Molecular Diagnostics Market Size, Share and Forecast 2021-2027

The global molecular diagnostics market is anticipated to grow at a considerable CAGR of 9.9% during the forecast period (2021-2027). The COVID-19 virus is mutating rapidly and till now around 24 new variants have been detected. According to scientific research, each variant has different transmissibility rates and symptoms. This virus had shaken the whole world with fear and due to this everyone wants to rush towards vaccination. This all requires a rapid increase in research and manufacturing of medicines and medical equipment which had grown the molecular diagnostics market. All governments and market players are now strictly focused on COVID-19 by cornering other diseases. Testing kits and reagents for COVID-19 diagnosis are the major products of every company in this field.

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Getinge AB had developed autoclavable and single-use bioreactors for the research and development of the COVID-19 vaccine. F. Hoffmann-La Roche Ltd. launched the Cobas SARS-CoV-2 variant test to detect spike mutations of COVID-19. PCR Biosystems Ltd. had launched the qPCRBIO Probe 1-Step Virus Detect which is ultrasensitive to detect viral RNA sequences, including COVID-19. Similarly, FUJIFILM Holdings Corp. had launched FUJIFILM COVID-19 Ag Test which is a rapid antigen test kit for COVID-19. Also, they had launched SARS-CoV-2 RT-qPCR Detection Kit Ver. 2 with SARS-CoV-2 Lysis Buffer, a pretreatment reagent through which results can be obtained in just one hour. The other market players are also working hard to be competitive in the market. The COVID-19 related products alone are bringing huge sales to all the companies involved in the market and are expected to grow more during the forecast period.

Market Coverage

· The market number available for – 2020-2027

· Base year- 2020

· Forecast period- 2021-2027

Ø Segment Covered-

· By Technology

· By Product

· By Applications

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- Becton Dickinson and Co., Abbott Laboratories, Inc., bioMérieux S.A., Bio-Rad Laboratories, Inc., Danaher Corporation, Nanopore Technologies, and others.

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Global Molecular Diagnostics Market Report Segment

By Technology

· Polymerase Chain Reaction (PCR)

· In Situ Hybridization (ISH)

· DNA Microarray

· Next-Generation Sequencing (NGS)

· Isothermal Nucleic Acid Amplification

· Other Technologies

By Product

· Testing Equipment

· Diagnostic Reagents and Kits

· Services & Software

By Applications

· Infectious Diseases (including COVID-19)

· Cancer

· Cardiovascular Disease (CVD)

· Genetic Testing

· Neurological Disease

· Other (Microbiology and Forensic Science)

Global Molecular Diagnostics Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Abbott Laboratories, Inc.

· Agilent Technologies, Inc.

· AltheaDX, Inc.

· AutoGenomics, Inc.

· Beckman Coulter, Inc.

· Becton Dickinson and Co.

· Biocartis N.V.

· bioMérieux S.A.

· Bio-Rad Laboratories, Inc.

· CareDX, Inc.

· Danaher Corp.

· ELITech Group

· Exact Science Corp.

· F. Hoffmann-La Roche, Ltd.

· Genetic Technologies, Ltd.

· GenMark Diagnostics, Inc.

· Grifols, S.A.

· Hologic, Inc.

· HTG Molecular Diagnostics, Inc.

· MDxHealth Group

· Merck KGaA

· Oxford Nanopore Technologies Ltd.

· QIAGEN GmbH

· Sequenom, Inc.

· Siemens Healthcare Pvt. Ltd.

· Source BioScience, Ltd.

· Thermo Fisher Scientific, Inc.

· Veracyte, Inc.

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