Global DNA Probes-based Diagnostics Market: Overview
The global DNA probes-based diagnostics market is expected to witness robust growth in the forthcoming years. The human genome is estimated to contain about 100,000 genes and potentially, an irregularity in any of these can result in a hereditary trait or disease. DNA probes-based technology is associated with the examination of the chemical structure of DNA by undoing the presence of anomalous gene sequence on the DNA strand. It is extensively implemented in diagnostics and also in other fields such as molecular biology, microfabrication, data handling, instrumentation development, surface chemistry, and biological sample preparation. Public awareness of these techniques for prenatal diagnosis and carrier detection is rising rapidly and may result in a significant increase in the demand for such services.
This market intelligence report presents a detailed description of the dynamics impacting the growth of the global DNA probes-based diagnostics market. It analyzes various application and geographical segments of the market in terms of both revenue and volume. Primary and secondary research resources have come into play for deriving the market data and analytics. The report also profiles prominent players in the market along with their business strategies, latest developments, cost and revenue structures, and contact information. There is a separate section for recommendations, which are lucrative for both existing and new players in the market for forming their important business strategies. This report, hence, provides a 360-degree view of the global DNA probes-based diagnostics market.
Global DNA Probes-based Diagnostics Market: Drivers and Restraints
The global DNA probes-based diagnostics market is primarily driven by the increasing prominence of the technology in diagnosing infectious diseases including vaginitis. Over the past few years, the investments in pharmaceuticals and pharmacogenomics research and development have increased substantially. This has paved way for advancements in DNA array technologies, leading to the launch of new equipment facilitating execution of tests with higher speed, accuracy, and reliability and is, therefore, influencing the growth of the market positively. Moreover, the advent of novel methods for high-volume testing is augmenting the market. Growing geriatric population and rising disposable income are some of the other factors fuelling the global DNA probes-based diagnostics market.
On the other hand, there are certain limitations associated with this technology that are hampering the growth of the global market. These limitations include genetic heterogeneity, recombination between the marker and disease alleles, and incorrect pedigree data or non-paternity leading to erroneous diagnosis. However, the increasing penetration of automation in diagnosis tests is likely to create immense growth opportunities for the global DNA probes-based diagnostics market.
Global DNA Probes-based Diagnostics Market: Segmentation
On the basis of geography, the global DNA probes-based diagnostics market can be categorized into Asia Pacific, North America, Europe, and Rest of the World. North America is anticipated to command a large share throughout the forecast period, with the U.S. being the major contributor. The rapid advancements in technology in this region are enabling the complex genetic tests to shift from research laboratories to clinical and medical laboratories. Europe is also poised to experience steady growth.
The Asia Pacific market for DNA probes-based diagnostics is estimated to expand at a noteworthy CAGR during the same period owing to the improving healthcare infrastructure and increasing government funding for medical research. Moreover, factors such as the rapidly growing population, and rising healthcare expenditure are working in favor of the growth of the region.
The key application areas of the market include genetic predispositions, forensic testing, infectious diseases, molecular human leukocyte antigen (HLA), cancer testing, and others. The demand for DNA probes-based technology for diagnosing infectious disorders is likely to remain high throughout the forecast period. It is also finding increasing application in genetic predispositions.
Companies Mentioned in the Report:
The majority of the companies operating in the global DNA probes-based diagnostics market are increasingly focusing on extensive research and development in order to sustain the competition. Some of the key players are Abbott Laboratories, Affymetrix Inc, Beckman Coulter, Becton Dickinson & Company, Biogenex Laboratories Inc., bioMérieux, Genzyme Corporation, Luminex Molecular Diagnostics, Roche Diagnostics, Siemens Healthcare Diagnostics Inc., QIAGEN, and MP Biomedicals, Gen-Probe Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.