Molecular Diagnostics Infectious Disease Testing Market
Molecular Diagnostics in Infectious Disease Testing Market: Global Industry Analysis and Forecast to 2015 to 2021
Molecular Diagnostics in Infectious Disease Testing Market Segmented By product such as instruments and analyzers, assays and reagents, and services and softwares having application such as hepatitis B, hepatitis C, AIDS, TB, methicillin-resistant Staphylococcus aureus (MRSA) hospital-acquired infections, Chlamydia trachomatis and Neisseria gonorrhoeae (CT/NG), human papillomavirus (HPV) infection, and others
Molecular diagnostics is a technique used to detect the presence of and identify genetic materials and proteins associated with specific health conditions and diseases, and infectious agents in body fluids such as blood, urine, or sputum. Molecular diagnostics for infectious disease testing is used by hospitals, academics institutions, laboratories, and others.
Increasing number of infectious diseases and technological advancement in diagnostic technologies for infectious diseases are some major driving factors for molecular diagnostics in the infectious disease testing market. Molecular diagnostics technologies are mainly used to diagnose diseases such as AIDS, tuberculosis (TB), hepatitis, and hospital-acquired infections.
The global molecular diagnostics in infectious disease testing market is categorized based on product, application, technique, and end user. Based on product, the report covers instruments and analyzers, assays and reagents, and services and softwares. Based on application, the market comprises hepatitis B, hepatitis C, AIDS, TB, methicillin-resistant Staphylococcus aureus (MRSA) hospital-acquired infections, Chlamydia trachomatis and Neisseria gonorrhoeae (CT/NG), human papillomavirus (HPV) infection, and others. Based on technique, the market covers polymerase chain reaction (PCR), isothermal nucleic acid amplification technology (INAAT), microarrays, next-generation sequencing (NGS), hybridization, and others. Based on end user, the market comprises hospitals, private labs, clinics, academic institutes, laboratories, and others.
North America has the largest market for molecular diagnostics in infectious disease testing, followed by Europe. This is due to technological advancement in molecular diagnostic tools, increasing prevalence of infectious diseases and improved healthcare infrastructure in the region. The market in Asia too, is expected to witness a high growth rate in the next few years.
This is due to evolving research and development activities on infectious diseases, increasing government support, growing awareness among people about various infectious diseases and their diagnostic procedures, and improving healthcare infrastructure in the region. In addition, growing population and economies in developing countries, such as India and China, are expected to influence the growth in molecular diagnostics in infectious disease testing in Asia.
Technological advancement in diagnostic procedures for infectious diseases, the increasing prevalence of infectious diseases, a growing elderly population, and the growth of research activities in molecular diagnostic technologies are some major drivers for the global molecular diagnostics in infectious disease testing market.
Moreover, government support in the form of funding for the diagnosis and prevention of infectious diseases is also supporting the growth of the global molecular diagnostics in infectious disease testing market. However, the high cost of instruments involved in molecular diagnostic technologies and the lack of skilled healthcare professionals are some major restraints on the growth of the market.
Increasing numbers of mergers and acquisitions and rapid product launches are some of the latest trends that have been observed in the global molecular diagnostics in infectious disease testing market.
Some of the major companies operating in the global molecular diagnostics in infectious disease testing market are Abbott Laboratories, Becton, Dickinson and Company, bioMérieux, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Siemens AG, Veridex, LLC, Luminex Corp., GenMark Diagnostics, Inc., Qiagen N.V., Genomix Biotech, and bioTheranostics.
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Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
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Key features of this report
- Drivers, restraints, and challenges shaping the Molecular Diagnostics in Infectious Disease Testing market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Molecular Diagnostics in Infectious Disease Testing market estimates and forecasts(2015 -2021)
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Technological advancements in the diagnostics procedures and growth in research activities in molecular diagnostic technologies are primarily influencing the growth of the molecular diagnostics infectious disease testing market. The surge in the government findings in the prevention and diagnosis of infectious diseases is paving the growth trajectory for the market.
Multiplicity in end-users that include hospitals, laboratories, and academic institutions is widening the scope of revenue generation in the market. Wide application of these technologies in the diagnosis of diseases such as AIDS and hepatitis enhance the market for these testing solutions.
North America is expected to hold a major chunk of the market in the coming years on the back of advancements in molecular diagnostics, improved healthcare infrastructure, and high prevalence of infectious diseases. Asia is expected to attain a significant position in the market in the shadow of increasing government support, awareness, and R&D activities. Scaling economies such as India and China are estimated to open the doors to new opportunities for the manufacturers.
Prominent market players are involved in mergers and acquisitions to expand their presence. They are launching new products to stay at the forefront of the competition. Established players profiled in the molecular diagnostics infectious disease testing market are Siemens AG, Thermo Fisher Scientific Inc., Abbott Laboratories, GenMark Diagnostics, Inc. and Dickinson and Company.
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