Molecular Diagnostics Devices and Equipment Market size is estimated to be USD 12.5 Billion in 2024 and is expected to reach USD 25.3 Billion by 2033 at a CAGR of 8.6% from 2026 to 2033.
In 2022, the global molecular diagnostics devices and equipment market was valued at approximately $27.65 billion, with a compound annual growth rate (CAGR) of 11.5% from the previous year. Asia Pacific emerged as the largest regional market, accounting for a significant share of the global market. This dominance is attributed to the regions large population base, increasing prevalence of infectious diseases, and growing investments in healthcare infrastructure. North America and Western Europe followed, driven by advanced healthcare systems and high adoption rates of innovative diagnostic technologies. The market is poised for substantial growth due to several factors. The rising incidence of bacterial and viral epidemics has heightened the demand for early and accurate diagnostic methods. Technological advancements, such as the development of automated solutions and nanotechnology based tests, are enhancing the efficiency and reliability of molecular diagnostics. Additionally, increasing healthcare expenditure and supportive government initiatives are creating lucrative opportunities, particularly in emerging economies. The expansion of point of care testing and personalized medicine further contributes to the markets potential, offering avenues for improved patient outcomes and streamlined healthcare processes.
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Roche
Hologic
QIAGEN
Abbott
Danaher Corporation
BD
Siemens Healthcare
Bio-Rad
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Molecular Diagnostics Devices and Equipment Market
Instruments
Reagents & Kits
Software & Services
Polymerase Chain Reaction (PCR)
Next-Generation Sequencing (NGS)
Microarray
Mass Spectrometry
Immunoassays
Electrophoresis
Oncology
Infectious Diseases
Genetic Disorders
Cardiovascular Diseases
Neurological Disorders
Other Applications
Hospitals
Diagnostic Laboratories
Academic & Research Institutes
Pharmaceutical & Biotech Companies
Point-of-Care (POC)
Laboratory-based Testing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Molecular Diagnostics Devices and Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Molecular Diagnostics Devices and Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Molecular Diagnostics Devices and Equipment Market, By Type
6. Global Molecular Diagnostics Devices and Equipment Market, By Application
7. Global Molecular Diagnostics Devices and Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Molecular Diagnostics Devices and Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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