Molecular Diagnostics Market Outlook: Set to Grow at 10%+ CAGR Through 2031 as Precision Medicine and Genetic Testing Advance, Says Mordor Intelligence

The global molecular diagnostics market is projected to reach USD 33.51 billion by 2031, driven by expanding precision medicine adoption and advanced genetic testing. North America leads the market, while Asia-Pacific is expected to be the fastest-growing region.

Hyderabad, March 10, 2026 (GLOBE NEWSWIRE) -- The global molecular diagnostics market is witnessing significant expansion as healthcare systems increasingly adopt advanced diagnostic technologies to detect diseases at the genetic and molecular level. According to Mordor Intelligence, the molecular diagnostics market size is estimated to reach USD 20.41 billion in 2026 and is projected to expand to USD 33.51 billion by 2031, registering a CAGR of 10.43% during the forecast period, driven by increasing prevalence of infectious and chronic diseases, and rapid advancements in genomic and molecular testing technologies. 

Molecular diagnostics plays a critical role in modern healthcare by enabling accurate detection of pathogens, genetic mutations, and biomarkers associated with various diseases. These tests support early diagnosis and personalized treatment planning, particularly in areas such as oncology, infectious diseases, genetic disorders, and prenatal testing. The growing focus on precision medicine and targeted therapies is further strengthening the adoption of molecular diagnostic tools across hospitals, laboratories, and research institutions worldwide. Technological innovation remains a key factor supporting market growth. Advancements in automated diagnostic platforms, rapid molecular testing kits, and portable diagnostic devices are improving laboratory efficiency and expanding testing capabilities. The integration of digital health platforms and advanced data analytics is also enhancing diagnostic accuracy and enabling more efficient disease monitoring. 

Molecular Diagnostics Market Share by Region 

North America holds a significant share of the molecular diagnostics market due to advanced healthcare infrastructure, strong research funding, and high adoption of innovative diagnostic technologies. 

Europe represents another key market, supported by expanding research initiatives, growing emphasis on early disease detection, and the increasing use of molecular testing in clinical diagnostics. 

Asia-Pacific is expected to witness notable growth during the forecast period, driven by expanding healthcare infrastructure, rising investments in biotechnology, and increasing awareness of advanced diagnostic technologies. 

Other regions including the Middle East, Africa, and South America are also gradually adopting molecular diagnostic technologies as healthcare systems strengthen disease surveillance and diagnostic capabilities. 

Molecular Diagnostics Market Trends & Forecast 

Growing Demand for Early Disease Detection 

Healthcare providers are increasingly utilizing molecular diagnostic tools to detect diseases at earlier stages, improving treatment outcomes and supporting preventive healthcare strategies. 

Advancements in Genomic and Molecular Testing Technologies 

Innovations in PCR technologies, sequencing platforms, and automated diagnostic systems are improving testing speed, accuracy, and scalability. 

“Molecular diagnostics adoption is expanding as healthcare providers prioritize earlier detection and more informed treatment decisions. Mordor Intelligence uses transparent research frameworks and multi-source validation, giving executives a dependable basis for comparing market outlooks.” Says, Soumya Goud, Senior Research Manager, Mordor Intelligence 

Molecular Diagnostics Market Segmentation Overview 

By Technology 

• PCR 

• Next-Generation Sequencing (NGS) 

• In Situ Hybridization 

• Chips & Microarrays 
  

• Mass Spectrometry 

• Other Technologies 

By Application 

• Infectious Disease 

• Oncology 

• Pharmacogenomics 

• Microbiology 

• Genetic Disease Screening 

• Human Leukocyte Antigen Typing 

• Blood Screening 

By Product 

• Reagents & Kits 

• Instruments & Systems 

• Software AG & Services 

By Sample Type 

• Blood, Serum & Plasma 

• Urine 

• Other Sample Types (Saliva, Tissue, Swabs) 

By End User 

• Hospitals 
  

• Diagnostic & Reference Laboratories 

• Academic & Research Institutes 

• Other End Users 

By Geography 

• North America 

• United States 

• Canada 

• Mexico 

• Europe 

• Germany 

• United Kingdom 

• France 

• Italy 

• Spain 

• Rest of Europe 

• Asia-Pacific 

• China 

• Japan 

• India 

• South Korea 
  

• Australia 

• Rest of Asia-Pacific 

• Middle East and Africa 

• GCC 

• South Africa 

• Rest of Middle East and Africa 

• South America 

• Brazil 

• Argentina 

• Rest of South America 

For a full breakdown of market dynamics, segmentation insights, regional analysis, and competitive landscape, access the details of the Mordor Intelligence report: https://www.mordorintelligence.com/industry-reports/molecular-diagnostics-market?utm_source=globenewswire 

Molecular Diagnostics Market Competitive Outlook 

The molecular diagnostics market features a combination of global diagnostic companies and biotechnology firms focusing on product innovation, research collaborations, and expansion of advanced diagnostic platforms. Companies are investing in automated testing systems, rapid molecular diagnostic kits, and next-generation sequencing technologies to strengthen their market presence and support the growing demand for precision diagnostics. 

Molecular Diagnostics Companies include: 

• Abbott    

• F. Hoffmann-La Roche Ltd   

• Thermo Fisher Scientific Inc.   

• Danaher Corporation   

• Qiagen  N.V.   

• Bio-Rad Laboratories    

• Hologic  Inc.   

• Siemens  Healthineers   

• Agilent Technologies  Inc.   

• Illumina Inc . 

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Point-of-Care Molecular Diagnostics Market Trends  - The point-of-care molecular diagnostics market is estimated to grow from USD 4.65 billion in 2026 to USD 7.97 billion by 2031, registering a CAGR of 11.37% during the forecast period. Market expansion is driven by increasing demand for rapid diagnostic testing, growing prevalence of infectious diseases, and rising adoption of decentralized testing solutions in clinical settings. 

F. Hoffmann-La Roche Ltd, Danaher Corporation, Thermo Fisher Scientific Inc., BioMérieux SA and Abbott are the major companies operating in this market. 

Read more about companies in the point-of-care molecular diagnostics market: https://www.mordorintelligence.com/industry-reports/point-of-care-molecular-diagnostics-market/companies?utm_source=globenewswire 

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