Molecular diagnostics market insights of market share analysis and analysis of each segment separately.

The global molecular diagnostics market generated $9.54 billion in 2017, in terms of value. The North America market holds a 46.29% share of the global molecular diagnostics market. The global molecular diagnostics market is expected to reach $29.68 billion by 2028, growing at a healthy CAGR of 10.89% during the forecast period between 2018-2028. 

Major factors driving this growth include:

• High Prevalence of Infectious Diseases and Various Types of Cancers
• Growth in the Biomarker Identification Market and Advancements in Molecular Techniques
• Increase in Awareness and Acceptance of Personalized Medicines
• Significant External Funding for Executing Research and Development Exercises

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