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 Drives Expansion of the North America Molecular Diagnostics Market

Point-of-care (POC) testing is a rapidly advancing area in medical diagnostics, offering a broad range of analytical capabilities and clinical applications. POC testing solutions span from simple blood glucose monitoring to complex viscoelastic coagulation assays, allowing for swift decision-making by healthcare professionals by eliminating the need for sample transportation and preparation. These time-saving features are accelerating the adoption of POC testing among healthcare providers and patients alike.

POC diagnostics are now widely used across various medical domains, including therapeutics, diagnostics, and patient monitoring. These tools are particularly valuable for enabling at-home healthcare services, a demand that surged during the COVID-19 pandemic. During this time, POC testing helped reduce the need for in-person visits to healthcare facilities, thereby minimizing infection risks. This shift in diagnostic practices continues to support the growth of the molecular diagnostics market in North America.

Overview of the North America Molecular Diagnostics Market

The North America molecular diagnostics market includes the United States, Canada, and Mexico. Market growth in this region is driven by several factors, such as the adoption of cutting-edge technologies, a strong presence of healthcare corporations, an increase in R&D investments, and growing utilization of molecular diagnostic techniques. Among these, the US led the market in 2022, holding the largest share.

Market Forecast and Segmentation

Revenue Forecast to 2030 (US$ Million)

The North America molecular diagnostics market is projected to experience significant growth through 2030, driven by technological innovation and rising demand for accurate, rapid diagnostic solutions.

North America molecular diagnostics market By Disease Area

  • Infectious Diseases (largest segment in 2022)
  • Oncology
  • Genetic Testing
  • Cardiac Diseases
  • Immune System Disorders
  • Others

North America molecular diagnostics market By Technology

  • Polymerase Chain Reaction (PCR) (largest segment in 2022)
    • Includes RT-PCR, qPCR, multiplex PCR, and others
  • In Situ Hybridization
  • Isothermal Nucleic Acid Amplification Technology (INAAT)
  • DNA Sequencing & Next-Generation Sequencing (NGS)
  • DNA Microarrays
  • Others

North America molecular diagnostics market By Product and Services

  • Assays and Kits (largest segment in 2022)
  • Instruments
  • Services and Software

North America molecular diagnostics market By End User

  • Diagnostic Laboratories (largest segment in 2022)
  • Hospitals and Clinics
  • Research and Academic Institutes
  • Others

By Country

  • United States (largest market in 2022)
  • Canada
  • Mexico

Key Market Players

Leading companies contributing to the advancement of 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 Corporation
  • Siemens Healthineers AG
  • Novartis AG
  • TBG Diagnostics Limited

These companies are actively involved in developing and delivering innovative diagnostic solutions to meet the growing demand for efficient and accessible molecular testing across North America.

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Author's Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights