Molecular Diagnostics Market Could Reach More Than $92 billion by 2016, Says a New Report Available From Piribo.com
February 11, 2007 (PRLEAP.COM) Health NewsPiribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has now added a new report on the growing molecular diagnostics market. “Molecular Diagnostics: Major World Markets” forecasts that what is barely an $18 billion market for molecular diagnostics could reach more than $92 billion by 2016.
The use of molecular diagnostic testing is growing at an average annual rate of more than 41% and it is moving from a specialized technology of limited use to a mainstream activity in the clinical laboratory. The use of these tests should become more of the norm in the global market. The addition of new tests in high-volume testing areas coupled with the introduction of new instrumentation which will provide greater ease, speed, and quality in performing these tests will be primary market drivers.
Molecular diagnostics addressing the pharmacogenetic testing segment will make up the lions share of market growth. Currently the second largest market sector behind diagnostics for infectious diseases, the pharmacogentic sector is projected to take off from its current $3 plus billion in revenues to more than $60 billion in 2016. Tests for HIV/AIDS and cancer treatments will factor heavily into this market growth.
This unique report examines the market for molecular diagnostics in seven major world healthcare markets by testing area including: blood banking, gene/chromosome disease, oncology, pharmacogenetics, and infectious disease. It includes research and development pipelines, discussion of the major technologies—both current and in development, in-depth profiles of top competitors, and 110 tables and figures detailing market trends.
“Molecular Diagnostics: Major World Markets” is available in pdf format from Report Buyer. For more information, go to: http://www.piribo.com/publications/diagnostic/molecular_diagnostics_world_markets.html
Piribo product ID: KAL105
Piribo (http:www.piribo.com) is a UK-based independent online store supplying business information on the pharmaceutical and biotechnology industries. The website now carries over 6,000 English language titles including, market reports, studies and books and is the UK’s largest online biopharma information store. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. The company was established in 2004.
information buyers worldwide. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest.