Molecular Diagnostic for Infectious Diseases Market: Industry Expert View on Future Growth and Market Trends

Molecular diagnostics is referred to as the detection of genomic variants, aiming to facilitate detection, diagnosis, sub classification, prognosis, and monitoring response to therapy. Molecular diagnostics is the outcome of the fruitful interplay among laboratory medicine, genomics knowledge, and technology in the field of molecular genetics, especially with significant discoveries in the field of molecular genomic technologies. The molecular diagnostic for infectious diseases market size is flourishing with the increase in the number of cases of infectious diseases amongst humans as well as vet. Various emerging infectious diseases such as HIV, SARS, and dengue fever are fueling the need to develop diagnostic techniques for early treatment of these diseases. The increase in the use of point-of-care diagnostics for infectious diseases is driving the growth of the market. The rise in the demand for home healthcare encourages manufacturers to commercialize user-friendly portable products, and the emergence of smartphone-oriented healthcare solutions, digital technologies, and embedded vision-based solutions further influence the point-of-care testing (POCT) market. Additionally, the significance of POC diagnostics in environmental monitoring and public health, the number of CLIA-waived POC tests, the increase in technological advancement, and the surge in healthcare expenditure positively affect demand for point-of-care testing (POCT).

The molecular diagnostic for infectious diseases market includes analysis regarding the top players such as F.Hoffmann-La Roche Ltd, Abbott Laboratories, Thermo Fisher Scientific Inc, bioMerieux SA, Danaher Corp, Hologic Inc, Siemens Healthineers AG, Bruker Corp, Molzym GmbH & Co KG, and DiaSorin SpA.

The companies listed above are implementing various strategies that have resulted in the company's growth and, in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position. 

Below is the list of the growth strategies done by the players operating in the molecular diagnostic for infectious diseases market:

Mar-2021: Oxford Nanopore and bioMérieux to entered into a strategic partnership agreement to advance patient care by providing access to nanopore-based clinical research and in vitro diagnostic (IVD) solutions. Oxford Nanopore Technologies plc, the company delivering a new generation of nanopore-based molecular sensing technology, have teamed up with bioMérieux SA to improve health outcomes globally by exploring selected opportunities to bring nanopore sequencing to the infectious disease diagnostics market.

Jul-2021: DiaSorin acquired Luminex. Through the acquisition, DiaSorin will gain access to Luminex’s multiplexing technology and a portfolio that will strengthen its existing offering, while expanding the Group presence in the United States. Additionally, this deal will provide access to Luminex’s applications throughout the Life Science industry, supporting access to academic and scientific research, expanding engagement with biopharma companies, and increasing access to clinical multiplexing assays for future Value-Based Care projects.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

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