Polymerase chain reaction (PCR) is a laboratory technique used to amplify DNA sequences. The polymerase chain reaction enables investigators to obtain the large quantities of DNA that are required for various experiments and procedures in molecular biology, forensic analysis, evolutionary biology, and medical diagnostics. The rise in demand for advanced diagnostics and growing application in clinical diagnostics is expected to increase the demand for polymerase reaction tests. For instance, in August 2022, GenScript USA launched a real-time polymerase chain reaction (RT-PCR) monkeypox test for research lab use. The kit is based on RT-PCR technology and PCR amplification in one-step.
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The Polymerase Chain Reaction (PCR) Market is expected to grow at a steady rate of around 9% owing to the increasing application of polymerase chain reaction (PCR) in research and forensic laboratories. Major companies in the market growing focus on gene-based research and the launch of new and innovative technologies. For instance, in July 2021, PathStore, a France-based multinational company launched the covid-19 RT-PCR test priced at ₹299 (USD 3.65), the lowest so far among the private sector diagnostic industry.
According to UnivDatos Market Insights (UMI)’ research report “Global Polymerase Chain Reaction Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the rising demand for personalized and precision medicine and increasing application in clinical diagnostics.
Based on type, the polymerase chain reaction market is segmented into real-time RT-PCR, conventional PCR, digital PCR, and others. The real-time PCR segment held a significant market share in 2021. This is mainly due to the commonly used gene expression and DNA or RNA in a sample. Also, the use of real-time RT-PCR to identify the existence of SARS-CoV during the COVID-19 pandemic prompted the growth of the RT-PCR market.
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Based on the application, the polymerase chain reaction market is segmented into infectious diseases, cancer, inherited disorders, and others. Infectious diseases are expected to grow with a significant CAGR during the forecast period. This is mainly due to an increase in the prevalence of infectious diseases. As per the article of BMC Infectious Diseases, in 2022, In total, 106,289 cases of 130 infectious diseases were diagnosed among the population, with an incidence density (ID) of 694.86 per 100,000 person-years.
Europe to witness extensive growth
For a better understanding of the market adoption of the Polymerase chain reaction industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Europe is the second dominant region due to the increasing prevalence of cancer cases that require an accurate diagnosis. Furthermore, the increase in research and development activities for advancement in PCR technology and the rise in collaboration agreements among companies for development boosts the growth of the polymerase chain reaction market. For instance, in January 2022, Qiagen, a leading developer of diagnostic devices, entered into collaboration with Atila BioSystems and Actome GmbH to provide non-invasive prenatal testing (NIPT) solutions to QIAGEN’s dPCR and licensing & co-marketing agreement.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Polymerase chain reaction market are Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., QIAGEN, Agilent Technologies Inc., Standard Biotools, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Abbott, Promega Corporation, Takara Bio Inc.
“Global Polymerase Chain Reaction Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Type (Real-Time RT-PCR, Conventional PCR, Digital PCR, Others)
2. By Application (Infectious Diseases, Cancer, Inherited Disorders, And Others)
3. By End User (Hospitals & Clinics, Pharmaceutical & Biotechnology Industries, Academic & Research Labs, Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., QIAGEN, Agilent Technologies Inc., Standard Biotools, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Abbott, Promega Corporation, Takara Bio Inc.)
Key questions answered in the study:
1. What are the current and future trends of the global polymerase chain reaction industry?
2. How the industry has been evolving in terms of type, application, and end user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global polymerase chain reaction industry?
5. What is the customer orientation, purchase behavior, and expectations from the global polymerase chain reaction suppliers across various region and countries?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE POLYMERASE CHAIN REACTION MARKET
6 POLYMERASE CHAIN REACTION MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY END USER
10 MARKET INSIGHTS BY REGION
11 POLYMERASE CHAIN REACTION MARKET DYNAMICS
12 POLYMERASE CHAIN REACTION MARKET OPPORTUNITIES
13 POLYMERASE CHAIN REACTION MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER