Marketresearchreports.biz has announced the addition of the “Global PCR Technologies Market – Trends & Forecast to 2020” report to their offering. This 250-page report on the global Polymerase Chain Reaction (PCR) market states that the global PCR market will demonstrate a CAGR of over 9% during 2014 to 2020 and reach a market size of US$14 billion by end of 2020.
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Global PCR Market’s Growth Shaping Factors
Dynamics such as increasing investments in drug discovery technologies and diagnostics, rising demand for innovative technologies for accurate and rapid diagnosis of life-threatening diseases, patent expiry, advanced digital polymerase chain reaction, growing applications in the fields of life sciences research, and clinical diagnostics and molecular testing are driving the PCR market growth. However, the global PCR industry will be suppressed due to factors such as high cost of some of the commercial PCR’s, emergence of alternate technologies such as next generation sequencing, stringent government regulations, shortage of skilled labor, and lack of awareness. The global polymerase chain reaction market is segregated into five main segments on the basis of products, techniques, applications, end-users, and geography.
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Evaluation of Global PCR Market by Segments
The global PCR market according to products is segmented into software, services, instruments, reagents and consumables. Further segmentation of these segments is derived across the geographies. The report states that the reagents and consumables segment commanded the largest chunk of the market and will grow at a strong CAGR during the forecast period, whereas the services sector is expected to demonstrate a high growth rate as well. By techniques, the global polymerase chain reaction market is divided into assembly PCR, hot start PCR, multiplex PCR, reverse transcriptase PCR, digital PCR, standard PCR, and real time PCR/qPCR. According to the report, real time quantitative PCR held the largest share in 2013, while digital PCR is expected to register the highest compound annual growth rate of around 13%.
Application-wise, the global PCR market is segmented into clinical diagnostics, industrial applications, and others. The global polymerase chain reaction market by end users is segregated into academia, hospitals and laboratories, pharma and biotech firms and CRO’s, and others. Geography-wise, the report segments the global Polymerase Chain Reaction (PCR) market into North America, Europe, Asia Pacific, and Rest of World (LATAM, MINA, and others). North America dominated the largest share of the global PCR market and will demonstrate a steady growth in the coming years, owning to factors such as favorable government funding and enhanced healthcare infrastructure. On the other hand, Asia-Pacific region will display the highest growth with a CAGR of over 13% during 2014-2020. This growth rate is attributed to the increasing healthcare awareness, improving economic conditions, and rise in disposable incomes.
The global PCR market report includes profiles of prominent market players such as Becton, Dickinson and Company (U.S.), Abbott Laboratories, Inc. (U.S.), Qiagen N.V. (Netherlands), Promega Corporation (U.S.), Sigma Aldrich (U.S.), Siemens Healthcare (Germany), Bio-Rad Laboratories, Inc. (U.S.), Roche Diagnostics (Switzerland), and Thermo Fisher Scientific, Inc. (U.S.) etc.
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