SINGAPORE, May 10, 2017 /PRNewswire/ -- The molecular diagnostics (MDx) market in the Asia-Pacific
"Companies aiming to enter APAC or expand regionally have to devise tailor-made strategies for successful market penetration. They should actively seek out joint ventures and strategic partnerships to gain wider market share and remain sustainable in a tech-driven industry," said Transformational Health Industry Analyst M Shaillender. "Early movers such as Qiagen have succeeded with viable business opportunities and solid revenue returns."
APAC Molecular Diagnostics Market, Forecast to 2021, a recent research from Frost & Sullivan's Life Sciences Growth Partnership Service program, examines the APAC MDx market and identifies growth segments, trends driving adoption, and strategic measures taken by market majors such as Roche, Thermofisher, Qiagen and Sysmex. The market, which stood at US$1.72 billion in 2016, is expected to generate US$2.86 billion by 2021, growing at a compound annual growth rate (CAGR) of 10.7 percent.
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China and India will drive the future of the APAC MDx market, with tremendous growth opportunities gaining prominence in the global pharmaceutical industry. Other developments in the APAC MDx market include:
"MDx tests for oncology diagnostics and pharmacogenomics are key areas to watch as they redefine treatment and expand the panel of diagnostics toward particular diseases, leading to personalized medicine," observed Shaillender.
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APAC Molecular Diagnostics Market, Forecast to 2021 P92E-52
Contact: Carrie Low Corporate Communications Asia-Pacific P: +603 6204 5910 F: +603 6201 7402 E: [email protected]
Melissa Tan Corporate Communications Asia-Pacific P: +65 6890 0926 F: +65 6890 0999 E: [email protected]
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SOURCE Frost & Sullivan
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