Thermal cycler is an equipment which amplifies nucleic acid chain formation that is RNA and DNA. Thermal cycler is also known as polymerase chain reaction (PCR) machine or thermocycler. These machines are used in many laboratories to provide temperature sensitive reaction and for diagnosis of many diseases. The machine consists of heat block with many holes to withstand tubes. The cycler can work with pre-planned program by raising and lowering the temperature. In older machines, the block is submerged in an oil bath while in modern machines the equipment is provided with heating lid for temperature control.

The global thermal cycler market is expected to expand at a high CAGR during the forecast period. Improvement in the field of molecular biology, adoption of PCR testing for diagnosis due to its accuracy and convenience, and increase in research activities in academics and pharmaceutical industries are factors which are likely to drive the growth of the global thermal cycler market during the forecast period. Additionally, government funding in biotechnological research, development of next generation sequencing, robust research in the field of genetics, improvement in forensics, introduction of heat resistance polymerase enzymes, and advanced technologies such as hot start PCR and qPCR which give highly accurate results are few other drivers projected to boost the growth of the global market. However, high cost of the instruments, lack of handling knowledge, and low awareness in some of the developing countries are factors that might restrain the growth of the global thermal cycler market during the forecast period.

The global thermal cycler market is segmented on the basis of product type, application, end-user, and region. In terms of product type, the global market is segmented into instruments and accessories. The instruments segment is further divided into conventional thermal cycler, real-time thermal cycler, multi-block thermal cycler, and digital thermal cycler. The digital thermal cycler sub-segment is anticipated to hold a significant share of the global market due to its technological advancements over the conventional thermal cycler. In terms of application, the global market is divided into diagnostics, manufacturing and quality control testing, clinical research, forensics, and others. The manufacturing and quality control testing segment is projected to account for a significant market share during the forecast period due to faster results with greater accuracy and higher sensitivity. Based on end-user, the global market is divided into pharmaceutical industries, academic and research institutes, diagnostic laboratories, and others. The pharmaceutical industries segment is expected to register a significant share of the market during the forecast period due to rise in the number of industries.

Geographically, the global thermal cycler market is divided into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific. North America is anticipated to dominate the global market during the forecast period in terms of value as well as volume. Factors responsible for the growth of the North America market are developed health care infrastructure, increase in the number of industries, high adoption of PCR machines, rise in health care expenditure, and high expertise and research activities. Asia Pacific is expected to expand at a high growth rate during the forecast period due to factors such as adoption of new technology, increased research activities in fields of genetics and forensics, and rise in funding for research activities.

Key players are adopting strategies such as development of user-friendly and cost-effective products, mergers and acquisitions, robust research and development, and geographical expansion to maintain a significant position in the global thermal cycler market. Prominent players operating in the global market are Agilent Technologies, Inc, Thermo Fisher Scientific Inc, Bio-Rad Laboratories, Inc, Eppendorf AG, and Bioline.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Thermal Cycler Market

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