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This report on the molecular diagnostics market studies the current and future prospects of the market in Europe. Growing incidences of chronic infectious diseases such as tuberculosis, HIVAIDS, diarrhea, pneumonia, in addition to increasing geriatric population, and rising number of biotechnology companies is expected to accentuate the growth of molecular diagnostics market in Europe.
Molecular diagnostics is a technique utilized for monitoring and diagnosing diseases, detecting risks Wholesale Jerseys Free Shipping , and deciding the best therapies for patients. Molecular diagnostics is amongst the most rapidly growing segments of the in vitro diagnostics industry. The increasing occurrence of hospital-acquired infections and the increasingly unhealthy lifestyles of people within Europe are fuelling the development of the market for molecular diagnostics in this region.
Furthermore, a number of technological advancements within the field of molecular techniques, proteomics, and nanotechnology are also stimulating the growth of the market for molecular diagnostics within Europe. In addition, the rising acceptance of and awareness about personalized and companion medicines are also fuelling the Europe molecular diagnostics market. On the other hand, the rising reimbursement policy issues are amongst the prime factors impeding the growth of the market in Europe.
Polymerase Chain Reaction Held a Share of 40.1% in 2014
In terms of technology, the Europe molecular diagnostics market is segmented into polymerase chain reaction Wholesale Jerseys From China , mass spectrometry, hybridization (ISH and FISH), transcription mediated amplification (TMA), biochips and microfluidics, next-generation sequencing, and others including proteomic and nanotechnology. Amongst these, in 2014 Wholesale Jerseys China , the segment of polymerase chain reaction led the Europe molecular diagnostics market with a share of 40.1% owing to the cost-effectiveness of this technique in the amplification of copying of tiny segments of RNA or DNA. On the other hand, the segment of next-generation sequencing is poised to be the most swiftly developing segment in the coming years owing to its advantages such as speed, flexibility, and high throughput.
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Oncology Emerged as the Largest Application Area in 2015
On the basis of application, the molecular diagnostics market in Europe is segmented into infectious disease testing, oncology, genomics Wholesale Jerseys , women’s health, blood screening, prenatal and newborn screening, and microbiology. Amongst these, in 2014, the segment of infectious disease testing led the market with a share of 30.6% due to the rising occurrence of various chronic infectious diseases such as HIV, tuberculosis Cheap NFL Jerseys , and hepatitis, and others in Europe. On the other hand, the segment of oncology is predicted to rise at the swiftest CAGR from 2015 to 2025 due to the increasing occurrence of cancer within Europe.
Western Europe Molecular Diagnostics Market Held the Largest Share of 47.1% in 2014
In terms of geography, the Europe molecular diagnostics market is segmented into Eastern Europe, Northern Europe, Western Europe, Southern Europe Cheap Jerseys China , and Rest of Europe. Amongst these, in 2014, Western Europe dominated the molecular diagnostics market in Europe with a share of 47.1% owing to factors such as the rising count of government initiatives and the increasing occurrence of infectious disorders. Furthermore, the increasing preference of the population to affordable molecular diagnostics tests is also stimulating the growth of the Western Europe molecular diagnostics market. On the other hand, Eastern Europe is poised to be the most promising market in the coming years and is predicted to rise at the greatest growth rate between 2015 and 2023. The rising disposable incomes of people and the increasing healthcare awareness amongst people will boost the Eastern Europe molecular diagnostics market.
The prime players dominant in the market are Hologic, Inc., QIAGEN N.V. Cheap Jerseys , Cepheid, Inc., Alere. Inc., Siemens AG, BioMerieux, Thermo Fisher Scientific, Inc. Wholesale NFL Jerseys Online , PerkinElmer, Inc., and Bio-Rad Laboratories, among others.
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