|Market Research A to Z | Company Profiles A to Z | Register | Contact Us|
|+44 (0) 203 086 8600 Call us on|
The molecular diagnostics market is anticipated to increase at a compound annual growth rate (CAGR) of 9.1% over the next five years, rising from a valuation of $4.8 billion in 2011, to be worth a market value of $8.1 billion by 2017.
Molecular diagnostics are a new class of diagnostic tests that identify nucleic acids or proteins to test the status of a disease. These nucleic acids or proteins, which belong to individual patients or foreign organisms, help determine a specific therapy, or risk of developing a specific disease, or other health conditions.
Key factors set to drive growth within the molecular diagnostics market include the increase in awareness and acceptance of personalised medicine, advancements in molecular techniques, and the increase in investments in proteomics and genomics research.
The big dog of the molecular diagnostics market is infectious disease testing, which makes up about 60% of overall molecular diagnostic market revenues. Companies offering molecular products in this sector are developing and marketing test kits and supplies to support testing for human immunodeficiency virus (HIV), human papilloma virus (HPV), hepatitis B and C (HBV/HCV), and CT/NG.
Just as consolidation and acquisitions reshaped the in vitro diagnostics (IVD) manufacturing industry and concentrated market share among just a handful of multi-billion dollar IVD giants, a similar consolidation can be seen in the molecular diagnostics sector. Today it is estimated that just nine global companies control 75% of the molecular diagnostics market.
The most prominent players within the molecular diagnostics market include Roche Diagnostics (Switzerland), Novartis (Switzerland), Gen-Probe (US), Qiagen (The Netherlands), Abbott Diagnostics (US), Becton Dickinson (US) and Cepheid (US).
For more information on the molecular diagnostics market, see the latest research: Molecular Diagnostics Market
Follow us on Twitter @CandMResearch
Do you need to track your competitors and customers on a continuous basis? We have the expertise to provide you with a cost-effective, fully customised competitor tracking portal, which collates data on your competitors on a continuous basis. Contact us for a free consultation and demonstration.
Do you manage an industry specific website or blog? Are you looking to monetise your web traffic further? Are you a B2B website?
Why not offer your visitors industry specific strategic market reports and company profiles? Our Affiliate Program enables you to provide quality content on your website and to earn money from passing on visitors to our website.
Cannot find what you need? We can tailor a report for you. Complete the Custom Research Form and we will provide a quote.