Albany, NY — 12/22/2017 — Molecular diagnostics is one of the more dynamic and transformative fields in medical diagnostics, and is often the source of advances in medical treatments as well as further research and development efforts. These efforts benefit the modernization and development of the healthcare industry across broad range of health conditions and infectious diseases. The global infectious disease molecular diagnostics tests market is currently showing a considerable level of promise due to the increasing adoption rate of molecular diagnostic technologies. The market is further supplemented by the escalating incidence rates of infectious diseases in the world.
This report is a thorough reading of the global infectious disease molecular diagnostics tests marketand its current drivers, trends, and restraints. It also delivers market forecasts for the coming years along with an in-depth analysis of recent developments the market. The report makes use of research methodologies such as Porter's five force model analysis to provide a holistic snapshot of the market. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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The primary driver for the global infectious disease molecular diagnostics tests market currently has to be the increasingly high adoption rate of advanced molecular diagnostics and tests. Developed economies already possess an advanced infrastructure for players in the global infectious disease molecular diagnostics tests market to thrive in. At the same time, emerging economies are likely to propose several avenues of growth opportunities for players over the coming years. The market is also being pushed by the increasing rate of spread of infectious diseases across the world.
According to UNAIDS, close to 1.3 mn patients were diagnosed with HIV within the U.S. along, in 2012. The WHO added that nearly 35 mn people were living with HIV globally in 2013. These number are shown to be likely to increase over the coming years, if feasible treatment options are not provided in time.
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The global infectious disease molecular diagnostics tests market also brings added advantages to the table, including the ability to identify multiple strains viruses, and help monitor the level and stage of the HIV virus in a patient. The market is, however, currently restricted by the high costs associated with these advanced testing and diagnostics.
The global infectious disease molecular diagnostics tests market is currently witnessing a significant rate of expansion on average. The regional distribution of the market finds North America to be in the leading position, followed by Europe. Both regions hold advanced medical infrastructure, which makes it easier for them to implement the latest technologies from this market. Additionally, the rate of spread of infectious diseases is expected to continue increasing over the coming years, due to the likely spread of diseases such as hepatitis, the HPV, and bacterial infections.
At the same time, nations from the Asia Pacific and Latin America regions are showing a tremendous rate of growth for players from the global infectious disease molecular diagnostics tests market. The healthcare industries of Asia Pacific especially is expanding at a very high pace, making it easier to implement advanced molecular diagnostics labs and equipment. Latin America and the Middle East are also favorable regions for the implementation of modem infectious disease molecular diagnostics tests.
The leading players in the global infectious disease molecular diagnostics tests market so far, have included Abbott Laboratories, Affymetrix, Inc., Becton, Dickinson and Company, bioMérieux, Cepheid, Inc., Hologic, Inc., Life Technologies, Myriad Genetics, Inc., and Qiagen N.V.
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