Molecular diagnostics, also called as
MDx, is a branch of in vitro diagnostics that helps in identification of
nucleic acids. Molecular diagnostics assist in identifying nucleic
acids in foreign organisms or genetic markers of any patient. MDx tests
is the fastest growing branch of in vitro diagnostics and its growth is
influenced by factors such as rapid turnaround time, high sensitivity,
low cost and convenient workflow. It is a highly regulated area of
biotechnology and requires 510(k)/IVD clearance.
MDx employs different assays and
platforms that are paired with several technologies for identification
of genetic variations. The various technologies used in MDx are PCR,
qPCR, TMA, FISH, capillary electrophoresis, next-generation sequencing,
and microarrays. The increase in the incidence of chronic diseases,
growth in aging population, availability of different types of tests,
and development in pharmacogenomics will be the major growth drivers of
this market.
The major segments of MDx market are
therapeutics, technology and analysis testing, test locations, and test
foundation. Geographically MDx market can be sub-segmented into North
America, Asia Pacific, Europe, and the Rest of the World. At present
many corporate actions such as mergers and acquisitions, strategic
alliances and others are taking place in this market which may
positively affect the future market scenario. The major competitors in
the MDx market are biotechnology companies such as Abbott, Roche
Diagnostics, Myriad Genetics, Gen-Probe, Illumina, Cepheid, Life
Technologies, and some others.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
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