For clinical laboratories and pathologists, this integration of diagnostics and therapeutics represents a major new opportunity to emerge as leaders of the new medicine, guiding the selection, dosage, route of administration, and multidrug combinations and producing increased efficacy and reduced toxicity of pharmaceutical products. To respond to this demand, major pharmaceutical companies will partner with diagnostics companies or develop their own in-house capabilities that will permit efficient production of more effective and less toxic integrated personalized medicine drug and test products. CMD industry represents a relatively new era in medicine that offers much. BIS Research Provides deep market insight. CellularMolecular diagnostics is a broad term describing a class of diagnostic. An increasingly educated public will demand more information about their predisposition for serious diseases and how these potential illnesses can be detected in an early stage when they can be arrested or cured with new therapies custom-designed for their individual clinical status. Point of care testing market driven by new molecular diagnostic technologies. The global molecular diagnostics market is projected to reach 24228.0 million in 2031,growing at a CAGR of 7.38. A wide variety of drugs in late preclinical and early clinical development are being targeted to disease-specific gene and protein defects that will require coapproval of diagnostic and therapeutic products by regulatory agencies. With the rapid development of the diagnostic industry, the proportion of molecular diagnostics in the global in vitro diagnostic market will also increase.It is widely anticipated that during the next 5 years the molecular diagnostic industry will continue to grow at double-digit pace to meet increasing demand for personalized medicine. In 2020, PCR accounted for approximately 42.7 percent of the worldwide molecular diagnostics market, while next-generation. Among the many segments of the in vitro diagnostics industry, the growth rate of the molecular diagnostics market is higher than the others in vitro diagnostics market. Molecular diagnostics market share worldwide 2020-2031, by technology. At present, the global molecular diagnostics market continues to expand. How the molecular diagnostics which remained an underserved segment in the Indian scenario for a very long time is now changed due to the. The technologies used in the field of gene detection include polymerase chain reaction (PCR), gene chips, and gene sequencing. The global molecular diagnostics market size was valued at USD 30.89 billion in 2022 and is expected to decline at a compounded annual rate of -0.4 from 2023 to 2030. It is widely used in viral hepatitis, sexually transmitted diseases, pulmonary infectious diseases, eugenics, genetic diseases, tumors, and other fields. Because of its quantitative characteristics, molecular diagnostics is more accurate than traditional biochemical and immunological diagnostics, and is a high-tech in the diagnostic market. The Global Molecular Diagnostics Market reached USD 22.8 billion in 2022 and is projected to witness lucrative growth by. CRISPR and next-generation sequencing are transforming molecular diagnostics, from infectious disease to early cancer detection. Molecular diagnosis, also called genetic testing, is a methodology of applying molecular biology to detect the genetic material or the genetic structure and type of viruses and pathogens carried by an individual, and thus to detect and diagnose diseases at the genetic level. The global Molecular Diagnostics (MDx) market size was valued at USD 45559.32 Million in 2022 and will reach USD 58199.44 Million in 2028, with a CAGR of 4.17 during 2022-2028.
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