Global Molecular Methods Market, By Product (Reagents and Consumables, Instruments, Services), Technology (Polymerase Chain Reaction (PCR), Immunoassay, Biosensors, Microarray, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, the global molecular method market is experiencing a major growth, and will grow considerably in next few years. Molecular methods involve the use of molecular biology such as biochemistry, genetics, and biophysics which generally includes manipulation and analysis of deoxyribonucleic acid, ribonucleic acid, protein, and lipid.
Data Bridge Market Research analyses that the molecular methods market is expected to reach the value of USD 3.50 billion by the year 2029, at a CAGR of 6.87% during the forecast period. “Polymerase Chain Reaction (PCR)” segment accounted for the highest market share in the technology segment.
Market Definition
Current molecular methods include genetic testing, epidemiologic studies, tissue typing, in situ hybridization, forensics, parentage testing, and detection, identification, and classification of microorganisms. Molecular techniques have also been widely used in surveillance, mutation and other genetic studies of foodborne pathogens to increase our understanding into the primary source of foodborne pathogens, source of infection and genetic diversity
Molecular Methods Market Dynamics
Drivers
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Improvement in food safety regulations
Nowadays without food safety regulations restaurants can’t operate if they break rules they have to pay hefty fines or even they can get closed.
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Rapid advancement in automation of food testing protocols
One of the fastest growing industry is automation industry and it is very positively affecting the molecular methods. Additionally, increasing occurrence of food borne illness, growing demand of the packaged and organic food products positively affect the molecular methods market.
Opportunities
Furthermore, growing use of molecular methods in clinical diagnostic technique extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, high emphasis on streamlining imaging workflows will further expand the molecular methods market's growth rate in the future.
Restraints/Challenges
On the other hand, rise in the cost of advanced molecular testing equipment are expected to obstruct market growth. Also, lack of food safety awareness in emerging economies are projected to challenge the molecular methods market in the forecast period of 2022-2029.
This molecular methods market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the molecular methods market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Molecular Methods Market
The market demand for COVID-19 vaccine has increasing, due to increase in the everyday cases across the globe. Thus, leading to increase in the demand of rapid diagnostic testing. For instance, according to many research it is found that real time PCR (RT-PCR) is most inexpensive and effective method for the diagnosis of COVID-19 testings. Moreover, molecular techniques are more suitable than syndromic testing and nucleic acid testing is the primary method of diagnosing COVID-19.
Global Molecular Methods Market Scope
The molecular methods market is segmented on the basis of product and technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Solutions reagents
- Consumables
- Instruments
- Services
Based on product, the molecular methods market is segmented into reagents and consumables, instruments and services.
Technology
- Polymerase chain reaction (PCR)
- Immunoassay
- Biosensors
- Microarray
- Others
Molecular method market has also been segmented based on the technology into polymerase chain reaction (PCR), immunoassay, biosensors, microarray and others.
Molecular Methods Market Regional Analysis/Insights
The molecular methods market is analysed and market size insights and trends are provided by country, product and technology as referenced above.
The countries covered in the molecular methods market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the molecular methods market because of prevalence of food safety regulations such as food safety modernisation act, drug and cosmetic act within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because government will improve the technical competence of food safety management in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The molecular methods market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for molecular methods market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the molecular methods market. The data is available for historic period 2010-2020.
Competitive Landscape and Molecular Methods Market Share Analysis
The molecular methods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to molecular methods market.
Some of the major players operating in the molecular methods market are QIAGEN, 3M, Veredus Laboratories, NEOGEN CORPORATION, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., bioMérieux SA, HiMedia Laboratories, Eurofins Scientific, SGS SA, ArcherDX, Inc., F. Hoffmann-La Roche Ltd, Agilent Technologies, Inc., Beckman Coulter, Inc., BD, General Electric, Merck KGaA, PerkinElmer, Inc., Promega Corporation and Siemens Healthcare Private Limited among others.
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