How the Molecular Diagnostics Devices And Equipment Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Molecular Diagnostics Devices And Equipment Market?
The increasing prevalence of infectious maladies is predicted to stimulate the expansion of the molecular diagnostic devices and equipment industry. Infectious diseases, conveyed by pathogenic microorganisms like bacteria, viruses, parasites, or fungi, can be transferred from humans to humans or from creatures to humans. The upsurge of such diseases is supported by factors like antimicrobial resistance, globalization, travel, urban growth, social economic differences, and an aged populace. A vital role is played by molecular diagnostic devices and equipment in the identification and regulation of these infectious maladies. Take the instance from March 2023, as pointed out by the Office for National Statistics, a governmental department based in the UK, in the week ending on 17 March 2023, the UK registered 619 COVID-19 related deaths, a rise from 605 in the preceding week. That week, deaths due to COVID-19 accounted for 4.5% of all UK’s deaths, which is a marginal dip from 4.6% the prior week. Hence, the molecular diagnostic devices and equipment market is experiencing growth due to the increasing prevalence of infectious maladies.
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#What Long-Term Growth Rate is Expected for theMolecular Diagnostics Devices And Equipment Market Between 2025 and 2034?
In the last few years, there has been robust growth in the size of the molecular diagnostics devices and equipment market. The market value is projected to increase from $17.58 billion in 2024 to $19.01 billion in 2025 with a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this growth during the historic period include increased funding, enhancements in healthcare expenditure, economic development in emerging markets, quick technological progress, the appearance of new pathogenic infestations, and a fast increase in the elderly population.
In the forthcoming years, the market for molecular diagnostics devices and equipment is predicted to witness robust growth, reaching up to a size of $24.77 billion by 2029 at a CAGR of 6.8%. This projected growth for the forecast period can be ascribed to various factors such as the swift surge in bacterial and viral epidemics, an aging population, expanded access to healthcare, a rising incidence of chronic diseases, and an elevated demand for molecular diagnostic devices and equipment spurred by the COVID-19 pandemic. The forecast period is also likely to feature key trends such as automation in molecular diagnostics, the utilization of artificial intelligence, amplified demand for the devices in researching rare diseases, a growing inclination towards big data, the use of next-generation sequencing for newborn screening, and the rise of point-of-care molecular diagnostics (POC mdx).
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What Are the Most Significant Market Trends Transforming theMolecular Diagnostics Devices And Equipment Market?
Leading companies in the molecular diagnostic market are concentrating their efforts on creating automated versions of devices and equipment used in molecular diagnostic procedures. Such automation will enhance both the productivity and regularity of the entire diagnostic proceso. Shifts towards computerized diagnostics yield accurate and efficient results that may not be achieved using various experts for manual testing. These industry leaders utilize the Oral Fluid Nano Sensor Test (OFNASET), a nanotechnology-based process which employs a microfluidic-based nanosensor to identify oral cancer biomarkers present in saliva. In response to the growing emphasis on automation and precision, Roche developed the cobas connection modules (CCM) to enhance scalability and sample-flow efficacy, enabling samples to automatically transition between different systems and apparatus, thus establishing a completely automated workflow.
What Are the Top Market Players Propelling the Growth of theMolecular Diagnostics Devices And Equipment Industry?
Major companies operating in the molecular diagnostics devices and equipment market include F. Hoffmann-La Roche Ltd, QIAGEN N.V., Abbott Laboratories, Danaher Corporation, Biomérieux, Becton Dickinson & Co, Siemens Healthineers AG, Grifols S.A., Sysmex Corporation, Abbott India Limited, Qiagen India Pvt Ltd, Biocartis, Bio-Techne India Private Limited, Cleaver Scientific, Zhejiang Di’an Diagnostics Technology Co. Ltd, ADICON Clinical Laboratories, Guangzhou Kingmed Diagnostics Center Co. Ltd., Kindstar Global, BGI-Shenzhen, OriGene Technologies, Bayer AG, Johnson & Johnson, Nippon Becton Dickinson Company, QuantuMDx, Yourgene Health, Genefirst, Interlabservis, GeneMe, TestLine, Clinical Diagnostics s.r.o, Hologic Inc., Illumina Inc., Novartis AG, Cepheid Inc., Admera Health, Agilent technologies Inc., AutoGenomics, Bio-Red Laboratories Inc, Ortho Clinical Diagnostics Inc, Sysmex Middle East FZ-LLC, QIAGEN SA (Pty) Ltd.
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Which Primary Segments of the Molecular Diagnostics Devices And Equipment Market Are Driving Growth and Industry Transformations?
The molecular diagnostics devices and equipment market covered in this report is segmented –
1) By Product: Instruments, Reagents And Consumables, Software
2) By Technology: DNA(Deoxyribonucleic acid) sequencing, Polymerase chain reaction, Isothermal Nucleic Acid Amplification Technology, Transcription Mediated Amplification (TMA), In situ hybridization, Microarrays, Mass spectrometry, Other Technologies
3) By Application: Cancer, Pharmacogenomics, Genetic testing, Infectious disease, Prenatal, Other Applications
4) By End User: Diagnostic laboratories, Hospitals, Other End Users
Subsegments:
1) By Instruments: Polymerase Chain Reaction (PCR) Machines, Nucleic Acid Analyzers, DNA Sequencers, Microarrays
2) By Reagents And Consumables: PCR Reagents, DNA Probes And Primers, Sample Preparation Kits, Control And Calibration Materials
3) By Software: Data Analysis Software, Laboratory Information Management Systems (LIMS), Bioinformatics Software, Integration Software For Instrumentation
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Molecular Diagnostics Devices And Equipment Market?# Market?
Asia-Pacific was the largest region in the global molecular diagnostics devices (or) equipment market in 2024. Western Europe was the second largest market in molecular diagnostics devices (or) equipment market. The regions covered in the molecular diagnostics devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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