Polymerase Chain Reaction (PCR) Market by Product (Instruments, Reagents and Consumables and Software) and End User: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023

Global polymerase chain reaction market expected to reach USD 10.62 billion by the end of 2023, growing at a CAGR of around 6.2% between 2017 and 2023. The polymerase chain reaction market is segmented on the basis of product into instruments, reagents and consumables and software.

26-Mar-2018 | Number of pages: 110 | Report Code: ZMR-2720 | Report Format : | Status : Published

Analysis

Polymerase chain reaction (PCR) also known as molecular photocopying is a technique used to amplify the small segments of DNA and RNA strands into billions of copies. It is a technique mainly used in molecular biology, genetic engineering, archeology, and biomedical researchers. In this technique, a polymerase enzyme is used to synthesize the required DNA, with the help of primers, buffer, and nucleotides. PCR is an easy, cheap and reliable way to replicate the focused DNA segment. PCR involves a process of heating and cooling called thermal cycling which is responsible for denaturation, annealing and extending of the DNA strand. Denaturation, annealing, and extension are repeated approximately 20 to 40 times so that the DNA doubles each time and amplified number of DNA strands are obtained.

PCR is mainly used in the mapping technique for the human genome project. The human genome project is an international collaborative research program which was formulated to completely map and understand all the genes of humans. Therefore it is a major driver for the growth of global polymerase chain reaction market. Increase in geriatric population, the high prevalence of disease and disorders like cancer, HIV-AIDS, Ebola, etc., rise in a number of diagnostic centers and hospitals, and technological advancements also drive the polymerase chain reaction technology market.  The increase in demand for research and development has also led to the growth of the global polymerase chain reaction market. PCR is also used to detect pathogenic microbes such as mycobacterium tuberculosis bacteria and influenza viruses. Due to this reason, there is an increase in demand for PCR in hospitals which drives the growth of the global polymerase chain reaction market. However, reimbursement issues and non-validated home-brew test acts as a restraint for the growth of the market. The high cost of machine and reagents also affects the growth of the global polymerase chain reaction market.

Global Polymerase Chain Reaction Market

Based on product, the market is segmented into instruments, reagents and consumables and software. The reagents and consumables segment is expected to exhibit the highest growth in the forecast period.

Based on the end user, the market is segmented into pharmaceutical and biotechnology industry, clinical diagnostics labs and hospitals and academic and research organizations. Clinical diagnostics and hospitals segment is expected to grow at the fastest rate over the forecast period.

North America is projected to continue its supremacy, in global polymerase chain reaction market, in the forthcoming years. The growth of this regional market is due to the increase in the demand for sophisticated diagnostics laboratories.  

Some of the key players in the global Pigments market are Affymetrix, Inc., Agilent Technologies, Inc., Sigma Aldrich Corporation, Abbott Laboratories, Beckman Coulter, Bio-Rad Laboratories, GE Healthcare, QIAGEN, Becton Dickinson & Company and Thermo Fischer Scientific. Major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio.  Currently, the market’s growth rate is very high, which has encouraged the leading players to focus on the development of new processes so that PCR becomes more efficient.


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