May 27, 2021
According to the research report titled ‘Global PCR Technologies Market Size study, by Technique (Conventional Pcr, Real-time Pcr, Digital Pcr, Reverse Transcription Pcr, Hot-start Pcr, Multiplex Pcr, Other ), Product Type(Instruments, Reagents And Consumables, Software And Services), Application(Gene Expression Analysis, Genetic Sequencing, Genotyping, Nucleic Acid Detection, Nucleic Acid Synthesis, Standard Validation/verification, Diagnostic Applications, Environmental Applications, Other), End User and Regional Forecasts 2020-2027’, available with Market Study Report, global PCR technologies market was worth USD 6.77 billion in 2019 and is expected to register 6.30% CAGR with a valuation of USD 11.04 billion over 2020-2027.
Establishment of new diagnostic centers across the globe, and soaring cases of infectious diseases are accredited for the growth of global PCR technologies market.
It is to be noted that PCR or polymerase chain reactions is the method that has the capacity to produce innumerable copies of a fragment of DNA (deoxyribonucleic acid) which are used in clinical diagnostic, biotechnology, genetics, drugs discover as well as molecular biology studies. PCR technologies are also leveraged in the forensics department to detect suspects and identify of children, in turn stimulating the market outlook.
Moreover, these technologies also help in diagnosing diseases like COVID-19 and AIDS, hence unchecked of coronavirus leading to surge in cases is propelling the demand for PCR technologies.
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However, factors like delay in the test reports as well as high manufacturing costs will act as growth retardants for global PCR technologies industry during the analysis timeframe.
In terms of technique, the market is classified into digital PCR, got-start PCR, conventional PCR, reverse transcription PCR, real-time PCR, multiplex PCR, and others. Based on product type, worldwide PCR technologies market is divided into reagents & consumables, software & services, and instruments.
While the various applications of PCR technologies are environmental applications, standard validation/verification, nucleic acid detection, genetic sequencing, diagnostic applications, gene expression analysis, nucleic acid synthesis, genotyping, and others.
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By End User terrain, the industry is bifurcated into healthcare industry, pharma-biotech companies, hospitals & diagnostic centers, applied industries, academia & government organizations, and others.