Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Achieve During 2025–2034, and What Does It Indicate?
In recent times, there has been robust growth in the market size of polymerase chain reactions (PCR) devices, reagents and uses. This market is projected to expand from $6.19 billion in 2024 to hit $6.51 billion in 2025, commanding a compound annual growth rate (CAGR) of 5.0%. The notable growth in the historic period can be linked to an upsurge in infectious diseases, amplified demand for clinical diagnostic services, surging demand for personalized medicine, as well as increased adoption of PCR in research and development.
The market size for polymerase chain reactions (PCR) devices, reagents and their applications is projected to experience significant growth in the upcoming years, expanding to $9.01 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. This growth during the forecasted period can be credited to factors such as monitoring of COVID-19 and other infectious diseases, cancer diagnostics and liquid biopsies, agricultural and environmental use cases, the growth of pharmacogenomics, and advancements in genomic research. The forecasted period is also expected to witness major trends including digital PCR, multiplex PCR, integration of next-generation sequencing (NGS), miniaturized and portable devices, artificial intelligence (AI) and data analytics, along with automation and robotics.
What Are the Primary Drivers Supporting the Growth of the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market?
The escalating incidence of infectious diseases worldwide fuels the market for polymerase chain reaction devices, reagents, and their applications. Clinical laboratories employ polymerase chain reaction instruments for the identification of infectious diseases. The World Health Organization, in a recent study, revealed that infectious diseases kill nearly 17 million people annually. Moreover, the research highlighted that 30 new infectious diseases have surfaced in the past two decades. For example, the UK Health Security Agency, a UK government organization, reported in August 2024 a significant increase in measles cases in England. With 368 cases in 2023 as compared to 53 cases in 2022, the rise was almost sevenfold. Such escalating occurrences are amplifying the need for clinical diagnostic services, and as a consequence, propelling the market for polymerase chain reaction devices, reagents, and their applications.
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Who Are the Key Firms Paving the Way for Growth in the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market?
Major companies operating in the polymerase chain reactions (PCR) devices, reagents and uses market include Bio-Rad Laboratories Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Becton Dickinson and Company, Abbott Laboratories, bioMérieux S.A., Agilent Technologies Inc., QIAGEN N.V., Siemens Healthcare GmbH (Siemens AG), Fluidigm Corporation, SYGNIS Pharma AG, Takara Bio Inc., Cepheid, Lontech Laboratories, Eppendorf India Private Limited, GE Healthcare, Kapa Biosystems, Maxim Biomedical Inc., Promega Corporation, RainDance Technologies Inc., Affymetrix Inc., Beckman Coulter Inc., Enzo Life Sciences Inc., Roche Diagnostics GmbH, Merck KGaA, Danaher Corporation, Stilla Technologies, Meridian Bioscience Inc., BioFire Diagnostics LLC, Luminex Corporation, GenMark Diagnostics Inc.
How Are Market Trends Revolutionizing the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Industry in Recent Times?
The development of competing technologies significantly hampers the expansion of the polymerase chain reaction (PCR) devices and reagents market. DNA sequencing alternatives like Next Generation Sequencing and Sanger Sequencing are challenging PCR techniques by offering similar or superior outcomes, escalating market competition and slowing down the growth of PCR devices and reagents. For example, a research study scrutinized 138 FFPE non-small lung cancer samples using assays derived from Sanger, Next Generation Sequencing, and PCR methods. It was observed that NGS and QPCR assays illustrated similar sensitivity, simplicity, and high concordance. Importantly, NGS assays were superior to qPCR in terms of presenting more precise allele sequence data, mutation frequency, and detection of non-hotspot mutations. The rising prominence of these alternative methods is projected to hinder market growth during the forecast period.
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What Are the Major Segments of the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market and Their Role in Driving Growth?
The polymerase chain reactions (PCR) devices, reagents and uses market covered in this report is segmented –
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
Subsegments:
1) By Instruments: Thermal Cyclers, Real-Time PCR Systems, Digital PCR Systems
2) By Reagents: Master Mixes, Primers And Probes, Enzymes, Nucleotides
3) By Consumables: PCR Tubes, PCR Plates, Seals And Films, Pipette Tips
Which Regions Are Essential for the Growth of the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market?
The countries covered in the polymerase chain reactions (PCR) devices, reagents and uses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
How Is the Definition of the Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Market Impacting Future Growth?
Polymerase Chain Reaction (PCR) devices and reagents are designed to aid scientists in producing multiple copies of specific DNA segments. In PCR, a section of the genome to be amplified is chosen using short synthetic DNA fragments called primers, and the segment is subsequently amplified through numerous rounds of DNA synthesis.
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