qPCR Reagents Market 2022 | Growing Demand of qPCR Kits

According to Precision Business Insights (PBI), the latest report, the qPCR Reagents market market is valued at USD 2,193.9 million in 2022 and is poised to grow at a significant CAGR of 7.9% over 2022-2028. The primary driver of the expansion of the global qPCR Reagents market is infectious diseases and genetic disorders, an increase in the aging population, rising demand for drug discovery and pharmacogenomics, and technological development in the medical and healthcare sectors.

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Dye-Based Reagents Segment to Dominate the qPCR Reagents Market:
Amongst type, the dye-based segment held considerable market share during the estimated period. The use of fluorescent DNA-binding dyes is one of the most excellent upfront and common qPCR methods used by scientists. Dye-based diagnostic qualitative PCR is applied to quickly detect nucleic acids that are diagnostic of, for example, infectious diseases, cancer and genetic disorders. Furthermore, Cancer Research UK advises that the population suffering from cancer is expected to increase in the future period and would expect to enhance the revenue share in the global qPCR Reagents market. Dye Based Reagents with continuous advancement provide an opportunity to display innovation, which would expect to expand the market in coming years.

North America qPCR Reagents Market:
The North America market is expected to increase in the global qPCR Reagents market over the forecast period. North America is the largest qPCR reagents market as the area is having huge number of industry players. Other factors escalating the growth of the North American market are technological advancement of qPCR tests, mounting public & private grant to enlarge the application base of qPCR and ongoing research in medical sectors. Asia-Pacific witnessed the fastest growth in the market as the region covers the largest population. In addition, rising occurrence of infectious diseases and genetic disorders, growing geriatric population, rising initiatives to enhance awareness towards gene-based disease treatment, rising frequencies of criminal cases, growing intensity of global life sciences industries, and mounting private and public support to widen the innovative digital PCR technologies, are also generating a positive impact on the qPCR reagents business growth in the region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global qPCR Reagents market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2022, Cipla launched 'RT Direct' Multiplex real time PCR kit for COVID-19. In Oct 2021, Takara Bio Europe launched CE-IVD registered RT-qPCR diagnostics kit for SARS-CoV- 2.

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The qPCR Reagents market is segmented based on product, type, application, end user and geography.
Based on the product, the market is segmented into the following:
• qPCR Instruments
• qPCR Reagents and Consumables
• qPCR Software and Services

Based on the type, the market is segmented into the following:
• Probe & Primer-based Reagents
• Dye-based Reagents

Based on the application, the market is segmented into the following:
• Clinical Applications
• Research Applications
• Forensic Applications
• Others

Based on the end user, the market is segmented into the following:
• Pharmaceutical and Biotechnology Companies
• Clinical Research Organizations
• Hospitals and Diagnostic Centres
• Research Laboratories and Academic Institutes
• Forensic Laboratories

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the qPCR Reagents market report are Promega, Bio-Rad Laboratories, Qiagen N.V, F. Hoffmann-La Roche, Quanta Biosciences, Agilent Technologies, Takara Bio, Affymetrix, Sigma-Aldrich.

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This release was published on openPR.