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Global Polymerase Chain Reaction (PCR) Devices Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Polymerase Chain Reaction (PCR) Devices Market, By Technology (Digital PCR, Real-time PCR), Product Type (Instrument, Reagent, Consumables, Others), Application (Oncology, Blood Testing, Pathogen Detection, Research, Forensic, Others), End-User (Hospital, Diagnostic Center, Pharmaceutical and Biotechnology Companies, Clinical Research Organizations, Academia, Laboratories) – Industry Trends and Forecast to 2029

Polymerase Chain Reaction (PCR) Devices Market

Global Polymerase Chain Reaction (PCR) Devices Market Analysis and Size

Over recent years, the personalized medicine, which strives to give individual patients with tailored therapies based on the biological basis of disease, has gained immense popularity. A major aspect driving market expansion is the rising desire for personalized and precise treatment. In pharmaceutical and biotechnology research as well as microbiological quality control, the polymerase chain reaction (PCR) method has shown immense growth. These determinants will aid in growth of the polymerase chain reaction (PCR) devices market.

  • Global Polymerase Chain Reaction (PCR) Devices Market was valued at USD 24.17 billion in 2021 and is expected to reach USD 29.22 billion by 2029, registering a CAGR of 2.40% during the forecast period of 2022-2029. The “consumables” accounts for the largest product type segment in the polymerase chain reaction (PCR) devices market within the forecasted period owing to the substantial demand for testing supplies for the SARS-CoV-2 pandemic. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Polymerase Chain Reaction (PCR) Devices Market Definition

Polymerase chain reaction (PCR) devices, also referred to as thermal cycler, are commonly used in laboratories to amplify DNA segments through polymerase chain reaction. Cloning, DNA sequencing, library building, mutagenesis, and expression profiling are just a few of the applications for PCR instruments.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Technology (Digital PCR, Real-time PCR), Product Type (Instrument, Reagent, Consumables, Others), Application (Oncology, Blood Testing, Pathogen Detection, Research, Forensic, Others), End-User (Hospital, Diagnostic Center, Pharmaceutical and Biotechnology Companies, Clinical Research Organizations, Academia, Laboratories)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Abbott (U.S.), bioMérieux (France), BD (U.S.), Danaher (U.S.), Thermo Fisher Scientific Inc., (U.S.), Siemens (Germany), Agilent Technologies, Inc, (U.S.), Merck KGaA (Germany),  Fluidigm (U.S.). QIAGEN (Germany), Bio-Rad Laboratories, Inc. (U.S.), Cytiva (U.S.), Stryker (U.S.), Johnson & Johnson Private Limited (U.S.), Smith+Nephew (U.K.),and Bruker (U.S.)

Market Opportunities

  • Rising research and development activities
  • Increasing technological advancements and modernization
  • Rising public and private investments

Polymerase Chain Reaction (PCR) Devices Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increased Demand For Polymerase Chain Reaction (PCR) Devices To Bolster Growth

The surging application in clinical diagnostics, rise in the usage of biomarkers for diagnosis of diseases infants , and rising demand for personalized and precision medicine are the most significant factors driving the growth for this market.

  • Growing Health Issues

Surging incidences of infectious diseases and genetic disorders infants, which further accelerate adoption of polymerase chain reaction (PCR) devices, are expected to accelerate the market's overall growth.

Furthermore, the increasing demand for advanced diagnostic techniques, the expanding healthcare sector, and the rising technological advancement to adopt the new technology in PCR devices infants are also expected to fuel market growth. Moreover, the rising awareness among the patients and doctors regarding the chronic diseases and hospital-acquired infections also cushions the market’s growth within the forecasted period. The surging number of CROs, forensic and research laboratories owing to their automation, real-time quantification, precision, accuracy, and sensitivity are also projected to bolster the growth of the market.

Opportunities

  • Growing Investments and Advancements

Moreover, the rising public and private investments are estimated to generate lucrative opportunities for the market. The increasing technological advancements and modernization in the healthcare devices and rising research and development activities will further offer numerous growth opportunities for the market.

Restraints/Challenges Global Polymerase Chain Reaction (PCR) Devices Market

  • Lack of Knowledge and Awareness

The dearth of knowledge and awareness regarding the polymerase chain reaction (PCR) devices in emerging economies is expected to obstruct market growth.

  • Dearth of Professionals Will Pose as a Challenge

Also, the shortage of skilled healthcare professionals or lack of trained experts are projected to challenge the polymerase chain reaction (PCR) devices market in the forecast period of 2022-2029.

This polymerase chain reaction (PCR) devices 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 polymerase chain reaction (PCR) devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Polymerase Chain Reaction (PCR) Devices Market

The polymerase chain reaction (PCR) devices market was largely impacted by the outbreak of COVID-19. The global outbreak of the coronavirus epidemic has boosted the demand for accurate and quick detection techniques like qPCR, owing to its better specificity and sensitivity than other tests, it is the gold standard for detecting the new coronavirus. The development of RT-qPCR kits that can identify SARS-CoV-2, as well as their widespread acceptance around the world. The combination of digital PCR and group testing procedures is expected to lower costs and increase testing capacity, which is estimated to impact the market positively.

Moreover, the majority of pharmaceutical and biotech industries are concentrating their research and development efforts on finding novel compounds or leads to treat COVID-19. The surging demand in the clinical diagnostic area of the industry has a positive impact on the market as the government does not authorize viral culture tests, practically all diagnostic tests use RT-PCR to test people who have COVID-19 symptoms and are urged by healthcare providers to get tested.

Therefore, the increased product demand had a positive impact on the market.

Recent Developments

  • In July 2021, PathStore declared the unveiling of the COVID-19 RT-PCR test in India at the lowest price compared to other companies. This quick test aims to get the most out of COVID-19 diagnosis in order to ensure timely treatment.

Global Polymerase Chain Reaction (PCR) Devices Market Scope

The polymerase chain reaction (PCR) devices market is segmented on the basis of technology, product type, 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.

Technology

  • Digital PCR
  • Real-time PCR

On the basis of technology, the polymerase chain reaction (PCR) devices market is segmented into digital PCR and real-time PCR.

Product Type

  • Instrument
  • Reagent
  • Consumables
  • Others

On the basis of product type, the polymerase chain reaction (PCR) devices market is segmented into instrument, reagent, consumables and others. The consumables dominated the market and accounted for the largest revenue share of more than 69.0% owing to the substantial demand for testing supplies for the SARS-CoV-2 pandemic.

Application

  • Oncology
  • Blood Testing
  • Pathogen Detection
  • Research
  • Forensic
  • Others

On the basis of application, the polymerase chain reaction (PCR) devices market is segmented into oncology, blood testing, pathogen detection, research, forensic and others.

End User

  • Hospital
  • Diagnostic Center
  • Pharmaceutical and Biotechnology Companies
  • Clinical Research Organizations
  • Academia
  • Laboratories

On the basis of end-user, the polymerase chain reaction (PCR) devices market is bifurcated into hospital, diagnostic center, pharmaceutical and biotechnology companies, clinical research organizations, academia and laboratories.

Polymerase Chain Reaction (PCR) Devices Market Regional Analysis/Insights

The polymerase chain reaction (PCR) devices market is analyzed and market size insights and trends are provided by country, technology, product type, application and end-user as referenced above.

The countries covered in the polymerase chain reaction (PCR) devices 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 polymerase chain reaction (PCR) devices market because of the region's rising favorable government initiatives and flexible regulatory guidelines.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising awareness among patients about early diagnosis of these diseases and increase in the patient pool due to the high prevalence of chronic and infectious diseases within the region.

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 polymerase chain reaction (PCR) devices 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 polymerase chain reaction (PCR) devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the polymerase chain reaction (PCR) devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Polymerase Chain Reaction (PCR) Devices Market Share Analysis

The polymerase chain reaction (PCR) devices 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 polymerase chain reaction (PCR) devices market.

Some of the major players operating in the polymerase chain reaction (PCR) devices market are

  • Abbott (U.S.)
  • bioMérieux (France)
  • BD (U.S.)
  • Danaher (U.S.)
  • Thermo Fisher Scientific Inc (U.S.)
  • Siemens (Germany)
  • Agilent Technologies, Inc (U.S.)
  • Merck KGaA (Germany)
  • Fluidigm (U.S.)
  • QIAGEN (Germany)
  • Bio-Rad Laboratories, Inc (U.S.)
  • Cytiva (U.S.)
  • Stryker (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • Smith+Nephew (U.K.)
  • Bruker (U.S.)

Research Methodology : Global Polymerase Chain Reaction (PCR) Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-pcr-devices-market

Customization Available : Global Polymerase Chain Reaction (PCR) Devices Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Polymerase Chain Reaction (PCR) Devices Market is Expected to Show a Value of USD 29.22 billion by 2029.
The Polymerase Chain Reaction (PCR) Devices Market is Estimated to Register a CAGR of 2.40% During the Forecast Period of 2022 to 2029.
The Major Companies Operating in the Polymerase Chain Reaction (PCR) Devices Market are Danaher (U.S.), Thermo Fisher Scientific Inc., (U.S.), Siemens (Germany), Agilent Technologies, Inc, (U.S.) and Merck KGaA (Germany).
The Countries Covered in the Polymerase Chain Reaction (PCR) Devices 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.
The Polymerase Chain Reaction (PCR) Devices Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.