Product ID: UCMIG35H2217
Molecular Methods Market Size, Share, Growth Analysis, By Technology (Revenue, USD Million, 2015 - 2026)(Polymerase Chain Reaction (PCR), Immunoassay), By Product (Revenue, USD Million, 2015 - 2026)(Instrument, Reagents & Consumables), By Regional (Revenue, USD Million, 2015 - 2026)(North America, The U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG35H2217 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Molecular Methods Market Insights
Market Overview:
The global molecular methods market for food safety testing achieved substantial recognition in 2018, boasting a valuation of approximately USD 1.7 billion. This valuation underscores the critical role that molecular methods play in ensuring the safety of the food supply chain. Anticipated growth is impressive, with a projected Compound Annual Growth Rate (CAGR) of 6.8% between 2019 and 2026. This growth trajectory is fueled by heightened concerns regarding foodborne illnesses and the demand for more accurate and efficient testing methods. As regulatory standards tighten and consumer awareness grows, the adoption of molecular methods for food safety testing is poised to increase, contributing to improved public health and quality control across the global food industry.
Molecular Methods Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Molecular Methods Market Report Snapshots
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