Next Generation Molecular Assay Market Market Size

Next Generation Molecular Assay Market size was valued at USD 5 Billion in 2023 and is set to reach USD 9 Billion by the end of 2036, expanding at around 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of next generation molecular assay is estimated at USD 5.2 Billion. With the increasing technological advancements in the healthcare infrastructure, the demand for innovative early disease detection testing tools is growing simultaneously boosting the next generation molecular assay market.

Moreover, evolving advanced methods such as polymerase chain reaction are helpful in achieving precise detections compared to traditional detecting methods. Polymerase chain reaction excels in identifying genetic material responsible for infection. For instance, polymerase chain reaction tests helped in the detection of SARS-CoV-2 and rescued many patients from the infection at an early stage.