Polymerase Chain Reaction (PCR) Technologies market is anticipated to grow at a considerable CAGR of around 5.7% during the forecast period. The factors that are contributing to market growth include increasing in healthcare R&D expenditure, development of digital PCR technology benefited to cancer diagnostics and rising in the trend of self-diagnosis. Further, the advancement of molecular biology, forensic science, and genetic engineering are flourishing the growth of PCR market during the forecast period. Alternative technologies such as Nucleic Acid Sequence Based Amplification and Strand Displacement Amplification may hinder the market growth. The high cost of commercial PCR technology and next-generation sequencing are further expected to hamper the PCR market.
PCR is a molecular diagnostic technology and allows better detection of diseases. Technological advancement is the evolution of digital PCR system and real-time PCR system and by this advancement; the PCR is becoming more efficient and user-friendly. Some challenges include the high cost of the instruments, reagents and servicing contract. Moreover, growing application in clinical diagnostics, application in drug development and increasing demand for personalized medicine and precision medicine are the factors that anticipating the growth of PCR market across the globe.
Personalized medicine provides therapies to individual patients that depend on molecular disease. It provides better patient care; high safety margin and reduce healthcare cost. In the field of genetic medicine, the increasing demand for personalized medicine has created opportunities. For developing these opportunities, novel technologies must be incorporated. To gain an advantage in personalized medicine, the pharmaceutical firms and biotechnology are exploring consumer genetic testing and genomic medicine. The PCR has application in the molecular diagnostic of genetic diseases. It can detect genetic variation and predict response to various drugs.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2023
- Forecast period- 2023-2029
Segment Covered-
- By Application
- By Product
- By End User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Abbott laboratories, Inc., Agilent Technologies, Inc., F. Hoffmann-La Roche AG, Siemens AG, Thermo Fisher Scientific, Inc., Eppendorf AG, GE Healthcare, Illumina, Inc., and others.
PCR Technologies Market Report Segment
By Application
- Research Application
- Clinical Diagnostics Application
- Forensic Application
- Other Application
By Product
- Instruments
- Targeted Therapy
- Immunotherapy
By End User
- Pharmaceutical and Biotechnology Industries
- Clinical Diagnostics Labs and Hospitals
- Academic and Research Organizations
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Polymerase Chain Reaction (PCR) Technologies Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Abbott laboratories, Inc.
- Agilent Technologies, Inc.
- Amplyus, LLC
- Becton, Dickinson and Co.
- BioMérieux, Inc.
- Bio-Rad laboratories, Inc.
- BJS Biotechnologies
- Eppendorf AG
- Hoffmann-La Roche AG
- GE Healthcare
- Illumina, Inc.
- Luminex Corp.
- Merck KGaA
- PerkinElmer, Inc.
- Promega Corp.
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