The Molecular Diagnostics Market is Estimated to Grow at a CAGR of 9.3% to Reach USD 9,333.8 Million by 2020

The molecular diagnostics market is expected to grow at a CAGR of 9.3% to reach USD 9,333.8 Million by 2020.

High prevalence of infectious diseases and various types of cancer; increasing awareness and acceptance of personalized medicine and companion diagnostics; development of biomarkers; and advancements in molecular techniques, proteomics, and reformations in the reimbursement system are driving the growth of the market.

However, increased cost of molecular diagnostics tools, dearth of skilled labor to handle new and complex platforms, and the complex regulatory framework are the major factors restraining the growth of the market.

The molecular diagnostics market is broadly segmented on the basis of technology, application, products & services, and end user. The major technologies studied in the report include PCR, INAAT, microarrays, hybridization, DNA sequencing and next generation sequencing (NGS), and other technologies. Among these technologies, PCR is expected to command the largest share while microarrays is expected to grow at the highest rate.

Scope of the Report:

This market study majorly covers the products and services, applications, technologies, and end users for arriving at the overall molecular diagnostics market size in the period from 2015 to 2020.

Market Segmentation:

1. Molecular Diagnostics Market, by Products and Services:

2. Molecular Diagnostics Market, by Technology:

3. Molecular Diagnostics Market, by Application:

4. Molecular Diagnostics Market, by End User:

5. Molecular Diagnostics Market, by Region:

  Companies mentioned:

For more information visit http://www.researchandmarkets.com/research/crvk6d/molecular

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