Molecular Diagnostics Market Size Is Expected To Reach USD 49.3 Billion By 2028
San Francisco, 27 Aug 2021: The Report Molecular Diagnostics Market Size, Share & Trends Analysis Report By Technology (PCR, INAAT, Sequencing, Mass Spectrometry, TMA), By Product, By Test Location, By Application, By Region, And Segment Forecasts, 2021 - 2028 The global molecular diagnostics market size is expected to reach USD 49.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.9% from 2021 to 2028. This growth is owing to factors such as an increasing geriatric population, the outbreak of COVID-19, and the growing demand for point-of-care facilities. Molecular diagnostics play an important role in infectious disease testing as they can yield effective and fast results. Hence, the increasing prevalence of hospital-acquired infections and infectious diseases is projected to drive the market over the forecast period. Increasing incidence of cardiovascular, neurological, and genetic disorders is further a