Dallas, Texas (PRWEB) June 18, 2014
Molecular diagnostics (MDx) have emerged as one of the largest and fastest growing segments in the In vitro Diagnostic (IVD) industry. In the span of a few years, molecular diagnostics have prospered from a non-existent market to a significant market. PCR tests such as the one from Roche for CT/NG and other tests such as HIV qualitative and HIV quantitative (viral load) are the key factors driving the expansion of the molecular diagnostics market. The private reference laboratories developed tests for infectious diseases and cancer mutations due to the rising incidences and the non-availability of FDA approved assays. The market began to expand due to the existence of different diagnostic kits for genetic diseases and the blood screening for various infectious diseases. The demand for molecular testing increased and the FDA approved molecular diagnostic tests for determining genetic variation responses against cancer drugs. As a result, molecular diagnostic testing is growing at a rapid rate due to the rising adoption of rapid and quick diagnosis.
Geographic Analysis included in this study are North America, U.S., Canada, Europe, U.K., Germany, France, Italy, Spain, Rest Of Europe, Asia, Japan, India, China, Rest Of Asia, Rest Of The World, Latin America, Pacific And Middle East & Africa.
Company Profile included are
- Abbott Diagnostics, Inc.
- Beckman Coulter, Inc.
- Becton, Dickinson & Co.
- Biomérieux Business Overview
- Cepheid, Inc.
- Gen-Probe, Inc. (Hologic, Inc.)
- Novartis AG
- Roche Diagnostics
- Siemens Healthcare
In 2013, North America accounted for the largest share and will retain its leading position by 2018. This growth is attributed to the increasing prevalence of lifestyle diseases and spread of various contagious diseases. Asia is the most lucrative region for molecular diagnostics in the next five years, and is poised to grow at a CAGR of 12.2% in the forecast period. The high population base and the improved purchasing power of patients will drive this market. Moreover, the economic crisis in western countries has propelled the companies to focus on the Asian region, thus leading to the economic growth and rise in the investments in this region, which is further driving the market in a positive direction.
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The grey area while estimating the market size was the overlapping nature of the applications segment and while segregating them based on the evaluation of endpoints involved. This was later clarified with the help of various experts that participated in the study.
From an insight perspective, this research report focuses on the qualitative data; market size, share, and growth of various segments and sub-segments; competitive landscape; and company profiles. The qualitative data covers various levels of industry analysis, such as market dynamics (drivers, restraints, opportunities, and threats) and technological trends, globally. It also focuses on the emerging and high-growth segments of the molecular diagnostics market and the initiatives of their respective governments.
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The competitive landscape covers the growth strategies adopted by the industry players in the last three years. The company profiles comprises of the basic views on the key players in the molecular diagnostics market and their product portfolios, developments, and strategies adopted to maintain and increase their market share in the near future.
The above mentioned market research data, current market size, and forecast of the future trends will help the key players and new entrants to make necessary decisions regarding product offerings, geographic focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Table of Contents:
2 Executive Summary
3 Premium Insight
4 Market Overview
5 Global Molecular Diagnostics Market, By Application
6 Global Molecular Diagnostics Market, By Technology
7 Global Molecular Diagnostics Market, By Product Type
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles (Overview, Financials, Products & Services, Strategy, & Developments)
List of Tables
List of Figures
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