The Global Molecular Diagnostics Devices And Equipment Market Report by The Business Research Company covers molecular diagnostics devices and equipment market drivers and restraints, molecular diagnostics devices and equipment market size, major players, and the impact of COVID-19 on the molecular diagnostics devices and equipment market.

 The molecular diagnostics devices and equipment market consists of sales of molecular diagnostics devices and related services. Molecular diagnostics devices are used to diagnose diseases and perform screening by detecting specific sequences in deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) at a molecular level. It helps doctors to prescribe more accurate therapeutic interventions in the early stages of a disease. Molecular diagnostics devices and equipment are segmented by product into instruments, reagents, consumables and software. These devices and equipment are used in diagnostic laboratories, hospitals and by other end-users such as nursing homes, blood banks and clinical point of care settings.

The global molecular diagnostics devices and equipment market is expected to grow from $18,074.7 million in 2020 to $19,011.3 million in 2025 at a compound annual growth rate (CAGR) of 1.0%. The market is expected to grow to $26,508.0 million in 2030 at a compound annual growth rate (CAGR) of 6.9%.

Increasing demand for molecular diagnostic devices and equipment in diagnostics for COVID-19 is expected to be a major driver of the market going forward. There has been an increase in the adoption of next generation sequencing technology in the diagnostics of infections owing to its high efficiency and accuracy. The advantage of using a next generation sequencing test is that it can generate information about the genomic sequence of the virus present in a sample along with detecting the presence of the virus in the sample. This genomic information can be used for research purposes too, thus supporting the growth of the market.

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Some molecular diagnostic devices and equipment market trends include developing automated solutions for devices and equipment used for molecular diagnostic processes. Automation of the process will help to enhance productivity and consistency of the whole diagnostic process. Moreover, AI is increasingly being used within genomics across next generation sequencing workflow-analysis, including primary, secondary, and tertiary analysis. It is important for researchers to decide on the number of base pair reads needed to obtain optimal coverage across the genome, for instance, the theoretical depth of coverage.

Global molecular diagnostics devices and equipment market segments include:

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, In Situ Hybridization, Microarrays, Other Technologies

4) By Application: Cancer, Pharmacogenomics, Genetic testing, Infectious diseases, Prenatal, Other applications

5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Molecular Diagnostics Devices And Equipment Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides molecular diagnostics devices and equipment market overviews, analyzes and forecasts market size, share, molecular diagnostics devices and equipment market players, molecular diagnostics devices and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The molecular diagnostics devices and equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Molecular Diagnostics Devices And Equipment Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: F. Hoffmann-La Roche Ltd, QIAGEN N.V., Hologic, Abbott Laboratories, Danaher Corporation

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Molecular Diagnostics Devices And Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Molecular Diagnostics Devices And Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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