Molecular Diagnostics Market to reach $10bn by 2023

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U.S. Molecular Diagnostics Market share to
surpass USD 4 billion by 2023Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Molecular Diagnostics Market

• Global Molecular Diagnostics Market size is
  driven by increasing geriatric population and
  associated rise in chronic disease prevalence.
  According to UN estimates, population with more
  than 65 years of age should witness substantial
  increase from 901 million in 2015 to 2.1 billion
  by 2050.
• Emergence of technologically advanced diagnostic
  products should offer promising market growth
  opportunities for industry players. Furthermore,
  growing demand for point of care diagnostics
  (PoC) will accelerate molecular diagnostics
  market growth.
• Growing adoption of personalized medicines and
  companion diagnostics, improved acceptance of
  diagnostic devices by healthcare practitioners,
  and increasing research funding to conduct
  medical diagnostics clinical studies, should
  propel growth.
• HPV is anticipated to expand at impressive 9.8
  CAGR from 2016 to 2023. Growing HPV prevalence
  should provide lucrative market expansion
  opportunities to industry participants. As per
  CDC, around 79 million people are infected with
  HPV in the U.S. alone.

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Continued...

• PCR held more than 45 of molecular diagnostics
  market share in 2016. Emergence of new
  technologies such as genetic sequencing and
  in-situ hybridization should hinder growth over
  the forecast period.
• U.S. molecular diagnostics market size should
  surpass USD 4 billion by 2023 owing to improved
  healthcare infrastructure, high technology
  adoption and increased patient awareness
  regarding early disease diagnosis.
• India molecular diagnostics market size should
  manifest robust growth attributed to huge patient
  numbers suffering from infectious diseases,
  effective preventive healthcare policies, rapid
  economic development and improvement in
  healthcare infrastructure throughout the country.
• Key industry participants include Alere, Abbott
  Laboratories, Becton Dickinson, Bayer Healthcare,
  Bio-Rad Laboratories, bioMerieux, Cepheid, Dako,
  Hologic (Gen Probe), Danaher Corporation, Johnson
  Johnson, Qiagen, Novartis (Grifols), Siemens
  Healthcare, Roche Diagnostics and Sysmex.

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Germany Molecular diagnostics market size, by
technology, 2012-2023 (USD Million)

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