Healthcare Research Molecular Diagnostics Market Research Report | Page 2
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Unhealthy lifestyle can further contribute to large number of people getting afflicted with
chronic ailments like cardiovascular disorders and diabetes. This with further propel market
growth in the coming years. Molecular diagnostics market is divided into products,
technologies, applications, test location, and regions.
On the basis of products, the market is split into instruments, reagents, and others.
Reagents segment held the largest share in 2015 with revenues exceeding USD 3.5 billion.
It is expected to grow at a CAGR surpasing 12%. Instruments segment is expected to show
a significant growth in the coming years.
Technologies consist of polymerase chain reaction (PCR), in-situ hybridization, chips and
microarrays, mass spectrometery, DNA sequencing, transportation mediated amplification,
and others. PCR held the largest market share of over USD 2.5 billion in 2015. Growth of
this segment can be attributed to its high incorporation among the researchers and
healthcare professionals. DNA sequencing is likely to show a growth of about 16% CAGR in
the coming years.
Applications encompass oncology, pharmacogenomics, infectious diseases, genetic testing,
neurological diseases, cardiovascular diseases, and others. Infectious diseases segment
was the largest application holding market share exceeding 45% in 2015.
Oncology segment is anticipated to show a CAGR of about 13% till 2024. Rising awareness
among people regarding early cancer diagnosis is the key aspect propelling market growth
of the segment.
Test location comprises of point of care (PoC), self test or over the counter (OTC), and
central laboratories. Central laboratories dominated the market with over 60% shares in
2015. The growth of the central laboratories can be attributed to their large prominence in
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