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Polymerase Chain Reaction (PCR) Consumables Market Expected to Hit USD 754.4 Million by 2031, Growing at 4.3% CAGR on the Back of Rising Precision Medicine Demand - Transparency Market Research
Polymerase Chain Reaction (PCR) Consumables Market
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The growth of the PCR consumables market is being propelled by the increasing prevalence of chronic and infectious diseases and a surge in the demand for personalized and precision medicine. PCR consumables play a critical role in diagnostic testing, therapeutic monitoring, and research applications by enabling accurate amplification of nucleic acids. Additionally, rising incidences of target diseases and genetic disorders, coupled with rapid technological advancements in drug development, are creating lucrative opportunities for market players. Manufacturers are responding by expanding their product portfolios through new product launches, strategic collaborations, and partnerships to enhance global market reach.
Market Introduction
PCR consumables are essential components in the Polymerase Chain Reaction process, facilitating the amplification of specific DNA segments. These products include PCR tubes or microplates, caps/lids, PCR master mixes, primers, DNA polymerase, buffer solutions, mineral oil or sealing films, and cleanup kits. They are integral to ensuring precise and efficient nucleic acid amplification in molecular biology laboratories. Additionally, nucleic acid amplification consumables are employed in various techniques such as RT-PCR and LAMP, supporting a wide range of applications in diagnostics, research, and personalized medicine.
Rise in Prevalence of Chronic and Infectious Diseases Fostering Market Growth
PCR technology is highly sensitive and precise, making it indispensable for the diagnosis of infectious diseases such as COVID-19, HIV, hepatitis, and tuberculosis. With lifestyle-related factors such as sedentary behavior, poor diet, and obesity contributing to chronic diseases, the demand for PCR-based diagnostics has surged. Moreover, the emergence of point-of-care PCR platforms facilitates rapid, decentralized testing, which is critical for early detection and timely treatment. As reported by the World Health Organization, noncommunicable diseases (NCDs) account for approximately 41 million deaths annually-around 74% of all global deaths-with cardiovascular diseases, cancers, chronic respiratory diseases, and diabetes being the most prevalent.
Surge in Demand for Personalized and Precision Medicine Propelling Market Dynamics
The advent of personalized medicine has intensified the reliance on genetic testing to tailor treatments based on individual patient profiles. This trend is driving manufacturers to innovate specialized PCR reagents, low-retention PCR tubes, high-throughput PCR systems, and multiplex PCR assays that cater to specific diagnostic and research needs. PCR-based assays, including quantitative and digital PCR, enable precise detection of genetic mutations and biomarkers, thereby supporting advanced biomedical research and therapeutic strategies. These innovations are not only enhancing the accuracy of disease diagnosis but also playing a pivotal role in the development of targeted therapies and vaccines.
Regional Outlook
North America dominated the global PCR consumables market in 2022, driven by a high prevalence of genetic and chronic diseases, well-established healthcare infrastructure, and a strong demand for precision medicine. For instance, data from the American Cancer Society highlights that approximately 1.9 million new cancer cases were diagnosed in the U.S. in 2022, emphasizing the critical role of PCR-based diagnostics in managing and treating chronic conditions. The region's robust research and clinical infrastructure continues to fuel market growth.
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Analysis of Key Players
Leading market participants are actively expanding their presence through technological innovations and strategic partnerships. Key players include:
Bio-Rad Laboratories, Inc.
Hoffmann-La Roche Ltd.
Thermo Fisher Scientific Inc.
QIAGEN
Merck KGaA
Agilent Technologies, Inc.
Eppendorf SE
4titude Ltd.
Corning Incorporated
Greiner Bio-One International GmbH
These companies have been profiled based on parameters such as company overview, business segments, product portfolio, recent developments, and financial performance, highlighting their efforts to meet evolving global consumer demands.
Key Developments
January 2024: Agilent Technologies, Inc. announced a collaboration with Incyte to develop advanced companion diagnostics in hematology and oncology, supporting the expansion of Incyte's portfolio in these areas.
November 2022: Cepheid launched the Xpert Xpress MVP, a multiplexed PCR test capable of detecting DNA from organisms associated with bacterial vaginosis, vulvovaginal candidiasis, and trichomoniasis from a single sample, enhancing diagnostic accuracy and treatment strategies.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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