The swift growth in several different infectious and bacterial epidemics globally and demand for better diagnostic methods is expected to favor the rise in the molecular diagnostics instruments market
Meridian Market Consultants (MMC) has published a new report titled, “2020-2025 Global and Regional Molecular Diagnostic Instrument Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report (Enhanced Version)”
Global molecular diagnostics instruments market, By Product Type (PCR Instrument, ISH Instrument, Gene Chip Matching Equipment), By Applications (Infectious Diseases, Oncology, Genetics, Blood Screening, Microbiology), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2025.
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As per the report, the molecular diagnostics instruments or equipment market comprises molecular diagnostics equipment and associated services. Molecular diagnostics instruments serve their utility in diagnosing bacterial and infectious ailments and carry out examination by identifying particular sequences in RNA or DNA at the molecular level. As a result, the molecular diagnostic equipment assists the medical practitioners in prescribing treatment in a more appropriate manner and more precise therapeutic interventions at a much early stage of any disease. Owing to which, the molecular diagnostic equipment is witnessing huge demand across the global market, thus the global molecular diagnostic instruments market is projected to cultivate further in the near future.
Along with that, the rapid hike in bacterial and infectious ailments among the population mainly caused by the harmful viruses, bacteria, fungi, or parasites is also estimated to give a positive push to the growth of the global molecular diagnostics equipment market in the forthcoming years. For instance, by 2019 March, 72 Zika virus illness cases were recorded in the United States and 148 Zika virus illness cases recorded in US Territories, as per the reports from the Centers for Disease Control and Prevention (CDC), United States.
The quick spread of such harmful bacterial ailments among the population is constantly stimulating the demand for advanced diagnostic methods across the world, which is further propelling the growth of the global molecular diagnostic instruments market.
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Likewise, several governments and organizations from all across the world are conjointly extending their financial support in order to further support the molecular diagnostics techniques, thereby boosting the growth of the global molecular diagnostics equipment market. However, the stringent regulatory policies in a few regions are also likely to restrict the growth of the global molecular diagnostic instruments market in the near future.
Nevertheless, the major market players of the global molecular diagnostics equipment industry are constantly aiming their focus on building automated solutions for instruments and equipment to carry out the molecular diagnostic procedures. Attributable to which, the global molecular diagnostic equipment market is estimated to augment positively during the forecast period as computerization as well as automation of the whole procedure is projected to improve the productivity and uniformity of the overall molecular diagnostic procedure.
Furthermore, the advent of advanced technologies like nanotechnology is also projected to give a breakthrough to the growth of the global molecular diagnostics instruments market in the coming years as the test can serve its utility for the determination of oral cancer biomarker in saliva by using microfluidic-based Nanosensor.
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MMC Study identifies some of the key participating players in the molecular diagnostics instruments market globally are Roche Ltd, Hologic, QIAGEN, Abbott, Danaher Corporation, among several others.
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