2024 Polymerase Chain Reaction (PCR) Technologies Market Outlook: Size, Share, and Key Growth Drivers
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What is the Expected Growth Rate of the Polymerase Chain Reaction (PCR) Technologies Market from 2024 to 2033?
The PCR technologies market has expanded significantly. It is projected to grow from $13.03 billion in 2023 to $14.58 billion in 2024, with a CAGR of 11.9%. This growth is driven by increased genome-based drug development activities, rising prevalence of genetic disorders and target diseases, greater use of portable instruments, biomarker profiling, and demand for personalized medicine.
The PCR technologies market is expected to see rapid growth, reaching $23.02 billion by 2028 with a CAGR of 12.1%. This growth is driven by rising demand for accurate disease diagnosis, forensic applications, real-time PCR adoption, on-site testing needs, infectious disease outbreaks, and companion diagnostics demand. Key trends include NGS integration, RNA detection, single-cell PCR analysis, bioinformatics tools, microfluidic technologies, lab-on-a-chip systems, and AI in data analytics.
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What Key Factors Are Fueling the Growth of the Polymerase Chain Reaction (PCR) Technologies Market?
An increase in infectious diseases is anticipated to boost the PCR technologies market. Infectious diseases are caused by pathogenic microorganisms that can spread between individuals. The rise in these diseases is attributed to globalization, urbanization, antimicrobial resistance, and environmental changes. PCR technologies enhance the identification and diagnosis of infectious diseases by detecting and amplifying the genetic material of pathogens with high sensitivity. According to the World Health Organization, 10.6 million cases of tuberculosis were predicted globally in 2022. Hence, the rising prevalence of infectious diseases drives the PCR technologies market.
What Are the Major Segments of the Polymerase Chain Reaction (PCR) Technologies Market?
1) By Product: Reagents And Consumables; Instruments; Software; Services
2) By Technology: Real-Time Polymerase Chain Reaction; Conventional Polymerase Chain Reaction; Reverse Transcription Polymerase Chain Reaction; Digital Polymerase Chain Reaction; Multiplex Real-Time (RT) Polymerase Chain Reaction; Hot Start Polymerase Chain Reaction; Other Technologies
3) By Application: Gene Expression Analysis; Genetic Sequencing; Genotyping; Nucleic Acid Synthesis; Standard Validation; Point Of Care Diagnostics; Environmental Application; Other Applications
4) By End Users: Hospitals And Diagnostic Centers; Research Laboratories And Academic Institutes; Pharmaceutical And Biotechnology Companies; Other End Users
What New Trends Are Transforming the Polymerase Chain Reaction (PCR) Technologies Market?
Players in the PCR technologies market are innovating with next-gen quantitative PCR technologies for enhanced diagnostics. In November 2023, F. Hoffmann-La Roche AG from Switzerland launched the LightCycler PRO System, aimed at advancing molecular diagnostics and public health.
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Which Regions Are Driving Growth in the Polymerase Chain Reaction (PCR) Technologies Market?
North America was the largest region in the PCR technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polymerase chain reaction (PCR) technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Polymerase Chain Reaction (PCR) Technologies Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the polymerase chain reaction (pcr) technologies market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Polymerase Chain Reaction (PCR) Technologies Market Include
1. Polymerase Chain Reaction (PCR) Technologies Market Executive Summary
2. Polymerase Chain Reaction (PCR) Technologies Market Segments
3. Polymerase Chain Reaction (PCR) Technologies Market Size And Template Market Growth Rate
4. Key Polymerase Chain Reaction (PCR) Technologies Market Trends
5. Major Polymerase Chain Reaction (PCR) Technologies Market Drivers
……
25. Key Mergers And Acquisitions In The Polymerase Chain Reaction (PCR) Technologies Market
26. Top Polymerase Chain Reaction (PCR) Technologies Companies
27. Polymerase Chain Reaction (PCR) Technologies Market Opportunities And Strategies
28. Polymerase Chain Reaction (PCR) Technologies Market, Conclusions And Recommendations
29. Appendix
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