COVID-19 Outbreak Drives Infectious Diseases to Witness Highest Growth and Helps Global Molecular Diagnostics Market to Touch $25 Billion by 2026

Industry Experts, Inc. published an updated 2020 version of their market research report "Global Molecular Diagnostics Market – Technologies, Products, Applications and End-Use Sectors" with the COVID-19 influence on the market. Analysts at Industry Experts reveal that the reagents & consumables market is largest amongst the molecular diagnostics product types in 2019 estimated at US$8.2 billion.

Amid COVID-19 outbreak, the global market for Molecular Diagnostics has created mixed opportunities for manufacturers all over the world. While some of the application segments, such as infectious diseases, is projected to record the highest growth during the pandemic period of 2019-2022, but other applications such as oncology etc. are estimated to face a reduction in demand during the same period.

Global Molecular Diagnostics market has generated a revenue of US$10.85 billion in 2019, and is estimated to be just over US$15 billion in 2020. During 2019 to 2022 period, which is said to be influenced by the Covid-19 pandemic, Infectious Diseases (driven by COVID-19 Diagnostics) segment is anticipated to gain rapid demand, growing at a robust CAGR of 14.9%. Infectious Diseases segment, in which Covid-19 testing is a part, is estimated to generate an extra revenue of US$3.8 billion globally in 2020 compared to 2019.

Molecular Diagnostics technologies market explored in this report includes PCR Polymerase Chain Reaction (PCR), Sequencing, Hybridization and Others comprising Microarrays, Nanotechnology etc. The study includes the market analysis for Molecular Diagnostics product types – Reagents and Consumables, Instruments and Software & Services. The study also explores the market analysis for Molecular Diagnostics End-Use sectors comprising Hospitals & Diagnostics Labs, Research Institutes & Universities and Others including Blood Banks, Nursing Homes, Local Public Health Laboratories, point of Care settings etc.

The report reviews, analyses and projects the Molecular Diagnostics market for global and the regional markets including the North America, Europe, Asia-Pacific and Rest of World for the period 2015-2024 in terms of value in USD. These regional markets further analyzed for 15 independent countries across North America – the United States, Canada and Mexico; Europe – Germany, France, The United Kingdom, Italy and Spain; Asia-Pacific – China, Japan, India and South Korea and Rest of World – Brazil, Argentina and Israel.

This 554 page Molecular Diagnostics market report includes 381 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, technology, product type, application and end-use sector. This report includes the brief business profiles of 35 key global players and 46 major players across the North America – 29; Europe – 11; Asia-Pacific – 5; and Rest of World – 1. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of Molecular Diagnostics. The global list of companies covers addresses, contact numbers and the website addresses of 169 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit: https://industry-experts.com/verticals/biotechnology/molecular-diagnostics-market