TechNavio recognizes the following companies as the key players in the Global Molecular Diagnostics Market: Roche Holding Ltd., Abbott Laboratories, Becton, Dickinson and Co., and QIAGEN N.V.
Commenting on the report, an analyst from TechNavio’s Healthcare team said: ”The Global Molecular Diagnostics market presents several growth opportunities to vendors. Different vendors in the market are increasingly forming strategic alliances with pharmaceutical companies for the development of companion diagnostics, which helps in producing more effective drugs. For instance, in February 2013, Abbott Laboratories collaborated with Janssen Biotech Inc. and Pharmacyclics Inc. to discover the benefits of Abbott’s exclusive FISH technology for use in developing a molecular companion diagnostic test to identify patients with chronic lymphocytic leukemia. Also, QIAGEN entered into an alliance with Eli Lilly and Co. for the development of companion diagnostics for the company’s new and approved medicines.”
According to the report, one of the major factors driving the market is the increasing prevalence of chronic diseases. Due to the increase in the aging population and unhealthy lifestyles the demand for molecular diagnostic tests has increased.
Further, the report states that one of the major challenges is the intense competition among vendors, which is leading to severe pricing pressure.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Gen-Probe, Siemens Healthcare, Alere Inc., Bio-Rad Laboratories Inc., bioMerieux S.A., Danaher Corp., Instrumentation Laboratory Co., Sysmex Corp., Biocartis S.A., Affymetrix Inc., Agilent Technologies Inc., Celera Diagnostics LLC, Cepheid Inc., GE Healthcare Ltd., Illumina Inc., IRIS International Inc., Genomic Health Inc., Eurogentec S.A., Quest Diagnostics Inc., Life Technologies Corp., Luminex Corp., Nanosphere Inc., and Thermo Fischer Scientific Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-molecular-diagnostics-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report – Global Molecular Diagnostics Market 2012-2016
