The polymerase chain reaction (PCR) market size has grown rapidly in recent years. It will grow from $10.33 billion in 2023 to $11.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth observed during the historic period can be attributed to several factors, including the rising number of research facilities, the increasing number of patients with chronic and infectious diseases, the growing prevalence of genetic and chronic disorders, an expanding population, and a growing geriatric population.
The polymerase chain reaction (PCR) market size is expected to see rapid growth in the next few years. It will grow to $17.17 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth in the forecast period can be attributed to rising concerns over food safety, increasing demand for safe and high-quality food products, and the growing demand for molecular diagnostics and personalized medicine, with a focus on digital polymerase chain reaction (dPCR). Key trends expected during this period include advancements in real-time polymerase chain reaction, DNA sequencing technologies, diagnostic testing, next-generation sequencing (NGS), microfluidics, lab-on-a-chip platforms, and the development of advanced molecular diagnostic solutions.
The rising demand for personalized medicine is anticipated to drive the growth of the polymerase chain reaction (PCR) market. Personalized medicine, also known as precision medicine, involves tailoring healthcare decisions, practices, interventions, and treatments to the individual characteristics of each patient. The demand for personalized medicine is increasing due to advancements in data analytics, patient-specific treatment responses, and the ability to customize therapies based on individual genetic profiles. PCR plays a crucial role in personalized medicine by enabling the amplification and analysis of specific genetic sequences, allowing clinicians to create tailored treatment plans. For instance, according to the Personalized Medicine Coalition, a US-based professional membership organization, in 2022, the approval of 12 new personalized medicines accounted for approximately 34% of all newly approved therapies, indicating a significant increase from previous years. Thus, the growing demand for personalized medicine is fueling the growth of the PCR market.
Leading companies in the PCR market are developing real-time polymerase chain reaction (RT-PCR) test kits to improve the accuracy, efficiency, and ease of use in genetic analysis. RT-PCR is a laboratory-developed test that amplifies and quantifies specific DNA sequences in real time. For example, in November 2022, Cepheid, a US-based molecular diagnostics company, launched the Xpert Xpress Multiplex Vaginal Panel (MVP), an FDA-cleared multiplex PCR test that detects DNA from organisms associated with three distinct vaginal infections - bacterial vaginosis (BV), vulvovaginal candidiasis, and trichomoniasis - from a single vaginal swab sample. This test enhances traditional PCR methods by providing real-time monitoring, quantification, and increased sensitivity and specificity, making it a crucial tool in molecular biology and clinical diagnostics.
In February 2021, Thermo Fisher Scientific Inc., a US-based biotechnology and laboratory equipment company, acquired Mesa Biotech for approximately $450 million. This acquisition enhances Thermo Fisher's PCR capabilities, expanding its portfolio with rapid point-of-care testing solutions for infectious diseases, including COVID-19, and strengthening its position in the molecular diagnostics market. Mesa Biotech Inc., a US-based molecular diagnostic company, develops, manufactures, and commercializes molecular diagnostic tests using PCR technology.
Major companies operating in the polymerase chain reaction (PCR) market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers GmbH, Becton, Dickinson and Company, GE HealthCare Technologies Inc, Laboratory Corporation of America Holdings (LabCorp), Quest Diagnostics Incorporated, Eurofins Scientific, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc, Sysmex Corporation, Bio-Rad Laboratories Inc., Qiagen N.V., Natera Inc., Myriad Genetics Inc., BGI Genomics Co. Ltd., Cepheid, NeoGenomics Laboratories Inc., 23andMe Holding Co., Ambry Genetics Corporation, Biocartis SA, Centogene N.V., Veritas Genetics.
North America was the largest region in the polymerase chain reaction (PCR) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polymerase chain reaction (PCR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polymerase chain reaction (PCR) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Polymerase chain reaction (PCR) is a laboratory technique employed to amplify specific segments of DNA. This process involves repeated cycles of heating and cooling to denature, anneal, and extend DNA strands, leading to the exponential amplification of the target sequence.
The main types of PCR are conventional polymerase chain reaction and other variants. Conventional PCR is used to amplify a specific DNA segment through repeated heating and cooling cycles. It is utilized in diagnosing various conditions such as infectious diseases, oncology, and genetic disorders. Its applications span both medical and non-medical fields, including hospitals and clinics, pharmaceutical and biotechnology industries, diagnostic centers, and academic and research organizations.
The polymerase chain reaction (PCR) market research report is one of a series of new reports that provides polymerase chain reaction (PCR) market statistics, including polymerase chain reaction (PCR) industry global market size, regional shares, competitors with a polymerase chain reaction (PCR) market share, detailed polymerase chain reaction (PCR) market segments, market trends and opportunities, and any further data you may need to thrive in the polymerase chain reaction (PCR) industry. This polymerase chain reaction (PCR) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The polymerase chain reaction (PCR) market consists of revenues earned by entities by providing services such as DNA amplification, gene expression analysis, pathogen detection, viral load quantification, reverse transcriptase enzyme, custom assay development, clinical diagnostics, gene cloning, genotyping and mutation detection, pathogen detection, technical support, training, and troubleshooting assistance to researchers and laboratory professionals using their products. The market value includes the value of related goods sold by the service provider or included within the service offering. The polymerase chain reaction (PCR) market also includes sales of thermal cyclers, quantitative polymerase chain reaction (qPCR) instruments, digital polymerase chain reaction systems, reverse transcription polymerase chain reaction (RT-PCR) kits, reagents and consumables, master mixes, nucleotides, centrifuges, primers, pipettes, polymerase chain reaction plates and tubes, polymerase chain reaction cleanup and purification kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The polymerase chain reaction (PCR) market size is expected to see rapid growth in the next few years. It will grow to $17.17 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth in the forecast period can be attributed to rising concerns over food safety, increasing demand for safe and high-quality food products, and the growing demand for molecular diagnostics and personalized medicine, with a focus on digital polymerase chain reaction (dPCR). Key trends expected during this period include advancements in real-time polymerase chain reaction, DNA sequencing technologies, diagnostic testing, next-generation sequencing (NGS), microfluidics, lab-on-a-chip platforms, and the development of advanced molecular diagnostic solutions.
The rising demand for personalized medicine is anticipated to drive the growth of the polymerase chain reaction (PCR) market. Personalized medicine, also known as precision medicine, involves tailoring healthcare decisions, practices, interventions, and treatments to the individual characteristics of each patient. The demand for personalized medicine is increasing due to advancements in data analytics, patient-specific treatment responses, and the ability to customize therapies based on individual genetic profiles. PCR plays a crucial role in personalized medicine by enabling the amplification and analysis of specific genetic sequences, allowing clinicians to create tailored treatment plans. For instance, according to the Personalized Medicine Coalition, a US-based professional membership organization, in 2022, the approval of 12 new personalized medicines accounted for approximately 34% of all newly approved therapies, indicating a significant increase from previous years. Thus, the growing demand for personalized medicine is fueling the growth of the PCR market.
Leading companies in the PCR market are developing real-time polymerase chain reaction (RT-PCR) test kits to improve the accuracy, efficiency, and ease of use in genetic analysis. RT-PCR is a laboratory-developed test that amplifies and quantifies specific DNA sequences in real time. For example, in November 2022, Cepheid, a US-based molecular diagnostics company, launched the Xpert Xpress Multiplex Vaginal Panel (MVP), an FDA-cleared multiplex PCR test that detects DNA from organisms associated with three distinct vaginal infections - bacterial vaginosis (BV), vulvovaginal candidiasis, and trichomoniasis - from a single vaginal swab sample. This test enhances traditional PCR methods by providing real-time monitoring, quantification, and increased sensitivity and specificity, making it a crucial tool in molecular biology and clinical diagnostics.
In February 2021, Thermo Fisher Scientific Inc., a US-based biotechnology and laboratory equipment company, acquired Mesa Biotech for approximately $450 million. This acquisition enhances Thermo Fisher's PCR capabilities, expanding its portfolio with rapid point-of-care testing solutions for infectious diseases, including COVID-19, and strengthening its position in the molecular diagnostics market. Mesa Biotech Inc., a US-based molecular diagnostic company, develops, manufactures, and commercializes molecular diagnostic tests using PCR technology.
Major companies operating in the polymerase chain reaction (PCR) market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers GmbH, Becton, Dickinson and Company, GE HealthCare Technologies Inc, Laboratory Corporation of America Holdings (LabCorp), Quest Diagnostics Incorporated, Eurofins Scientific, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc, Sysmex Corporation, Bio-Rad Laboratories Inc., Qiagen N.V., Natera Inc., Myriad Genetics Inc., BGI Genomics Co. Ltd., Cepheid, NeoGenomics Laboratories Inc., 23andMe Holding Co., Ambry Genetics Corporation, Biocartis SA, Centogene N.V., Veritas Genetics.
North America was the largest region in the polymerase chain reaction (PCR) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polymerase chain reaction (PCR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polymerase chain reaction (PCR) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Polymerase chain reaction (PCR) is a laboratory technique employed to amplify specific segments of DNA. This process involves repeated cycles of heating and cooling to denature, anneal, and extend DNA strands, leading to the exponential amplification of the target sequence.
The main types of PCR are conventional polymerase chain reaction and other variants. Conventional PCR is used to amplify a specific DNA segment through repeated heating and cooling cycles. It is utilized in diagnosing various conditions such as infectious diseases, oncology, and genetic disorders. Its applications span both medical and non-medical fields, including hospitals and clinics, pharmaceutical and biotechnology industries, diagnostic centers, and academic and research organizations.
The polymerase chain reaction (PCR) market research report is one of a series of new reports that provides polymerase chain reaction (PCR) market statistics, including polymerase chain reaction (PCR) industry global market size, regional shares, competitors with a polymerase chain reaction (PCR) market share, detailed polymerase chain reaction (PCR) market segments, market trends and opportunities, and any further data you may need to thrive in the polymerase chain reaction (PCR) industry. This polymerase chain reaction (PCR) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The polymerase chain reaction (PCR) market consists of revenues earned by entities by providing services such as DNA amplification, gene expression analysis, pathogen detection, viral load quantification, reverse transcriptase enzyme, custom assay development, clinical diagnostics, gene cloning, genotyping and mutation detection, pathogen detection, technical support, training, and troubleshooting assistance to researchers and laboratory professionals using their products. The market value includes the value of related goods sold by the service provider or included within the service offering. The polymerase chain reaction (PCR) market also includes sales of thermal cyclers, quantitative polymerase chain reaction (qPCR) instruments, digital polymerase chain reaction systems, reverse transcription polymerase chain reaction (RT-PCR) kits, reagents and consumables, master mixes, nucleotides, centrifuges, primers, pipettes, polymerase chain reaction plates and tubes, polymerase chain reaction cleanup and purification kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Polymerase Chain Reaction (PCR) Market Characteristics3. Polymerase Chain Reaction (PCR) Market Trends and Strategies32. Global Polymerase Chain Reaction (PCR) Market Competitive Benchmarking33. Global Polymerase Chain Reaction (PCR) Market Competitive Dashboard34. Key Mergers and Acquisitions in the Polymerase Chain Reaction (PCR) Market
4. Polymerase Chain Reaction (PCR) Market - Macro Economic Scenario
5. Global Polymerase Chain Reaction (PCR) Market Size and Growth
6. Polymerase Chain Reaction (PCR) Market Segmentation
7. Polymerase Chain Reaction (PCR) Market Regional and Country Analysis
8. Asia-Pacific Polymerase Chain Reaction (PCR) Market
9. China Polymerase Chain Reaction (PCR) Market
10. India Polymerase Chain Reaction (PCR) Market
11. Japan Polymerase Chain Reaction (PCR) Market
12. Australia Polymerase Chain Reaction (PCR) Market
13. Indonesia Polymerase Chain Reaction (PCR) Market
14. South Korea Polymerase Chain Reaction (PCR) Market
15. Western Europe Polymerase Chain Reaction (PCR) Market
16. UK Polymerase Chain Reaction (PCR) Market
17. Germany Polymerase Chain Reaction (PCR) Market
18. France Polymerase Chain Reaction (PCR) Market
19. Italy Polymerase Chain Reaction (PCR) Market
20. Spain Polymerase Chain Reaction (PCR) Market
21. Eastern Europe Polymerase Chain Reaction (PCR) Market
22. Russia Polymerase Chain Reaction (PCR) Market
23. North America Polymerase Chain Reaction (PCR) Market
24. USA Polymerase Chain Reaction (PCR) Market
25. Canada Polymerase Chain Reaction (PCR) Market
26. South America Polymerase Chain Reaction (PCR) Market
27. Brazil Polymerase Chain Reaction (PCR) Market
28. Middle East Polymerase Chain Reaction (PCR) Market
29. Africa Polymerase Chain Reaction (PCR) Market
30. Polymerase Chain Reaction (PCR) Market Competitive Landscape and Company Profiles
31. Polymerase Chain Reaction (PCR) Market Other Major and Innovative Companies
35. Polymerase Chain Reaction (PCR) Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Polymerase Chain Reaction (PCR) Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on polymerase chain reaction (PCR) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for polymerase chain reaction (PCR)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polymerase chain reaction (PCR) market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Conventional Polymerase Chain Reaction; Other Types2) By Indication: Infectious Diseases; Oncology; Genetic Disorders; Other Indications
3) By Application: Medical; Non-Medical
4) By End User: Hospitals And Clinics; Pharmaceutical And Biotechnology Industries; Diagnostic Centers; Academic And Research Organization
Key Companies Mentioned: F. Hoffmann-La Roche Ltd.; Thermo Fisher Scientific Inc.; Abbott Laboratories; Danaher Corporation; Siemens Healthineers GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- F. Hoffmann-La Roche Ltd.
- Thermo Fisher Scientific Inc.
- Abbott Laboratories
- Danaher Corporation
- Siemens Healthineers GmbH
- Becton, Dickinson and Company
- GE HealthCare Technologies Inc
- Laboratory Corporation of America Holdings (LabCorp)
- Quest Diagnostics Incorporated
- Eurofins Scientific
- Agilent Technologies Inc.
- Illumina Inc.
- PerkinElmer Inc.
- bioMérieux SA
- Beckman Coulter Inc
- Sysmex Corporation
- Bio-Rad Laboratories Inc.
- Qiagen N.V.
- Natera Inc.
- Myriad Genetics Inc.
- BGI Genomics Co. Ltd.
- Cepheid
- NeoGenomics Laboratories Inc.
- 23andMe Holding Co.
- Ambry Genetics Corporation
- Biocartis SA
- Centogene N.V.
- Veritas Genetics
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 11.42 Billion |
Forecasted Market Value ( USD | $ 17.17 Billion |
Compound Annual Growth Rate | 10.7% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |