Global Molecular Diagnostics Market Analysis
The Global Molecular Diagnostics Market is not just a growing market, but a market with immense potential. It is projected to exceed US$26.27 billion by 2032, showing a significant leap from its 2023 value of US$11.88 billion. The compound annual growth rate (CAGR) from 2024 to 2032 is estimated to be a promising 9.21%.
Molecular diagnostics is not just a field, but a crucial part of the healthcare system. It involves identifying specific genetic and protein variations to assist in the detection, diagnosis, classification, prognosis, and monitoring of therapy response. It uses advanced techniques to study biological markers in the genome and proteome, providing insight into how cells express genes as proteins. This field applies the principles of molecular biology to medical testing and is commonly utilized for identifying biological markers in the genome and proteome. For example, it can be used to detect bacterial genes through PCR-bas