Press release
Demand For PCR Reagents Is Projected To Increase At A Healthy CAGR Of 6.4% Over 2022-2032, States Fact.MR
One of the factors driving demand for PCR reagents is their increased use in the field of epigenetic research, along with rising investments in the life sciences industry. Use of PCR reagents is significantly impacted by the high demand for rapid testing in molecular diagnostics and point-of-care kits. Advancements in Next Generation Sequencing (NGS) are further accelerating the use of PCR in molecular diagnostics and research.
Adoption of novel biotechnology and improvements in healthcare infrastructure are expanding the applications of Polymerase Chain Reaction (PCR) as a diagnostic tool. Rise in investments in the life sciences sector and % GDP healthcare spending has fuelled the research at a genomic level. The molecular insights of the human body and fellow organisms are opening up broad markets to be explored by PCR reagents.
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Key Takeaways from Market Study
The global PCR reagents market is projected to expand at an impressive CAGR of 6.4% and be valued at US$ 2.32 billion by 2032.
Under the application segment, virus detection dominates the market and is valued at US$ 617.8 million in 2022.
Europe dominated the market with 27.7% market share in 2021.
Primary reagents occupy 91.6% of the global PCR reagents market in 2022 and this dominance is expected to continue throughout the forecast period.
Together, South Asia & ASEAN and Oceania are likely to represent 16.6% market share in 2022.
Market Development
Manufacturers in the field are focusing on robust research and development to attain the high accuracy and compatibility of reagents. The hit of the pandemic has also introduced numerous global leaders as well as local manufacturers into the market.
Global leaders are collaborating with local manufacturers to boost their consumer penetration and production capacity. Innovating PCR as a diagnostic tool against existing slow pathogen detection techniques has been a popular organic growth approach in the market.
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Competitive Landscape
Prominent PCR reagent manufacturers are Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Thermofishers, Biotium, MiRXES Pte Ltd, GeneDireX, Inc., Norgen Biotek Corp, Takara Holdings Inc., Qiagen, PCR Biosystems, Tonbo Biosciences, Quantabio, Kaneka Eurogentec S.A, Promega Corporation, InBios International, Abbott, Siemens Healthcare GmbH, bioMérieux SA, and F. Hoffmann-La Roche AG.
Sales of PCR products such as PCR reagents have been further boosted by the availability of customized PCR reagents that guarantee the effectiveness and accuracy of tests, provided by a few key companies such as Bio-Rad and PCR Bio Systems.
IsoFast Bst Polymerase reagents from PCR Biosystems were launched in March 2021, supporting sensitive, robust, and quick amplification of RNA and DNA. This allows for quicker testing methods.
Bio-Rad acquired Celsee, Inc., a single-cell analysis solutions provider, in April 2020. This acquisition will expand Bio-rad's reach in the rapidly growing world of precision medicine and molecular diagnosis.
Segmentation of PCR Reagents Industry Research
PCR Reagents Market by Reagent Type:
Primary
Primers
Polymerase
Pol Specific Buffer
Deoxynucleotides
Template
Sterile Water
Secondary
Magnesium Salt
Potassium Salt
Dimethyl sulfoxide (DMSO)
Bovine Serum Albumin (BSA)
Form amide
Betaine
PCR Reagents Market by Form:
Liquid PCR Reagents
Powder PCR Reagents
PCR Reagents Market by Packaging:
Master Mixes
Singleplex
Multiplex
Kits
PCR Reagents Market by Application:
Conventional Amplification
Genotyping
Mutation Analysis
SNP Loci Amplification
Virus Detection
STR and Microsatellite Analysis
Gene Expression Analysis
Molecular Cloning
RNA Detection
Others
PCR Reagents Market by Region:
North America
Latin America
Europe
East Asia
South Asia & ASEAN
Oceania
MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global PCR Reagents Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of reagent type (primary, secondary), form (liquid, powder), packaging (master mixes, kits), and application (conventional amplification, genotyping, mutation analysis, SNP loci amplification, virus detection, STR and microsatellite analysis, gene expression analysis, molecular cloning, RNA detection, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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