2024-2033 Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Forecast: Predicted Growth Rate and Market Size
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How Rapidly is the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Forecasted to Grow Between 2024 and 2033?
The market for polymerase chain reactions (pcr) devices, reagents and uses has seen substantial growth in recent years. With a predicted growth from $5.9 billion in 2023 to $6.19 billion in 2024, the compound annual growth rate (CAGR) stands at 5.0%. The significant growth during the historic period is mainly due to the escalating occurrence of infectious diseases, a rising demand for clinical diagnostic services, an increased interest in personalized medicine, along with a heightened utilization of PCR in the realm of research and development.
The market for Polymerase Chain Reaction (PCR) devices, reagents, and uses is poised for significant growth in the coming years, expected to reach $8.25 billion by 2028 with a Compound Annual Growth Rate (CAGR) of 7.4%. Several factors are contributing to this projected growth during the forecasted period, including the need for COVID-19 and infectious disease tracking, cancer diagnostic tools and liquid biopsies, agricultural and environmental applications, the expansion of pharmacogenomics, and advancements in genomic research. Key trends expected within this period range from digital PCR and multiplex PCR to the integration of Next-Generation Sequencing (NGS), miniaturization and portability of devices, AI and data analytics, as well as automation and robotics.
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What Factors Are Behind the Rapid Growth of the polymerase chain reactions (pcr) devices, reagents and uses Market?
The global surge in infectious diseases is propelling the market of polymerase chain reactions (PCR) devices and reagents, which are predominantly utilized in clinical laboratories for the detection of such diseases. The World Health Organization issued an announcement reporting that infectious diseases account for approximately 17 million deaths annually. Additionally, their report indicated the rise of 30 new variants of infectious diseases over the past two decades. Data from the National Centre for Health Statistics also suggest that there were about 15.5 million physician visits in the US due to infectious diseases. All these factors are contributing to a rising demand for clinical diagnostic services, leading to a robust growth in the polymerase chain reactions devices and reagents market.
What Are the Principal Segments of the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market?
1) By Product: Instruments, Reagents, Consumables
2) By Instruments: Standard PCR, RT-PCR, Digital PCR
3) By End User: Pharmaceutical and biotechnology industries, Clinical Diagnostics labs and hospitals, Academics and research organization
What Emerging Patterns Are Redefining the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market?
There is an increased interest among companies operating in the polymerase chain reaction devices and reagents market, like BioRad Technologies, Atlas Genetics, and OriGene Technologies STST-Diagnostica, towards Digital PCR due to its superiority over traditional PCR in terms of accuracy. Traditional PCR has certain limitations as it is just an end-point investigation that doesn’t offer full quantification as it identifies the expanded item through agarose gel electrophoresis. Digital PCR, on the other hand, is a modification and improvement on traditional PCR amplification and the fluorescent-probe-based detection method, providing a full analysis of nucleic acids without the necessity for standard curves. Genesis Healthcare Company and Ugen Tec are also amongst the firms investing in this potent digital polymerase chain reaction technology.
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Which Geographical Regions Are Shaping the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Growth?
North America was the largest region in the polymerase chain reactions (PCR) devices and reagents market in 2023. Western Europe was the second-largest region in the global polymerase chain reactions (PCR) devices and reagents market report. The regions covered in the polymerase chain reactions (PCR) devices, reagents and uses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Polymerase Chain Reactions (PCR) Devices, Reagents And Uses 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 reactions (pcr) devices, reagents and uses market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Include
1. Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Executive Summary
2. Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Segments
3. Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Size And Template Market Growth Rate
4. Key Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Trends
5. Major Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Drivers
……
25. Key Mergers And Acquisitions In The Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market
26. Top Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Companies
27. Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Opportunities And Strategies
28. Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market, Conclusions And Recommendations
29. Appendix
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