Molecular Diagnostics Devices And Equipment Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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How has the molecular diagnostics devices and equipment market grown in recent years?
The market for molecular diagnostics devices and equipment has demonstrated robust growth in the past few years. The market, which is estimated to reach $17.58 billion in 2024, is projected to grow even further to $19.01 billion in 2025, registering a compound annual growth rate (CAGR) of 8.1%. The historical growth trend is largely due to factors like greater availability of funds, heightened healthcare spending, economic advancement in developing markets, fast-paced technological innovation, the appearance of new pathogenic infections, and a rapidly ageing population.
How is the molecular diagnostics devices and equipment market size expected to evolve during the forecast period?
It is projected that the market size for kitchen cabinets will experience significant growth in the approaching years, with an estimation to reach $235.25 billion by 2029. The anticipated rate of growth, according to the compound annual growth rate (CAGR), is 7.4%. Modern design trends, the current trends of renovation and remodeling, customization, personalization, material innovation, and smart kitchen integration are factors contributing to this growth during the forecast period. Key trends to watch out for during this period include digitalization and e-commerce, smart and integrated solutions, sustainability in materials and eco-friendly design, customization and modularity in designs, as well as color and design trends. Trends of online shopping and the emergence of virtual showrooms are also expected to shape the industry.
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Which key drivers are propelling the molecular diagnostics devices and equipment market’s growth?
The growth of the market for molecular diagnostic devices and equipment is anticipated to be driven by the increasing prevalence of infectious diseases. These diseases are caused by pathogens such as bacteria, viruses, fungi, or parasites, which can be transmitted from person-to-person or from animals to humans. Factors contributing to the increasing prevalence of these illnesses include antimicrobial resistance, globalization and travel, urbanization, socioeconomic disparities, and an aging population. The critical role of molecular diagnostic devices and equipment in detecting and managing these diseases is undeniable. For example, in March 2023, the UK’s Office for National Statistics reported that in the week ending 17 March 2023, there were 619 COVID-19 related deaths in the UK, up from 605 the previous week. Despite representing 4.5% of all deaths that week, down slightly from 4.6% the week before, it is evident that the escalating prevalence of infectious diseases is fuelling the growth of the molecular diagnostic devices and equipment market.
What are the market segments in the molecular diagnostics devices and equipment industry?
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 leading companies are shaping the growth of the molecular diagnostics devices and equipment market?
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.
What key trends are currently impacting the molecular diagnostics devices and equipment market’s development?
Prominent entities in the molecular diagnostic field are putting efforts into creating automated solutions for machinery and equipment that are integral to the molecular diagnostic procedures. Automating these procedures can enhance not only the productivity but also the uniformity of the entire diagnostic process. Further, the computerization of diagnostic procedures ensures trustworthy and efficient outcomes than testing manually done by different professionals. These notable entities are incorporating nanotechnology-based Oral Fluid Nano Sensor Test (OFNASET) in their operations. This test employs a nanosensor based on microfluidics for identifying oral cancer biomarkers present in saliva. Roche, in order to stay abreast with the automation and precision trend, has developed cobas connection modules (CCM) to enhance scalability and efficiency of sample flow by facilitating automated movement of samples across various systems and instruments, thereby fabricating a wholly automated workflow.
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Which geographic areas are influencing the growth of the molecular diagnostics devices and equipment 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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