PUBLISHER: Mordor Intelligence | PRODUCT CODE: 808285
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 808285
The key factors propelling the growth of the Spanish in-vitro diagnostics market is the high prevalence of chronic diseases, increasing use of point-of-care (POC) diagnostics, and advanced technologies.
Molecular diagnostic devices are used to analyze biological markers in the genome and proteome to detect pathogens or mutations. On the basis of technology used, molecular diagnostic devices can be segmented into chips and microarrays, mass spectroscopy, next-generation sequencing (NGS), polymerase chain reaction (PCR)-based methods, cytogenetics, and molecular imaging. Factors, such as large outbreaks of bacterial and viral epidemics, increasing diseased population, and rapidly evolving technology in molecular diagnostics, are driving the growth. For instance, the outbreak of coronavirus, which has become a pandemic in a short period of time, has demanded high pressure of positive results from molecular diagnostics companies and laboratories, which is boosting the segment.
The companies are found focusing on increasing technological advancements in order to address customer needs, like fully automated systems that save manual processes and consumables. Manual processes also provide fast and accurate results. In addition, all the major IVD companies have launched new products for strengthening their diagnostic capabilities.