According to a new
market report published by Transparency Market Research “Polymerase
Chain Reaction (PCR) Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020”, the global PCR market
was valued at USD 6.1 billion in 2013 and is expected to grow at a
CAGR of 6.6% from 2014 to 2020, to reach an estimated value of USD
9.6 billion by 2020.
Polymerase chain
reaction (PCR) is an indispensible amplification technique in
clinical and life sciences. The technique is a comparatively precise
and robust method that relies on the polymerase enzyme to
exponentially amplify trace amounts of DNA/RNA fragments by creating
many identical or near identical copies. PCR finds wide range of
applications in disease diagnosis, gene library generation, DNA
sequencing, cloning, mutagenesis, bacteria and virus detection, and
more.
PCR methods have
revolutionized the process of disease diagnosis by enabling early and
precise diagnosis of pathogens and provide accurate therapeutic
treatments. Several molecular diagnostic assays have been developed
recently using a variety of PCR technologies such as Abbott’s
RealTime HCV Genotype II PCR assay and Roche’s COBAS HPV test.
Major growth drivers include increasing applications of PCR in
forensic science, enhanced automation, rising demand for
amplification technologies, and research intensive investment by
leading biotechnology and pharmaceutical companies. In addition,
advancements in PCR technology assisting in personalized medicine is
expected to impact growth of the PCR market. At present, at least 6
PCR tests are available for personalized medicine in cancer patients.
The examples include Oncotype Dx Breast Cancer Assay (Genomic
Health), TheraScreen EGFR (Dx) and BCR-ABL Mutation Analysis Test
(Genzyme Genetics).
The global PCR
market has been segmented based on the product types, end-users and
application. Based on the types of products, the global PCR market
has been segmented into two categories: PCR instruments, and PCR
reagents and consumables. Among the products segment, reagents and
consumables was the largest segment in 2013, accounting for 67% of
the global PCR market due to the rising preference for specific
reaction dependent reagents and master mixes. Among various end-users
of PCR, academics and research organizations accounted for the
largest share in 2013, followed by clinical diagnostic labs and
hospitals. Based on applications, the market is categorized into life
sciences, clinical diagnostics and others.
Geographically, the
market has been segmented into four regions: North America, Europe,
Asia Pacific and Rest of the World. The global PCR market is driven
by a large number of patients suffering from malignant diseases such
as leukemia and lymphoma, bacterial and viral infections, and
metabolic diseases as well as the ongoing research on the causes and
treatment of these diseases. In terms of revenue, North America was
the largest market in 2013, followed by Europe. The PCR market in
North America was valued at USD 2,614 million in 2013 and is expected
to reach USD 3,944.6 million by 2020. In addition, factors such as
growing population in emerging economies, rising healthcare awareness
and increasing investment in life science research would increase the
demand for PCR technologies, especially in countries of Asia Pacific.
Key players
operating in this market include Thermo Fisher Scientific, Roche
Diagnostics, Abbott Laboratories, Inc., Agilent Technologies,
Sigma-Aldrich Corporation, Beckman Coulter, Bio-Rad Laboratories,
Affymetrix, Inc., GE Healthcare, QIAGEN and Becton Dickinson &
Company.
Browse the full
Polymerase Chain Reaction (PCR) Market
:http://www.transparencymarketresearch.com/pcr-technologies.html
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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