Polymerase Chain Reaction (PCR) Technologies- Increasing investments in gene therapy and government support in R&D are the factors fueling the market growth
According to a new market report published by Stratistics MRC the Global Polymerase Chain Reaction (PCR) Technologies market is accounted for $6.95 billion in 2015 and is expected to reach $12.56 billion by 2022 growing at a CAGR of 8.8% during the forecast period. Increasing investments in gene therapy and government support in R&D are some of the factors fueling the market growth. However, improvements in human genomics using PCR based nucleic acid testing is making people to focus on personalized medicine therapy and diagnosis.
Global Polymerase Chain Reaction (PCR) Technologies Market is segmented By Product into Reagents and Consumables, and Instruments. The reagents and consumables segment led the global PCR market with a more then 5o% of market share because any PCR reaction is mediated only in the presence of reagents. It’s used in all types of Polymerase Chain Reaction (PCR) including standard PCR, qPCR, and dPCR.
Global Polymerase Chain Reaction (PCR) Technologies Market is segmented By Application into Life Sciences, Industrial Application, Clinical Diagnostics and Others Applications. Clinical Diagnostics segment commanded the largest market revenue in 2015. However Industry Applications segment is expected to grow at the highest CAGR during the forecast period as it has become a standard tool for Industry Applications covering wide range of industries like agricultural, environmental, applied testing, animal husbandry and biomedical research. Crime investigators are using PCR for Identify potential suspects using DNA’s.
Browse the full report at Global Polymerase Chain Reaction (PCR) Technologies Market outlook
Global Polymerase Chain Reaction (PCR) Technologies Market is segmented By Technology into Digital PCR, Hot start PCR, Real time PCR, Multiplex PCR, Standard PCR, Assembly PCR, Reverse Transcriptase PCR, Anchored PCR, Universal PCR, Ligation mediated PCR, Nested PCR, Asymmetric PCR, Touchdown PCR, Immune PCR, Methylation PCR, Miniprimer PCR, RACE PCR, Solid Phase PCR, In-situ PCR, Inverse PCR, Allele specific PCR, Overlap extension PCR, ISSR PCR, Nanoparticle assisted PCR and Long PCR. Real Time PCR/QPCR segment commanded the largest market revenue in 2015. Digital PCR segment is expected to grow at the highest CAGR during the forecast period owing to its accuracy and high sensitive results compared to conventional real time PCR for nucleic acid detection and quantification. It also used genetic analysis in cancer and acts as a molecular diagnostic tool for cancer detection. It used for prenatal genetic testing, pathogen detection and food testing.
Global Polymerase Chain Reaction (PCR) Technologies Market is segmented By End User into Academic and Research Organizations, Pharmaceutical and Biotechnology Industries, Clinical Diagnostics Labs and Hospitals and Other End Users. Pharmaceutical and Biotechnology Industries segment accounted for largest markets share in 2015 owing to its usage in drug discovery, drug research and development, pharmacokinetics, toxicology, and clinical studies. However Clinical Diagnostics Labs and Hospitals is expected to grow at the highest CAGR during forecast period. The increasing number of life threatening chronic and infectious diseases with a need of early diagnosis is the main factor boosting the PCR usage Clinical Diagnostics Labs and Hospitals.
This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific and Rest of the World. North America commanded the largest market revenue in 2015. Most of the top global PCR market players are headquartered in U.S. and this tends to be the major benefit for this region. Rising demand for innovative technologies for early and accurate diagnosis of infectious and chronic diseases, expiry of key players PCR patents, increasing demand for genetic and molecular testing, advent of digital PCR, rising investments in companion diagnostics are some of the factors driving the PCR market in these regions. However Asia Pacific is expected to grow at the highest CAGR during the forecast period.
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