The global market for infectious disease molecular diagnostics witnessed a surge in demand in 2022, reaching an estimated value of US$ 35 billion. This momentum is expected to continue, with the market projected to grow at a healthy Compound Annual Growth Rate (CAGR) of 4.2% over the next decade, reaching an estimated US$ 53 billion by 2032.
Traditionally, identifying infectious diseases relied heavily on cumbersome techniques like virus cultivation. However, the landscape is undergoing a significant transformation. Developers are actively leveraging groundbreaking discoveries across various scientific fields to create innovative solutions. In this dynamic environment, molecular diagnostics has emerged as one of the fastest-growing sectors, spearheading the charge towards more efficient and accurate infectious disease identification.
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This highlights the significant growth potential within the infectious disease molecular diagnostics market, driven by:
- Rising demand: The increasing prevalence of infectious diseases, coupled with growing awareness and improved healthcare infrastructure, are fueling the demand for reliable diagnostic tools.
- Technological advancements: Continuous advancements in various scientific disciplines, including genomics and molecular biology, are paving the way for the development of novel and highly precise diagnostic techniques.
- Shifting paradigms: The shift away from traditional, time-consuming methods towards faster and more accurate molecular diagnostics is creating a significant market opportunity.
This positive outlook indicates that the future of infectious disease diagnosis holds immense promise. As the market continues to evolve, we can expect to see even more innovative and effective molecular diagnostic solutions emerge, revolutionizing the way we identify and combat infectious diseases.
Infectious Diseases Molecular Diagnostics Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Infectious Diseases Molecular Diagnostics market. Competitive information detailed in the Infectious Diseases Molecular Diagnostics market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Infectious Diseases Molecular Diagnostics market report.
Key players covered in the report include:
- Abbott
- Danaher Corporation
- bioMérieux SA
- F. Hoffmann-La Roche Ltd
- Bio-Rad Laboratories, Inc.
- Agilent Technologies, Inc.
- Becton, Dickinson, and Company
- Hologic, Inc. (Gen-Probe)
- Illumina, Inc.
- Grifols S.A.
- Qiagen
- Siemens Healthineers AG
- Sysmex Corporation
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Infectious Diseases Molecular Diagnostics Market: Segmentation
Valuable information covered in the FMI’s Infectious Diseases Molecular Diagnostics market report has been segregated into key segments and sub-segments.
By Technology:
- Polymerase chain reaction (PCR)
- In Situ Hybridization
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Chips and Microarrays
- Mass Spectrometry
- Sequencing
- Others
By Product Type:
- Instruments
- Reagents
- Services
By End Use:
- Hospitals
- Clinics
- Diagnostics Laboratories
- Research Institutes
By Application:
- Respiratory Diseases
- Tuberculosis
- Meningitis
- Gastrointestinal Tract Infections
- HPV
- Sexually Transmitted Infections
- Sepsis
- Drug Resistance Diseases
- Other Infectious Diseases
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