Molecular Diagnostics Market Research Report - Global Industry Analysis, Size, Share and Forecast to 2020: Hexa Research
The molecular diagnostics are used for early detection of genetic disorders, infectious diseases, and cancer. For detection of genetic disorders, various applications and technologies are used for its detection in pre-natal stages. In the upcoming years, “molecular diagnostics market” demand is expected show high growth. The market is equipped with pre-natal stage detection technology
The molecular diagnostics are used for early detection of genetic disorders, infectious diseases, and cancer. For detection of genetic disorders, various applications and technologies are used for its detection in pre-natal stages. In the upcoming years, “molecular diagnostics market” demand is expected show high growth. The market is equipped with pre-natal stage detection technology
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<strong>Molecular</strong> <strong>Diagnostics</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Global</strong> <strong>Industry</strong><br />
<strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong> <strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2020</strong>: <strong>Hexa</strong> <strong>Research</strong><br />
<strong>Molecular</strong> diagnostics market is expected <strong>to</strong> grow over the forecast period owing <strong>to</strong> the<br />
evolution of CLIA waived tests related <strong>to</strong> the point of care (POC) for molecular advanced<br />
diagnostics, cancer diagnostic <strong>and</strong> detection technologies Other drivers of this market are<br />
growing prevalence of cancer, blood screening, genetic disorders, <strong>and</strong> improper lifestyle habit<br />
such as alcohol, <strong>to</strong>bacco consumption, smoking <strong>and</strong> increasing geriatric population. CLIA tests<br />
are performed on humans for health assessments, treatment of impairment or disease,<br />
prevention, diagnosis. So <strong>to</strong> meet complexity, error <strong>and</strong> risk requirements CLIA certificate of<br />
waiver are issued. The molecular diagnostics are used for early detection of genetic disorders,<br />
infectious diseases, <strong>and</strong> cancer. For detection of genetic disorders, various applications <strong>and</strong><br />
technologies are used for its detection in pre-natal stages. In the upcoming years, molecular<br />
diagnostics market dem<strong>and</strong> is expected show high growth. The market is equipped with prenatal<br />
stage detection technology<br />
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Product Insights<br />
<strong>Molecular</strong> diagnostics market is segmented on the basis of product types in<strong>to</strong> reagents <strong>and</strong><br />
instruments. <strong>Global</strong>ly, reagents held the largest market share in 2013. The reason for its<br />
dominance is that it has high usage rate in molecular test <strong>and</strong> also more preference is given <strong>to</strong> it<br />
over counter tests. <strong>Molecular</strong> diagnostic test are now being used at non-medical facilities such<br />
as schools, college, <strong>and</strong> homes. Due <strong>to</strong> increasing dem<strong>and</strong> for advanced cancer diagnostic<br />
tests <strong>and</strong> genetic test, this market will grow at a CAGR of 10% over the forecast period. Apart<br />
from regents, globally instrument market is also growing at a fare pace <strong>and</strong> contributing nearly<br />
38.4% in <strong>to</strong>tal market share, as these instrument products are quite costly, as compared <strong>to</strong><br />
reagents market.<br />
Technology Insights<br />
<strong>Molecular</strong> diagnostics market is segmented on the basis of technology in<strong>to</strong>in situ hybridization,<br />
PCR, mass spectrometry, chips & microarrays <strong>and</strong> sequencing. Among these PCR held the<br />
largest market share in 2013. PCR process is used in detection of diseases such as, viral<br />
infections, lymphoma <strong>and</strong> leukaemia. The importance of this technology is that it targets the<br />
DNA sequences <strong>and</strong> finds its amplification. This technology is used by medical practitioners <strong>and</strong><br />
researchers, in finding out the DNA sequence, so <strong>to</strong> find out the fac<strong>to</strong>rs or reasons for cancer<br />
<strong>and</strong> accordingly develop treatment procedures for it. Increasing prevalence of cancerhas<br />
triggered the cancer market a lot, so it can be said that it is one the key driver for PCR<br />
technology market.<br />
Application Insights<br />
<strong>Molecular</strong> diagnostics market is segmented on the basis of application in<strong>to</strong> pharmacogenomics,<br />
oncology, genetic testing, infectious disease, cardiovascular disease, <strong>and</strong> neurological disease.<br />
Among these, oncology application held the largest market share in 2013, as 34% of revenue is<br />
generated by this segment alone. Reason for its dominance is due <strong>to</strong> presence of high cancer<br />
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patient cases <strong>and</strong> evolution of advanced tests such as companion diagnostics. Companion<br />
diagnostics are the personalized medicine <strong>and</strong> also include identification of biomarker response<br />
for the selected patients. Pharmacogenomics application is the fastest growing application.<br />
Pharmacogenomics is the study of genetic mapping according <strong>to</strong> the patient’s response <strong>to</strong>wards<br />
a particular drug <strong>and</strong> therapy.<br />
Regional Insights<br />
Geographically, the <strong>Molecular</strong> diagnostics market is studied with respect <strong>to</strong> North America,<br />
Europe, Asia Pacific <strong>and</strong> RoW. North America is dominating the whole market as it has strong<br />
healthcare infrastructure, patient awareness, various government programmes, <strong>and</strong> strong<br />
R&D. Asia Pacific is expected <strong>to</strong> show fruitful CAGR over the forecast period owing <strong>to</strong> the<br />
rapidly developing healthcare infrastructure areincreasing patient awareness, <strong>and</strong> various<br />
government initiatives.<br />
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Competitive Insights<br />
The major market players in, the molecular diagnostics market are, Roche <strong>Diagnostics</strong>, Gen-<br />
Probe, Hologic, bioMerieux, Novartis, Abbott Labora<strong>to</strong>ries, Siemens Healthcare, Qiagen,<br />
Hologic, Bec<strong>to</strong>n Dickinson <strong>and</strong> Company <strong>and</strong> Cepheid.<br />
Table of Contents<br />
Chapter 1. Executive Summary<br />
1.1. <strong>Molecular</strong> <strong>Diagnostics</strong> - <strong>Industry</strong> Summary <strong>and</strong> Critical Success Fac<strong>to</strong>rs (CSFs)<br />
Chapter 2. <strong>Molecular</strong> <strong>Diagnostics</strong> <strong>Industry</strong> Outlook<br />
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2.1. <strong>Market</strong> Segmentation<br />
2.2. <strong>Market</strong> <strong>Size</strong> <strong>and</strong> Growth Prospects<br />
2.3. <strong>Molecular</strong> <strong>Diagnostics</strong> <strong>Market</strong> Dynamics<br />
2.4. Key Opportunities Prioritized<br />
2.5. <strong>Industry</strong> <strong>Analysis</strong> - Porter's<br />
2.6. <strong>Molecular</strong> <strong>Diagnostics</strong> - Company <strong>Market</strong> <strong>Share</strong> <strong>Analysis</strong><br />
2.7. <strong>Molecular</strong> <strong>Diagnostics</strong> <strong>Market</strong> PESTEL <strong>Analysis</strong>, 2012<br />
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