Polymerase Chain Reaction (PCR) Technologies Market Size, Share, Growth, Analysis and Forecast 2023-2030

The global PCR technologies market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period. The growth of the market is largely driven by factors such as increased adoption of PCR testing kits and the presence of key market players. The growth of the market is supported by launches of the approved RT-PCR testing kits and a large number of treatment opportunities in the first-line advanced setting. PCR technologies companies in the market include Abbott Laboratories, Inc., Agilent Technologies, Inc., F. Hoffmann-La Roche AG, Siemens AG, Thermo Fisher Scientific, Inc., Eppendorf AG, F. Hoffmann-La Roche AG, GE Healthcare, Illumina, Inc. The PCR test kit has gotten the approval of the FDA for the diagnosis of COVID-19 and other diseases such as cancer, and genetic diseases are expected to fuel the growth of the market.

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For instance, in November 2020, the US FDA issued Lucira COVID-19 All-In-One Test Kit for self-testing at home and that provides rapid results. The test kit has authorized for home use with self-collected nasal swab samples in individuals age 14 and older who are suspected of COVID-19 by their health care provider. Moreover, in March 2022, Minute Molecular Diagnostics received US FDA approval for DASH (Diagnostic Analyzer for Specific Hybridization). The test uses polymerase chain reaction (PCR) techniques that amplify DNA, increasing incredibly small virus samples to detectable levels.

In addition, in September 2021, Visby Medical announced the approval of instrument-free Reverse Transcription (RT)-Polymerase Chain Reaction (PCR) COVID-19 test by the US FDA for testing pooled patient samples in high-complexity Clinical Laboratory Improvement Amendments (CLIA)-certified laboratories. Through this kit, the laboratories can meet the increasing testing demand by analyzing up to five patients' samples at once and aids in decreasing the testing cost.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
o By Application

o By Product

o By End User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o 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.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global 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

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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