The global infectious disease molecular diagnostics market size is expected to reach USD 40.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 3.0% from 2020 to 2028. The market is driven by the introduction of technologically advanced products and an increase in demand for molecular diagnostics in PoC settings.
Rapid technological advancements with portability, accurate results, and cost-effectiveness are anticipated to serve as crucial drivers of the market for infectious disease molecular diagnostics. Companies are upgrading their products by implementing new techniques to gain specific and accurate results. Key players are updating their product portfolio for PCR instruments with increased R&D initiatives for developing novel kits to target emerging diseases or by entering into agreements with other kit manufacturing companies.
Technologies such as INAAT, mass spectroscopy, and ISH are advanced and have a low false-positive rate as compared to other traditional diagnostic tests. Advantages such as the cost-effectiveness and user-friendliness of this technology and the accuracy offered are estimated to increase the adoption of this technology.
The use of molecular diagnostics in research institutes is increasing. The use of techniques such as PCR, western blotting, and southern blotting is becoming common. Moreover, the spread of SARS-CoV-2 infection globally has led to an increase in research funding by governments as well as diagnostic companies to search for innovative molecular diagnostics.
Molecular diagnostics deliver effective and accurate results. Moreover, these tests enable the early detection of diseases, maintaining a low threat of substitutes. However, the high prices of these tests are expected to encourage patients to shift to external substitutes. Moreover, for the detection of newer infections such as SARS-CoV-2, the rate of internal substitution is high, which boosts competitive rivalry.
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The reagent segment is expected to exhibit the fastest growth rate attributable to increased adoption
The growing geriatric population in Asian countries, such as Japan and China, with high untapped opportunities is expected to drive the market for infectious disease molecular diagnostics in the region during the forecast period
The In Situ Hybridization (ISH) segment is anticipated to witness the fastest growth rate owing to high sensitivity and lower complexity
The high growth rate of the market for infectious disease molecular diagnostics in the Asia Pacific can be attributed to increased access to healthcare in the developing nations
Grand View Research has segmented the global infectious disease molecular diagnostics market based on product, end use, technology, application, and region:
Infectious Disease Molecular Diagnostics Product Outlook (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Infectious Disease Molecular Diagnostics End-use Outlook (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Infectious Disease Molecular Diagnostics Technology Outlook (Revenue, USD Million, 2017 - 2028)
Polymerase Chain Reaction (PCR)
PCR, by Type
Multiplex PCR
Other PCR
PCR, by Product
Instruments
Reagents
Services
In Situ Hybridization
Instruments
Reagents
Services
Isothermal Nucleic Acid Amplification Technology (INAAT)
Instruments
Reagents
Services
Chips and Microarrays
Instruments
Reagents
Services
Mass Spectrometry
Instruments
Reagents
Services
Sequencing
Instruments
Reagents
Services
Transcription Mediated Amplification
Instruments
Reagents
Services
Others
Instruments
Reagents
Services
Infectious Disease Molecular Diagnostics Application Outlook (Revenue, USD Million, 2017 - 2028)
Respiratory Diseases
Tuberculosis
Meningitis
Gastrointestinal Tract Infections
HPV
Sexually Transmitted Infections
Sepsis
Drug Resistance Diseases
Other Infectious Diseases
Respiratory Diseases Outlook (Revenue, USD Million, 2017 - 2028)
Respiratory Diseases, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Respiratory Diseases, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Respiratory Diseases, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Tuberculosis Outlook (Revenue, USD Million, 2017 - 2028)
Tuberculosis, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Tuberculosis, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Tuberculosis, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Meningitis Outlook (Revenue, USD Million, 2017 - 2028)
Meningitis, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Meningitis, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Meningitis, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Gastrointestinal Tract Infections Outlook (Revenue, USD Million, 2017 - 2028)
Gastrointestinal Tract Infections, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Gastrointestinal Tract Infections, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Gastrointestinal Tract Infections, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
HPV Outlook (Revenue, USD Million, 2017 - 2028)
HPV, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
HPV, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
HPV, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Sexually Transmitted Infections Outlook (Revenue, USD Million, 2017 - 2028)
Sexually Transmitted Infections, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Sexually Transmitted Infections, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Sexually Transmitted Infections, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Sepsis Outlook (Revenue, USD Million, 2017 - 2028)
Sepsis, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Sepsis, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Sepsis, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Drug Resistance Disease Outlook (Revenue, USD Million, 2017 - 2028)
Drug Resistance Disease, By Product (Revenue, USD Million, 2017 - 2028)
Instruments
Reagents
Services
Drug Resistance Disease, By End Use (Revenue, USD Million, 2017 - 2028)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
Drug Resistance Disease, By Technology, (Number of Tests Performed from 2017 - 2028 in Million) (Revenue, USD Million, 2017 - 2028)
Polymerase chain reaction (PCR)
In Situ Hybridization
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification
Others
Infectious Disease Molecular Diagnostics Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
South Korea
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
List of Key Players of Infectious Disease Molecular Diagnostics Market
Abbott
Becton, Dickinson and Company
bioMérieux SA
Bio-Rad Laboratories, Inc.
Agilent Technologies, Inc.
Danaher Corporation
Hologic, Inc. (Gen-Probe)
Illumina, Inc.
Grifols S.A.
Qiagen
F. Hoffmann-La Roche Ltd
Siemens Healthineers AG
Sysmex Corporation
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