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Follow on Google News | Molecular Diagnostics Market Size, Share, Trends 2021Increased Significance of Companion Diagnostics The growing prominence of companion diagnostics that can enhance the treatment effects of different diseases by providing clinicians with clear clinical grounds for diagnosis and treatment, is propelling the molecular diagnostics market forward. Furthermore, the companion diagnostics market is likely to benefit from increased government efforts to advance companion diagnostics and therapies used during the treatment of cancer patients. For example, the US government initiated the Precision Medicine Initiative in 2015, which has resulted in many new therapies that are tailored to a specific trait, such as an individual's genetic profiling of a specific tumor, which has helped to transform treatment methods. The global molecular diagnostics market is also being boosted by the availability of oncology therapeutic drugs in the market for detecting cancer in its early stages. Rising Focus on the Point of Care (POC) Testing The most common testing method used around the world is point-of-care testing, which is the quickest and least costly method. Point-of-care diagnostics molecular testing allows doctors to enhance the quality of care by integrating rapid diagnosis with treatment decisions at the patient's first visit to derive the test results. Government funding, demand for self-testing diagnostics, and increasing customer awareness about faster diagnostics are all contributing to increased demand for Point-of-Care (PoC) testing. Deployment and miniaturization of advanced technology have also increased demand for POC testing, thereby bolstering the market growth. Read More:https://www.blueweaveconsulting.com/ End
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