Digital PCR Market to be dominated by Digital PCR type through 2028
Increasing prevalence of chronic diseases is expected to
drive Global Digital PCR Market in the forecast period, 2024-2028.
According to TechSci Research report, “Digital PCR Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F”,
the global digital PCR market is
anticipated to grow at an impressive rate in the forecast period 2024-2028. This
can be ascribed to the increasing demand for diagnostics centers for infectious
diseases, genetic diseases and increasing large population of people suffering from
acute and chronic diseases. Similarly, increasing population across the globe, adoption
of newly developed technologies, and developing awareness among patient and
healthcare providers about new technology, are expected to create lucrative
opportunities for the growth of global digital PCR market during the forecast
period.
However, several
technical limitations such as inability to assess DNA quality, use of
carcinogenic chemicals, and the failure to detect target molecules due to low
quality of the nucleotide template is the main factor which will hamper the
global digital PCR market in the forecast period. Additionally, high cost of
digital PCR device and the lack of awareness in emerging countries are expected
to hamper the overall market growth.
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Global digital PCR market is segmented into by type, by component,
by application, by end user and by region.
Based on Type, the global digital PCR market
can be segmented into Droplet Digital PCR, Chip Based Digital PCR, and others. The Droplet Digital PCR is expected to
dominate the market for the forecast period because of technological
advancements with different new product launches by major players. However, the
rising demand for chip based digital PCR in healthcare sector, is expected to
propel the market growth.
Based on Region, the global digital PCR market
can be further divided into North America, Asia Pacific, Europe, Middle East
& Africa. North America region is predicted to dominate the market in 2022
and maintain its dominance throughout the forecast period. Moreover, increasing
well developed healthcare industry, rising number of patients using
personalized medicine and increasing prevalence of diseases like cancer, etc. will
boost the market growth during the forecast period.
Major companies operating in global digital PCR market are:
- Bio-Rad Laboratories, Inc.
- Fluidigm Corporation
- F. Hoffmann-La Roche AG
- Merck KGaA
- QIAGEN N.V.
- Thermo Fisher Scientific Inc.
- Genetron Holdings Limited
- Naveris, Inc.
- SAGA Diagnostics
- Precigenome LLC
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“Asia Pacific is
expected to register the highest growth in the global digital PCR market on
account of increasing prevalence and diagnosis rates of infectious disease in
the countries like China and India. Similarly, growing awareness among patient
population towards new diagnostics options and availability of advanced digital
PCR device in the region, is further expected to support the market growth. Additionally,
increasing incidence of different type of cancer and rising metabolic disease
treatments are expected to propel the market growth till 2028” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Digital
PCR Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028F Segmented By Type (Droplet
Digital PCR, Chip Based Digital PCR, Others), By Component (Systems, Kits and Assays, Reagents and Consumables), By Application (Oncology,
Infectious Diseases, Rare Diseases, Reproductive Genetics, Others), By End User (Academic and
Research Institutions, Biotechnology & Pharmaceutical Companies, Hospitals
and Clinics, Others), By Region and Competition”, has evaluated the future growth potential of global digital
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 digital PCR market.
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