The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Asia-Pacific held the largest molecular diagnostics devices and equipment market share.

The global molecular diagnostics devices and equipment market is expected to grow from $27.65 billion in 2022 to $30.82 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The molecular diagnostics devices and equipment market size is expected to grow from $43.28 billion in 2027 at a CAGR of 8.9%.

Major Driver In The Molecular Diagnostics Devices And Equipment Market ­– Rise In Various Bacterial And Viral Epidemics
Melioidosis, for example, was declared a multistate epidemic in October 2021 by the Centres for Disease Control and Prevention (CDC) in the United States. As a result, the increase of such chronic diseases serves as a primary motivator for industry participants to produce more precise and advanced diagnostic systems and equipment. Following an increase in demand for early identification of B. pseudomallei, InBios released the Active Meliodosis DetectTM point of care diagnostic test.

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 Key Molecular Diagnostics Devices And Equipment Market Segments
1) By Product: Instruments, Reagents, Consumables
2) By End User: Diagnostic laboratories, Hospitals, Others( nursing home, blood banks, point of care)
3) By Technology: DNA(Deoxyribonucleic acid) sequencing, Polymerase chain reaction, Isothermal Nucleic Acid Amplification Technology, Transcription Mediated Amplification (TMA), In situ hybridization, Microarrays, Mass spectrometry, Others (southern blotting, northern blotting, electrophoresis)
4) By Application: Cancer, Pharmacogenomics, Genetic testing, Infectious disease, Prenatal, Neurological disease, Cardiovascular disease

Recent Molecular Diagnostics Devices And Equipment Market Trend – Developing Automated Solutions
The leading participants in the molecular diagnostic sector are working on providing automated solutions for molecular diagnostic devices and equipment. The automation of the process will help to improve the overall productivity and consistency of the diagnostic process. The computerization of the diagnostic procedure results in more trustworthy and efficient test findings than manual testing by diverse experts. The biggest participants in the market use the Oral Fluid Nano Sensor Test (OFNASET), which is based on nanotechnology. The test detects oral cancer indicators in saliva using a microfluidic-based nanosensor. To stay up with the automation and accuracy trend, Roche developed cobas connection modules (CCM) to improve scalability and sample-flow efficiency by allowing samples to be moved automatically between multiple systems and equipment. As a result, producing a fully automated workflow.

Molecular Diagnostics Devices And Equipment Market Prominent Players
Major players in the molecular diagnostics devices and equipment market are Roche Ltd., Hologic, QIAGEN, Abbott, Danaher Corporation, Bio-Rad Laboratories, Siemens Healthcare, Becton Dickinson and Company, Cepheid Inc., and bioMerieux S.A.

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The Molecular Diagnostics Devices And Equipment Global Market Report 2023  provides a comprehensive overview on the molecular diagnostics devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the molecular diagnostics devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Molecular diagnostics devices identify specific sequences in DNA or RNA to diagnose infectious illnesses and perform screening. It enables physicians to prescribe more precise treatment approaches in the early stages of a disease.

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