Global Real-Time Polymerase Chain Reaction Technology Market, By Product (Reagents and Consumables, Instruments, Software, Services), Application (Clinical, Research, Forensics, Life Sciences, Others), End User (Diagnostic Centers and Hospitals, Biotech and Pharma Companies, Academic and Research Institutions) – Industry Trends and Forecast to 2029.
Real-Time Polymerase Chain Reaction Technology Market Analysis and Size
The polymerase chain reaction is used by a diverse group of scientists across a wide range of scientific disciplines. PCR is used in research laboratories in microbiology and molecular biology, for instance, in DNA cloning procedures, Southern blotting, DNA sequencing, and recombinant DNA technology. In clinical microbiology laboratories, PCR is invaluable for microbial infection diagnosis and epidemiological studies. In food science, PCR has grown in importance as a valuable alternative to traditional detection methods in the agricultural and food industries. PCR is also used in forensic laboratories and is particularly useful because only a small amount of original DNA is required, such as a droplet of blood or a single hair.
Data Bridge Market Research analyses that the real-time polymerase chain reaction technology market which was USD 32 billion in 2021, would speed up to USD 61.46 billion by 2029, and is expected to undergo a CAGR of 8.50% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Real-Time Polymerase Chain Reaction Technology Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Reagents and Consumables, Instruments, Software, Services), Application (Clinical, Research, Forensics, Life Sciences, Others), End User (Diagnostic Centers and Hospitals, Biotech and Pharma Companies, Academic and Research Institutions)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Agilent Technologies, Inc. (U.S.), bioMérieux (France), Merck KGaA (Germany), Standard BioTools (U.S.), Takara Bio Inc. (Japan), Beckman Coulter, Inc. (U.S.), BD (U.S.), Cepheid. (U.S.), Eppendorf SE (Germany), GENERAL ELECTRIC (U.S.), Roche Sequencing (U.S.), PerkinElmer Inc. (U.S.), Promega Corporation (U.S.), Siemens (Germany)
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Market Opportunities
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Market Definition
The method that creates multiple copies of a particular DNA region in vitro uses the polymerase chain reaction. The technique relies on a DNA polymerase known as TAQ polymerase, which is thermostable. Thermus aquaticus is used to produce this polymerase. They occupy hot springs and hydrothermal vents. The target region to be reproduced is produced in large numbers by the PCR reaction, which involves repeat cycles at a range of temperatures.
Global Real-Time Polymerase Chain Reaction Technology Market Dynamics
Drivers
- Rising frequency of infectious diseases
The polymerase chain reaction (PCR) has been used and shown to be effective in detecting minute amounts of a wide range of infectious agents. The best conditions for amplification vary depending on the organisms of interest. PCR was used as a rapid and sensitive method for detecting infectious agents, and three assay systems were developed, one for the amplification of human T cell leukaemia virus type I, one for Mycobacterium tuberculosis, and one for Mycoplasma pneumoniae. These all factors will propel the market.
Furthermore, the ageing population and the rising frequency of infectious diseases have a significant impact on the growth of the real-time polymerase chain reaction technology market.
- Rising research and development activities
The increased use of the polymerase chain reaction for cancer diagnosis is expected to drive market growth in the coming years. All of these factors are responsible for creating a greater demand for this technique in the coming years, research and development activities for providing innovative molecular biology and forensic science as there has been a great demand for genetic engineering as well as personalised medicines the market is expected to grow well during the forecast period.
Opportunities
- Rising demand for polymerase chain reaction
The majority of the market opportunities are due to an increasing demand for personalised medicines. To detect a disease, technology that can gather information at the molecular level will be extremely useful. Polymerized chain reaction techniques are widely used in all screening methods. The introduction of the polymerase chain reaction boosted the biotechnology industry. Polymerase chain reaction is a vital component of both the life sciences and the pharmaceutical industry. As the devices are used on a large scale for drug discovery, the demand for polymerase chain reaction technology is expected to increase significantly in the coming years.
Restraints/Challenges
- High cost of technology
On the other hand, technical limitations along with high cost of technology are acting will obstruct the market's growth rate.
This real-time polymerase chain reaction technology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the real-time polymerase chain reaction technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Real-Time Polymerase Chain Reaction Technology
COVID-19 had a positive impact on the market. The need for accurate illness diagnosis increased during the COVID-19 pandemic outbreak. The polymerase chain reactions were in high demand from many nations throughout the world. Since the polymerase chain reaction was thought to be one of the most trustworthy methods, it was used for the majority of diagnoses. During the pandemic, there was a huge demand from both developing and developed countries for tests, reagents, and various items. The majority of industry participants, including Thermo Fisher Scientific, saw a rise in sales during the pandemic. The revenue earned by Thermo Fisher Scientific's bio sciences division was up by 77.5% from the prior years. The market for the real-time polymerase chain reaction grew during those years and is anticipated to continue growing well in the years to come as the COVID-19 pandemic epidemic expected for a longer period of time.
Global Real-Time Polymerase Chain Reaction Technology Market Scope
The real-time polymerase chain reaction technology market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Reagents
- Consumables
- Instruments
- Software
- Services
Application
- Clinical
- Research
- Forensics
- Life Sciences
- Others
End User
- Diagnostic Centers
- Hospitals
- Biotech
- Pharma Companies
- Academic
- Research Institutions
Real-Time Polymerase Chain Reaction Technology Market Regional Analysis/Insights
The real-time polymerase chain reaction technology market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.
The countries covered in the real-time polymerase chain reaction technology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the real-time polymerase chain reaction technology market owing to the rising occurrences of hepatitis, HIV, viral infections and other diseases.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the adoption of advanced technologies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The real-time polymerase chain reaction technology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for real-time polymerase chain reaction technology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the real-time polymerase chain reaction technology market. The data is available for historic period 2010-2020.
Competitive Landscape and Real-Time Polymerase Chain Reaction Technology Market Share Analysis
The real-time polymerase chain reaction technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to real-time polymerase chain reaction technology market.
Some of the major players operating in the real-time polymerase chain reaction technology market are:
- Thermo Fisher Scientific Inc. (U.S.)
- Bio-Rad Laboratories Inc. (U.S.)
- Agilent Technologies, Inc. (U.S.)
- bioMérieux (France)
- Merck KGaA (Germany)
- Standard BioTools (U.S.)
- Takara Bio Inc. (Japan)
- Beckman Coulter, Inc. (U.S.)
- BD (U.S.)
- Cepheid. (U.S.)
- Eppendorf SE (Germany)
- GENERAL ELECTRIC (U.S.)
- Roche Sequencing (U.S.)
- PerkinElmer Inc. (U.S.)
- Promega Corporation (U.S.)
- Siemens (Germany)
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