New York, NY -- (SBWire) -- 06/18/2019 --Molecular diagnostics Market is a vital tool for the cost-effective, accurate, rapid, delivery of effective and safe therapy for many diseases. Increasing cases of hospital acquired infections and (add more drivers) have led to the growing need for molecular diagnostic in hospitals facilities. According to Centers for Disease Control (CDC) in 2017, Hospitals Acquired Infections (HAI) accounted for almost 1.7 million cases with 99,000 deaths every year in the U.S.
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Top Trend Molecular diagnostics Market: Overview
Molecular diagnostics is a technique used to identify and analyze nucleic acids or proteins at a molecular level. This technique assesses the genetic makeup of an individual to identify predisposition to a particular disease or condition and diagnose it. Molecular diagnostics is considered to be the best method to identify and characterize a microorganism.
Top Trend Molecular diagnostics Market: Technology
Technological advancements, like a polymerase chain reaction (PCR), have also made it possible to identify the antimicrobial resistance genes and provide public health information, such as strain characterization by genotyping. Molecular diagnostics is used as a method of analysis and identification to point out the biological markers in the genome and proteome to help identify gene expression by applying molecular biology. Molecular diagnostics are used to diagnose disease and risk involved. The new advanced technologies have qualified the instruments in providing accurate results. The concept of personalized medicine has emerged out of molecular diagnostics.
The technology uses certain applications that assist medical professionals to study and understand the health-related data after which they can provide various methods to carry out remote monitoring, which in turn helps in developing long-lasting health and wellness. The global molecular diagnostics market was valued at over US$ 6 Bn in 2017 and is expected to grow at a double digit in the forecasted period.
Top Trend Molecular diagnostics Market: Market Potential
There are several factors that have helped in the growth of this technique, some of which include – the increasing research expenditure in molecular biology by private and government institutes, technological advancements in the genomics arena, the rise in infectious and chronic diseases and the reduced price of sequencing. Moreover, theincreased government grants and developments in career opportunities have also contributed to its global success.
Molecular diagnostics check specific sequences in DNA or the RNA that may or may not be associated with diseases which includes nucleotide polymorphism, deletions, rearrangements, insertions and others. Clinical applications for Molecular Diagnosis can be found in various areas of medicines such as infectious diseases, oncology, pharmacogenomics, genetic disease screening and coagulation.
Top Trend Molecular diagnostics Market: Key Players
The prominent players in the global Molecular Diagnostics market are Abbott Laboratories, Agilent Technologies, Thermo Fisher Scientific, Becton, Dickinson and Company, Illumina, QIAGEN N.V., Danaher Corporation, Hologic, F. Hoffmann-La Roche, and Biomerieux SA., among others.
Top Trend Molecular diagnostics Market: Competitive landscape
Market Share Analysis (2018) , Key Strategies Assessment , New Product Launches , Merger & Acquisitions , Agreements, Collaborations, & Partnerships , Expansions Other Strategies
COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
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Molecular Diagnostics Market: Key Companies Profile, Market Share by 2030
Some of the major players in the molecular diagnostics market include Bio-Rad Laboratories, Inc.; Bayer AG; Siemens Healthcare GmbH; Abbott; Alere, Inc.; Danaher; Dickinson and Company; Dako; Hologic, Inc. (Gen probe);