Real Time PCR Market to Surpass USD 25325.23 Million through 2026
Rising prevalence of target
genetic disorders and increasing technological innovations in PCR tools to
drive the growth of global real time PCR market.
According
to TechSci Research report, “Global
Real
Time PCR Market By Product (Reagents & Consumables, Instruments,
Software & Services), By Application (Clinical Diagnostics, Research,
Forensic), By End-user (Hospitals and Diagnostic Centers, Pharmaceutical, CROs
and Biotechnology Companies, Research Laboratories and Academic Institutes, Forensic
Laboratories), By Region, Competition Forecast & Opportunities, 2026”, global Real Time PCR market is
anticipated to reach USD25325.23 million by 2026. Growing prevalence of infectious diseases
like HIV/AIDS and malaria, coupled with increasing cases of genetic disorders are
some of the factors propelling the growth of real time PCR market around the globe.
Furthermore, technological advancements in PCR technology are also driving the
growth of this market and the emergence of COVID-19 showed positive impact on
Real time PCR Market. Additionally, governments and various international
organizations are also investing in PCR technologies and allocating funds and
grants for research and development activities. This is also providing major
boost to the global real time PCR market. Additionally, use of biomarker
profiling for disease diagnostics has increased over the past few years. This
has led to the rise in demand for real time PCR. Also, growing demand for Rapid
Diagnostics Tests (RDT) is driving the growth of real time PCR market across
the globe. Moreover, demand for RDT is increasing as it provides rapid results
with the help of limited healthcare infrastructure. Hence, it is also contributing
to the demand for real time PCRs, which are extensively used to conduct RDT diagnostic
procedures across major healthcare establishments. However, high instrument
cost of real time PCRs might hamper the growth of this market. Also, technical
limitations of PCRs restrict their extensive use, thereby impacting the overall
growth of real time PCR market.
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Real Time PCR Market"
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The global
real time PCR market is segmented based on product, application, end-user and region.
Based on product, the market is segmented into reagents & consumables, instruments,
software & services. The reagents & consumables segment holds largest
market share in global real time PCR market owing to its technological benefits
over traditional PCRs. Also, increasing number of probe-based multiplex genetic
analysis procedures are leading to high demand for real time PCR reagents &
consumables.
Based
on End User, the market is fragmented into hospitals and diagnostic centers, pharmaceutical, CROs and biotechnology companies, research
laboratories and academic institutes and forensic laboratories. The hospitals
and diagnostic centers is expected to dominate the market in the forecast due
to rising prevalence of diseases like COVID-19, cancer and genetic disorders. Additionally,
clinical real time PCRs are extensively used for disease diagnosis and help in providing
effective treatment.
Major players operating in the global real
time PCR market include Bio-Rad Laboratories, Inc., Thermo Fisher Scientific
Inc., F. Hoffmann-La Roche AG, Qiagen N.V., Abbott Laboratories, Takara Bio
Inc., Agilent Technologies, Inc., Biomerieux SA., Danaher Corporation, Meridian
Bioscience Inc., Promega Corporation, GE Healthcare Inc., Fluidigm Corporation,
Merck Serono GmbH and Becton, Dickinson and Company. For instance, in 2021, Thermo
Fisher Scientific Inc. and F. Hoffmann-La Roche AG are the leading companies in
the field of real time PCR.
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“Increasing used of biomarkers for
diagnosis of diseases like cancer, etc., is acting as a potential driver for real
time PCR market. Moreover, with increased funds and grants by governments and
various health organizations, the global real time PCR market is expected to witness
an exponential growth until 2026. Research and development are key factors for
the growth of any market and therefore, leading companies are indulging
extensively in such activities to bring new and advanced technologies in the
global market. Moreover, medical practitioners are also opting for real time PCRs
instead of traditional PCRs due to the added advantage they offer over other
PCR types. The North America region is dominating the overall global real time
PCR market followed by Europe and APAC.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Real Time PCR Market By Product (Reagents
& Consumables, Instruments, Software & Services), By Application
(Clinical Diagnostics, Research, Forensic), By End-user (Hospitals and
Diagnostic Centers, Pharmaceutical, CROs and Biotechnology Companies, Research
Laboratories and Academic Institutes, Forensic Laboratories), By Region, Competition
Forecast & Opportunities, 2026” has
evaluated the future growth potential of global real time PCR market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global real time PCR market.
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