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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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Contact:
James Lamb
Corporate Sales Specialist
United States
Direct: +1-301-202-5929
Email: [email protected]