Transparency Market Research (TMR) has recently published a market study on the global molecular diagnostics market.
TransparencyMarket Research (TMR) has recently published a market study on the globalmolecular diagnostics market, estimating the market to develop at a CAGR of11.1% over the period from 2013 to 2019 and attain an overall value of US$8.7billion by the end of 2019.
“Molecular Diagnostics Market(PCR, Next Generation Sequencing, Microarray, Infectious diseases, Geneticdisease, Oncology testing, Blood donor screening) - Global Industry Analysis,Size, Share, Growth, Trends and Forecast, 2013 – 2019.”
The researchreport is titled, “Molecular Diagnostics Market (PCR, Next GenerationSequencing, Microarray, Infectious diseases, Genetic disease, Oncology testing,Blood donor screening) - Global Industry Analysis, Size, Share, Growth, Trendsand Forecast, 2013 – 2019.”
According to thestudy, the rising prevalence of cancer, coupled with increasing incidence ofchronic diseases triggered by the growth in the global geriatric populationbase, is the key reason behind the swelling market for molecular diagnostics.
The reportanalyzes the global molecular diagnostics market on the basis of the technologyand application. A detailed study of the regional markets for MolecularDiagnostics Market is also presented in this report.
Based ontechnology, the PCR market dominated the global molecular diagnostics market industryin 2012. However, the market for next generation sequencing is currentlyreporting the fastest growth and is likely to capture the market from theformer.
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By application,the market for infectious diseases leads the molecular diagnostics market inthe global arena with a market share of 60%. In the infectious diseasessegment, the market for HAI testing is exhibiting a significant growth and isexpected to expand at a CAGR of 15.1% over the forecast period, whereas the HPVtesting market is estimated to rise at a CAGR of 14.8% during the same period.
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