Molecular Diagnostics Market Set To Grow To $11bn By 2021
14 August 2018
Visiongain has launched a new pharma report The Molecular Diagnostics (MDx) Market Forecast 2017-2027: Infectious Disease Testing, Oncology Testing, Blood Screening, Genetic Testing, Tissue Typing
Molecular diagnostics is a fast-growing and rapidly evolving sector of the IVD market, made possible by the growing understanding of the human genome. Molecular diagnostics tests have also led to the emerging field of companion diagnostics, in which a MDx test is used to identify whether a specific therapy is likely to be effective for an individual patient. The market for MDx is growing rapidly due to increasing biomarker discover and adoption rates, but its growth is limited by several regulatory and reimbursement issues.
The lead analyst of the report commented “There will be increasing adoption of molecular diagnostics over the forecast period as the benefits of increasing accuracy and speed of diagnosis become increasingly apparent. Another driver for the MDx industry will be the advent of Point-Of-Care MDx testing, which will greatly increase the potential availability of molecular testing as it moves out of high and moderate complexity laboratories into primary care settings such as hospitals and physicians’ offices.
The advent of personalised healthcare is also being driven by molecular diagnostics, as the ability to better stratify patients with added genetic information will allow physicians to select treatments that have a higher chance of success in an individual patient, as well as allowing for more detailed monitoring and evaluation of disease progression”
Leading companies featured in the report include Roche Diagnostics, Qiagen, Hologic, bioMérieux, Agilent Technologies, Becton, Dickinson & Company,
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