North American Molecular Diagnostics Market

North American Molecular Diagnostics Market Size, Share, Growth Analysis, By Product(Instruments, Reagents), By Test Location(Point-of-Care (PoC), Self-test or Over the Counter (OTC), Central Laboratories), By Technology(Polymerase Chain Reaction (PCR), Multiplex PCR, Other PCR, In Situ Hybridization), By Application(Oncology, Breast Cancer, Prostate Cancer, Colorectal Cancer), By Regional(The U.S.) - Industry Forecast 2025-2032


Report ID: UCMIR35A2358 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

North American Molecular Diagnostics Market Insights

Market Overview:

In 2017, the North American molecular diagnostics market was valued at USD 3.66 billion, and it is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% during the projected period. The rising use of molecular diagnostics (MDx) in the detection of infectious diseases and the introduction of new cancer diagnostic solutions are contributing to the growth of the market. Additionally, molecular diagnostics has become a regular practice in healthcare, extending from laboratories to physician offices and clinics. Despite its routine implementation, the market's expansion is being fueled by advances in clinical next-generation sequencing and the development of more cost-effective nucleic acid amplification tests.

North American Molecular Diagnostics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for North American Molecular Diagnostics was estimated to be valued at US$ XX Mn in 2021.

The North American Molecular Diagnostics Market is estimated to grow at a CAGR of XX% by 2028.

The North American Molecular Diagnostics Market is segmented on the basis of Product, Test Location, Technology, Application, Regional.

Based on region, the North American Molecular Diagnostics Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the North American Molecular Diagnostics Market are Roche Diagnostics, Qiagen N.V., Danaher, Hologic, Inc., Johnson & Johnson, Becton, Dickinson and Company, Abbott laboratories, bioMérieux SA, Illumina, Inc., Novartis AG, Cepheid, Inc..

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North American Molecular Diagnostics Market

Report ID: UCMIR35A2358

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