Albany, New York (PRWEB) September 02, 2014
- Molecular Diagnostics - An Overview
Molecular diagnostics is technically defined as a class of diagnostic test that analyzes proteins or nucleic acids at a higher molecular level. The nucleic acids and proteins that belong to individual patients or foreign organisms help in identifying a specific therapy, health condition, or risk of developing a specific disease.
In medical terms, molecular diagnostics is better known as (MDx) evaluating the new class of diagnostic tests to test the status and health condition of a specific disease. Today, MDx is included amongst the fastest growing market segment within the in-vitro diagnostic (IVD) sector. It is mainly driven by high sensitivity, accuracy, quick turnaround time, cost-effective testing, and easy workflow.
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Earlier, the usage of molecular diagnostics was limited because of expensive tests and need of skilled professionals to fill up the job spots. However, this was surmounted by the introduction of cost per sample analysis, reduction in labor cost, and enhanced introduction and development in the advanced technologies and automation systems.
As compared to the nascent molecular diagnostics industry, the present market development and eminence comes across as a science-oriented and bio-technically transforming medical field. The market of molecular diagnostics is now considered as a well-established market for clinical applications.
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Most of the additionally factors are observed through the rising incidences of hospital acquired infections (HAI). The (HAI) market within infectious diseases is anticipated to grow at a CAGR rate of 15.1% in the forecast period of 2013-2019. Similarly, HLA typing testing and oncology testing are also projected to grow at a rapid rate, and the constantly increasing incidence of cervical cancer caused due to Human Papilloma Virus (HPV) is predicted to rise at a CAGR of 14.8% during the same forecast period.
According to the study report, the growth of the molecular diagnostics market will be mainly propelled by rising incidences of hospital acquired infections (HAI), and therefore HAI testing market is expected to secure the fastest growth rate in the coming years.
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