Sunday, 30 November 2014

Global PCR market is expected to grow at a CAGR of more than 9 percent from 2014 to 2020

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"Polymerase Chain Reaction (PCR) is a rapid method to amplify DNA in molecular biology field, enabling researchers to produce millions of copies of specific DNA. Though the sample quality is not so good all the time, factors such as short duration, technological advancements and the ease of procedure are boosting its adoption.

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The global PCR market is expected to grow at a CAGR of more than 9% from 2014 to 2020 to reach a market size of $14 billion by the end of 2020. The PCR market is mainly segmented by products, techniques, applications, and end users. The market assessment of the above mentioned segments is made across the geographies such as North America, Europe, Asia-Pacific, LATAM and MENA.

Factors such as rising investments in drug discovery technologies and diagnostics, increasing demand for innovative technologies for rapid and accurate diagnosis of life threatening diseases, advanced digital PCR, Patent expiry, increasing applications in the fields of life sciences research, clinical diagnostics and molecular testing are driving the PCR market growth. However, high cost of some of the commercial PCR’s, stringent government regulations, emergence of alternate technologies such as Next Generation Sequencing, lack of awareness and shortage of skilled labour are expected to hinder the PCR market growth.

The global PCR market based on products is segmented into instruments, reagents and consumables, software and services. Further segmentation of each of these segments is derived across the geographies. Reagents and consumables commanded the largest market growing at a strong CAGR during the forecast period, whereas the services segment is expected to register a high growth rate. PCR market by techniques is categorized into Real Time PCR / qPCR, standard PCR, reverse transcriptase PCR, digital PCR, assembly PCR, multiplex PCR, hot start PCR and others. Real time quantitative PCR accounted for the largest share in 2013 growing strong, whereas digital PCR market is expected to register the highest CAGR of around 13% during the forecast period

Depending on the applications the PCR market is segmented into clinical diagnostics, industry applications and others. Industry application holds the largest market share and is growing strong, however clinical diagnostics segment is expected to register the highest CAGR of around 11% during the forecast period.

Based on the geography the global PCR market is segmented into North America, Europe, Asia-Pacific, LATAM, and MINA. North America commanded the largest share and is growing at a steady pace. Factors such as enhanced healthcare infrastructures and favorable government funding are responsible for the largest share in this region. However, Asia-pacific region is expected to register the highest CAGR of more than 13% from 2014 to 2020. The growth is mainly attributed to rising healthcare awareness, boosting economic growth and increasing disposable incomes.

The major players in the PCR market are Abbott Laboratories, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Qiagen N.V. (Netherlands), Promega Corporation (U.S.), Sigma Aldrich (U.S.), Roche Diagnostics (Switzerland), Siemens Healthcare (Germany), and Thermo Fisher Scientific, Inc. (U.S.) etc.

The global PCR market report evaluated detailed information about the market trends of diverse segmentation. Further market dynamics, along with challenges, and opportunities are described.

This report provides an in-depth market assessment across the below listed segments:

1. Global Polymerase Chain Reaction Market, by Products:
Reagents & Consumables

2. Global Polymerase Chain Reaction Market, by Techniques:
Real Time PCR / qPCR  
Standard PCR
Digital PCR
Reverse transcriptase PCR
Multiplex PCR
Hot Start PCR
Assembly PCR

3. Global Polymerase Chain Reaction Market, by Applications:
Clinical diagnostics
Industrial applications

4. Global Polymerase Chain Reaction Market, by End users:
Hospitals and laboratories
Pharma & Biotech firms and CRO's  
5. Global Polymerase Chain Reaction Market, by Geography:
North America
Rest of World (LATAM, MINA and others)

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