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Global Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Overview Covering Forecast Market Size And Growth Rate 2033
Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Global Market Report 2024
According to The Business Research Company's, The polymerase chain reactions (pcr) devices, reagents and uses market size has grown strongly in recent years. It will grow from $5.9 billion in 2023 to $6.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to rising prevalence of infectious diseases, increasing demand for clinical diagnostic services, growing demand for personalized medicine, increasing adoption of pcr in research and development.
The polymerase chain reactions (pcr) devices, reagents and uses market size is expected to see strongly grown in the next few years. It will grow to $8.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to covid-19 and infectious disease monitoring, cancer diagnostics and liquid biopsies, agricultural and environmental applications, expansion of pharmacogenomics, genomic research advancements. Major trends in the forecast period include digital pcr, multiplex pcr, next-generation sequencing (ngs) integration, miniaturization and portable devices, ai and data analytics, automation and robotics.
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Market Drivers and Trends:
The growing prevalence of infectious diseases across the world is driving the polymerase chain reactions devices and reagents market. Polymerase chain reactions devices are used in clinical laboratories to detect the presence of infectious diseases. In a report published by the World Health Organization, it was reported that around 17 million people are killed in a year due to infectious diseases. Also, the same report stated that 30 new infectious diseases have emerged in the last 20 years. According to the National Centre for Health Statistics, 15.5 million people in the US visited a physician, due to an infectious disease. Such instances are increasing the demand for clinical diagnostic services and thereby driving the polymerase chain reactions devices and reagents market.
Companies in the polymerase chain reaction devices and reagents market are increasingly focusing on Digital PCR due to its higher accuracy compared to conventional PCR. Conventional PCR is an end-point investigation that is not fully quantified because the enhanced item is distinguished by agarose gel electrophoresis. Digital PCR expands on customary PCR enhancement and fluorescent-probe- based identification techniques to give a comprehensive evaluation of nucleic acids without the requirement for standard bends. The companies investing in digital polymerase chain reaction technology include BioRad Technologies, Atlas Genetics, OriGene Technologies STST-Diagnostica, Ugen Tec, and Genesis Healthcare Company.
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Major Key Players of the Market:
Bio-Rad Laboratories Inc.; F. Hoffmann-La Roche AG; Thermo Fisher Scientific Inc.; Becton Dickinson and Company; Abbott Laboratories; bioMérieux S.A.; Agilent Technologies Inc.; QIAGEN N.V.; Siemens Healthcare GmbH (Siemens AG); Fluidigm Corporation; SYGNIS Pharma AG; Takara Bio Inc.; Cepheid; Lontech Laboratories; Eppendorf India Private Limited; GE Healthcare; Kapa Biosystems; Maxim Biomedical Inc.; Promega Corporation; RainDance Technologies Inc.; Affymetrix Inc.; Beckman Coulter Inc.; Enzo Life Sciences Inc.; Roche Diagnostics GmbH; Merck KGaA; Danaher Corporation; Stilla Technologies; Meridian Bioscience Inc.; BioFire Diagnostics LLC; Luminex Corporation; GenMark Diagnostics Inc.
Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market 2024 Key Insights:
• The polymerase chain reactions (pcr) devices, reagents and uses market size will grow to $8.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Rising Prevalence Of Infectious Diseases Fuels Growth In Pcr Devices And Reagents Market
• Growing Emphasis On Digital Pcr Technology For Enhanced Accuracy In Pcr Devices And Reagents Market
• North America was the largest region in the polymerase chain reactions (PCR) devices and reagents market in 2023
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