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PCR Technologies Market - By Product (Kits & Reagents, Consumables, Instruments, Software & Services), Technique (Conventional PCR, Real-time PCR, Digital PCR, Reverse Transcription PCR, Hot-start PCR), Application, End-use – Global Forecast (2024 - 2032)
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PCR Technologies Market
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Base Year: 2021
Companies covered: 15
Tables & Figures: 374
Countries covered: 23
Pages: 207
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PCR Technologies Market Size
PCR Technologies Market size was valued at around USD 14.4 billion in 2023 and is estimated to grow at 8.1% CAGR from 2024 to 2032. PCR (Polymerase Chain Reaction) technologies refer to a collection of methods used to amplify, or make many copies of, a specific DNA sequence. This technique allows scientists to produce millions to billions of copies of a particular DNA segment from a very small initial sample.
The escalating prevalence of infectious diseases and genetic disorders underscores the growing necessity for PCR technologies. Citing the World Health Organization (WHO), genetic disorders and congenital abnormalities affect approximately 2%-5% of all live births, contributing to up to 30% of pediatric hospital admissions and around 50% of childhood fatalities in industrialized nations. Therefore, as these conditions become more prevalent, the demand for PCR-based tests is expected to rise. These tests are essential for rapidly and accurately identifying pathogens and genetic mutations, facilitating timely diagnosis, treatment, and optimal disease management.
Furthermore, PCR has undergone significant advancements over the years, leading to the development of faster, more sensitive, and highly efficient PCR techniques. These advancements include real-time PCR, digital PCR, and multiplex PCR, among others. Each iteration brings improvements in speed, accuracy, and the ability to detect multiple targets simultaneously, thus widening its applications in diagnostics and research.
PCR Technologies Market Trends
PCR Technologies Market Analysis
Based on product, the market is divided into kits & reagents, consumables, instruments, and software & services. The kits & reagents segment of the market is forecasted to reach USD 11.6 billion by 2032.
Based on technique, the PCR technologies market is bifurcated into conventional PCR, real-time PCR, digital PCR, reverse transcription PCR, hot-start PCR, multiplex PCR, and other techniques. The real-time PCR-based devices segment accounted for USD 4.7 billion in 2023, driven by its critical role in COVID-19 testing, which relies on real-time PCR for the accurate and sensitive detection of SARS-CoV-2.
Based on application, the PCR technologies market is divided into gene expression analysis, genetic sequencing, genotyping, nucleic acid detection, nucleic acid synthesis, standard validation/ verification, diagnostic application, and other applications. The diagnostic application segment of the market is forecasted to reach USD 6.4 billion by 2032, displaying robust growth propelled by several key factors.
Based on end-use, the PCR technologies market is bifurcated into hospitals & diagnostic centers, research & academics institutes, pharma & biotech companies, and other end-users. The hospitals & diagnostic centers segment accounted for USD 5.5 billion in 2023.
The growth of the PCR technologies market in the U.S., projected to reach USD 10.4 billion by 2032, is driven by increased investment in biomedical research, significantly supported by government funding initiatives and grants.
The PCR technologies market in UK is expected to experience significant and promising growth from 2024 to 2032.
Japan PCR technologies market is anticipated to witness lucrative growth between 2024 – 2032.
The PCR technologies market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
PCR Technologies Market Share
The PCR technologies sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.
PCR Technologies Market Companies
Some of the eminent market participants operating in the PCR technologies industry include:
PCR Technologies Industry News:
The PCR technologies market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product
Market, By Technique
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: