Product Code: GVR-4-68039-188-0
Polymerase Chain Reaction Market Growth & Trends:
The global polymerase chain reaction market size is expected to reach USD 18.44 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% from 2022 to 2030. The demand for polymerase chain reaction (PCR) testing is expected to be driven by the increasing demand for advanced diagnostic techniques; rising forensic and research applications; and the growing prevalence of diseases such as chronic diseases, infectious diseases, and genetic disorders. Moreover, increasing demand for genetic testing procedures and the introduction of novel technologies are other key factors likely to increase the demand for PCR testing.
The market is expected to witness growth opportunities owing to factors such as the increasing adoption of advanced diagnostic tests and the growing adoption of PCR technologies in medical and non-medical applications. Moreover, the launch of novel technologies, an increasing number of CROs, and research and forensic laboratories are expected to propel the demand forward during the forecast period. Several research institutes and CROs are involved in genomics-based research to develop innovative strategies for disease management.
The introduction of novel and technologically advanced tests is opening new growth opportunities. For instance, in January 2021, GeneIQ announced the launch of its 4-in-1 PCR test for the detection of influenza B (Flu B), influenza A (Flu A), respiratory syncytial virus (RSV), and SARS-CoV-2. Similarly, in December 2020, Menarini Diagnostics launched a molecular test that is used to distinguish between Flu and SARS-CoV-2. Such initiatives will increase the demand for novel PCR tests.
Favorable initiatives undertaken by government bodies are encouraging the players to develop novel molecular tests for different applications. For instance, in January 2020, the University of Helsinki in collaboration with the European Union under the EU/EFPIA Innovative Medicines Initiative Joint Undertaking, funded research for the assessment of qPCR for microbiota profiling. In the study, the iCycler iQ thermal cycler system was used with HOT FIREPol EvaGreen qPCR Mix Plus for studying Clostridium cluster XIVa. Moreover, in March 2020, International Atomic Energy Agency (IAEA) announced a partnership with the Food and Agriculture Organization of the United Nations (FAO) for supporting the use of reverse transcription-PCR.
Several companies are adopting strategies such as acquisitions for strengthening their positions. Acquisition assists companies to enhance their offerings, capabilities, and competencies. For instance, in January 2021, Thermo Fisher Scientific, Inc. announced that it has acquired Mesa Biotech, Inc. - a molecular diagnostic company for USD 450 million to strengthen its product portfolio. Thus, various strategies adopted by companies are anticipated to propel the demand forward over the forecast period.
Polymerase Chain Reaction Market Report Highlights:
- In 2021, the medical application segment dominated the market owing to the rising application of PCR in clinical diagnostics and drug development and research
- The consumables and reagents product segment held the largest revenue share in 2021 and is expected to retain its dominance over the forecast period
- North America dominated the market in 2021 due to the presence of favorable regulations and various initiatives about the advancements in healthcare infrastructure undertaken by the government and the high prevalence of diseases in the region
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation
- 1.1.1 Segment Scope
- 1.1.2 Regional Scope
- 1.1.3 Estimates And Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis
- 1.6.1.1 Approach 1: Commodity flow approach
- 1.6.1.2 Approach 2: Country-wise market estimation using bottom-up approach
- 1.6.1.3 Approach 3: Country-wise market estimation using top-down approach
- 1.7 Global Market: CAGR Calculation
- 1.8 Research Assumptions
- 1.9 Key KoL Responses
- 1.10 Market Share Calculations
- 1.11 List of Secondary Sources
- 1.12 Objectives
- 1.12.1 Objective 1:
- 1.12.2 Objective 2:
- 1.13 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 PCR Market - Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Lineage Outlook
- 3.1.2 Related/Ancillary Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Market Dynamics
- 3.3.1 Market Drivers
- 3.3.1.1 Rising incidence of chronic diseases, infectious diseases, and genetic disorders
- 3.3.1.2 Technological advancements in PCR
- 3.3.1.3 Implementation of MIQE guidelines
- 3.3.1.4 Increasing demand for rapid diagnostic tests and growing adoption of PCR technologies
- 3.3.1.5 Increasing number of CROs and forensic & research laboratories
- 3.3.1.6 Increasing demand for prenatal genetic testing procedures
- 3.3.1.7 Outbreak of COVID-19
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 High qPCR device costs
- 3.3.2.2 Stringent regulatory policies
- 3.4 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
- 3.5 Industry Analysis - Porter's
- 3.6 Reimbursement & Regulatory Scenario
- 3.7 Major Deals & Strategic Alliances
- 3.7.1 New Product Launch
- 3.7.2 Acquisition
- 3.7.3 Expansion
- 3.7.4 Partnerships
- 3.7.5 Marketing & Promotions
- 3.7.5.1 Market entry strategies
- 3.7.6 Unmet Need Analysis
- 3.7.6.1 Need for rapid diagnosis
- 3.7.6.2 Affordability
- 3.7.6.3 Limited scope of pathogen detection
- 3.7.7 Change In Market Dynamics After The Launch Of Novel PCR Devices
- 3.7.7.1 Medical
- 3.7.7.2 Non-Medical
- 3.7.8 Comparison Of Existing PCR With Plasmonic PCR
- 3.7.8.1 Potential for COVID-19
- 3.7.9 Consumer Behavior Analysis
Chapter 4 PCR Market Analysis: Type Scope, 2018 - 2030 (Revenue, USD Million)
- 4.1 PCR Market: Type Movement Analysis
- 4.2 Conventional PCR
- 4.2.1 Conventional PCR Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 4.3 Others
- 4.3.1 Others Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 5 PCR Market Analysis: Product Scope, 2018 - 2030 (Revenue, USD Million)
- 5.1 PCR Market: Product Movement Analysis
- 5.2 Consumables & Reagents
- 5.2.1 Consumables & Reagents Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.3 Instruments
- 5.3.1 Instruments Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.4 Software & Services
- 5.4.1 Software & Services Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 6 PCR Market Analysis: Application Scope, 2018 - 2030 (Revenue, USD Million)
- 6.1 PCR Market: Application Movement Analysis
- 6.2 Medical
- 6.2.1 Medical Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.2 Clinical
- 6.2.3 Clinical Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.3.1 Pathogen Testing
- 6.2.3.1.1 Pathogen Testing Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.3.2 Oncology Testing
- 6.2.3.2.1 Oncology Testing Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.3.3 Blood Screening
- 6.2.3.3.1 Blood Screening Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.3.4 Others
- 6.2.3.4.1 Others Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.4 Research
- 6.2.4.1 Research Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.2.5 Forensics And Others
- 6.2.5.1 Forensics and other market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3 Non-medical
- 6.3.1 Non-Medical Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3.2 Food
- 6.3.2.1 Food Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3.3 Others
- 6.3.3.1 Others Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 7 PCR Market Analysis, Regional Scope, 2018 - 2030, (Revenue, USD Million)
- 7.1 Market Share Analysis by Country, 2021 & 2030
- 7.1.1 North America
- 7.1.1.1 North America market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.1.2 U.S.
- 7.1.1.2.1 U.S. market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.1.3 Canada
- 7.1.1.3.1 Canada market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.2 Europe
- 7.1.2.1 Europe market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.2.2 U.K.
- 7.1.2.2.1 U.K. market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.2.3 Germany
- 7.1.2.3.1 Germany market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.2.4 France
- 7.1.2.4.1 France market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.2.5 Italy
- 7.1.2.5.1 Italy market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.2.6 Spain
- 7.1.2.6.1 Spain market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.3 Asia Pacific
- 7.1.3.1 Asia Pacific market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.3.2 Japan
- 7.1.3.2.1 Japan market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.3.3 China
- 7.1.3.3.1 China market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.3.4 India
- 7.1.3.4.1 India market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.3.5 South Korea
- 7.1.3.5.1 South Korea market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.3.6 Australia
- 7.1.3.6.1 Australia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.4 Latin America
- 7.1.4.1 Latin America market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.4.2 Brazil
- 7.1.4.2.1 Brazil market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.4.3 Mexico
- 7.1.4.3.1 Mexico market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.4.4 Argentina
- 7.1.4.4.1 Argentina market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.5 Middle East And Africa
- 7.1.5.1 Middle East & Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.5.2 South Africa
- 7.1.5.2.1 South Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.5.3 Saudi Arabia
- 7.1.5.3.1 Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.1.5.4 UAE
- 7.1.5.4.1 UAE market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8 PCR Market: Competitive Analysis
- 8.1 Recent Developments and Impact Analysis, by Key Market Participants
- 8.2 Company Categorization
- 8.2.1 Innovators
- 8.2.1.1 Market Differentiators
- 8.3 Vendor Landscape
- 8.3.1 List Of Key Distributors And Channel Partners
- 8.3.2 Key Customers
- 8.3.3 Key Company Market Share Analysis, 2021
- 8.4 Public Companies
- 8.4.1 Competitive Dashboard Analysis
- 8.5 Private Companies
- 8.5.1 List Of Key Emerging Companies
- 8.6 Regional Network Map
- 8.7 Key Regional/Local Competitors for PCR Consumables/Enzymes in Japan, Australia, Korea, India, Singapore, and Europe
- 8.8 Company Profiles
- 8.8.1 ABBOTT
- 8.8.1.1 Company overview
- 8.8.1.2 Financial performance
- 8.8.1.3 Product benchmarking
- 8.8.1.4 Strategic initiatives
- 8.8.2 QIAGEN
- 8.8.2.1 Company overview
- 8.8.2.2 Financial performance
- 8.8.2.3 Product benchmarking
- 8.8.2.4 Strategic initiatives
- 8.8.3 BIO-RAD LABORATORIES, INC.
- 8.8.3.1 Company overview
- 8.8.3.2 Financial performance
- 8.8.3.3 Product benchmarking
- 8.8.3.4 Strategic initiatives
- 8.8.4 AGILENT TECHNOLOGIES, INC.
- 8.8.4.1 Company overview
- 8.8.4.2 Financial performance
- 8.8.4.3 Product benchmarking
- 8.8.4.4 Strategic initiatives
- 8.8.5 THERMO FISHER SCIENTIFIC, INC.
- 8.8.5.1 Company overview
- 8.8.5.2 Affymetrix
- 8.8.5.3 Company overview
- 8.8.5.4 Financial performance
- 8.8.5.5 Product benchmarking
- 8.8.5.6 Strategic initiatives
- 8.8.6 CYTIVA (GE HEALTHCARE)
- 8.8.6.1 Company overview
- 8.8.6.2 Financial performance
- 8.8.6.3 Product benchmarking
- 8.8.6.4 Strategic initiatives
- 8.8.7 BIOMERIEUX SA
- 8.8.7.1 Company overview
- 8.8.7.2 Financial performance
- 8.8.7.3 Product benchmarking
- 8.8.7.4 Strategic initiatives
- 8.8.8 F. HOFFMANN-LA ROCHE LTD.
- 8.8.8.1 Company overview
- 8.8.8.2 Financial performance
- 8.8.8.3 Product benchmarking
- 8.8.8.4 Strategic initiatives
- 8.8.9 FLUIDIGM CORPORATION
- 8.8.9.1 Company overview
- 8.8.9.2 Financial performance
- 8.8.9.3 Product benchmarking
- 8.8.9.4 Strategic initiatives
- 8.8.10 STILLA
- 8.8.10.1 COMPANY OVERVIEW
- 8.8.10.2 Product benchmarking
- 8.8.10.3 Strategic initiatives
- 8.8.11 MICROSYNTH AG
- 8.8.11.1 Company overview
- 8.8.11.2 Product benchmarking
- 8.8.11.3 Strategic initiatives
- 8.8.12 JN MEDSYS
- 8.8.12.1 Company overview
- 8.8.12.2 Product benchmarking
- 8.8.12.3 Strategic initiatives
- 8.8.13 DANAHER CORPORATION
- 8.8.13.1 Company overview
- 8.8.13.2 Cepheid
- 8.8.13.3 Beckman Coulter
- 8.8.13.4 Leica Biosystems
- 8.8.13.5 Financial performance
- 8.8.13.6 Product benchmarking
- 8.8.13.7 Strategic initiatives