The molecular diagnostic market is expected to develop at a compound annual growth rate (CAGR) of 9.6% from 2025 to 2035, from its estimated valuation of USD 18.29 billion in 2024 to USD 50.13 billion by that time. Numerous medical fields, such as infectious illness, cancer, genetic disorders, and customized therapy, depend on it.

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GROWTH DRIVERS

The growing global burden of infectious diseases like HIV, TB, and other viral infections, as well as the rising incidence of chronic problems like cancer, cardiovascular disease, and neurological disorders, are the main factors propelling the molecular diagnostics market. Early diagnosis, successful treatment, and illness management all depend on the quick and precise identification of pathogens and disease biomarkers made possible by the application of molecular diagnostic tools. The World Health Organization (WHO) reports that cancer is the second greatest cause of death globally, while infectious diseases continue to rank among the top causes of morbidity and mortality, particularly in poorer countries.

The market is expanding dramatically as a result of ongoing technological developments. Diagnostic analysis is becoming faster, more sensitive, and more specific thanks to advancements in techniques like digital PCR, next-generation sequencing (NGS), in situ hybridization (ISH), and isothermal nucleic acid amplification technology (INAAT). For example, digital PCR offers greater sensitivity and precision than classical PCR, making it possible to detect uncommon mutations and less residual disease.

MARKET SEGMENTATION:

By Product -

·         Reagents & Kits

·         Instruments

·         Consumable and Accessories

·         Software and Services

By Test Type –

·         Lab Test

·         POC Test

·         Home-Based/OTC Test 

By Sample Type –

·         Blood, Serum, and Plasma

·         Urine

·         Other Sample Types (Saliva, Tissue, And Swabs)

By Technology –

·         Polymerase Chain Reaction

·         Isothermal Nucleic Acid Amplification

·         DNA Sequencing & Next-Generation Se

·         In Situ Hybridization

·         DNA Microarrays

·         Other Technologies

By Application –

·         Infectious Disease Diagnostics

o   Hepatitis

§  Hepatitis B

§  Hepatitis C

§  Other Hepatitis Diseases

o   HIV

o   CT/NG

o   HAI

o   HPV

o   Tuberculosis

o   Influenza

o   Other Infectious Diseases

·         Oncology Testing

o   Breast Cancer

o   Colorectal Cancer

o   Lung Cancer

o   Prostate Cancer

o   Other Cancer Types

·         Genetic Testing

·         Other Applications

By End User –

·         Diagnostic Laboratories

·         Hospitals & Clinics

·         Academic & Research Institutes 

·         Blood Banks 

·         Other End Users

By Region -

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Key Players:

·         Danaher Corporation

·         F. Hoffmann-La Roche Ltd.

·         Illumina, Inc.

·         bioMérieux

·         Hologic, Inc.

·         QIAGEN N.V.

·         Thermo Fisher Scientific Inc.

·         Siemens Healthineers AG

·         Abbott

·         Revvity, Inc.

·         Other Key & Niche Players

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