Asia-Pacific Molecular Diagnostics Market Expected to Hit $11.87 Billion by 2030

Asia-Pacific Molecular Diagnostics Market Expected to Hit $11.87 Billion by 2030

Asia-Pacific Molecular Diagnostics Market - 2023-2030 Meticulous Research a leading market research company, published a research report titled, Asia-Pacific Molecular Diagnostics Marketby Product & Service (Kits, Instruments) Test Type (Lab, PoC) Technology (PCR, ISH, Sequencing, INAAT, Microarray) Application (Infectious Diseases, Oncology) End User (Hospitals, Diagnostic Lab) - Forecast to 2030 . Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5719?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=17-06-2024 As per the latest release by Meticulous Research , the Asia-Pacific molecular diagnostics market is anticipated to achieve a valuation of $11.87 billion by 2030, with a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The market's expansion is primarily fueled by factors such as escalating healthcare expenditure, the increasing utilization of Point of Care (PoC) diagnostics tests, continuous technological advancements in molecular diagnostics, and augmented funding for Research and Development (R&D) initiatives related to molecular diagnostics products. Furthermore, the growing emphasis on companion diagnostics to unlock fresh growth prospects is poised to present substantial opportunities for market development. However, obstacles such as stringent regulatory frameworks and the high costs associated with molecular diagnostics tests are anticipated to impede market growth. Moreover, the scarcity of skilled professionals poses a significant challenge to market advancement. Key Players: The prominent entities outlined in the Asia-Pacific molecular diagnostics market report include F. Hoffmann-La Roche Ltd (Switzerland), Hologic, Inc. (U.S.), QIAGEN N.V. (Netherlands), Danaher Corporation (U.S.), bioM rieux S.A. (France), Becton, Dickinson and Company (BD) (U.S.), Siemens Healthineers AG (Germany), DiaSorin S.p.A. (Italy), Abbott Laboratories (U.S.), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Illumina, Inc. (U.S.), and Seegene, Inc. (South Korea). Future Outlook of Asia-Pacific Molecular Diagnostics Market: The Asia-Pacific molecular diagnostics market is segmented based on Product & Service (Kits & Reagents, Instruments, Software & Services), Test Type (Laboratory Tests, Point of Care (PoC) Tests), Technology (Polymerase Chain Reaction (PCR), In Situ Hybridization (ISH), Isothermal Nucleic Acid Amplification Technology (INAAT), Microarrays, Sequencing, Mass Spectrometry, Other Technologies), Application (Infectious Diseases, Oncology, Genetic Testing, Neurological Diseases, Cardiovascular Diseases, Other Applications), and End User (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, Other End Users). The study also includes a comprehensive analysis of industry competitors and examines the market at the country level. Among the various products & services highlighted in the report, the kits & reagents segment is projected to dominate the Asia-Pacific molecular diagnostics market in 2023. This dominance is attributed to the frequent use of diagnostic kits, the wide array of disease-specific kits available for early diagnosis of chronic and infectious diseases, and the technological advancements in molecular diagnostics supporting this segment's substantial market share. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Asia-Pacific Molecular Diagnostics Market - 2023-2030 In terms of test types, laboratory tests are anticipated to hold the largest share of the Asia-Pacific molecular diagnostics market in 2023. The prominence of this segment stems from increased lab testing, widespread availability in hospitals, laboratories, and academic & research institutes, as well as its higher accuracy and reliability. Laboratory equipment and analyzers are renowned for their high sensitivity and specificity, and lab testing is generally more cost-effective. Regarding technologies, the polymerase chain reaction (PCR) segment is expected to lead the Asia- Pacific molecular diagnostics market in 2023. PCR technology enables the rapid amplification of specific DNA segments and is highly sensitive, making it effective for detecting low-number targets. Moreover, PCR devices are in high demand, further bolstering this segment's dominance. In terms of applications, infectious diseases are projected to command the largest share of the Asia- Pacific molecular diagnostics market in 2023. This dominance can be attributed to the escalating incidence rates of infectious diseases and the increased efforts by government organizations to prevent them through early diagnosis. The end-user landscape of the Asia-Pacific molecular diagnostics market encompasses hospitals & clinics, diagnostic laboratories, academic and research institutes, and other end users. In 2023, hospitals & clinics are expected to hold the largest share of the market. These institutions conduct a wide range of tests to diagnose various medical conditions, ensuring proper clinical planning for treatment and prevention. Buy Now@ https://www.meticulousresearch.com/Checkout/39502056?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=17-06-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com