Asia Pacific Molecular Diagnostics Market Size & Outlook
Asia Pacific molecular diagnostics market, 2018-2030 (US$M)
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Asia Pacific molecular diagnostics market highlights
- The Asia Pacific molecular diagnostics market generated a revenue of USD 12,089.8 million in 2023.
- The market is expected to grow at a CAGR of -10.4% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 12,089.8 million |
| Market revenue in 2030 | USD 5,603.3 million |
| Growth rate | -10.4% (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 |
| Key market players worldwide | Becton Dickinson & Co, BioMerieux SA, Bio-Rad Laboratories Inc, Abbott Laboratories, Agilent Technologies Inc, Danaher Corp, Hologic Inc, Illumina Inc, Grifols SA Ordinary Shares - Class A, Qiagen NV, Roche Holding AG, Siemens Healthineers AG ADR, Sysmex Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.7% of the global molecular diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,082.9 million by 2030.
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 47.27% in 2023. Horizon Databook has segmented the Asia Pacific molecular diagnostics market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be the fastest-growing market over the forecast period. Clinicians can use molecular diagnostics to diagnose diseases at an early stage. It is also used in prenatal screening to detect fetal abnormalities and understand the genetic makeup of individuals & their drug responses in personalized healthcare.
In some of the developed economies in the Asia Pacific, hospitals receive reimbursement from governments for molecular diagnostic devices. On the other hand, underdeveloped economies provide less reimbursement, making patients accountable for the financial burden of treatments.
However, these countries are expected to develop their guidelines over the forecast period. Furthermore, governments often reimburse new devices at a price identical to similar devices. Improving healthcare reimbursement guidelines, a large target population.
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Target buyers of Asia Pacific molecular diagnostics market databook
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Our clientele includes a mix of molecular diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific molecular diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific molecular diagnostics market size, by country, 2018-2030 (US$M)
Asia Pacific Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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