New Report "Molecular Diagnostics Market: Trends and Opportunities" available through Aarkstore Enterprise
11/13/2009

The report titled “Molecular Diagnostics Industry: Trends and Opportunities” analyzes the molecular diagnostics segment of IVD industry.

Online PR News – 13-November-2009 – – "Molecular diagnostics or the analysis of DNA and RNA at the molecular level - is a fast-growing market, driven by the growing understanding of the human genome. Although a small part of the In-Vitro Diagnostics (IVD) market, molecular diagnostics market is one of the two growth drivers of the IVD industry.

In the decision making process of healthcare experts, diagnostics tests have a major influence. Diagnostics tests are a very small percentage cost of medical expenditures but generally accounts for 60-70% of all treatment decisions. And with the advent of molecular diagnostics, there is a growing focus on diagnostics for early detection of diseases.

Molecular diagnostics holds immense business potential as it is based on the intention of identifying viruses and infectious diseases more accurately at an earlier stage than currently possible. Molecular diagnostics has also emerged as a potential business opportunity as diagnostics businesses generally fetch higher returns of investment than pharmaceutical and other biotech businesses.

The molecular diagnostics industry is growing on the path of continuous innovation and changing technological base and this is creating new opportunities and applications. The major factors that will drive the growth of this industry includes the increasing incidences of various chronic diseases, increasing number of cases of hepatitis B and tuberculosis and the availability of various molecular diagnostics tests. Molecular diagnostics or MDx is the fastest growing segment of the IVD market, also because of the innovation in the industry resulting in the advent of new technologies for genetic testing, faster screening and more precise detection.

The report titled “Molecular Diagnostics Industry: Trends and Opportunities” analyzes the molecular diagnostics segment of IVD industry. The study explores the potential business opportunities that exist in the molecular diagnostics industry. Further, factors that are driving the growth of the industry have been assessed. Also, major industry trends have been outlined. The report analyzes the level of competition in the molecular diagnostics industry and also profiles the leading players underlining their sales and business strategies.

Further, we have predicted the future growth of the molecular diagnostics industry by combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings. We employed various significant variables that have an impact on this industry and created regression models with SPSS to determine the future direction of the industry.

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