Overview

The Global POC molecular diagnostics market growing at a CAGR of 6.9% during the forecast period 2024-2031.

Molecular diagnostics is a field of medical diagnostics focused on analyzing biological markers in the genome and proteome. Recent advancements, especially in point-of-care (POC) molecular diagnostics, have been significant.

POC molecular diagnostics are tests that can be conducted quickly and conveniently at or near the patient's location, eliminating the need for specialized laboratory equipment or highly trained personnel.

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Market Growth Trends

Growing prevalence of infectious diseases

Infectious diseases represent a major public health threat globally. Rapid and precise diagnosis is crucial for effective disease management, controlling outbreaks, and preventing further spread.

Point-of-care (POC) molecular diagnostics provide the ability to quickly detect pathogens at the site of care, facilitating prompt treatment and containment efforts.

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Market is segmented

By Technology:  Nucleic Acid Amplification Technologies, Hybridization Technologies, Sequencing Technologies, Others

By Application:  Infectious Disease Testing, Oncology, Genetic Testing, Blood Screening, Others

By End-User:  Hospitals and Clinics, Diagnostic Laboratories, Home Care Settings, Others

By Region:  North America, Europe, South America, Asia Pacific, Middle East, and Africa

Market Key Players

·         Roche Diagnostics

·         Abbott Laboratories

·         QIAGEN

·         Danaher Corporation

·         Thermo Fisher Scientific

·         Hologic, Inc.

·         GenMark Diagnostics

·         Luminex Corporation

·         Seegene Inc

·         Bio-Rad Laboratories

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