Global Molecular Methods Market size was valued at US$ 2.09 Bn in 2022 and the total revenue is expected to grow at 5.20% through 2023 to 2029, reaching nearly US$ 2.99 Bn in the forecast period.
Molecular Methods Market Overview:
The Molecular Methods Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Molecular Methods Market, as well as the causes for variances in the industry’s growth in various places
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Molecular Methods Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Molecular Methods Market Drivers:
With the globalization around the world in terms of food safety and efficacy standards due to growing development in production and distribution of food in the market and food recalls from the market due to the rising frequency of foodborne diseases and illnesses have become common. In order to avoid this contamination and challenges, the government has introduced various efficacy and safety standards in food testing and has been investing a huge amount in research and development. These key factors are estimated to boost the growth of the market in the forecast period and increase the demand for molecular testing.
In addition, development and larger investment in automated molecular methods to overcome challenges like time-consuming factors, human errors, labor cost, and validations are the factors likely to fuel the growth of the market in the forecast period. for instance, in 2022, 3M company partnered with Hamilton for the merger of molecular detection by 3M and Hamilton’s Food insect NIMBUS to deliver automated workflow for pathogen testing. These mergers helped the molecular method market sustain in the market.
Molecular Methods Market Segmentation:
by Specimen
Polymerase Chain Reaction (PCR)
Immunoassay
Biosensors
Microarray
Others
by Product
Instrument
Reagents & Consumables
Services
by End User
Pharmaceutical & Biotechnology Industries
Diagnostic Centers
Academic & Research Institutes
Others
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Molecular Methods Market Key Players: The key players are
1. QIAGEN
2. 3M
3. Veredus Laboratories
4. NEOGEN CORPORATION
5. Bio-Rad Laboratories, Inc.
6. Thermo Fisher Scientific, Inc.
7. bioMérieux SA
8. ArcherDX, Inc.
9. HiMedia Laboratories
10.Eurofins Scientific
11.SGS SA
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Molecular Methods Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Molecular Methods Market Report are:
Which sub-segment had the largest share in the Molecular Methods Market?
How is the competitive landscape of the Molecular Methods Market in 2023?
Which are the key drivers impacting the Molecular Methods Market growth?
Which region holds the maximum share in the Molecular Methods Market?
What will be the CAGR of the Molecular Methods Market during the forecast period (2023–2029)?
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