Real time PCR Market to Witness Significant Growth through 2025
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 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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