The report, titled "Global Core Molecular Laboratory Market Analysis and Forecast, 2019-2028" analyzes the market in the region according to technology, product and region. An in-depth market analysis report gives an overall historical and future market size in terms of market value (US$ Million) along with a complete market assessment (year-on-year increase).

The market share analysis, the growth of the healthcare sector, a summary of the competitive landscape, strategic imperatives, future strategies and plans, the most important application, a potential growth driver and a competitive analysis of the key players in the global research study on the core market for molecular laboratories.

Market Overview and Dynamics
The global core molecular laboratory market was estimated at US$7.5 billion in 2021 and is projected to increase at a substantial growth rate of over 10.2%during the forecast period of 2022-2028. The rise in chronic diseases like heart disease, cancer and diabetes is driving the need for molecular diagnostics and personalized medical treatments. The importance of the core molecular laboratories to provide advanced molecular testing to aid in the diagnosis of disease, prognosis and treatment is vital.

Market Trends and Drivers in the Global Core Molecular Laboratory Market
Additionally, the development of cutting-edge sequencing technologies like the next-generation sequencing (NGS) and the expanding access to high-throughput screening technologies are pushing the core molecular laboratory market. These tools allow for quicker and more accurate molecular testing and analysis which results in better outcomes for patients.

In addition, the growing focus on the importance of personalized medicine and precision medical is pushing the molecular laboratory market. The services for molecular testing are crucial in discovering genetic markers that will help in determining the best treatment for patients.

North America is expected to lead the global core molecular laboratory market, mainly due to its well-established healthcare infrastructure, the large healthcare expenses, and the rising prevalence of chronic illnesses within the region. In the end, United States is the major player in this North American core molecular laboratory market. The country's dominant position is due to the existence of large players in the region, technological advances and favorable policies of the government.



Segmental Analysis: Global Core Molecular Laboratory Market
On the basis of product, test kits own a significant share of the market due to ease of use, whereas the services market is expected to grow at a significant growth rate in the forthcoming years.
Based on the application infectious disease segment is anticipated to gain significant growth. The growing prevalence of diseases such as HIV, Hepatitis C, Hepatitis B, etc. is expected further fuel the revenue from this segment.


Competition Analysis: Regional and local Players Dominate the Market


The global core molecular laboratory market is highly competitive and fragmented. The key players in the market are focusing on strategic collaborations, product launches, mergers and acquisitions, and technological innovation to expand their market presence.

The market is characterized by the presence of several regional players who cater to the specific needs of their respective regions. Moreover, the market players are focusing on new products and technology. These players are focusing on developing customized solutions and expanding their market presence.

On January 2022, PathGroup, one of the largest providers of anatomic pathology, digital pathology, clinical and molecular laboratory services in the US, announced the acquisition of Pathology Consultants, a leading provider of pathology services based in Greenville, S.C. Together, PathGroup and Pathology Consultants will provide physicians and patients across the Southeast with superior quality and service levels for their comprehensive testing needs.
On April 2017, Siemens Healthcare and Thermo Fisher Scientific today announced a new strategic relationship that includes the integration of Thermo Fisher Scientific’s real-time PCR system into Siemens’ VERSANT® kPCR Molecular Solution. The combined workflow will offer laboratories Siemens complete molecular testing.
Some of the prominent players operating in the global core molecular laboratory market include Thermo Fisher Scientific, Illumina Inc., QIAGEN N.V., Bio-Rad Laboratories Inc., BioMérieux S.A., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Agilent Technologies Inc., and F. Hoffmann-La Roche AG, among others.

RationalStat has segmented the global core molecular laboratory market on the basis of product, technology, application, and region.

Global Core Molecular Laboratory Market Value (US$ Million) and Market Share (2019-2028) Analysis By Product
Test Kits
Services
Global Core Molecular Laboratory Market Value (US$ Million) and Market Share (2019-2028) Analysis By Technology
Polymerase Chain Reaction (PCR)
In Situ Hybridization (ISH)
Isothermal Nucleic Acid Amplification Technology (INAAT)
Chips and Microarrays
Mass Spectrometry
Sequencing
Transcription Mediated Amplification (TMA)
Global Core Molecular Laboratory Market Value (US$ Million) and Market Share (2019-2028) Analysis By Application
Oncology
Breast Cancer
Kidney Cancer
Prostate Cancer
Colorectal Cancer
Blood Cancer
Lung cancer
Liver Cancer
Pharmacogenomics
Infectious Diseases
Methicillin-resistant Staphylococcus Aureus (MRSA)
Clostridium difficile
Vancomycin-Resistant Enterococci (VRE)
Carbapenem-resistant bacteria
Flu
Respiratory Syncytial Virus (RSV)
Candida
Tuberculosis (TB) and drug-resistant TB
Meningitis
Gastrointestinal panel testing
Chlamydia
Gonorrhea
HIV
Hepatitis C
Hepatitis B
Genetic Testing
Newborn screening
Predictive and Presymptomatic Testing
Neurological Diseases
Cardiovascular Diseases
Microbiology
Hematology
Global Core Molecular Laboratory Market Value (US$ Million) and Market Share (2019-2028) Analysis By Region
North America Core Molecular Laboratory Market
US
Canada
Latin America Core Molecular Laboratory Market
Brazil
Mexico
Rest of Latin America
Western Europe Core Molecular Laboratory Market
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
Eastern Europe Core Molecular Laboratory Market
Russia
Poland
Rest of Eastern Europe
Asia Pacific Core Molecular Laboratory Market
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
Middle East & Africa Core Molecular Laboratory Market
GCC
South Africa
Turkey
Rest of the Middle East &Africa
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