PCR Technologies Market Size, Share, Growth Report 2030

PCR Technologies Market

PCR Technologies Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-6196 Status : Upcoming

Polymerase chain reaction (PCR) is a technique of in-vitro enzymatic synthesis and amplification of small specific fragments of DNA to generate thousands to millions of copies of a DNA sequence. Currently, one of the most useful tools that is been extensively used in the field of molecular biology is PCR.

Description

Global PCR Technologies Market: Overview

Polymerase chain reaction (PCR) is a technique of in-vitro enzymatic synthesis and amplification of small specific fragments of DNA to generate thousands to millions of copies of a DNA sequence. Currently, one of the most useful tools that is been extensively used in the field of molecular biology is PCR. It is been used for DNA fingerprinting, genetic testing, and tissue typing & mapping. To support PCR testing, several PCR technologies are available which include, qPCR machines, PCR workstations & cabinets, gradient PCR machines, and thermal cyclers.

Global PCR Technologies Market: Growth Factors

The global PCR technologies market is growing at a significant rate. Some of the prominent factors that are propelling the growth of the global market are the growing prevalence of genetic disorders & target diseases, the increase in the shift towards the use of miniaturized portable instruments, and the growing use of biomarker profiling for the diagnosis of diseases. The PCR technologies are widely used for the diagnosis of a wide variety of autoimmune & genetic diseases, infections, and malignant neoplasms. PCR has enhanced the understanding of pathogenesis, improved the accuracy & rapidity of diagnosis, and also help identify the cause of infectious diseases due to its ability to detect minute amounts of RNA or DNA contained in fluids or tissues. In addition to this, rather than the whole genome, PCR focuses on an actual segment of DNA which enables the diagnosis of genetic disorders. In gene therapy cases, PCR is widely used to monitor the functioning of genes and gene segments. All these factors coupled with the rise in the development of personalized medicine owing to the availability of personal genome testing and expanding field of nutrigenomics are fueling the growth of the global PCR technologies market. Moreover, factors such as growing research on rare diseases, rapid development in healthcare infrastructure in developing countries, and growing demand from forensic as well as research laboratories are spurring the growth of the global market. Furthermore, technological advancements to enhance the efficiency of existing technologies may behold numerous opportunities for the growth of the global PCR technologies market during the forecast period. However, the involvement of large capital investments for dPCR instruments may limit the growth of the global PCR technologies market.

The emergence of the Covid-19 pandemic has a positive impact on the global PCR technologies market. Genomic sequencing and identification by PCR is the key screening process in Covid-19 testing. The ability of precise and rapid diagnosis helped the healthcare providers to track as well as appropriately treat Covid-19 patients. With the increase in the Covid-19 patients across the world, the demand for PCR-based diagnostic tools and solutions also increased. This led to substantial growth in the global market amid the Covid-19 pandemic.

Global PCR Technologies Market: Segmentation

The global PCR technologies market is segregated based on product, technology, application, end-user, and region. Based on the product, the global market is classified into services, software, instruments, and reagents & consumables. Based on the technology, the global PCR technologies market is categorized into digital PCR, traditional PCR, real-time PCR, multiplex PCR, hot-start PCR, and others. The application segment is bifurcated into forensic, research, clinical, and non-medical. The end-user segment comprises hospitals & diagnostic labs, applied industries, pharma-biotech companies, academia & government organizations, and healthcare industry.

Global PCR Technologies Market: Regional Analysis

Regionally, North America is projected to contribute to a maximum share in the global PCR technologies market. The presence of advanced technology, growing demand for personalized medicine, and rise in prevalence of genetic disorders are the major factors that are leading to the growth of the market in this region. Europe is anticipated to hold a significant share in the market. This is attributed to the growing investment in academic research and the rise in demand for rapid & accurate diagnosis of disease. On the other hand, the Asia Pacific market is expected to be the fastest growing due to the huge demand owing to the current Covid-19 pandemic situation and rise in prenatal genetic testing.

Global PCR Technologies Market: Competitive Players

With the growing demand for PCR-based diagnostic tools and kits, the global PCR technologies market is witnessing strong competition to sustain in the market. Some of the key players operating in the market are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Fluidigm Corporation, GE Healthcare, Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., BioMérieux SA, Microsynth AG, Abbott Laboratories, and QIAGEN.

Global PCR Technologies Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Some of the prominent factors that are propelling the growth of the global market are the growing prevalence of genetic disorders & target diseases, the increase in the shift towards the use of miniaturized portable instruments, and the growing use of biomarker profiling for the diagnosis of diseases. Furthermore, technological advancements to enhance the efficiency of existing technologies may behold numerous opportunities for the growth of the global PCR technologies market during the forecast period.

With the growing demand for PCR-based diagnostic tools and kits, the global PCR technologies market is witnessing strong competition to sustain in the market. Some of the key players operating in the market are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Fluidigm Corporation, GE Healthcare, Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., BioMérieux SA, Microsynth AG, Abbott Laboratories, and QIAGEN.

Regionally, North America is projected to contribute to a maximum share in the global PCR technologies market. The presence of advanced technology, growing demand for personalized medicine, and rise in prevalence of genetic disorders are the major factors that are leading to the growth of the market in this region.

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