Polymerase Chain Reaction (PCR) Market Likely to Reach US$ 8.1 Billion, Expected to Rise at a CAGR of 6.4% From 2021 to 2028 | Transparency Market Research, Inc.

The global 𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐚𝐬𝐞 𝐜𝐡𝐚𝐢𝐧 𝐫𝐞𝐚𝐜𝐭𝐢𝐨𝐧 (𝐏𝐂𝐑) 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲, valued at US$ 4.1 billion in 2020, is poised for substantial growth, with an estimated compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. By the end of 2028, the market is anticipated to surpass US$ 8.1 billion in value.

Manufacturers are ramping up production of nose swab PCR tests to ensure accurate detection of the COVID-19 virus, although the accuracy of results is contingent upon factors such as sample collection timing, type, storage, handling, and processing. Notably, PCR tests diagnose active infection exclusively and do not indicate past infections, leaving room for false negatives if samples are inadequately obtained or if testing occurs too soon or late in the infection cycle. Despite these challenges, market players are urged to enhance PCR test output capacities, given the persistent threat of both existing and potential infectious diseases.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐚𝐬𝐞 𝐂𝐡𝐚𝐢𝐧 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧 (𝐏𝐂𝐑) 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Polymerase chain reaction (PCR) is a technique used to generate millions or billions of copies or duplicates or half-duplicates of a DNA, allowing researchers to take a small sample of DNA and intensify it (or a portion of it) to an enormous enough amount to concentrate exhaustively

It is used for genetic testing and research, including the examination of archaic DNA samples and the identification of irresistible specialists

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐑&𝐃 𝐄𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞: 𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫

Increase in R&D expenditure, developments in pharmacogenomics, trend of self-diagnosis of diseases as a preventive measure, and emergence of the digital PCR technology highly benefiting cancer diagnosis are factors projected to boost the growth of the global market during the forecast period

Moreover, rise in research & development activities in advanced molecular biology, genetic engineering, and forensic science are anticipated to propel the global market during the forecast period

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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,Agilent Technologies

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Instruments
Standard PCR
RT PCR
Digital PCR
Reagents
Consumables

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Pharmaceutical & Biotechnology Industries
Clinical Diagnostics Labs & Hospitals
Academic & Research Organizations
Others

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=830<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the PCR market include the development of point-of-care testing solutions, the integration of PCR with other diagnostic techniques, and the focus on automation and miniaturization to enhance efficiency and throughput.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the PCR market looks promising, with ongoing research and development initiatives aimed at improving test sensitivity, specificity, and turnaround time. Additionally, the market is expected to witness increased adoption in emerging economies, further fueling growth.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market researchers should focus on analyzing demand trends across different service types, identifying untapped opportunities in niche applications and regions, and assessing the competitive landscape to understand key players' strategies and market positioning.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐖𝐚𝐟𝐞𝐫 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐑𝐨𝐛𝐨𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/17/2671433/0/en/Wafer-Handling-Robots-Market-Sales-to-Generate-2-7-Billion-by-2031-Atmospheric-Wafer-Handling-Robots-Segment-to-Lead-the-Industry-States-Transparency-Market-Research.html

𝐏𝐢𝐞𝐳𝐨𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐀𝐜𝐭𝐮𝐚𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/17/2671351/0/en/Piezoelectric-Actuator-Market-is-Set-to-Grow-at-a-CAGR-of-5-2-Leading-to-a-Revenue-of-US-1-5-Billion-by-2031-Get-In-Depth-Studies-by-Transparency-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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