Press release
Polymerase Chain Reaction (PCR) Technologies Market 2023 Driving Factors Forecast Research 2029
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 - 2021-2030
Base year- 2022
Forecast period- 2023-2030
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
A full report of Polymerase Chain Reaction (PCR) Technologies Market is available at: https://www.omrglobal.com/industry-reports/polymerase-chain-reaction-pcr-technologies-market
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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We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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