Polymerase Chain Reaction (PCR) Market to Surge at a Robust Pace by 2024

Increase in R&D expenditure, developments in pharmacogenomics, trend of self-diagnosis of diseases as a preventive measure, and emergence of the digital PCR technology highly benefiting cancer diagnosis are factors projected to boost the growth of the global PCR market during the forec

Polymerase Chain Reaction (PCR) Market: Overview

  • Polymerase chain reaction (PCR) is a technique used to generate millions or billions of copies or duplicates or half-duplicates of a DNA, allowing researchers to take a small sample of DNA and intensify it (or a portion of it) to an enormous enough amount to concentrate exhaustively
  • It is used for genetic testing and research, including the examination of archaic DNA samples and the identification of irresistible specialists

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Rise in RD Expenditure: Key Driver

 

  • Increase in RD expenditure, developments in pharmacogenomics, trend of self-diagnosis of diseases as a preventive measure, and emergence of the digital PCR technology highly benefiting cancer diagnosis are factors projected to boost the growth of the global PCR market during the forecast period
  • Moreover, rise in research development activities in advanced molecular biology, genetic engineering, and forensic science are anticipated to propel the global PCR market during the forecast period

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Rise in Prevalence of Tuberculosis and Other Infectious Diseases: Major Driver

  • Tuberculosis is one of the most widespread infectious illnesses, with a particularly high prevalence in developing nations
  • According to the World Health Organization (WHO), an estimated ten million individuals were infected with tuberculosis globally in 2019. Additionally, this PCR test has been recommended for quick detection of pulmonary tuberculosis, replacing the traditional sputum smear microscopy approach.
  • China, India, and Indonesia were among the countries having a higher prevalence of the disease
  • According to the World Health Organization (WHO), herpes simplex virus type 1 infects around 3.7 billion individuals worldwide. Increase in incidence of various infectious diseases drives demand for diagnostic products, which is expected to boost the growth of the global market.

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Pharmaceutical Biotechnology Segment to Dominate Global Polymerase Chain Reaction (PCR) Market

  • The polymerase chain reaction (PCR) approach has been demonstrated to be effective in pharmaceutical and biotechnology research, as well as microbiological quality control
  • Additionally, the approach is used in genetic engineering. Genetic engineering is the primary driver of the global polymerase chain reaction (PCR) market.
  • It is used to discover genes associated with specific phenotypes, such as genetic illnesses
  • Regular testing of raw materials and finished products for microbial contamination is a critical practice in the pharmaceutical and biotechnology industries
  • In the pharmaceutical industry, sophisticated analytical procedures such as polymerase chain reaction (PCR) have been frequently used for quality control analysis

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North America to Dominate Global Polymerase Chain Reaction (PCR) Market

  • Increase in incidence of various types of cancer and metabolic diseases that demand advanced diagnosis and therapies are the major factors driving the market in North America
  • The advent of automated PCR instruments and higher purchasing power and affordability fuel the growth of the PCR market in developed countries in Europe such as the U.K., France, Italy, and Germany. Moreover, less stringent regulatory approval processes compared to the U.S. fuel the PCR market in Europe.
  • The market in Asia Pacific is projected to grow at a rapid pace during the forecast period, owing to improving health care infrastructure, rise in private and public investment in life science research, and technological advancements in countries such as China and India

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Major Players

  • Key players operating in the global polymerase chain reaction (PCR) market include
    • Bio-Rad Laboratories, Inc.
    • QIAGEN N.V.
    • F. Hoffmann-La Roche AG
    • Thermo Fisher Scientific, Inc.
    • Becton
    • Dickinson and Company
    • Abbott
    • Siemens Healthcare GmbH (Siemens AG)
    • bioMérieux SA
    • Danaher Corporation
    • Agilent Technologies
  • Each of these players has been profiled in the polymerase chain reaction (PCR) market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

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