Transparency Market Research (TMR) has
published a new report titled, “Polymerase Chain Reaction (PCR)
Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2018–2026.” According
to the report, the global
PCR market is projected to reach over US$ 7.0 Bn by
2026 expanding at a considerable CAGR from 2018 to 2026. North America is
expected to dominate the global PCR market during the forecast period, due to
high adoption of technologically advanced molecular diagnostic products,
growing incidence of infectious diseases, rising prevalence of various types of
cancer, growing trend of self-diagnosis of diseases, and affordability of
high-cost testing processes for people in the region.
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Reagents
Segment to Dominate the Global PCR Market
The
report offers detailed segmentation of the global PCR market based on product
and end-user. In terms of product, the market has been segmented into
instruments, reagents, and consumables. The reagents segment held the leading
market share in the year 2017 and is expected to expand at the highest CAGR
during the forecast period. This is attributable to high consumption of
reagents for the PCR technique. Introduction of advanced reagents specific to
the type of test is expected to boost the global demand for PCR reagents in the
near future. PCR reagents include template DNA, PCR primers and probes, dNTPs,
PCR buffers, enzymes, and master mixes. PCR consumables mostly include PCR
tubes, plates, and other accessories required to conduct PCR reactions. The
instruments segment has been sub-categorized into standard PCR systems, RT PCR
systems, and digital PCR systems. Among these, the digital PCR systems
sub-segment is expected to witness growth at a significantly rapid pace during
the forecast period. This is attributable to advantages of digital PCR systems
such as precision, sensitivity, accuracy, reproducibility, direct
quantification and multiplexing, and speed of the analysis.
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Pharmaceutical
& Biotechnology Industry Segment Held a Major Share of the Global PCR
Market in 2017
The
PCR technique has been found to be useful in pharmaceutical and biotechnology
research activities as well as microbial quality testing. The technique is also
applied in genetic engineering. Genetic engineering is the key driver for the
global PCR market. It is used to identify genes related to certain phenotypes
including genetic disorders. Regular testing of the microbial load of raw
materials and finished products is an important process in the pharmaceutical
& biotechnology industry. Sophisticated analytical methods such as
polymerase chain reaction (PCR) have been widely applied for quality control
analysis in the pharmaceutical sector.
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Market
in Asia Pacific to Expand at a High CAGR
Molecular
diagnosis has revolutionized the modern diagnosis technology. PCR has become a
method of choice in early and accurate detection of diseases. Expansion by
leading manufacturers of PCR products in the Asia Pacific region by
strengthening of the distribution network and new product launches in
developing countries of Asia Pacific are key factors likely to drive the PCR
market in the region during the forecast period. Moreover, rise in the
incidence of cancer and infectious diseases has resulted in increase in the
demand for use of the PCR technique in clinical diagnosis of these diseases in
Asia Pacific. For instance, according to the Korea Central Cancer Registry
published in 2016, there were 217,057 cancer cases in South Korea in 2014.
Moreover, in 2016, the WHO estimated that the Asia Pacific region has the
second-highest number (i.e. 5.1 million) of people living with HIV across the
world. Thus, Asia Pacific is expected to be the most lucrative market for PCR
by 2026.
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Competition
Landscape
Major
players operating in the global PCR market are Bio-Rad Laboratories, Inc.,
QIAGEN N.V., F. Hoffmann-La Roche AG, Thermo Fisher Scientific, Inc. Becton,
Dickinson and Company, Abbott, Siemens Healthcare GmbH (Siemens AG), bioMérieux
SA, Danaher Corporation, and Agilent Technologies. Key players are expanding
their product portfolio through mergers and acquisitions and partnerships and
collaborations with leading pharmaceutical and biotechnology companies and by
offering technologically advanced products.
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data sets and research material for business reports.
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