PCR And Realtime PCR Testing Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the pcr and realtime pcr testing market grown over the years?
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.
What Is the forecasted market size and growth rate for the pcr and realtime pcr testing market?
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.
Get your pcr and realtime pcr testing market report here!
https://www.thebusinessresearchcompany.com/sample.aspx?id=2841&type=smp
What are the major factors driving growth in 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.
What key areas define the segmentation of the global pcr and realtime pcr testing Market?
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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2841&type=smp
What are the top market players propelling the growth of the pcr and realtime pcr testing industry?
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 are the key trends shaping the future of 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.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2841
What regions are dominating the pcr and realtime pcr testing market growth?
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
Browse Through More Similar Reports By The Business Research Company:
Pharma Microbiology Testing Kits Global Market Report 2024
Veterinary Diagnostic Equipment Global Market Report 2024
Rapid Microbiology Testing Kits Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
