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Global Molecular Diagnostics Market to grow at a CAGR of 10.38% during 2016-2020

Press Release   •   Nov 11, 2016 05:18 EST

About Molecular Diagnostics

The traditional trial and error techniques that were used in the field of medicine are now being replaced by accurate, safe, marker-assisted, molecular-guided treatments. Molecular diagnostics is one such technique. This is a technique that involves measurement and analysis of DNA and RNA at the molecular level to detect changes in biochemical pathways. The aim of performing these tests is to determine the location of a disease and its activity. Wide scope of application, specificity, and quick turnaround time are factors that are contributing to its importance in the IVD market.

Technavios analysts forecast the global molecular diagnostics market to grow at a CAGR of 10.38% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global molecular diagnostics market for 2016-2020. To calculate the market size, revenue generated from the sales of equipment such as automated real-time PCR, mass spectroscopy, and DNA sequencing and DNA microarray diagnostic devices, consumables, and reagents is considered.

The market is divided into the following segments based on geography:




Technavio's report, Global Molecular Diagnostics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Abbott Laboratories

Hologic Inc.


Roche Diagnostics (a division of F. Hoffmann-La Roche Ltd.)

Siemens Healthcare GmbH

Other prominent vendors


Ahram Biosystem

Analytik Jena



EKF Molecular Diagnostics

EMD Millipore

HTG Molecular

InBios International

Maxim Biomedical


Myriad Genetics

Ortho Clinical Diagnostics

Ras Lifesciences

Trivitron Healthcare

ThermoFisher Scientific

Market driver

Key to cost-effective diagnosis of cancer

For a full, detailed list, view our report

Market challenge

Reimbursement issues

For a full, detailed list, view our report

Market trend

Growth of theranostics

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?