The global molecular assay market is on a promising growth trajectory. Valued at USD 16.4 billion in 2024, it is projected to reach USD 24.6 billion by 2030. This growth is expected to occur at a compound annual growth rate (CAGR) of 7% during the forecast period from 2025 to 2030.
The markets expansion is driven by various factors, including advancements in molecular diagnostics and increasing demand for rapid and accurate testing methods. Molecular assays are crucial in fields such as medical diagnostics, pharmaceuticals, and biotechnology, contributing to their rising importance and market growth.
Additionally, the increasing prevalence of infectious diseases and genetic disorders is likely bolstering this demand. As healthcare sectors across the globe continue to emphasize precision medicine, molecular assays are becoming integral tools, further fueling market expansion.
Overall, the report by Wissen Research highlights a robust outlook for the molecular assay market. With continuous innovations and a growing need for sophisticated diagnostic tools, the market is poised for significant growth in the coming years.