Rising prevalence of target genetic disorders and increasing technological innovations in PCR tools to drive the growth of global real time PCR market
According to TechSci Research report, “Global Real time PCR Market[DK1] By Product (Instruments, Reagents & Consumables, Software & Services), By Application (Clinical (Pathogen Testing, Blood Screening, Oncology Testing), Research, Forensic, Others), By End-user (Hospitals & Diagnostic Labs, Research Laboratories & Academic Institutes, Pharma-Biotech, Clinical Research Organizations (CRO), Forensic Laboratories, Others), By Region, Forecast & Opportunities, 2025”, the global real time PCR market is expected to witness healthy growth rate during the forecast period. Growing prevalence of infectious diseases like HIV/AIDS and malaria coupled with increasing cases of genetic disorders are some of the factors propelling the growth of real time PCR market around the globe. Furthermore, technological advancements in PCR technology is also driving the growth of this market. Additionally, governments and various international organizations are also investing in PCR technologies and allocating funds and grants for research and development activities. This is also providing major boost to the global real time PCR market.Additionally, use of biomarker profiling for disease diagnostics has increased over the past few years. This has led to the rise in demand for real time PCR. Also, growing demand for Rapid Diagnostics Tests (RDT) is driving the growth of real time PCR market across the globe. Moreover, demand for RDT is increasing as it provides rapid results with the help of limited healthcare infrastructure. Hence, it is also contributing to the demand for real time PCRs, which are extensively used to conduct RDT diagnostic procedures across major healthcare establishments. However, high instrument cost of real time PCRs might hamper the growth of this market. Also, technical limitations of PCRs restrict their extensive use, thereby impacting the overall growth of real time PCR market.
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The global real time PCR market is segmented based on product, application, end-user and region. Based on product, the market is segmented into instruments, reagents & consumables and software & services. The reagents and consumables segment holds largest market share in global real time PCR market owing to its technological benefits over traditional PCRs. Also, increasing number of probe-based multiplex genetic analysis procedures are leading to high demand for real time PCR reagents and consumables. Based on application, the global real time PCR market is segmented into clinical, research, forensic and others. The clinical segment is further divided into pathogen testing, blood screening and oncology testing. The clinical segment dominates the global real time PCR market and is expected to witness significant growth during the forecast years due to rising prevalence of diseases like cancer and genetic disorders. Additionally, clinical real time PCRs are extensively used for disease diagnosis and help in providing effective treatment.
Major players operating in the global real time PCR market include Bio-Rad Laboratories Inc., Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., QIAGEN N.V., Abbott Laboratories., Takara Bio, Inc., Agilent Technologies, Inc., BioMerieux SA., Danaher Corporation, Merck KGaA., GE Healthcare, Fluidigm Corporation,Becton Dickinson and Company, Promega Corporation, Meridian Bioscience, Inc., Analytik Jena AG, Cepheid and others. The companies are adopting various growth strategies like research & development activities and merger & acquisitions to hold significant market share in global real time PCR market. For instance, in 2017, Bio-Rad, one of the leading companies in the field of real time PCRs, acquired RainDance Technologies to utilise RainDance’s droplet micro fluid technology for new product developments.
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“Increased used of biomarkers for diagnosis of diseases like cancer, etc., is acting as a potential driver for real time PCR market. Moreover, with increased funds and grants by governments and various health organizations, the global real time PCR market is expected to witness an exponential growth until 2025. Research and development are key factors for the growth of any market and therefore, leading companies are indulging extensively in such activities to bring new and advanced technologies in the global market. Moreover, medical practitioners are also opting for real time PCRs instead of traditional PCRs due to the added advantage they offer over other PCR types,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Real time PCR Market By Product (Instruments, Reagents & Consumables, Software & Services), By Application (Clinical (Pathogen Testing, Blood Screening, Oncology Testing), Research, Forensic, Others), By End-user (Hospitals & Diagnostic Labs, Research Laboratories & Academic Institutes, Pharma-Biotech, Clinical Research Organizations (CRO), Forensic Laboratories, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global real time PCR market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global real time PCR market.
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