The Evolution of Molecular Diagnostics in Infectious Disease: Global Market Insights and Opportunities
The global infectious disease molecular diagnostics market size is expected to reach USD 59.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 3.9% from 2024 to 2030. The market is estimated to expand at a CAGR of 3.0% from 2020 to 2028. The market is driven by the introduction of technologically advanced products and an increase in demand for molecular diagnostics in PoC settings. Rapid technological advancements with portability, accurate results, and cost-effectiveness are anticipated to serve as crucial drivers of the market for infectious disease molecular diagnostics. Companies are upgrading their products by implementing new techniques to gain specific and accurate results. Key players are updating their product portfolio for PCR instruments with increased R&D initiatives for developing novel kits to target emerging diseases or by entering into agreements with other ...