TechDogs-"Polymerase Chain Reaction (PCR) Technologies And Global Markets 2023-2028 - New Research Signals Robust Advancements And Expanding Applications In Molecular Diagnostics - ResearchAndMarkets.com"

Market Research

Polymerase Chain Reaction (PCR) Technologies And Global Markets 2023-2028 - New Research Signals Robust Advancements And Expanding Applications In Molecular Diagnostics - ResearchAndMarkets.com

By Business Wire

Business Wire
Overall Rating

DUBLIN--()--The "Polymerase Chain Reaction (PCR) Technologies and Global Markets 2023-2028" report has been added to ResearchAndMarkets.com's offering.

PCR is a powerful molecular biology technique/tool. From diagnostics, research, and agriculture to forensics and environmental science, PCR techniques are an essential element in the arsenal of today's scientists. Although the fundamental concept of PCR has remained unchanged over the years, novel PCR methods/protocols have continued to advance. With the recent inclination toward genomic and biomarker research and development, demands for advanced PCR technologies to study nucleic acid samples in greater detail have increased significantly.

During the COVID-19 period (2020 to 2022), quantitative real-time reverse transcription PCR (RT-qPCR) enabled widespread screening and rapid detection of the COVID-19 virus. Laboratories significantly expanded the installed equipment base and increased RT-qPCR testing capacity to meet the sharply increased demand. The global market for quantitative real-time PCR (qPCR) had reached around $17.1 billion in 2021, driven by significantly high demand for COVID-19 PCR tests. As the pandemic subsided in late 2022, the PCR market is expected to attain the pre-pandemic level and value around $9.1 billion in 2023. The market is projected to reach $12.6 billion and grow at a CAGR of 6.7% through 2028. Given the qPCR advantages over the endpoint PCR methods (higher sensitivity, specificity, speed, quantitative analysis, wider range of applications, etc.), the qPCR market is expected to grow rapidly in the next five years.

Multiplex PCR is a rapidly growing market. This market is expected to reach $2.4 billion through 2028, at a CAGR of 9.6% through the forecast period. The advantages of multiplex PCR in terms of efficiency, cost-effectiveness, time-savings, and data quality make it a valuable tool in molecular biology, genetics, clinical diagnostics, and many other fields.

dPCR is the fastest-growing PCR technology. Prized for the highly precise standard curve-free absolute quantification, dPCR is rapidly gaining momentum in research and clinical laboratories for absolute quantification of viral load, nucleic acid standards, NGS libraries, and gene expression.

This research study analyzes the PCR market, offers revenue forecasts, assesses future trends, and provides strategic recommendations for the success of market participants. The scope of the study is global. This report estimates market data for 2022 (the base year) and forecasts for 2023 through 2028. Figures for 2023 are estimated, except where actual results are reported. This report includes forecasts by product type, technique, application, and region from 2023 through 2028.

The report also analyzes leading and emerging competitors in the current worldwide PCR market.

The Report Includes

  • 49 data tables and 65 additional tables
  • An overview and up-to-date analysis of the global markets for the polymerase chain reaction (PCR) technologies
  • Analyses of the global market trends, with historical market revenue data (sales figures) from 2021 to 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimate of the actual market size and revenue forecast for the PCR markets in USD millions, and corresponding market share analysis based on product, technique, application, and region
  • In-depth information (facts and figures) pertaining to the major market dynamics, R&D efforts, current status on MedTech, upcoming technologies, future demand in clinical diagnostics, and regulatory scenarios; and the impacts of COVID-19 pandemic on the worldwide market
  • Identification of the companies that are best positioned to meet the surging demand for innovations in PCR technology, owing to or in conjunction with their proprietary technologies, strategic alliances, and other competitive advantages
  • Discussion of sustainability trends and factors in emerging materials in the PCR market, with emphasis on consumer attitudes, ESG score analysis, future of ESG, and the ESG practices followed
  • An overview of the major vendors in the global PCR market along with an analysis of the structure of the industry, including company market shares and recent mergers and acquisitions (M&A) activity
  • Review of both new and existing patents on PCR technologies and their applications in molecular diagnosis of infectious diseases
  • Profiles of the leading global players, including F. Hoffmann-LaRoche, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Becton, Dickinson and Company, and Danaher Corp.

Key Attributes:

Report Attribute Details
No. of Pages 192
Forecast Period 2021 - 2026
Estimated Market Value (USD) in 2021 $10.5 Billion
Forecasted Market Value (USD) by 2026 $13.7 Billion
Compound Annual Growth Rate 5.4%
Regions Covered Global

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Dynamics

  • Market Drivers
    • COVID-19
    • Technology Advancements
    • Growing Demand in Clinical Diagnostics
    • Growth in Genomic and Biomarker Research
    • Robust Demand in Industrial Applications
  • Market Challenges
    • High Investment Cost
    • Lack of Trained Professionals
    • Technical Limitations and Competition from Alternative Technologies
    • Stringent Regulatory Landscape

Chapter 5 Market Breakdown by Technique

Chapter 6 Market Breakdown by Product

Chapter 7 Market Breakdown by Application

Chapter 8 Market Breakdown by Region

Chapter 9 ESG Development

Chapter 10 Emerging Technologies and Developments

Chapter 11 Patent Analysis

Chapter 12 Competitive Intelligence

Chapter 13 Company Profiles

  • Abbott
  • Agilent Technologies,
  • Becton, Dickinson And Co.
  • Biomerieux
  • Bio-Rad Laboratories
  • Danaher
  • Eppendorf
  • Eurofins Scientific
  • F. Hoffmann-La Roche
  • Hologic
  • Merck
  • Qiagen
  • Standard Biotools
  • Sysmex Inostics
  • Takara Bio
  • Thermo Fisher Scientific

For more information about this report visit https://www.researchandmarkets.com/r/90t08z

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

First published on Fri, Jan 19, 2024

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

ResearchAndMarkets Polymerase Chain Reaction (PCR) Molecular Biology Technique RT-qPCR Testing Biomarker Research

References:

Join The Discussion

  • Dark
  • Light