Sri Lanka Molecular Diagnostics Market Size & Outlook
Sri Lanka Molecular Diagnostics Market, 2018-2030 (US$M)
Global Market
Related Markets
Sri Lanka molecular diagnostics market highlights
- The Sri Lanka molecular diagnostics market generated a revenue of USD 50.0 million in 2024 and is expected to reach USD 58.2 million by 2030.
- The Sri Lanka market is expected to grow at a CAGR of 2.4% 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 50.0 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 2.4% (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, Sri Lanka accounted for 0.2% 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 Asia Pacific, China molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,497.8 million by 2030.
The rising incidence of Mpox cases and availability of tests for diagnosis is anticipated to boost market growth during the forecast period. In August 2024, Sri Lanka has prepared testing and treatment facilities for mpox, a viral disease caused by the monkeypox virus (MPXV), as announced by the Epidemiology Unit of the Ministry of Health.
The World Health Organization (WHO) had previously declared mpox a public health emergency. This preparedness highlights the growing global focus on infectious disease detection and control, which is expected to significantly boost the molecular diagnostic market.
With increasing demand for rapid and accurate diagnostic tools for emerging viral threats like mpox, there will be a greater need for advanced molecular testing solutions to support public health responses, drive innovation, and ensure timely disease detection and management.
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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 |
Sri Lanka 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 68.8% in 2024.
Horizon Databook has segmented the Sri Lanka molecular diagnostics market based on instruments, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
The rising incidence of Mpox cases and availability of tests for diagnosis is anticipated to boost market growth during the forecast period. In August 2024, Sri Lanka has prepared testing and treatment facilities for mpox, a viral disease caused by the monkeypox virus (MPXV), as announced by the Epidemiology Unit of the Ministry of Health.
The World Health Organization (WHO) had previously declared mpox a public health emergency. This preparedness highlights the growing global focus on infectious disease detection and control, which is expected to significantly boost the molecular diagnostic market.
With increasing demand for rapid and accurate diagnostic tools for emerging viral threats like mpox, there will be a greater need for advanced molecular testing solutions to support public health responses, drive innovation, and ensure timely disease detection and management.
- Sri Lanka Molecular Diagnostics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Instruments
- Reagents
- Others Product
- Sri Lanka Molecular Diagnostics Market Test Location Outlook (Revenue, USD Million , 2018-2030)
- Point of care
- Self test or OTC
- Central laboratories
- Sri Lanka Molecular Diagnostics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- PCR
- ISH
- INAAT
- Chips and microarrays
- Mass spectrometry
- Sequencing
- TMA
- Others Technology
- Sri Lanka 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 Sri Lanka Molecular Diagnostics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Sri Lanka Molecular Diagnostics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Sri Lanka Molecular Diagnostics Market, 2018-2030 (US$M)
Sri Lanka Product - Molecular Diagnostics Market Statistics, 2024 - 2030 (US$M)
