According to the research report titled ‘Global Real-Time PCR Detection Systems Market Size study, by Type (Instrument, Reagent) by Application (Clinical Nucleic Acid Detection, Molecular diagnosis, Life Science Research) and Regional Forecasts 2020-2027‘, available with Market Study Report, global real-time PCR detection systems market was valued at USD 19.20 billion in 2019 and is expected to witness a CAGR of 5.30% during 2020-2027.
 

Increasing cases of target infectious diseases and genetic disorders is the major factor expected to drive worldwide real-time PCR detection systems industry during the forecast period. According to the World Health Organization, cancer was the prevalent reason for mortality in 2018, causing 9.6 million deaths worldwide, while total HIV cases were 36.9 million in 2017. Further, constant technological developments in PCR technology along with directed investments, funds and grants are likely to influence real-time PCR detection systems industry forecasts.
 

For the unfamiliar, real-time PCR detection systems are equipped with advanced optical technology, 2-5 color multiplexing, precise temperature control with thermal gradients that makes them powerful and flexible. These systems can detect both singleplex and multiplex real-time PCR reactions, hence contributing to global real-time PCR detection systems market outlook.
 

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On the downside, technical restrictions and high instrument cost are expected to restrain the industry growth during the forecast period. Despite that, increasing product applications in veterinary medicine and food microbiology industries is likely to create growth prospects for worldwide real-time PCR detection systems market players.
 

Based on application spectrum, worldwide real-time PCR detection systems market is segmented into life science research, clinical nucleic acid detection, and molecular diagnosis. With regards to system type, the industry is bifurcated into reagent and instrument.
 

Based on regional analysis, global real-time PCR detection systems industry is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America was the major contributor in global real-time PCR detection systems industry share in recent past mainly due to rising incidences of infectious disease along with the presence of leading companies in the region.
 

Meanwhile, Asia Pacific real-time PCR detection systems market is anticipated to witness the highest growth rate over 2020-2027, owing to increasing population, high prevalence of chronic diseases, and rising health awareness among individuals in the region.
 

Major players operating in global real-time PCR detection systems marketplace include Agilent Technologies Inc., QIAGEN GmbH, Hangzhou Bioer Technology Co. Ltd., F. Hoffmann-La Roche AG, Analytik Jena AG, Bio-rad Laboratories Inc., Biosynex Company, Thermo Fisher Scientific Inc., Esco Micro Pte Ltd., and Techne Pvt. Ltd.