Global Polymerase Chain Reaction Market: Accurate Diagnosis of Life-threatening Diseases to Leverage Global Demand for PCR Kits, says TMR

The global polymerase chain reaction market features a largely consolidated vendor landscape and is dominated few established players, which account for over 50% of the overall market, states Transparency Market Research in a recent publication. Roche Diagnostics, Thermo Fisher Scientific, Abbott Laboratories, Bio-Rad, and Becton Dickinson are some of the key vendors in the market. To exploit the growth opportunities for the polymerase chain reaction technology offered globally, companies in the market are focusing on the development of enhanced PCR systems with high specificity, sensitivity, and broad menu of tests. Focus on the development of PCR systems featuring automated workflow, shorter turnaround times, and higher productivity is also a key trend.

Transparency Market Research estimates that the global polymerase chain reaction market will exhibit a healthy single-digit growth rate over the report’s forecast period and rise to a valuation of US$9,621.0 mn by 2020.

In terms of the key applications of polymerase chain reaction systems, the segment of life sciences presently dominates, accounting for a massive chunk in global revenues. Geographically, North America is the most lucrative regional market, accounting for the dominant share in the global polymerase chain reaction market. However, the market in Asia Pacific is estimated to gain traction and emerge as the region with the most significant growth rate over the forecast period.

Rising Demand for Accurate Diagnosis of Life-threatening Diseases to Drive Market

In the past few years, advances in the field of molecular diagnostics, especially polymerase chain reaction (PCR) assays, have vastly improved the diagnosis of several life-threatening diseases such as invasive aspergillosis, diphtheria, and a vast number of hematological diseases. The early and accurate diagnosis and treatment of these conditions are essential for effective therapeutic management. In this sense, polymeric chain reaction approaches serve better than other diagnostic techniques and lead to results with acceptable sensitivity and required specificity.

As a result, the use of PCR approaches for the effective diagnosis of a variety of diseases has increased in the recent past. This factor is expected to have a notable positive influence on the overall development of the global polymerase chain reaction market. 

High Cost of Polymeric Chain Reaction Diagnostic Kits and Assays Could Impede Market Growth

Although the growth prospects of the global polymerase chain reaction market are healthy owing to the constantly rising set of applications, there are certain factors that are expected to present challenges to market’s potential growth. The report states that the market’s growth will be impeded by factors such as the high cost of PCR diagnostic kits and assays, inefficient data analysis tools, lack of skilled resources, and competition from newer technologies such as targeted next-generation sequencing (NGS).

Of these, the high cost of PCR diagnostic kits and assays is one of the key restraints of the market as cost is a key aspect deciding the acceptability of any new product or technology in emerging or under-developed economy. This factor is expected to have a notable negative impact on the overall development of the global PCR market over the report’s forecast period.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Polymerase Chain Reaction (PCR) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014–2020.”

For the report, the market has been segmented into:

The global PCR market is segmented as follows:

  • Global PCR Market Revenue (USD Million), by Products
    • Instruments
      • Standard PCR Systems
      • Real Time PCR Systems
      • Digital PCR Systems
    • Reagents and Consumables
  • Global PCR Market Revenue (USD Million), by End-Users
    • Pharmaceutical and Biotechnology Industries
    • Clinical Diagnostics Labs and Hospitals
    • Academic and Research Organizations
  • Global PCR Market Revenue (USD Million), by Applications
    • Clinical Diagnostics
    • Life Sciences
    • Others
  • Global PCR Market Revenue (USD Million), by Geography
    • North America
      • Instruments
      • Reagents and Consumables
    • Europe
      • Instruments
      • Reagents and Consumables
    • Asia Pacific
      • Instruments
      • Reagents and Consumables
    • Rest of World
      • Instruments
      • Reagents and Consumables

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