Healthcare Industry Molecular Diagnostics Market Analysis

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Molecular Diagnostics Market Share, Size, Analysis, Growth,
Trends and Forecasts, 2016 to 2024 | Hexa Research
" Projected to grow at a CAGR of almost 9% from
2016 to 2024, the molecular diagnostics market is
expected to witness significant growth over the
forecast period owing to rapid surge of infectious
diseases. "
The Molecular Diagnostics Market was valued at over USD 6.40 billion in 2015. It is likely to grow at a CAGR
of around 9% during the forecast period (2016-2024).
Increasing prevalence of infectious diseases, cancer, genetic disorders, and other contagious disease are
likely to drive the molecular diagnostics industry. Hospital acquired infections and other communica ble
infections are expected to boost market growth in the coming eight years. Moreover prenatal genetic testing
is also expected to increase the adoption of this diagnostics.
Unhealthy lifestyle can further contribute to large number of people getting afflicted with chronic ailments
like cardiovascular disorders and diabetes. This with further propel market growth in the coming years.
Molecular diagnostics market is divided into products, technologies, applications, test location, and regions.
On the basis of products, the market is split into instruments, reagents, and others. Reagents segment held
the largest share in 2015 with revenues exceeding USD 3.5 billion. It is expected to grow at a CAGR surpasing
12%. Instruments segment is expected to show a significant growth in the coming years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/molecular-diagnostics-
industry
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