The Infectious Disease Molecular Diagnostics Market was anticipated to reach US$ 34 billion in 2021. The market is expected to reach a close to US$ 53 billion valuation by the end of 2032, with a CAGR of 4.2% over the subsequent 10 years. Instead of using the traditional methods that needed pathogen culture, developers are increasingly relying on scientific breakthroughs from a variety of fields. Molecular diagnostics is one of the fields in the study of infectious illnesses that is expanding the quickest.
FMI’s business analysis details the historical and current production, consumption, volume, and value trends in the global market for molecular diagnostics for infectious illnesses. The study analyses the market by segmenting it into various categories, geographical areas, and competitors based on demand trends and growth potential.
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The Infectious Diseases Molecular Diagnostics market report’s vital data and projections will give both established and up-and-coming market participants the understanding they need to create long-term plans and ensure business continuity in the face of crises like the continuing COVID-19 epidemic.
COVID-19 Impact Analysis on Infectious Diseases Molecular Diagnostics Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Infectious Diseases Molecular Diagnostics market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Infectious Diseases Molecular Diagnostics market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Infectious Diseases Molecular Diagnostics market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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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:
- Hoffmann-La Roche Ltd., Hologic, Inc., Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Abbott Laboratories, bioMérieux SA, QIAGEN N.V., Myriad Genetics, Inc., Siemens Healthineers AG, Danaher Corporation, Illumina, Inc., Becton Dickinson and Company, Grifols, S.A., Quidel Corporation, Agilent Technologies, Inc., DiaSorin S.p.a. (Italy), Exact Sciences Corporation, Genetic Signatures, MDx Health, Biocartis NV, TBG Diagnostics Limited, HTG Molecular Diagnostics, Inc., Vela Diagnostics, Amoy Diagnostics Co., Ltd., ELITechGroup, Molbio Diagnostics Pvt. Ltd., Savyon Diagnostics, Abacus Diagnostica Oy, and geneOmbio Technologies Pvt. Ltd
Important Questions Answered in the Infectious Diseases Molecular Diagnostics Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Infectious Diseases Molecular Diagnostics market been expanding during the forecast period?
- How will the global Infectious Diseases Molecular Diagnostics market look like by the end of the forecast period?
- What innovative strategies are adopted by Infectious Diseases Molecular Diagnostics market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Infectious Diseases Molecular Diagnostics market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Infectious Diseases Molecular Diagnostics market
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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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