Molecular Diagnostics Market revenue to reach $10bn by 2023

1
Molecular Diagnostics Market Global Industry
Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2015 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
www.fractovia.org
2
Key Insights of Molecular Diagnostics Market

• Molecular diagnosis helps in timely detection of
  severe infectious diseases, genetic diseases and
  detection of cancer at an early stage.
  Expenditure on healthcare products and its
  awareness has been the reason for growing demand
  in the industry.
• As per the WHO (World Health Organization), an
  increase in elderly population who are suffering
  with common occurrences of infectious ailments is
  anticipated to grow by 8 by the year 2050.
  Furthermore, as per the reports by CDC (Centers
  for Disease Control and Prevention, every year
  roughly 19 million people are infected by STD
  (sexually transmitted diseases) ranging in the
  age group of 15 to 25 years of age.
• In the year 2015, the Molecular diagnostics
  market was conquered by STD (sexually transmitted
  diseases) by generating revenue up to USD 1
  billion, followed by HIV. The HPV market is
  expected to grow over 9.8 CAGR in the coming
  years. Hence the market is witnessing upsurge in
  the number of clinical studies and research
  conducted every year, which has eventually
  accelerated the creation and demand for new
  medicines.

www.fractovia.org
3
Continued

• The United States is projected to be the largest
  market in the segment of the market which is also
  foreseeing a grown of USD 402 billion by the
  year 2023. Attributing factors are high awareness
  levels amongst the patients, high research
  development resulting in drug discovery and
  healthcare infrastructure.
• The molecular diagnostics market in Asia Pacific
  region is expected to grow by 16 of global
  revenue by 2023, followed by China India
  displaying strong infrastructure and promotion of
  preventive healthcare treatments. Malaysia is
  probably coming up as a rewarding market in the
  coming years in the field of modern molecular
  diagnostic tools, planned for a CAGR growth over
  11 in the coming years.
• Molecular diagnostics market share of 40 was
  acquired by Abbott Laboratories, Danaher
  Corporation and Roche Diagnostics in the year
  2015. Other active players in the market are
  Bayer Healthcare, Novartis, and Siemens
  Healthcare amongst others. Sedentary lifestyle,
  decreased immunity levels and lack of awareness
  gives rise to the patient base resulting in the
  growth in the market. Methods of prevention of
  epidemics and its medicines is the platform for
  the economic growth of this market.

www.fractovia.org
4
www.fractovia.org
5

Browse Full Market Research Report Molecular
Diagnostics Market _at_ http//bit.ly/2iZqJun
Request for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/109

www.fractovia.org
6
Stay In Touch Website https//www.fractovia.org
Social Media
www.fractovia.org