Global Molecular Methods Market Size, Share, Growth Analysis Report - Forecast 2034

Molecular Methods Market: Industry Perspective

The global molecular methods market size was worth around USD 17.53 Billion in 2024 and is predicted to grow to around USD 62.19 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 13.5% between 2025 and 2034. The report analyzes the global molecular methods market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the molecular methods industry.

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Molecular Methods Market: Overview

Molecular biotechnology has increased the applications of molecular methods. Novel technologies such as immunoassay, polymerase chain reaction (PCR), microarray, and biosensors are commonly used molecular methods. Reportedly, molecular methods are standard lab methods that find a slew of applications in genetics, biophysics, molecular biology, and biochemistry. For the record, molecular methods include a large number of techniques such as ELISA, blotting, PCR, and immunoassays.

Key Insights

• As per the analysis shared by our research analyst, the global molecular methods market is estimated to grow annually at a CAGR of around 13.5% over the forecast period (2025-2034).
• Regarding revenue, the global molecular methods market size was valued at around USD 17.53 Billion in 2024 and is projected to reach USD 62.19 Billion by 2034.
• The molecular methods market is projected to grow at a significant rate due to Advancements in genetic testing and molecular diagnostics drive growth. Rising prevalence of infectious and chronic diseases supports market expansion.
• Based on Technology, the PCR segment is expected to lead the global market.
• On the basis of Application, the Infectious Disease segment is growing at a high rate and will continue to dominate the global market.
• Based on the End-user, the Hospitals segment is projected to swipe the largest market share.
• By Product, the Instruments segment is expected to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

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Molecular Methods Market: Growth Factors

Rise in the demand for molecular procedures for food safety will bolster the global market elevation over forecasting years

Growing use of molecular methods in food safety testing along with government policies favoring the use of molecular methods in biotechnology will drive the global molecular methods market trends. Rising investment in the development of new methods and technological advancements will act as a major driving factor in the growth of the global market. In addition to this, the launching of new products and an increase in applications of molecular methods will proliferate the size of the market in the coming years. For instance, in June 2023, Roche Diagnostics, a key biotech firm and global leader in in-vitro diagnostics testing, introduced a new molecular testing system. Additionally, in June 2023, SandboxAQ, a SaaS firm, introduced a biopharma molecular simulation unit referred to as AQBioSim. For the record, this unit will work in collaboration with Sanofi S.A. and AstraZeneca.

Molecular Methods Market: Restraints

Huge device costs can diminish the growth of the industry globally over the coming eight years

Lack of awareness, high cost of specialized molecular testing devices, and a dearth of skilled persons in low-income group countries will restrict the growth of the global molecular methods industry. In addition to this, complexness of the methods of molecular testing can pose a huge threat to the global industry surge over the coming years

Molecular Methods Market: Opportunities

Rise in awareness about improving food quality and safety will open new growth avenues for the global market

Growing concerns about the quality of food will open new facets of growth for the molecular methods market across the globe. Apart from this, the large-scale availability of third-party vendors using molecular methods for testing food quality and its freshness as well as the presence of microbes will open new avenues of growth for the global market.

Molecular Methods Market: Challenges

Less know-how about food safety measures in emerging economies can prove to be a big hurdle in the global industry elevation over forecasting period

Low awareness about food safety methods in developing countries can pose a huge challenge for the global molecular methods industry in the years ahead.

Molecular Methods Market: Segmentation

The global molecular methods market is sectored into product, technology, and region.                

In product terms, the global molecular methods market is segregated into consumables & reagents, instrument, and services segments. Furthermore, the consumables & reagents segment, which acquired nearly half of the global market proceeds in 2024, is set to register the fastest CAGR in the ensuing years. The expansion of the segment in the assessment timeline can be owing to easy access to an extensive range of these products along with large-scale use of them for detecting pathogens in food as well as other perishable eatables.

Based on the technology, the global molecular methods industry is sectored into microarray, immunoassay, biosensors, polymerase chain reaction (PCR), and others segments. In addition to this, the polymerase chain reaction (PCR) segment, which acquired a key part of the global industry share in 2024, is anticipated to lead the global industry size in the coming eight years. The segmental elevation over the forecasting years can be credited to the rise in the use of molecular methods in polymerase chain reaction (PCR) segment owing to its accuracy and specificity in detecting pathogens along with their ability in minimizing the turnaround time of the PCR process.

On the basis of Application, the global molecular methods market is bifurcated into Infectious Disease, Oncology, Genetic Testing, Forensic Testing, Others.

By End-user, the global molecular methods market is split into Hospitals, Diagnostic Laboratories, Research Institutes, Biopharmaceutical Companies.

In terms of Product, the global molecular methods market is categorized into Instruments, Reagents & Kits, Software, Services.

Molecular Methods Market: Report Scope

Molecular Methods Market: Regional Insights

North America is slated to maintain its regional dominance over the forecasting timeline

North America, which contributed about 70% of the global molecular methods market share in 2022, is likely to dominate the regional market surge even during the assessment timeframe. Additionally, the growth of the market in the sub-continent can be attributed to the large-scale presence of regulatory bodies such as the U.S. FDA, CDC (Centre For Disease Control and Prevention), and FSIS (Food Safety and Inspection Service) in countries such as the U.S. which ensures food safety.

Asia-Pacific molecular methods industry is set to register the fastest CAGR in the years ahead subject to a rise in the presence of key players in countries such as India and China. Apart from this, a rise in the technical competency of food safety firms in these countries will steer the growth of the industry in the region.

Molecular Methods Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the molecular methods market on a global and regional basis.

The global molecular methods market is dominated by players like:

• QIAGEN
• Bio-Rad Laboratories Inc.
• NEOGEN CORPORATION
• Thermo Fisher Scientific Inc.
• Veredus Laboratories
• bioMérieux SA
• SGS SA
• The 3M Company
• Eurofins Scientific
• HiMedia Laboratories
• ArcherDX Inc.
• and others.

The global molecular methods market is segmented as follows;

By Technology

• PCR
• qPCR
• Digital PCR
• NGS (Next-Generation Sequencing)
• Microarray
• Others

By Application

• Infectious Disease
• Oncology
• Genetic Testing
• Forensic Testing
• Others

By End-user

• Hospitals
• Diagnostic Laboratories
• Research Institutes
• Biopharmaceutical Companies

By Product

• Instruments
• Reagents & Kits
• Software
• Services

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America