Global Molecular Diagnostics Market Will Grow at a Cagr of 9% During the Forecast Period by 2020

Global Molecular Diagnostics Market will Grow at a CAGR

of 9% during the forecast period by 2020

New York, May 26: Market Research Engine has published a new report titled as

“Molecular Diagnostics Market by Application, Technology (PCR, Microarray, DNA

Sequencing), End User (Hospital, Laboratories), Product (Instruments, Reagent,

Software) - Forecast to 2023”

Molecular diagnostics is a technique used to analyse, diagnose, monitor and treat disease.

Using molecular diagnostics process it identify a disease by examining different molecules

such as deoxyribonucleic acid (DNA), ribonucleic acid (RNA), protein and in tissue. Molecular

diagnostics are primarily used for healthcare diagnosis and also used for research purpose.

Molecular diagnostics provide more accurate results and they are playing a vital role in

health care system.

Browse Full Report: http://www.marketresearchengine.com/reportdetails/moleculardiagnostics-market

The molecular diagnostics market is expected to exceed more than US$ 9.0 Billion by 2020

growing at around 9% CAGR during the forecast period. The main driving factors for

molecular diagnostics market are increased awareness and usage of personalized medicine.

The companion diagnostics will grow eventually with growth of personalized medicine which

in turn will drive the molecular diagnostics products and services market. It contains high

prevalence rate of infectious diseases and various types of cancer. The new biomarkers are

developed using molecular techniques which are applied in molecular diagnostics. It

increases the growth in proteomics and genomics research. The molecular diagnostics

market has some restraints such as it require new tools which contain complex platforms

which require skilled and experienced workers. Because of mandatory training and complex

regulatory framework gives delay approvals of new molecular diagnostic tests.

This report provides:

1) An overview of the global market for molecular...