Portable PCR Devices Market to Reach US $ XX Bn By 2024

Portable PCR Devices Market to Reach US $ XX Bn During the Forecast Period, Due to Rising Incidences of Infectious Diseases and Genetic Disorders

“The Portable PCR Devices Market is anticipated to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to an increased incidence of infectious diseases and genetic disorders.

Precision Business Insights (PBI) in its report titled “Portable PCR Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The Portable PCR devices market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. Rising incidences of infectious diseases and genetic disorders, increased usage of biomarkers for diagnosis of diseases, increasing government funding, investments and grants are the main factors fueling the growth of market. However, with the high initial costs for digital PCR devices and lack of knowledge and skilled professionals might hinder the growth of market during the forecast period.

Portable PCR devices market segmented on the basis of type, product, and component, mode of delivery, end user, and geographical regions

Pharmaceutical and Biotechnology Industries Will Dominate the Revenue Share.

Based on end-user type, portable PCR devices market is segmented on the basis of pharmaceutical and biotechnology industries, clinical diagnostics labs and hospitals, academic and research organizations, and others. The pharmaceutical and biotechnology industry segment held a major share of the market in 2017. Continuous development in pharmaceutical and biotechnology industries has driven the evolution of PCR techniques. The advent of these techniques has enabled scientists to identify novel genes, genetic variation, and gene expression in the tissues of an organism, which in turn has led to the comparative analysis of normal and diseased tissues. The clinical diagnostics labs and hospitals segment is projected to expand at a significant CAGR during the forecast period owing to the increase in applications of the PCR technique for the diagnosis of infectious diseases and cancer.

North America, Accounts for Major Revenue Share for Portable PCR Devices Market

Precision Business Insights (PBI) portable PCR devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America dominated the global portable PCR devices market. Rising incidence of various types of cancer and metabolic diseases that demand advanced diagnosis and therapies are major factors driving the market in North America. The market in Asia Pacific is projected to expand at a significantly high CAGR during the forecast period owing to improving health care infrastructure, and rising private and public investment in life science research and technological advancements in countries such as China and India.

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Strategic Collaborations & New Product Launch Vital Role in Portable PCR Devices Market

Major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. For instance, Agilent Technologies Inc. (NYSE:A) announced it will celebrate customer collaborations and introduce new laboratory solutions at the annual American Society for Mass Spectrometry conference.
Key player’s profiles in the report are 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, and Agilent Technologies.

Detailed Segmentation

By Portable PCR Devices Type

o Quantitative PCR
o Digital PCR

By Product Type

o Instruments
o Reagents and Consumables
o Services and Software

By Application Type

o Clinical Applications
o Blood Testing
o Oncology Testing
o Pathogen Testing
o Others
o Research Applications
o Forensic Applications

By End-User Type

o Hospitals
o Diagnostic Centers
o Research Laboratories
o Academic Institutes
o Forensic Laboratories
o Clinical Research Organizations
o Clinics

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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Precision Business Insights,

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Precision Business Insights,

Kemp House,
152 – 160 City Road,
London EC1V 2NX

This release was published on openPR.