Molecular Diagnostics Market Analysis and Segment Forecasts, 2016 to 2024

Projected to grow at a CAGR of almost 9%%%% from 2016 to 2024, the molecular diagnostics market is expected to witness significant growth over the forecast period owing to rapid surge of infectious diseases. Molecular diagnostic is able to detect genetic disorders, cancer at earlier stages and other kinds of infectious diseases. Proliferation of enhanced technology has enabled molecular diagnostic to offer accurate and fast test results which in turn is presumed to fuel the demand for diagnostics tool over the forecast period especially in view of care facilities.