Molecular Diagnostics Market ( By Application , Technology , Region and Companies ) and Forecast to 2021 - Global Analysis
Molecular Diagnostics Market ( By Application , Technology , Region and Companies ) and Forecast to 2021 - Global Analysis
The molecular diagnostics market is one of the most rapidly growing segments of the in vitro diagnostics industry . Molecular diagnostics is a new class of diagnostic tests that identify molecular and genetic markers for an individual patient . These markers determine potential benefit from a specific therapy or risk of developing a specific disease or other health condition . North America , particularly , United States is the key market for molecular diagnostics due to the availability of government funds , rising incidence of chronic diseases , the availability of different types of tests , and high awareness of pharmacogenomics / personalized medicine . Moreover , major companies have easy access to United States which makes the country largest and most significant market for suppliers . Additionally , new molecular diagnostic tests are regularly introduced to the market for screening or diagnosing a wide range of patient types for numerous diseases .
Molecular diagnostics is being driven by several growth factors , which include the need for automated and easy-to-handle techniques , which combine optimized sample preparation , analysis and data evaluation , and the growing availability of molecular diagnostic tests for monitoring the therapeutic efficacy of expensive drugs . Additionally , the requirement of swift diagnoses techniques that would diagnose disease condition , medical disorders quickly and offer a strong and consistent tool for quick therapy decisions represents the other key factor . Introduction of new diagnostics tests , primarily in the infectious disease application area is likely to keep the momentum going for the molecular diagnostics business in the short-term