It was recently reported that the United States molecular diagnostics market is expected to exceed $9 billion by 2024 due to the increased incidence of infectious diseases and different types of cancer. In fact, there are at least 4 billion laboratory tests performed in the U.S. each year used to generate data on these diseases.
As this market continues to increase, so does the need for medical laboratory scientists. Correspondingly, there is a 22 percent projected growth of medical laboratory jobs that are needed to help physicians and patients detect and treat diseases faster. The United States’ population aged 65 and over will be comprised of around 83.7 million citizens in 2050. This increase in the aging population will lead to a greater need to diagnose medical conditions, such as cancer or type-2 diabetes, through laboratory procedures.
To learn more about the growing molecular diagnostics market and the future of medical laboratory science, check out the graphic below created by the University of Cincinnati.