Global Molecular Diagnostics Market Size & Outlook
Global molecular diagnostics market, 2018-2030 (US$M)
Related Markets
Global molecular diagnostics market highlights
- The global molecular diagnostics market generated a revenue of USD 48,907.9 million in 2023 and is expected to reach USD 20,975.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of -11.4% by 2030.
- In terms of segment, outpatient facilities accounted for a revenue of USD 22,974.2 million in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 48,907.9 million |
| Market revenue in 2030 | USD 20,975.7 million |
| Growth rate | -11.4% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Home Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care |
Other key industry trends
- In terms of revenue, the North America accounted for 40.2% of the global molecular diagnostics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 571.0 million by 2030.
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global molecular diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to molecular diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 46.97% in 2023. Horizon Databook has segmented the Global molecular diagnostics market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Molecular Diagnostics End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Outpatient Facilities
- Home Care
- Research & Manufacturing
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Our clientele includes a mix of molecular diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global molecular diagnostics market , including forecasts for subscribers. This global databook contains high-level insights into Global molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global molecular diagnostics market size, by region, 2018-2030 (US$M)
Top 10 countries: Molecular diagnostics market size, 2023 (US$M)
Global molecular diagnostics market share, by end use, 2023 & 2030 (%, US$M)
Molecular diagnostics market: Opportunity assessment by country
Global molecular diagnostics market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 391.6 | 431.0 | 1,456.9 | 2,601.2 | 2,405.0 | 2,168.6 | 1,942.3 | 1,738.0 | 1,497.6 | 1,316.6 | 1,191.9 | 1,116.9 | 1,082.9 | -6.2% |
| Europe | 2,196.9 | 2,365.8 | 8,936.8 | 16,286.6 | 14,972.2 | 13,368.1 | 11,799.3 | 10,344.1 | 8,618.4 | 7,253.9 | 6,236.0 | 5,524.6 | 5,065.7 | -9.7% |
| North America | 3,801.6 | 4,095.2 | 13,327.3 | 23,711.6 | 21,888.6 | 19,667.3 | 17,505.2 | 15,511.9 | 13,149.5 | 11,301.2 | 9,944.1 | 9,020.0 | 8,451.2 | -8.2% |
| MEA | 287.0 | 314.5 | 1,068.0 | 1,920.4 | 1,783.8 | 1,614.1 | 1,448.5 | 1,296.1 | 1,112.6 | 971.2 | 870.6 | 806.5 | 772.8 | -6.6% |
| Asia Pacific | 1,766.5 | 1,963.2 | 7,764.3 | 14,347.8 | 13,354.5 | 12,089.8 | 10,841.2 | 9,681.6 | 8,261.0 | 7,158.9 | 6,370.6 | 5,866.7 | 5,603.3 | -7.2% |
| Overall | 8,443.5 | 9,169.6 | 32,553.2 | 58,867.5 | 54,404.0 | 48,907.9 | 43,536.5 | 38,571.7 | 32,639.1 | 28,001.7 | 24,613.2 | 22,334.7 | 20,975.7 | -11.4% |
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