnostics Market – Technologies, Products, Applications and End-Use Sectors ". Analysts at Industry Experts reveal that the reagents & consumables market is largest amongst the molecular diagnostics product types in 2018 estimated at US$7.1 billion. Emergence of novel next generation sequencing technologies, extensive use of next generation sequencing technologies in clinical diagnostics, application of sequencing technologies in cancer to detect mutations are some of the factors fueling the growth of sequencing technologies usage in the molecular diagnostics field. Growing prevalence of genetic disorders, rising demand for personalized medicine etc., are some of the factors attributed to the fastest growth nature of molecular diagnostics applications in Genetic testing. The market for Molecular Diagnostics applications analyzed in this study includes Infectious Diseases, Oncology, ...