Global Molecular Diagnostics Market: Industry Analysis and Forecast (2020-2026)
Molecular Diagnostics market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 12.4% from 2020 to 2026. Molecular diagnostics, also called molecular pathology involves taking DNA or RNA, the unique genetic code found in our cells and analyzing the sequences for red flags that can pinpoint the potential emergence of a specific disease. The field has expanded rapidly in recent years thanks to development in the pharmaceutical, and healthcare industry as well next-generation scientific sequencing advancement. Global Molecular Diagnostics Market Dynamics: Rising incidences of infectious diseases to drive molecular diagnostics market Chronic diseases such as lung diseases, Parkinson’s disease, heart disease, and diabetes affect the elderly population, which in turn has fueled the molecular diagnostics market. Alzheimer's disease and dementia are most prevalent in people aged 60 and up, according to the centers for disease control and preve