Global Molecular Diagnostics Market 2009-2013

Molecular Diagnostics is the clinical application of molecular biology technologies, used in disease management. It consists of screening and diagnostics tests - using genetic material (DNA and RNA). Further, the Molecular Diagnostics tests facilitate early diagnosis of a disease, therapeutic efficacy of drugs, genetic predisposition to disease, and prediction of individual's response to drug. Thus, the Molecular Diagnostics technologies offer the potential transformation from diagnosis to prognosis.

Molecular Diagnostics is one of the fastest growing sectors of the In-Vitro Diagnostics (IVD) market. Moreover, the development in biomolecular and genomic technologies is the driving force for the rapid expansion of the Molecular Diagnostics market. Further, the emergence of novel technologies and advancement offers potential growth in the Molecular Diagnostics market. Also, Molecular Diagnostics has a tremendous potential to emerge as an important tool to develop new tests to improve the diagnosis and treatment of a wide range of diseases and disorders. Further, the emerging sectors like genetic testing is poised to give the potential growth for theragnostics and personalized medicine.

The Molecular Diagnostics is one of the fastest growing sectors in the In-Vitro Diagnostics market. Besides, the emergence of new technologies coupled with rapid advancements in the same offers tremendous potential growth for the Molecular Diagnostics market. Also, the increasing growth rates of infectious diseases, aging population, chronic illness, etc. is favoring the growth of the Molecular Diagnostics products. Further, the applications of different technologies like genomics, proteomics, nanobiotechnology, pharmacogenomics, etc are driving innovation within this market. In the future, the competition and the increasing patient population will account for the further growth of novel technology in the IVD industry.

The report by TechNavio Insights forecasts the market size of the worldwide Molecular Diagnostics market over the period 2009-2013. Further, the report discusses about the segmentation of the Molecular Diagnostics market into various geographic regions. It also identifies the major market trends, drivers, and challenges existing for the same.