The polymerase chain reaction market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.4% in the forecast period of 2021 to 2028 and is expected to reach USD 16,177.00 million by 2028. The increasing demand for advanced diagnostic techniques is escalating the growth of polymerase chain reaction market.
Polymerase chain reaction (PCR) refers to specific technique which is utilized to copy a specific region of DNA. PCR is extensively used in making several copies of the required target DNA so that it can be used in analysis later. The major five core ingredients utilized in polymerase chain reaction are DNA nucleotides, DNA template, primers, Taq polymerase and buffer. PCR is known to be more efficient and convenient technique.
The growth in geriatric population, rise in number of diagnostic centers and hospitals, technological advancements and high prevalence of infectious diseases are the major factors driving the polymerase chain reaction market. The increase in technological advancements, acceptance of personalized medicine drives the polymerase chain reaction technologies among consumers and growth in awareness regarding the advanced techniques accelerate the polymerase chain reaction market growth. The increasing population base for chronic disease patients, technological advancements in the field of life science and rising incidence of infectious disease influence the polymerase chain reaction market. Additionally, increase in funding for research and development activities, surge in number of research projects, improving healthcare infrastructure and rising healthcare expenditure positively affect the polymerase chain reaction market. Furthermore, reductions in number of PCR processes which make the process less tedious extend profitable opportunity to the polymerase chain reaction market players in the forecast period of 2021 to 2028.
On the other hand, growth of non-validated home-brew test and issues with reimbursement scenario are factors expected to obstruct the polymerase chain reaction market growth. The rise in concerns regarding the accurate and timely results for RT-PCR is projected to challenge the polymerase chain reaction market in the forecast period of 2021 to 2028.
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Competitive Landscape and Polymerase Chain Reaction Market Share Analysis
The polymerase chain reaction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polymerase chain reaction market.
The major players covered in the polymerase chain reaction market report are Affymetrix, Inc., Agilent Technologies, Inc., Sigma Aldrich Corporation, Abbott Laboratories, Beckman Coulter, Bio-Rad Laboratories, GE Healthcare, QIAGEN, Becton Dickinson Company, F. Hoffmann-La Roche Ltd, bioMérieux, S.A., Enzo Life Science, Inc., Danaher, Thermo Fischer Scientific, Inc., Expedeon, LGC Limited, RainDance Technologies, Inc., Fluidigm, Takara Bio Inc., Hokkaido System Science Co.Ltd., Shimadzu Corportaion, QIAGEN among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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