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Global PCR And Realtime PCR Testing Market Comprehensive Study: Forecasted Market Size And Growth Rate | Abbott Laboratories, Agilent Technologies Inc., bioMérieux SA, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd
PCR And Realtime PCR Testing Market Size
The Business Research Company offers in-depth market insights through PCR And Realtime PCR Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pcr and realtime pcr testing market size has grown strongly in recent years. It will grow from $20.86 billion in 2023 to $22.03 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to disease diagnosis, research and genomic studies, automation and high throughput, pharmaceutical and biotechnology applications, point-of-care testing.
The pcr and realtime pcr testing market size is expected to see strong growth in the next few years. It will grow to $27.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to pandemic response, precision medicine, cancer diagnostics, infectious disease surveillance. Major trends in the forecast period include infectious disease testing, point-of-care testing, digital pcr, multiplex assays.
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Market Segmentation:
The main products of polymerase chain reaction (PCR) and real-time polymerase chain reaction (PCR) testing are consumables, reagents, instruments, software, and services. The technologies involved in PCR and real-time PCR testing are quantitative PCR and digital PCR which provide various applications such as clinical diagnostics, life science research, industrial applications, and others. The market covered in this report is segmented by end-use into academic and research institutes, pharmaceutical and biotechnology, clinical diagnostics labs and hospitals, and others.
Major Driver - Role Of Real-Time Rt-Pcr In Accelerating Covid-19 Diagnosis And Driving Pcr And Realtime Pcr Testing Market
Early detection plays a key role in treating COVID-19 patients. The real-time RT-PCR technique is a susceptible and specific testing method that can deliver a reliable diagnosis in as fast as three hours, unlike the other laboratory tests that take an average of 6 to 8 hours. Real-time RT-PCR is significantly faster and has a lower potential for contamination or errors as the entire process is within a closed tube. Therefore, currently, it is considered to be the most accurate method available for the detection of coronavirus. This has created a huge demand for the growth of PCR testing market kits.
Competitive Landscape:
Major companies operating in the pcr and realtime pcr testing market include Abbott Laboratories, Agilent Technologies Inc., bioMérieux SA, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., QIAGEN N.V., GenMark Diagnostics Inc., Thermo Fisher Scientific Inc., General Electric Company, Danaher Corporation, Becton Dickinson and Company, Luminex Corporation, Meridian Bioscience Inc., Fluidigm Corporation, RainDance Technologies Inc., BioFire Diagnostics LLC, Cepheid Inc., Illumina Inc., Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Promega Corporation, Takara Bio Inc., Twist Bioscience Corporation, Zymo Research Corporation, BioChain Institute Inc., BioLegend Inc., Bioo Scientific Corporation, Creative Diagnostics, Eurofins Scientific SE, Myriad Genetics Inc.
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Top Trend - New Test Kits And Systems Drive Growth In The Pcr And Real-Time Pcr Testing Market
The companies in the PCR and real-time PCR Testing market are coming up with new test kits and systems for the diagnosis of diseases. In January 2022, BioGenex Life Sciences Pvt Ltd created an RT-PCR kit for diagnosing COVID-19. This kit is capable of identifying COVID-19 resulting from various SARS CoV-2 strains, including the "OmicronON" without the need for RNA extraction and does so twice as fast as conventional PCR tests. Most companies are coming up with Real-time RT-PCR tests for the coronavirus, contributing to the growth of the PCR and Realtime PCR Testing market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. PCR And Realtime PCR Testing Market Characteristics
3. PCR And Realtime PCR Testing Market Trends And Strategies
4. PCR And Realtime PCR Testing Market - Macro Economic Scenario
5. PCR And Realtime PCR Testing Market Size And Growth
…..
27. PCR And Realtime PCR Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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