Health & Safety Industry Today
Molecular Diagnostics Market Growth Fueled by Precision Medicine and Infectious Disease Testing, Projected at $38.01B by 2034
Market Overview
The latest market study published by Polaris Market Research titled Molecular Diagnostics Market Size, Share, Trend, Industry Analysis Report By Product (Instruments, Reagents, Others), By Test Location, By Technology, By Application, By Region – Market Forecast, 2025–2034 is designed to provide users with an in-depth understanding of the market.
A comprehensive historical analysis of the market is given, along with extensive market forecasts by region/country and subsectors. The primary objective of this report is to help readers gain insights into Molecular Diagnostics Market size, trends, sales volume, revenue, historical growth, latest developments, and future outlooks. It offers a qualitative and quantitative analysis of leading participants, expansion plans, geographical regions, and share valuations across all regions.
Molecular Diagnostics Market Size
The global molecular diagnostics market was valued at USD 25.71 billion in 2024 and is projected to grow at a CAGR of 4.0% from 2025 to 2034. The increasing number of infectious diseases, including new germs, is driving the need for quick and accurate molecular diagnostic tests, which help in early detection, control, and treatment—improving public health readiness and clinical choices.
Brief About the Report
The market's supply-side and demand-side Molecular Diagnostics Market trends are evaluated in the study. The study provides important details on applications and statistics, which are compiled in the report to provide a market prediction. Additionally, it offers thorough explanations of SWOT and PESTLE analyses depending on changes in the region and industry. It sheds light on risks, obstacles, and uncertainties, as well as present and future possibilities and challenges in the market.
Key Topics Covered
- Executive Summary
- Market Overview and Scope
- Impact of Infectious Diseases and Emerging Pathogens
- Technological Innovations in Molecular Diagnostic Platforms
- Applications in Oncology, Infectious Diseases, and Genetic Testing
- Regulatory Framework and Quality Standards
- Market Drivers, Challenges, and Opportunities
- Regional and Segment Analysis
- Competitive Landscape and Key Companies
- Future Outlook and Strategic Insights
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Market Dynamic Factors
This report lists the various actors that have contributed to the market's upward trajectory. In-depth trends and opportunities in the Molecular Diagnostics Market are highlighted in the analysis. The study report also enables customers to recognize opportunities and difficulties. The research goes on to identify the principal impediments to industry development. Based on the SWOT and Porter's Five Forces models, market dynamics are evaluated, covering the important demand and price variables.
Competitive Landscape Analysis
Another significant portion of this study discusses the competitive landscape of the market. The market's top players are examined in the study. The Molecular Diagnostics Market key players have been described in terms of their key attributes in the information. The section examines their supply chains, potential for growth, Molecular Diagnostics Market share, product portfolio, capacity, cost, revenue, capabilities, expansions, investments, mergers and acquisitions, manufacturer advancements, volume, and clientele. Financial and SWOT analysis contribute to a deeper understanding of the market.
List of Major Key Players
- Abbott
- Agilent Technologies, Inc.
- BD
- 8BIOMÉRIEUX
- Bio-Rad Laboratories, Inc.
- Danaher
- F. Hoffmann-La Roche, Ltd.
- Grifols
- Hologic Inc. (Gen Probe)
- Illumina, Inc.
- QIAGEN
- Siemens Healthineers AG
- Sysmex Corporation
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Regions Covered in This Report Are
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and the rest of South America)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
The Report Provides You Answer to Below Mentioned Question
What are the molecular diagnostics market statistics?
Ans: The global molecular diagnostics market was valued at USD 25.71 billion in 2024 and is projected to reach USD 38.01 billion by 2034.
What is the growth rate of the molecular diagnostics market?
Ans: The global market is anticipated to grow at a CAGR of 4.0% during the forecast period from 2025 to 2034.
Which region dominated the global market share in 2024?
Ans: North America accounted for the largest revenue share of approximately 41% in 2024, driven by the strong adoption of advanced molecular testing technologies and a well-established healthcare infrastructure.
Who are the key players in the market?
Ans: Major players in the market include Abbott; Agilent Technologies, Inc.; BD; BIOMÉRIEUX; Bio-Rad Laboratories, Inc.; Danaher; F. Hoffmann-La Roche Ltd.; Grifols; Hologic Inc. (Gen-Probe); Illumina, Inc.; QIAGEN; Siemens Healthineers AG; and Sysmex Corporation.
Which product segment dominated the molecular diagnostics market in 2024?
Ans: The reagents systems segment dominated the market in 2024, accounting for around 66% of the revenue share, primarily due to the consistent demand for consumables used in routine molecular diagnostic testing.
Which application segment accounted for the largest revenue share in 2024?
Ans: The infectious diseases segment held the largest revenue share of approximately 62% in 2024, attributed to the high global prevalence of viral, bacterial, and emerging pathogens requiring rapid and accurate molecular detection.
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Report Summary
Moreover, a new task SWOT analysis, a venture attainability investigation, and a venture return analysis are all determined by the study. Overall, the report promises to be a reliable resource for choosing the market research that can boost your company. The study also includes a development strategy for the industry, research findings, an appendix, and a conclusion. It also highlights the most recent advancements in the Molecular Diagnostics Market.
Objectives of the Report
- To carefully analyze and forecast the size of the market by value and volume.
- To evaluate the market shares of major segments of the market
- To explain the development of the industry in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the market, their prospects, and individual growth trends.
- To offer precise and valuable details about factors affecting the Molecular Diagnostics Market forecasts
- To provide a meticulous assessment of crucial business strategies used by leading companies.
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Polaris Market Research & Consulting, Inc.
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