Global Molecular Diagnostics Market is growing with factors such as the rising demand for molecular diagnostics tools to diagnose COVID-19 patients, coupled with an increase in infectious disease and cancer prevalence. Increasing demand for point-of-care testing act as a major factor for the growth of the market. Favorable product launch for the molecular diagnostics for healthcare have also given a boom to the global molecular diagnostics market.
Technological advancements have propelled the demand of the market. However, the high cost of instrumentation and stringent rules laid down by governmental bodies for the approval of molecular diagnostics products has decreased the demand of the market.
According to Data Bridge Market Research, the market for global molecular diagnostics in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Abott, which accounts an estimated market share of approximately 29.07% in the global market. The company has gained outstanding sale by launching products of molecular diagnostics.
Now the question is which other regions Abbott, Hoffmann-La Roche Ltd, Illumina, Inc. are targeting? Data Bridge Market Research has forecasted a large growth in Asia Pacific molecular diagnostics market and the market leaders targeting India and Philippines to be their next pocket revenue for 2021.
The molecular diagnostics market is becoming more competitive with companies like Abbott, Hoffmann-La Roche Ltd, Illumina, Inc. These are the top dominating companies in molecular diagnostics market and have launched new molecular diagnostics products in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global molecular diagnostics market.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of molecular diagnostics companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-molecular-diagnostics-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Molecular Diagnostics Market – Industry Trends and Forecast to 2028
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Europe Molecular Diagnostics Market – Industry Trends and Forecast to 2028
Middle East and Africa Molecular Diagnostics Market – Industry Trends and Forecast to 2028
Asia-Pacific Molecular Diagnostics Market – Industry Trends and Forecast to 2028
North America Molecular Diagnostics Market – Industry Trends and Forecast to 2028
Global Hybridization-based Molecular Diagnostics Market – Industry Trends and Forecast to 2027
Global Point of Care Molecular Diagnostics Market – Industry Trends and Forecast to 2027
Global Multi-Cuvette Spectrophotometer for Molecular Diagnostics Market – Industry Trends and Forecast to 2028
Global Point of Care Molecular Diagnostics Market is Growing at a Significant Rate in the Forecast Period 2019-2026
Global Veterinary Molecular Diagnostics Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026
Global Hybridization-Based Molecular Diagnostics Market is Rising Exponentially at a CAGR of 6.30% During the Anticipated Period of 2020 to 2027