Pharmaceutical Industry Reports Molecular Diagnostics Market - Industry Insights, | Page 2

REPORT DESCRIPTION
Molecular Diagnostics Market – Overview
Molecular diagnostics tests are used for detecting disturbance between specific sequences in DNA or RNA, which
may be associated with disease. The disturbance between a single nucleotide polymorphism (SNP), deletions,
rearrangements, insertions, and others factors lead to various diseases. Disease that are diagnosed by using
molecular diagnostic test includes infectious diseases, oncology, virology, and STDs.
Molecular diagnostics are capable of detecting specific disease which helps in providing precision medicine to
patients. Government of various economies are focused on research and development of precision medicine,
which is expected to drive growth of the molecular diagnostics market over the forecast period. For instance, in
2015, the U.S. government launched Precision Medicine Initiative (PMI), to increase awareness regarding
advancement in the precision medicine field.
High prevalence of infectious disease and increasing incidences of cancer are expected to be the major factor
fueling growth of the market over forecast period. For instance, according to the Centers for Disease Control and
Prevention (CDC), in 2015, around 5,251 deaths were reported due to influenza infection in the U.S.