PCR Technologies Market Report, Size with Growth Research 2021 - Comprehensive Insights

A comprehensive overview of the PCR technologies market is recently added by UnivDatos Market Insights to its humongous database. The PCR technologies market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the PCR technologies market. The PCR technologies market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the PCR technologies market at the global and regional levels. Global PCR Technologies Market was valued at US$ 7.8 billion in 2020 and is anticipated to reach US$ 12.8 billion by 2027 displaying an elevated CAGR of 6.2% over the forecast period (2021-2027)

Market Overview

The demand for PCR techniques has been increasing on account of the increasing use of these techniques in the diagnosis of some infectious and genetic diseases. Some of the most common genetic disorders are thalassemia, sickle cell disease, Down syndrome, fragile X syndrome. Nearly, 80-90 million people around the globe are the carriers of β-thalassemia. Also, approximately 6,400,000 people all over the world are living with sickle cell disease and almost 300,000 children are born with sickle cell disease each year. Owing to the growing prevalence of these target diseases coupled with the proven efficacy of PCR-based techniques in the diagnosis of these disorders is expected to boost the use of various types of PCR techniques which in turn will support the growth of the market.

Furthermore, the growth of this market is also because of the growing demand for precision and personalized medicine coupled with numerous government initiatives. For instance, in 2016, the All of Us Research Program - a key part of the Precision Medicine Initiative (PMI) was launched in the United States. The main goal is to gather data from one million or more participants living in the US in order to extend precision medicine to all diseases. As of February 2019, the program had gathered more than 1,75,000 participants and over 1,00,000 samples.

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COVID-19 Impact

The COVID-19 pandemic has provided tremendous research resources while also highlighting the threat of deadly epidemic-prone diseases worldwide. Over the last decade, a technical revolution has created many new capabilities for pandemic response. PCR technologies market has been witnessed positive growth amid the COVID-19 pandemic as PCR emerged as a gold standard for genome identification of the coronavirus and thus, was the most preferred method for screening COVID-19 patients. Owing to the high demand for PCR kits all over the world, many industry leaders focused on the early commercialization of PCR-based COVID-19 diagnostic tools.

Global PCR Technologies Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily bifurcated into

• Reagents & Consumables
• Instruments
• Software

Reagents & Consumables segment dominated the by product of the global PCR technologies market and will row at X% CAGR to reach USD X million by the year 2027. However, the software segment is expected to grow at the highest CAGR between 2021-2027.

By Technology, the market is mainly segmented into

• Real-Time PCR
• Traditional PCR
• Digital PCR

Amongst technology, the Real-Time PCR segment accounted for the largest share and is expected to grow at the CAGR of X% during the forecast period 2021-2027. However, the digital PCR segment is expected to grow at the highest CAGR during the forecast period.

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By Application, the market is primarily studied into

• Clinical Diagnostics
• Research
• Forensic

In 2020, the Clinical Diagnostics segment dominated the global PCR technologies market with nearly X% of the market share and it is anticipated by 2027, the segment will garner USD X million of the market. However, the research segment is also anticipated to grow at the highest CAGR during the projected timeframe.

By End-user, the market is primarily segmented into

• Pharma & Biotechnology Companies
• Diagnostics Labs & Hospitals
• Academic & Government Research Institutes
• Others

Amongst end-user, the diagnostic labs & hospitals segment accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027. The large share of this segment is attributed to the growing number of diagnostic labs & medical labs across the world.

PCR Technologies Market Geographical Segmentation Includes:

• North America (United States, Canada, and Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
• Rest of the World

Based on the estimation, the North America region dominated the PCR technologies market with almost USD X million revenue in 2020 owing to the wide adoption of gene-based diagnostics in the region.

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The major players targeting the market includes

• Bio-Rad Laboratories
• F. Hoffmann-La Roche
• QIAGEN
• Thermo Fisher Scientific
• Agilent Technologies
• Takara Bio, Inc.
• Merck KGaA
• BioMerieux SA
• Siemens Healthineers
• Abbott Laboratories

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the PCR technologies market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the PCR technologies market?

• Which factors are influencing the PCR technologies market over the forecast period?

• What are the global challenges, threats, and risks in the PCR technologies market?

• Which factors are propelling and restraining the PCR technologies market?

• What are the demanding global regions of the PCR technologies market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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