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  • Meticulous Research Releases New Report: Molecular Diagnostics Market Expected to Hit $46.69 Billion by 2030

    Meticulous Research®, a renowned leader in providing comprehensive market research solutions, has unveiled its newest report titled "Molecular Diagnostics Market by Product (Reagents & Kits, Systems, Software), Test Type (Lab, PoC), Technology (PCR, ISH, INAAT, Sequencing, Microarray), Application (Infectious Diseases, Oncology), End User (Hospital, Diagnostic Lab) - Global Forecast to 2030." This groundbreaking report forecasts the molecular diagnostics market to reach an estimated value of $46.69 billion by 2030, showcasing a notable CAGR of 5.6% from 2023 to 2030.
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    The report attributes the robust growth of the molecular diagnostics market to several pivotal factors. These include the escalating global geriatric population, the surge in both communicable and non-communicable diseases, continuous technological advancements in molecular diagnostics, and the escalating healthcare expenditures worldwide. Additionally, burgeoning opportunities in emerging economies, a growing emphasis on companion diagnostics, and the increasing popularity of direct-to-consumer (DTC) genetic testing are anticipated to further fuel significant market expansion.
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    Molecular Diagnostics Advancements Amidst the COVID-19 Pandemic
    During the unprecedented COVID-19 pandemic, manufacturers intensified efforts to develop diverse diagnostic kits and assays for early disease detection, expected to propel market growth in the coming years. Notable developments during this period include:
    In May 2022, Cepheid (a subsidiary of Danaher) (U.S.) obtained CE Mark for Xpert Xpress CoV-2 plus, a test for qualitative detection of COVID-19.
    In May 2021, F. Hoffmann-La Roche Ltd (Switzerland) received Emergency Use Authorization (EUA) from the U.S. FDA for cobas SARS-CoV-2 test, designed for individuals without COVID-19 symptoms or suspicions.
    In November 2020, BioMérieux S.A. (France) secured CE mark for the SARS-CoV-2 R-GENE test, a part of the ARGENE range for SARS-CoV-2 detection.
    In September 2020, Hologic, Inc. (U.S.) received Emergency Use Authorization (EUA) from the U.S. FDA for asymptomatic COVID-19 testing with Panther Fusion SARS-CoV-2 Assay.
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    Furthermore, companies operating in the diagnostics market conducted web meetings and webinars during this period to engage with customers and stakeholders, providing detailed product descriptions and customer demonstrations, thereby enhancing end-user awareness.

    Market Segmentation and Growth Trends
    The molecular diagnostics market is segmented based on Product & Service, Test Type, Technology, Application, End User, and Geography. Key insights include:
    Product & Service: The kits & reagents segment is anticipated to hold the largest market share in 2023, driven by the frequent utilization of diagnostic kits, an extensive portfolio of disease-specific kits, and technological advancements.
    Test Type: Laboratory tests are expected to dominate the market in 2023, preferred by hospitals, laboratories, and academic & research institutes.
    Technology: PCR is projected to lead the market in 2023, owing to its sensitivity, rapid amplification capabilities, and cost-effectiveness compared to other technologies.
    Application: Infectious diseases are forecasted to account for the largest market share in 2023, fueled by rising incidence rates and government initiatives promoting early diagnosis.
    End User: Hospitals & clinics are expected to hold the largest market share in 2023, attributed to their extensive range of diagnostic tests and patient volume.
    Geographic Analysis
    North America is anticipated to command the largest market share in 2023, followed by Europe and Asia-Pacific, driven by advanced infrastructure, favorable reimbursement policies, increased healthcare accessibility, and a high volume of laboratory tests.
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    Key Players
    Leading players in the molecular diagnostics market include F. Hoffmann-La Roche Ltd, Hologic, Inc., QIAGEN N.V., Danaher Corporation, bioMérieux S.A., and Becton, Dickinson and Company (BD), among others.
    Contact:
    Mr. Khushal Bombe
    Meticulous Market Research Inc.
    1267 Willis St, Ste 200 Redding,
    California, 96001, U.S.
    USA: +1-646-781-8004
    Europe : +44-203-868-8738
    APAC: +91 744-7780008
    Email- sales@meticulousresearch.com
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    Meticulous Research Releases New Report: Molecular Diagnostics Market Expected to Hit $46.69 Billion by 2030 Meticulous Research®, a renowned leader in providing comprehensive market research solutions, has unveiled its newest report titled "Molecular Diagnostics Market by Product (Reagents & Kits, Systems, Software), Test Type (Lab, PoC), Technology (PCR, ISH, INAAT, Sequencing, Microarray), Application (Infectious Diseases, Oncology), End User (Hospital, Diagnostic Lab) - Global Forecast to 2030." This groundbreaking report forecasts the molecular diagnostics market to reach an estimated value of $46.69 billion by 2030, showcasing a notable CAGR of 5.6% from 2023 to 2030. Driving Forces Behind Market Expansion The report attributes the robust growth of the molecular diagnostics market to several pivotal factors. These include the escalating global geriatric population, the surge in both communicable and non-communicable diseases, continuous technological advancements in molecular diagnostics, and the escalating healthcare expenditures worldwide. Additionally, burgeoning opportunities in emerging economies, a growing emphasis on companion diagnostics, and the increasing popularity of direct-to-consumer (DTC) genetic testing are anticipated to further fuel significant market expansion. Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5375 Molecular Diagnostics Advancements Amidst the COVID-19 Pandemic During the unprecedented COVID-19 pandemic, manufacturers intensified efforts to develop diverse diagnostic kits and assays for early disease detection, expected to propel market growth in the coming years. Notable developments during this period include: In May 2022, Cepheid (a subsidiary of Danaher) (U.S.) obtained CE Mark for Xpert Xpress CoV-2 plus, a test for qualitative detection of COVID-19. In May 2021, F. Hoffmann-La Roche Ltd (Switzerland) received Emergency Use Authorization (EUA) from the U.S. FDA for cobas SARS-CoV-2 test, designed for individuals without COVID-19 symptoms or suspicions. In November 2020, BioMérieux S.A. (France) secured CE mark for the SARS-CoV-2 R-GENE test, a part of the ARGENE range for SARS-CoV-2 detection. In September 2020, Hologic, Inc. (U.S.) received Emergency Use Authorization (EUA) from the U.S. FDA for asymptomatic COVID-19 testing with Panther Fusion SARS-CoV-2 Assay. Browse in depth @ https://www.meticulousresearch.com/product/molecular-diagnostics-market-5375 Furthermore, companies operating in the diagnostics market conducted web meetings and webinars during this period to engage with customers and stakeholders, providing detailed product descriptions and customer demonstrations, thereby enhancing end-user awareness. Market Segmentation and Growth Trends The molecular diagnostics market is segmented based on Product & Service, Test Type, Technology, Application, End User, and Geography. Key insights include: Product & Service: The kits & reagents segment is anticipated to hold the largest market share in 2023, driven by the frequent utilization of diagnostic kits, an extensive portfolio of disease-specific kits, and technological advancements. Test Type: Laboratory tests are expected to dominate the market in 2023, preferred by hospitals, laboratories, and academic & research institutes. Technology: PCR is projected to lead the market in 2023, owing to its sensitivity, rapid amplification capabilities, and cost-effectiveness compared to other technologies. Application: Infectious diseases are forecasted to account for the largest market share in 2023, fueled by rising incidence rates and government initiatives promoting early diagnosis. End User: Hospitals & clinics are expected to hold the largest market share in 2023, attributed to their extensive range of diagnostic tests and patient volume. Geographic Analysis North America is anticipated to command the largest market share in 2023, followed by Europe and Asia-Pacific, driven by advanced infrastructure, favorable reimbursement policies, increased healthcare accessibility, and a high volume of laboratory tests. Quick Buy @ https://www.meticulousresearch.com/Checkout/18320359 Key Players Leading players in the molecular diagnostics market include F. Hoffmann-La Roche Ltd, Hologic, Inc., QIAGEN N.V., Danaher Corporation, bioMérieux S.A., and Becton, Dickinson and Company (BD), among others. Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- sales@meticulousresearch.com Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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  • North America Molecular Diagnostics Market Projected to Reach $18.13 Billion by 2030: Exclusive Report by Meticulous Research

    Meticulous Research┬«, a renowned provider of market intelligence solutions, unveils its latest report forecasting the trajectory of the North America Molecular Diagnostics Market. Titled “North America Molecular Diagnostics Market by Product, Test Type, Technology, Application, and End User” the report anticipates a substantial market value of $18.13 billion by 2030, marking a steady CAGR of 5.3% from 2023 to 2030.
    Market Overview
    Molecular diagnostics, which delve into individuals’ health at the molecular level through the analysis of specific genetic sequences, have revolutionized healthcare. Advancements in this field have paved the way for personalized medicine, precision healthcare, and predictive diagnostics. Notably, during the COVID-19 pandemic, molecular diagnostics emerged as pivotal tools, offering rapid and accurate diagnostic solutions. The market encompasses a spectrum of advanced products and technologies, wielded by skilled professionals to enhance patient care.
    Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5642
    Key Drivers and Challenges
    The market's growth is underpinned by a multitude of factors, including the burgeoning geriatric population, escalating incidence of communicable and non-communicable diseases, technological innovations in molecular diagnostics, and escalating healthcare expenditures. However, challenges such as regulatory complexities and the high costs associated with molecular diagnostic tests pose hindrances to market expansion.
    Opportunities and Challenges
    Despite these challenges, the burgeoning focus on companion diagnostics and the burgeoning popularity of direct-to-consumer (DTC) genetic testing present lucrative growth avenues for market players. Nevertheless, the scarcity of skilled professionals remains a significant obstacle to market growth.
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    Direct-to-consumer genetic testing, characterized by its accessibility and convenience, has gained prominence. These tests, which provide consumers with direct access to their genetic information, bypass the need for healthcare providers. Notable recent developments in this sphere include partnerships between industry players and advancements in regulatory clearances, as exemplified by American Molecular Laboratories (AML) and 1health.io, Inc., and 23andMe, Inc.'s FDA clearance for its hereditary prostate cancer marker test.
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    Market Segmentation and Insights
    The report offers a comprehensive segmentation of the North America molecular diagnostics market, analyzing parameters such as product & service, test type, technology, application, end-user, and countries. Noteworthy segments include kits & reagents within the product category, PCR within technology, and laboratory tests within test type.
    Key Players and Strategies
    Leading market players, including Hologic, Inc., Danaher Corporation, BioMérieux S.A., Becton, Dickinson and Company, Siemens Healthineers AG, DiaSorin S.p.A., Abbott Laboratories, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Illumina, Inc., F. Hoffmann-La Roche, QIAGEN N.V., and Seegene, Inc., have adopted robust growth strategies to fortify their market presence.
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    Contact Us:
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    1267 Willis St, Ste 200 Redding,
    California, 96001, U.S.
    USA: +1-646-781-8004
    Europe : +44-203-868-8738
    APAC: +91 744-7780008
    Email- sales@meticulousresearch.com
    Visit Our Website: https://www.meticulousresearch.com/
    Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research



    North America Molecular Diagnostics Market Projected to Reach $18.13 Billion by 2030: Exclusive Report by Meticulous Research Meticulous Research®, a renowned provider of market intelligence solutions, unveils its latest report forecasting the trajectory of the North America Molecular Diagnostics Market. Titled “North America Molecular Diagnostics Market by Product, Test Type, Technology, Application, and End User” the report anticipates a substantial market value of $18.13 billion by 2030, marking a steady CAGR of 5.3% from 2023 to 2030. Market Overview Molecular diagnostics, which delve into individuals’ health at the molecular level through the analysis of specific genetic sequences, have revolutionized healthcare. Advancements in this field have paved the way for personalized medicine, precision healthcare, and predictive diagnostics. Notably, during the COVID-19 pandemic, molecular diagnostics emerged as pivotal tools, offering rapid and accurate diagnostic solutions. The market encompasses a spectrum of advanced products and technologies, wielded by skilled professionals to enhance patient care. Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5642 Key Drivers and Challenges The market's growth is underpinned by a multitude of factors, including the burgeoning geriatric population, escalating incidence of communicable and non-communicable diseases, technological innovations in molecular diagnostics, and escalating healthcare expenditures. However, challenges such as regulatory complexities and the high costs associated with molecular diagnostic tests pose hindrances to market expansion. Opportunities and Challenges Despite these challenges, the burgeoning focus on companion diagnostics and the burgeoning popularity of direct-to-consumer (DTC) genetic testing present lucrative growth avenues for market players. Nevertheless, the scarcity of skilled professionals remains a significant obstacle to market growth. Rising Popularity of Direct-to-Consumer Testing Direct-to-consumer genetic testing, characterized by its accessibility and convenience, has gained prominence. These tests, which provide consumers with direct access to their genetic information, bypass the need for healthcare providers. Notable recent developments in this sphere include partnerships between industry players and advancements in regulatory clearances, as exemplified by American Molecular Laboratories (AML) and 1health.io, Inc., and 23andMe, Inc.'s FDA clearance for its hereditary prostate cancer marker test. Browse in depth @ https://www.meticulousresearch.com/product/north-america-molecular-diagnostics-market-5642 Market Segmentation and Insights The report offers a comprehensive segmentation of the North America molecular diagnostics market, analyzing parameters such as product & service, test type, technology, application, end-user, and countries. Noteworthy segments include kits & reagents within the product category, PCR within technology, and laboratory tests within test type. Key Players and Strategies Leading market players, including Hologic, Inc., Danaher Corporation, BioMérieux S.A., Becton, Dickinson and Company, Siemens Healthineers AG, DiaSorin S.p.A., Abbott Laboratories, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Illumina, Inc., F. Hoffmann-La Roche, QIAGEN N.V., and Seegene, Inc., have adopted robust growth strategies to fortify their market presence. Quick Buy @ https://www.meticulousresearch.com/Checkout/62458641 Contact Us: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- sales@meticulousresearch.com Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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