The North America molecular diagnostics market is expected to grow from US$ 8,056.48 million in 2022 to US$ 20,740.38 million by 2030. It is estimated to grow at a CAGR of 12.5% from 2022 to 2030.
Growth of Point-of-Care Testing and Innovative Product Development Drive North America molecular diagnostics market
Point-of-care testing (POCT) is a rapidly advancing field in medicine, offering a wide range of diagnostic solutions—from glucose monitoring to viscoelastic coagulation analysis. By eliminating the need for sample transportation and preparation, POCT enables faster clinical decision-making, improving patient outcomes. The growing adoption of these tests by both patients and healthcare providers is transforming diagnostics, therapeutics, and patient monitoring.
The demand for at-home medical care has further accelerated the use of POCT, particularly during the COVID-19 pandemic, as it allowed patients to test safely at home rather than visiting healthcare facilities. This trend continues to benefit the molecular diagnostics market, as rapid and decentralized testing becomes increasingly essential.
North America Molecular Diagnostics Market Overview
The North America molecular diagnostics market is segmented into the US, Canada, and Mexico. Key growth drivers include the adoption of advanced technologies, increased R&D investments, the presence of major healthcare companies, and the expanding use of molecular diagnostics. In 2022, the US accounted for the largest market share.
North America molecular diagnostics market Revenue and Forecast (2023–2030)
North America molecular diagnostics market Segmentation
The North America molecular diagnostics market is categorized by:
- Disease Area
- Infectious Diseases
- Oncology
- Genetic Testing
- Cardiac Diseases
- Immune System Disorders
- Others
(Infectious diseases held the largest market share in 2022.)
- Technology
- Polymerase Chain Reaction (PCR) (Largest market share in 2022)
- RT-PCR
- qPCR
- Multiplex PCR
- Others
- In Situ Hybridization
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- DNA Sequencing & Next-Generation Sequencing (NGS)
- DNA Microarrays
- Others
- Polymerase Chain Reaction (PCR) (Largest market share in 2022)
- Product & Services
- Assays & Kits (Largest market share in 2022)
- Instruments
- Services & Software
- End Users
- Diagnostic Laboratories (Largest market share in 2022)
- Hospitals & Clinics
- Research & Academic Institutes
- Others
- Country
- US (Dominant market share in 2022)
- Canada
- Mexico
Key Players North America molecular diagnostics market
Leading companies in the North America molecular diagnostics market include:
- Abbott Laboratories
- Agilent Technologies Inc.
- Thermo Fisher Scientific Inc.
- F. Hoffmann-La Roche Ltd
- Qiagen NV
- bioMérieux SA
- Illumina Inc.
- Danaher
- Siemens Healthineers AG
- Novartis AG
- TBG Diagnostics Limited
The North America molecular diagnostics market is poised for continued expansion, driven by technological advancements, rising demand for rapid diagnostics, and the growing preference for decentralized testing solutions.
Data Collection and Secondary Research:
As a North America molecular diagnostics market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
