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Polymerase Chain Reaction Market worth $20.82 billion by 2030, growing at a CAGR of 12.57% - Exclusive Report by 360iResearch
Polymerase Chain Reaction Market | 360iResearch
The Global Polymerase Chain Reaction Market to grow from USD 9.08 billion in 2023 to USD 20.82 billion by 2030, at a CAGR of 12.57%.
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Polymerase chain reaction (PCR) is a increasingly used technique in modern biology for in-vitro amplification and generating several copies of a specific region in a DNA strand. Increasing research and development (R&D) activities in advanced molecular biology and forensic science, rising demand for personalized medicines, and advancement in genetic engineering are projected to drive the demand for polymerase chain reaction instruments. The demand for polymerase chain reaction systems is increasing in the food industry to detect pathogenic microorganisms and identify allergens. However, the high cost and technical limitations associated with polymerase chain reaction impede the market's growth. The introduction of highly sensitive and optimized polymerase chain reaction instruments by market vendors is expected to fuel the market's growth.
The Americas represents a highly developing and innovative landscape for the global polymerase chain reaction market characterized by rising awareness and market players' increasing introduction of advanced polymerase chain reaction systems. In August 2022, GenScript USA launched a real-time polymerase chain reaction (RT-PCR) monkeypox test for research lab use. Significant governmental initiatives and investments to expand biotechnology research and development with advanced analytical equipment are expected to foster the growth of the polymerase chain reaction market. In May 2021, the Australian Government committed USD 206.4 million to a patent box tax incentive scheme to encourage investment in Australia's biotechnology and medical technology sectors. Asia's vast population, focus on investments in specialized clinical trial centers, and government support for clinical trials are significant factors in the region's reputation as a hub for successful clinical trials. The polymerase chain reaction market witnessed substantial growth in Europe, the middle east, and African (EMEA) regions owing to the ongoing development of the life science industry. According to the United Kingdom Government, the country's healthy life science sector contributes more than USD 66 billion and 220,000 jobs annually to the UK economy.
Market Segmentation & Coverage:
This research report categorizes the Polymerase Chain Reaction Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Consumables & Reagents, Instruments, and Software & Services. The Consumables & Reagents is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Digital PCR, Real-time PCR, and Traditional PCR. The Traditional PCR is projected to witness significant market share during forecast period.
Based on Application, market is studied across Medical and Non-Medical. The Medical is further studied across Clinical, Forensics, and Research. The Clinical is further studied across Blood screening, Oncology testing, and Pathology testing. The Non-Medical is further studied across Agriculture and Food. The Medical is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Academic Research Institutes, Biotechnology Companies, Contract Research Organization/ Contract Manufacturing Organization, Diagnostic Laboratories, and Hospitals. The Hospitals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Polymerase Chain Reaction Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Polymerase Chain Reaction Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Polymerase Chain Reaction Market, highlighting leading vendors and their innovative profiles. These include 10x Genomics, Inc., 3M Company, Abbott Laboratories, ACON Laboratories, Inc., Agilent Technologies, Inc., Azure Biosystems Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., bioMérieux, S.A., Danaher Corporation, Eppendorf SE, F. Hoffmann-La Roche Ltd., Fluidigm Corporation, GeneCopoeia, Inc., Illumina, Inc., JN Medsys Pte. Ltd., Kawasaki Heavy Industries, Ltd., KYORIN Pharmaceutical Co., Ltd., LabTurbo Biotech Corporation, LGC Limited, MBS Molecular Biology Systems, Merck KGaA, Microsynth AG, Molbio Diagnostics Pvt. Ltd., Ningbo Scientz Biotechnology Co., Ltd., Promega Corporation, Shimadzu Corporation, Siemens AG, Standard BioTools, Stilla Technologies, Stilla Technologies Inc., SV SCIENTIFIC PRIVATE LIMITED, Sysmex AG, Takara Bio Inc., Thermo Fisher Scientific, Inc., and VWR International, LLC by Avantor, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Polymerase Chain Reaction Market, by Product
7. Polymerase Chain Reaction Market, by Technology
8. Polymerase Chain Reaction Market, by Application
9. Polymerase Chain Reaction Market, by End-User
10. Americas Polymerase Chain Reaction Market
11. Asia-Pacific Polymerase Chain Reaction Market
12. Europe, Middle East & Africa Polymerase Chain Reaction Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Polymerase Chain Reaction Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Polymerase Chain Reaction Market?
3. What is the competitive strategic window for opportunities in the Polymerase Chain Reaction Market?
4. What are the technology trends and regulatory frameworks in the Polymerase Chain Reaction Market?
5. What is the market share of the leading vendors in the Polymerase Chain Reaction Market?
6. What modes and strategic moves are considered suitable for entering the Polymerase Chain Reaction Market?
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