Canada Molecular Diagnostics Market Size & Outlook
Canada Molecular Diagnostics Market, 2018-2030 (US$M)
Global Market
Related Markets
Canada molecular diagnostics market highlights
- The Canada molecular diagnostics market generated a revenue of USD 966.6 million in 2024 and is expected to reach USD 1,189.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.1% from 2025 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2024.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Molecular diagnostics market data book summary
| Market revenue in 2024 | USD 966.6 million |
| Market revenue in 2030 | USD 1,189.2 million |
| Growth rate | 3.1% (CAGR from 2025 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global molecular diagnostics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 11,932.0 million by 2030.
The rising number of cancer cases highlights an increasing need for advanced molecular diagnostics to enable early detection and personalized treatment, driving market growth. According to the Canadian Cancer Society, an estimated 247,100 Canadians will be diagnosed with cancer in 2024, up from 239,100 new cases in 2023.
This increase is largely attributed to Canada's growing and aging population. Additionally, cancer-related deaths are projected to rise from 86,700 in 2023 to 88,100 in 2024. The Colorectal Cancer Association of Canada and the Canadian Cancer Society provide dedicated services to improve quality of life and deliver sophisticated medical care to patients to reduce the prevalence of colorectal cancer.
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Publish Date: Jan 08, 2025
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Becton Dickinson & Co | View profile | 73,000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | www.bd.com |
| BioMerieux SA | View profile | 13,982 | Marcy l’Etoile, Lyon, France, 69280 | www.biomerieux.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Hologic Inc | View profile | 6,990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | www.hologic.com |
Canada Molecular Diagnostics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Molecular Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 68.14% in 2024.
Horizon Databook has segmented the Canada molecular diagnostics market based on instruments, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
The rising number of cancer cases highlights an increasing need for advanced molecular diagnostics to enable early detection and personalized treatment, driving market growth. According to the Canadian Cancer Society, an estimated 247,100 Canadians will be diagnosed with cancer in 2024, up from 239,100 new cases in 2023.
This increase is largely attributed to Canada's growing and aging population. Additionally, cancer-related deaths are projected to rise from 86,700 in 2023 to 88,100 in 2024. The Colorectal Cancer Association of Canada and the Canadian Cancer Society provide dedicated services to improve quality of life and deliver sophisticated medical care to patients to reduce the prevalence of colorectal cancer.
- Canada Molecular Diagnostics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Instruments
- Reagents
- Others Product
- Canada Molecular Diagnostics Market Test Location Outlook (Revenue, USD Million , 2018-2030)
- Point of care
- Self test or OTC
- Central laboratories
- Canada Molecular Diagnostics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- PCR
- ISH
- INAAT
- Chips and microarrays
- Mass spectrometry
- Sequencing
- TMA
- Others Technology
- Canada Molecular Diagnostics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Oncology
- Pharmacogenomics
- Infectious disease
- Genetic testing
- Neurological disease
- Cardiovascular disease
- Microbiology
- Others Application
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Molecular Diagnostics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Molecular Diagnostics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Molecular Diagnostics Market, 2018-2030 (US$M)
Canada Product - Molecular Diagnostics Market Statistics, 2024 - 2030 (US$M)
