| "Molecular diagnostics or the analysis of DNA and | | | | the increasing incidences of various chronic |
| RNA at the molecular level - is a fast-growing | | | | diseases, increasing number of cases of hepatitis |
| market, driven by the growing understanding of | | | | B and tuberculosis and the availability of various |
| the human genome. Although a small part of the | | | | molecular diagnostics tests. Molecular diagnostics |
| In-Vitro Diagnostics (IVD) market, molecular | | | | or MDx is the fastest growing segment of the |
| diagnostics market is one of the two growth | | | | IVD market, also because of the innovation in the |
| drivers of the IVD industry. | | | | industry resulting in the advent of new |
| In the decision making process of healthcare | | | | technologies for genetic testing, faster screening |
| experts, diagnostics tests have a major influence. | | | | and more precise detection. |
| Diagnostics tests are a very small percentage | | | | The report titled “Molecular Diagnostics |
| cost of medical expenditures but generally | | | | Industry: Trends and Opportunities” analyzes |
| accounts for 60-70% of all treatment decisions. | | | | the molecular diagnostics segment of IVD |
| And with the advent of molecular diagnostics, | | | | industry. The study explores the potential business |
| there is a growing focus on diagnostics for early | | | | opportunities that exist in the molecular |
| detection of diseases. | | | | diagnostics industry. Further, factors that are |
| Molecular diagnostics holds immense business | | | | driving the growth of the industry have been |
| potential as it is based on the intention of | | | | assessed. Also, major industry trends have been |
| identifying viruses and infectious diseases more | | | | outlined. The report analyzes the level of |
| accurately at an earlier stage than currently | | | | competition in the molecular diagnostics industry |
| possible. Molecular diagnostics has also emerged as | | | | and also profiles the leading players underlining |
| a potential business opportunity as diagnostics | | | | their sales and business strategies. |
| businesses generally fetch higher returns of | | | | Further, we have predicted the future growth of |
| investment than pharmaceutical and other biotech | | | | the molecular diagnostics industry by combining |
| businesses. | | | | SPSS Inc.’s data integration and analysis |
| The molecular diagnostics industry is growing on | | | | capabilities with our relevant findings. We |
| the path of continuous innovation and changing | | | | employed various significant variables that have |
| technological base and this is creating new | | | | an impact on this industry and created regression |
| opportunities and applications. The major factors | | | | models with SPSS to determine the future |
| that will drive the growth of this industry includes | | | | direction of the industry. |