How is the Polymerase Chain Reaction (PCR) Technologies Market Poised for Growth: Trends and Opportunities Through 2034
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How has the polymerase chain reaction (pcr) technologies market grown over the years?
The market size for polymerase chain reaction (PCR) technologies has experienced a swift expansion in the past few years. The sector, valued at $14.58 billion in 2024, is anticipated to escalate to $16.36 billion in 2025, marking a compound annual growth rate (CAGR) of 12.2%. Several factors have propelled this historic growth, including the rise in genome-based drug creation activities, an upswing in instances of genetic disorders and target diseases, the augmented employment of miniaturized portable gadgets, the surge in biomarker profiling utilization, and the escalating demand for personalized healthcare.
What Is the forecasted market size and growth rate for the polymerase chain reaction (pcr) technologies market?
The market size for polymerase chain reaction (PCR) technologies is anticipated to witness a significant expansion in the upcoming years. The growth is projected to reach $25.76 billion in 2029, with a compound annual growth rate (CAGR) of 12.0%. Factors contributing to this progression during the forecast period include an increasing demand for quick and precise disease diagnosis, heightened demand in forensics, an escalating adoption of real-time polymerase chain reaction, a surge in the demand for expeditious and onsite diagnostic testing, the rise of infectious disease outbreaks, and the demand for companion diagnostics. Trends predicted to shape the forecast period consist of next-generation sequencing (NGS) integration, RNA scrutiny and analysis, single-cell PCR analysis, tools for bioinformatics software and data analysis, microfluidic technologies, lab-on-a-chip systems, and point-of-care testing (POCT), as well as artificial intelligence (AI) and data analytics.
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What are the major factors driving growth in the polymerase chain reaction (pcr) technologies market?
The expansion of the PCR technologies market is predicted to be fueled by the rising occurrence of infectious diseases. Such diseases are illnesses brought about by pathogenic microorganisms including bacteria, viruses, fungi, or parasites that can be directly or indirectly transmitted from one individual to another. The escalating instances of these infections underscore the burgeoning difficulties presented by pathogens, potentially due to aspects such as urbanization, globalization, antimicrobial resistance, and shifts in the environment. PCR technologies aid in mitigating these diseases’ prevalence by identifying and magnifying specific pathogens’ genetic material, thereby assisting in pinpointing and diagnosing them with high precision and sensitivity. For instance, the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations tasked with managing international public health, projected in November 2023 that in 2022, there will be 10.6 million instances of tuberculosis (TB) globally, which will affect 5.8 million men, 3.5 million women, and 1.3 million children. Hence, the rising occurrence of infectious diseases is propelling the growth of the PCR technologies market.
What key areas define the segmentation of the global polymerase chain reaction (pcr) technologies Market?
The polymerase chain reaction (PCR) technologies market covered in this report is segmented –
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
Subsegments:
1) By Reagents And Consumables: Pcr Master Mixes, Primers And Probes, Dna Or Rna Extraction Kits, Pcr Enzymes, Buffers And Solutions, Pcr Plates, Tubes, And Strips, Nucleotides
2) By Instruments: Pcr Machines (Thermal Cyclers), Real-Time Pcr Systems (Qpcr Systems), Digital Pcr Systems, Automated Pcr Platforms, Gel Electrophoresis Systems, Pcr Workstations
3) By Software: Pcr Data Analysis Software, Real-Time Pcr Software, Digital Pcr Software, Sequence Analysis Software, Multiplex Pcr Software, Laboratory Information Management Systems (Lims) For Pcr
4) By Services: Pcr Testing Services, Custom Pcr Primer Design Services, Pcr Training And Consultation Services, Pcr Sample Analysis Services, Pcr-based Diagnostic Services, Technical Support And Maintenance Services For Pcr Equipment
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What are the top market players propelling the growth of the polymerase chain reaction (pcr) technologies industry?
Major companies operating in the polymerase chain reaction (PCR) technologies market are F. Hoffmann-La Roche Ltd., Bayer Corporation, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton, Dickinson and Company (BD), GE Healthcare Technologies LLC, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc., Sysmex Corporation, Bio-Rad Laboratories Inc., QIAGEN N.V., Natera Inc., BGI Genomics Co. Ltd., Cepheid, NeoGenomics Laboratories Inc., Ambry Genetics Corporation, Veritas Genetics Inc.
What key trends are currently impacting the polymerase chain reaction (pcr) technologies market’s development?
Leading corporations in the PCR technologies market are concentrating on developing cutting-edge technological solutions such as the next-generation quantitative polymerase chain reaction (qPCR) technologies. These are designed to enhance precision, sensitivity, and productivity in molecular diagnostics. The qPCR technology enables quantification of specific DNA sequences in samples, and provides real-time tracking and magnification, making it crucial in scientific and medical fields. For instance, in November 2023, F. Hoffmann-La Roche AG, a biotech firm based in Switzerland, released the LightCycler Pro system, a sophisticated next-gen qPCR system designed to push forward advancements in molecular diagnostics and tackle public health issues. The objective of this system is to be the most advanced qPCR platform for both research and clinical diagnostics, providing improved performance and ease of use. It aims to bridge the divide between translational research and in vitro diagnostics, leveraging gold-standard technology to ensure the quality, precision, and reliability necessary for accurate patient diagnosis and informed clinical decisions.
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What regions are dominating the polymerase chain reaction (pcr) technologies market growth?
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.
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