Lewes, DE -- (SBWIRE) -- 09/10/2015 -- Report forecast the global oncology molecular diagnostics market to grow at a CAGR of 17.8% over the period 2014-2019.

Molecular diagnostics is one of the most transformative and dynamic areas of diagnostics. It is a technique used for analyzing biological markers in proteome and genome. Molecular diagnostics tests are increasingly used in oncology, infectious disease, pharmacogenomics, and human leukocyte antigen typing.

Oncology molecular diagnostics is a major application of molecular biology and is increasingly used for cancer screening, therapy selection, diagnosis, and relapse monitoring. Some of the major that are diagnosed and treated by molecular diagnostics are breast, ovarian, cervical, head and neck, pancreatic, colorectal, brain, prostate, lung, and endometrial cancers.

The report covers the current scenario and the growth prospects of the global oncology molecular diagnostics market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of diagnostics assay kits and instruments for cancers, which include:

- Breast
- Colorectal
- Prostate
- Others (including lung and cervical cancers)

Global Oncology Molecular Diagnostics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, proteins and genes control the biochemical functions of the body. Any defect in the structure of a particular protein or gene can lead to specific conditions and disorders. The development of personalized drugs depends on the identification and study of protein and gene expressions. These drugs are customized to an individual's protein or genetic profiles. Personalized medicines have high demand in oncology therapy since conventional cancer drug therapies fail to achieve desired patient outcomes. Many pharmaceutical companies are now developing personalized medicines to provide better patient management.

Key regions
- APAC
- Europe
- Latin America
- MEA
- North America

Key players in the Global Oncology Molecular Diagnostics Market: Abbott Diagnostics, Becton, Dickinson and Company, QIAGEN and Roche Diagnostics

Other Prominent Vendors in the market are: Agendia, Angsana Molecular and Diagnostics, Asuragen, Autogenomics, Beckman Coulter, bioMérieux, bioTheranostics (Formerly AviaraDx), Cangen Biotechnologies, Cepheid, Diagnocure, Epigenomics, Eragen, EXACT Sciences, Exiqon, GeneNews, Genera Biosystems, Genomic Health, Genomix Biotech, Health Discovery, HTG Molecular, Hologic, Innogenetics, Intergenetics, Kreatech Holding, Myriad Genetics, Nanosphere, NorDiag, Nuvera Biosciences, OncoMethylome Sciences, Orion Genomics, Prediction Sciences, Predictive Biosciences, Rosetta Genomics, SensiGen, Source MDx and Vermillion

Market driver
- Increase in demand for personalized medicines
- For a full, detailed list, view our report

Market challenge
- Ethical, privacy, and practical issues
- For a full, detailed list, view our report

Market trend
- Advances in mass spectrometry
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages "Global Oncology Molecular Diagnostics Market 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Cancer statistics, Market landscape, Reimbursement and coverage: An overview, Molecular diagnostic products: Pricing scenario, Market segmentation by cancer type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.

For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/global-oncology-molecular-diagnostics-market-2015-2019

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