Additionally, the global prevalence of cancer is growing, which is boosting the molecular diagnostics market growth. As a result of the growing frequency and patient pool, the demand for molecular diagnostics rose with time. With two-thirds of the total, India leads the pack, followed by China, Indonesia, the Philippines, Pakistan, Nigeria, Bangladesh, and South Africa. In 2020, the top 30 tuberculosis-affected nations accounted for 86.5% of new cases. Tuberculosis affects individuals of various ages and origins. There are 5.8 million males, 3.5 million women, and 1.5 million children in this group. Tuberculosis was expected to affect roughly 10.5 million persons worldwide in 2020. According to the World Health Organization's 2020 report, TB is the world's 13th largest cause of death and the second leading infectious illness, after only COVID-19 (but ahead of HIV/AIDS). Large outbreaks of bacterial and viral epidemics throughout the world, rising need for point-of-care diagnostics, recent advances in pharmacogenomics, and quickly growing technology are some of the reasons driving the market growth. To know about the Research Methodology :- Request Free Sample Report Molecular Diagnostics Market Dynamics: Market Driver: Major Epidemics of the Modern Era The Molecular Diagnostics Marketing market report includes detailed financial information about leading manufacturers, such as year-over-year sales, revenue growth, CAGR, manufacturing cost analysis, and value chain structure. It covers effective company tactics, customer preferences, government restrictions, current competition activities, as well as future business prospects, and market concerns. Future market elements are mostly offered based on the factors that firms contribute to market estimation, significant trends, and segmentation analysis. The research includes market characteristics, size, growth, segmentation, geographical breakdowns, market shares, trends, and business plans on both the demand and supply sides. On the other hand, increased acceptance of molecular diagnostics in emerging economies is likely to create profitable potential for market growth during the forecast period. However, rigorous regulatory criteria for the licensing of novel molecular diagnostic techniques are expected to hamper the growth of the molecular diagnostic market during the forecast period. Additionally, increased knowledge and acceptance of tailored treatments, as well as advancements in biomarker discovery, boost the market growth. The growing frequency of infectious illnesses and cancers is driving the growth of the molecular diagnostics market. (Using enzyme-linked immunosorbent assay (ELISA) and proteomics). Molecular diagnostics are widely utilized, powerful, and sensitive approaches for identifying biological markers in the genome and proteome by detecting bacterial genes (through PCR-based techniques) and quantifying expressed bacterial infection-specific proteins. It is a set of procedures used to assess biological markers in the genome and proteome, as well as how their cells express their genes as proteins, therefore using molecular biology in medical diagnostics. Molecular diagnostics involves the identification of genetic polymorphisms with the goal of facilitating detection, diagnosis, subclassification, prognosis, and monitoring response to therapy. in 2022 and the total Molecular Diagnostics revenue is expected to grow by 7 % from 2023 to 2029, reaching nearly USD 37.8 Bn. Molecular Diagnostics Market size was valued at USD 23.5 Bn.
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