Monday, April 25th, 2016 - ReportsnReports adds Global Molecular Diagnostics Market 2016-2020 latest research report, analysts forecast global molecular diagnostics market to grow at a CAGR of 10.38% during the period 2016-2020. Advances in nanotechnology and genomics have led to the development of nano-platform-based theranostics, which combines therapeutics with diagnostics and provides personalized medicine. It uses the person's genotype for the selection of medication. It helps determine whether a certain disease is likely to respond positively to a particular treatment. Theranostics is an emerging segment in the field of IVD, with many players focusing on R&D in this segment, as it provides an opportunity to combat cancer and many other diseases.

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According to the Molecular Diagnostics market report, cancer, a leading cause of death worldwide, can be detected early with the help of molecular diagnostic tests and is, therefore, the primary growth driver for this market. The use of molecular diagnostics will help to reduce healthcare costs for patients by avoiding unnecessary chemotherapy, medical care, and drugs. It can also be used to detect cancer biomarkers, which in turn will help to improve the survival rate of patients. The ability of molecular diagnostics to validate cancer biomarkers and improve patient care will lead to the growth of this market during the predicted period.

Segmentation by type of tests and analysis of the molecular diagnostics market

Infectious disease


Blood screening


Tissue typing

In this segmentation analysis, analysts have estimated the infectious disease segment to account for a market share of more than 42% during the predicted period. Eminent factors such as the emergence of infectious diseases, especially multidrug-resistant strains and new strains of HIV and H1N1, development of new technologies, and the shift of these tests from the laboratory environment to POC settings will lead to the growth of the molecular diagnostics market for infectious diseases.

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In terms of geography,  the Americas dominated this market in 2015 and is anticipated to grow at a CAGR of around 12% during the forecast period. Factors such as the increasing adoption of the POCT molecular diagnostics technology, the launch of disease-specific products, advancements in technologies for the procurement of effective and efficient results at low costs will aid in the growth of the molecular diagnostics market in the Americas until 2020.

This market is dynamic due to the presence of intense competition from large well-established market players such as Roche Diagnostics, Abbott Diagnostics, and bioMerieux. To survive in this market, these players have to focus on large commercial laboratories and hospitals as it will help them to bolster their hold over the market. The vendors that have the capability to develop high-end technologies to address the market demand for cost-effective, simple products will have a competitive edge over their rivals.

Key players in the global molecular diagnostics market: Abbott Laboratories, Hologic Inc., Qiagen, Roche Diagnostics (a division of F. Hoffmann-La Roche Ltd.), and Siemens Healthcare GmbH.

Other Prominent Vendors in the market are: AsuraGen, Ahram Biosystem, Analytik Jena, BD, Bio-Rad, EKF Molecular Diagnostics, EMD Millipore, HTG Molecular, InBios International, Maxim Biomedical, Mindray, Myriad Genetics, Ortho Clinical Diagnostics, Ras Lifesciences, Trivitron Healthcare, and ThermoFisher Scientific.

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Molecular Diagnostics Market, Molecular Diagnostics Industry, Global Molecular Diagnostics Market, Molecular Diagnostics Market 2016, Market Research Reports




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