2025-2034 Growth Prospects of the PCR And Realtime PCR Testing Market: Key Trends and Opportunities Analyzed
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How Significant is the Anticipated Growth Rate of the PCR And Realtime PCR Testing Market from 2025 to 2034?
The market size for PCR and realtime PCR testing has seen a significant increase in recent times. The market is projected to rise from a worth of $10.55 billion in 2024 to $11.21 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.3%. Factors like disease diagnosis, genomic research and studies, automation and high throughput, applications in pharmaceutical and biotechnology, and point-of-care testing have contributed to the historical period growth.
There is projected to be a significant increase in the PCR and real-time PCR testing market in the upcoming years, expanding to $15.39 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%. Several factors fueling the growth during this forecast period include the response to the pandemic, precision medicine, cancer diagnostics, and infectious disease monitoring. During the forecast period, major trends are expected to include infectious disease testing, point-of-care testing, digital PCR, and multiplex assays.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the PCR And Realtime PCR Testing Market?
The crucial importance of early diagnosis for managing COVID-19 patients is unquestionable. In comparison to other laboratory tests that average between 6 to 8 hours, the real-time RT-PCR technique stands out due to its accuracy and speed, providing dependable results in merely three hours. As this method operates in a closed tube, the potential for contamination or errors is significantly reduced, making it considerably safer. Presently, real-time RT-PCR is deemed to be the most precise method for detecting the coronavirus, thereby leading to a higher demand and subsequent growth in the market for PCR testing kits.
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Who Are the Dominant Players Pushing the Boundaries of the PCR And Realtime PCR Testing Market?
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.
What New and Evolving Trends Are Having a Lasting Impact on the PCR And Realtime PCR Testing Market?
Enterprises within the PCR and real-time PCR Testing market are innovating to produce novel test kits and systems for disease diagnosis. BioGenex Life Sciences Pvt Ltd, for instance, launched an RT-PCR kit in January 2022 specifically designed for COVID-19 detection. This kit can detect a variety of SARS CoV-2 strains, including OmicronON, without requiring RNA extraction and delivers results at twice the speed of traditional PCR tests. The majority of firms are churning out Real-time RT-PCR tests for the coronavirus, propelling the growth of the PCR and Real-time PCR Testing market.
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Which Key Segments of the PCR And Realtime PCR Testing Market Are Poised for Growth and Innovation?
The PCR and realtime PCR testing market covered in this report is segmented –
1) By Product: Consumables And Reagents, Instruments, Software And Services
2) By Technology: Quantitative PCR, Digital PCR
3) By Application: Clinical Diagnostics, Life Science Research, Industrial Applications, Other Applications
4) By End-Use: Academic And Research Institutes, Pharmaceutical And Biotechnology, Clinical Diagnostics Labs And Hospitals, Other End Users
Subsegments:
1) By Consumables And Reagents: PCR Reagents, PCR Kits, PCR Primers And Probes, DNA And RNA Extraction Kits
2) By Instruments: PCR Machines/Amplifiers, Real-Time PCR Systems, Thermal Cyclers, Automated PCR Systems
3) By Software And Services: Data Analysis Software, PCR Software, Maintenance And Support Services, Training Services
Which Geographic Areas Are Influencing the Growth of the PCR And Realtime PCR Testing Market?
Asia-Pacific was the largest region in the PCR and real-time PCR testing market in 2023. Western Europe was the second-largest region in the PCR and real-time PCR testing market. The regions covered in the pcr and realtime pcr testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the PCR And Realtime PCR Testing Market Classified and Defined in Market Analysis?
Polymerase chain reaction (PCR) and Real-time Polymerase chain reaction (PCR) tests are used to detect and measure the DNA (or RNA) in a sample. These tests are conducted in automated thermal cyclers less sensitive to cross-contamination. It finds applications in cloning, genotyping, mutation testing, paternity testing, sequencing, and microarrays.
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