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BANGALORE, India, Nov. 18, 2019 /PRNewswire/ -- Molecular diagnostic screening is used to identify different DNA or RNA sequences, including single nucleotide polymorphism (SNP), deletions, rearrangements, insertions, and others for further detection of the disease. These combined methods, such as genome and proteome, helps examine biological markers at the molecular level. These methods are used to treat various infectious diseases

It is expected that technological advances in molecular diagnostics will drive the market dramatically as they allow for greater precision, portability and cost-effectiveness. The launch of MinION, a compact and inexpensive sequencer for users in point-of-care facilities and small peripheral laboratories by Nanopore Technologies, is expected to fuel market growth.

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Trends Influencing The Molecular Diagnostics Market Share

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Region Wise Analysis Of Molecular Diagnostics Market Share

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Key Benefits for Stakeholders

Top Investment Pockets

The global molecular diagnostics market is segmented by application into infectious diseases, oncology, genetic testing, blood screening, and others (microbiology, neurological diseases, and cardiovascular diseases).

Infectious diseases projected the highest revenue in 2016, with a CAGR of 9.3% for the forecast period of 2017-2023, owing to an increase in the number of patients suffering from different viral and bacterial infections, such as Human Immunodeficiency Virus (HIV), Hepatitis C virus(HCV), Human Papillomavirus(HPV), Chlamydia trachomatis/ Neisseria gonorrhoeae (CT/NG), and others. Along with the improving healthcare facilities treating these diseases in the emerging nations.

Molecular Diagnostics Market Key Segments

By Product

By Technology

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By Application

By End Users

By Geography

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Global Molecular Diagnostics Market Size was Valued at 5,962 Million US$ in 2016 and is Expected to Reach 10,557 Million US$ with a CAGR of 9.1% by...

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