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Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.53 Billion | USD 62.19 Billion | 13.5% | 2024 |
FrequentlyAsked Questions
Molecular biotechnology has increased the applications of molecular methods.
The global molecular methods market is expected to grow due to Advancements in genetic testing and molecular diagnostics drive growth. Rising prevalence of infectious and chronic diseases supports market expansion.
According to a study, the global molecular methods market size was worth around USD 17.53 Billion in 2024 and is expected to reach USD 62.19 Billion by 2034.
The global molecular methods market is expected to grow at a CAGR of 13.5% during the forecast period.
The Asia-Pacific molecular methods industry is set to register the highest CAGR over the forecasting timeline owing to the 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.
Leading players in the global molecular methods market include 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., among others.
The report explores crucial aspects of the molecular methods market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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