Molecular Diagnostics Market Size Worth $31.9 Billion By 2030
Molecular Diagnostics Industry Overview The global molecular diagnostics market size is expected to reach USD 31.9 billion by 2030, and is expected to decline at a CAGR of -1.6% from 2022 to 2030, according to a recent study by Grand View Research, Inc. The contraction in the market will be due to the decline in demand for molecular testing for COVID-19. However, factors such as the rising geriatric population and increasing demand for technologies such as NGS is expected to drive market growth. Molecular Diagnostics Market Segmentation For this report, Grand View Research has segmented the global molecular diagnostics market based on product, test location, technology, application, and region: Based on the Product Insights, the market is segmented into Instruments, Reagents, Others. The reagents segment accounted for the largest revenue share of the market in 2021. It is expected to maintain its dominance in upcoming years owing to its wide adoption in rese...