Southeast Asia Molecular Diagnostics Market Outlook: Global Opportunity Analysis and Industry Forecast (2024-2031)

Komal

Southeast Asia Molecular Diagnostics Market Outlook: Global Opportunity Analysis and Industry Forecast (2024-2031)

Meticulous Research^®—a leading market research company, published a research report titled, ‘South East Asia Molecular Diagnostics Market by Offering (Reagents, Kits, Systems, Software), Test Type (Lab, PoC), Technology (PCR, ISH, INAAT, Sequencing, Microarray), Application (HIV, Influenza, HPV, Oncology, Gene Testing), End User - Forecast to 2031’

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According to this latest publication from Meticulous Research^®, the South East Asia molecular diagnostics market is projected to reach $891.87 million by 2031, at a CAGR of 7.8% from 2024 to 2031. The growth of the South East Asia molecular diagnostics market is driven by several factors, including the rising geriatric population, increasing prevalence of communicable & non-communicable diseases, technological advancements in molecular diagnostics, and rising healthcare expenditure. Factors such as emerging medical tourism in South East Asian countries and increasing focus on companion diagnostics are a few opportunities that would help grow the market in the future. A shortage of skilled professionals could be considered a challenge for the South East Asia molecular diagnostics market. Moreover, the lack of harmonization of the medical device regulations across South East Asian countries and the high costs of molecular diagnostic tests restrain the growth of the market.

Key Players

The key players profiled in the South East Asia molecular diagnostics market report are Sansure Biotech, Inc. (China), F. Hoffmann-La Roche Ltd. (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Hologic, Inc. (U.S.), Illumina, Inc. (U.S.), Xiamen Zeesan Biotech Co., Ltd (China), QIAGEN N.V. (Netherlands), Danaher Corporation (U.S.), Abbott Laboratories (U.S), Agilent Technologies, Inc. (U.S.).

Geographic Review

The South East Asia molecular diagnostics market is segmented by Offering (Kits & Reagents, Instruments, Software & Services), Test Type (Laboratory Tests and Point-of-Care (POC) Tests), Technology (Polymerase Chain Reaction (PCR), In Situ Hybridization (ISH), Isothermal Nucleic Acid Amplification Technology (INAAT), Microarrays, Sequencing, Mass Spectrometry, and Other Technologies), Application (Infectious Diseases [Respiratory Diseases, Hepatitis, HIV, Chlamydia Trachomatis/Neisseria Gonorrhoeae, Human Papillomavirus (HPV), Healthcare-Associated Infections (HAIs), and Other Infectious Diseases], Oncology [Breast Cancer, Colorectal Cancer, Lung Cancer, Prostate Cancer, Lymphoma, Leukemia, Cervical Cancer, and Other Cancer Types], Genetic Testing, Neurological Diseases, Cardiovascular Diseases, and Other Applications), End User (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, and Other End Users). The study also evaluates industry competitors and analyzes the regional and country-level markets.

Among offerings, in 2024, the kits and reagents segment is expected to account for the largest share of the market. The large share of the segment is attributed to the commercial availability of a diverse range of diagnostic reagents & consumables, the availability of diseases-specific test kits & assays, and the growing awareness regarding early disease diagnosis.

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Among test types, in 2024, the laboratory test segment is expected to account for the largest share of the market. The large share of the segment is attributed to the large number of laboratory tests available in hospitals and laboratories, and the high preference for laboratory tests owing to the accuracy of the test results supports the largest share of the market.

Among technologies, in 2024, the polymerase chain reaction (PCR) segment is expected to account for the largest share of the market. The large share of the segment is attributed to benefits, such as the ability to test multi-drug resistance, its use in several laboratories and clinical techniques, including DNA fingerprinting, detection of bacteria or viruses (particularly AIDS), and diagnosis of genetic disorders. Improved PCR testing capabilities in the laboratories during the COVID-19 pandemic to manage the growing burden also supported the segment’s largest share.

Among applications, in 2024, the infectious diseases segment is expected to account for the largest share of the market. The large share of the segment is attributed to the rising prevalence of infectious diseases, the increase in funding for the development of new infectious disease diagnostic tools, and the emergence of the COVID-19 pandemic. According to the World Health Organization (WHO), in 2022, the largest number of tuberculosis (TB) cases occurred in the South-East Asian region, with a prevalence of 46%. The increasing prevalence of such infections and diseases leads to the increased demand for rapid, easy-to-use, and affordable infectious disease testing tools, therefore driving the growth of the segment.

Among end users, the hospitals & clinics segment is expected to account for the largest share of the market in 2024. The large share of the segment is attributed to the increased number of hospitalizations due to various diseases requiring molecular diagnosis and the proliferation of hospitals and clinics in emerging countries, leading to the growth in the utilization of molecular diagnostic products. The emergence of new hospitals in South East Asian countries is leading to the growing demand for molecular diagnostic tests. For instance, in March 2023, Adventist Hospital was launched in Palangka Raya, Central Kalimantan, Indonesia, which is a 51-bed, state-of-the-art hospital that offers general medicine, surgery, obstetrics and gynecology, pediatrics, and critical care services to the inhabitants of Palangka Raya and nearby communities. This not only increases the demand for molecular tests but also provides these advanced technologies to people living in rural areas.

Among geographies, in 2024, Indonesia is expected to account for the largest share of the market. The large share of the segment is attributed to the increasing prevalence of communicable & non-communicable diseases, growing adoption of molecular diagnostics, increasing prevalence of cancer and musculoskeletal diseases, rising disposable income, improvements in the healthcare infrastructure, and the growing healthcare expenditure. The increasing prevalence of diseases is driving the need for better healthcare options among patients. In such cases, increasing healthcare expenditure can help increase people’s access to healthcare and improve the quality of care. For instance, the healthcare expenditure in Indonesia increased from USD 8.07 billion in 2019 to USD 17.62 billion in 2022.

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Komal

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30 billion by 2030 and is anticipated to register a CAGR of 11. Analyst View:The rising prevalence of infectious diseases and cancer in both developed and developing countries would boost the molecular diagnostics market's growth. During the projection period, these factors, together with the growing tendency toward preventive care, are projected to increase demand for molecular diagnostics. com/market_insight/Global-Molecular-Diagnostics-Market-By-99Key Market Insights from the report:Global Molecular Diagnostics Market accounted for US$ 15. 30 billion by 2030 and is anticipated to register a CAGR of 11. Competitive Landscape & their strategies of Global Molecular Diagnostics Market:The key players operating the global molecular diagnostics market involves F.

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Based on technology, the molecular diagnostics industry from the sequencing segment is anticipated to garner significant gains through 2032, owing to higher diagnostic sensitivity and cost-effectiveness of next-generation sequencing (NGS). From the regional perspective, Europe molecular diagnostics industry is expected to record a valuation of over USD 8. 3 Technology trends2. , is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Toll Free: 1-888-689-0688USA: +1-302-846-7766Europe: +44-742-759-8484APAC: +65-3129-7718Email:sales@gminsights.

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The molecular diagnostics market is expected to grow at the compounded annual growth rate of 9% in the coming years which is mainly because of the increasing presence and prevalence of the major players in this particular area. This particular market is perfectly contemplated to witness huge demand in the upcoming years because of the increasing number of infectious problems along with their diagnosis in the whole process. · The increase in demand for molecular diagnostics is attributed because of the growing incidence of infectious diseases and the sudden outbreak of the COVID-19 scenario which ultimately leads to a rising burden of cancers across the globe. The impact of COVID-19 in this particular case will be dealing with the best possible systems so that overall goals are easily achieved and there will be no chance of any kind of chaos. Furthermore, this particular aspect provides people with tremendous opportunities of dealing with the in-vitro diagnostics so that adoption of the strategies and collaboration will be carried out very easily in the whole process.

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22 Oct 2018 – This report studies Bone Morphogenetic Protein Market with SWOT analysis, Market Share, Competitive Analysis, Segmentation, Insights, Growth, Application, Trends, Revenue and PESTEL analysis in these regions, forecast to 2024. This report focuses on top manufacturers in Global Market. Molecular cloning of bone morphogenetic proteins validate their family of differentiation factors and each capable of stimulating the development of new bone tissue once implanted.

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