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PCR & Real-time PCR Molecular Diagnostics Market to Surpass US$ 6.5 Bn mark by the end of 2030

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Advantages over Alternative Virus Isolation Techniques to Drive Demand

Over the past few decades, polymerase chain reaction (PCR) molecular diagnostics has gradually established itself as one of the most critical laboratory tools. Advancements in PCR & real-time PCR molecular diagnostics are largely driven by minor changes to enzymes and large-scale changes in a particular result. At present, considerable research and development activities are being carried out to improve the reliability and accuracy of PCR & real-time PCR molecular diagnostics– a factor that is expected to bolster the market growth during the forecast period.

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The outbreak of the novel COVID-19 pandemic is expected to play an imperative role in accelerating the growth of the global PCR & real-time PCR molecular diagnostics market, as PCR & real-time diagnostics is highly critical to detect virus in individuals who exhibit no symptoms or signs of disease. In addition, the adoption of PCR & real-time PCR molecular diagnostics is on the rise for the identification and detection of Pseudomonas aeruginosa. This is likely to boost the overall prospects of the global PCR & real-time PCR molecular diagnostics market during the assessment period.

The increasing collaborations between private scientific laboratories and research institutes is projected to build a solid foundation for the PCR & real-time PCR molecular diagnostics market.

At the back of these factors, along with consistent advancements in technology and virus detection techniques, the global PCR & real-time PCR molecular diagnostics market is expected to surpass US$ 6.5 Bn mark by the end of 2030.

Strides Taken by Quantitative PCR & Real-time PCR Molecular Diagnostics to Aid Market Growth

At present, the various techniques deployed across the molecular biology and medical diagnostics space are highly time-consuming and labor-intensive due to which, researchers and medical experts continue to focus on the discovery of time-efficient, reliable, and effective medical diagnostics. The PCR & real-time PCR molecular diagnostics has garnered considerable popularity over the past couple of decades, as it enables multiplication of a target DNA molecule due to which, the diagnosis of a range of diseases with a higher accuracy was made possible. This factor is anticipated to drive the PCR & real-time PCR molecular diagnostics market during the assessment period.

Researchers and stakeholders involved in the current PCR & real-time PCR molecular diagnostics market are of the opinion that quantitative PCR & real-time PCR molecular diagnostics is a highly robust and reliable medical diagnostics technique. Moreover, PCR & real-time PCR molecular diagnostics have a lower risk of cross-contamination, as it is predominantly carried out in automated thermal cyclers. Moreover, investments for PCR & real-time PCR molecular diagnostics have witnessed consistent growth over the past decade. Moreover, as per current observations, the trend is set to continue in the upcoming decade, due to the tremendous scope of PCR & real-time PCR molecular diagnostics in the near future.

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The outbreak of the novel COVID-19 pandemic is expected to boost to the overall growth of the global PCR & real-time PCR molecular diagnostics market. Several established international organizations, including IAEA and Food and Agriculture Organization (FAO) are increasingly offering their support and expertise to various nations to facilitate the adoption of real-time reverse transcription- PCR & real-time PCR molecular diagnostics– one of the most reliable and accurate laboratory techniques used to track, detect, and assess the novel COVID-19 coronavirus strain.

The demand for PCR & real-time PCR molecular diagnostics has witnessed noteworthy growth in 2020, as governments of various nations around the world are increasingly offering monetary and policy-driven support to players involved in the PCR & real-time PCR molecular diagnostics market. In comparison with the alternative virus isolation techniques, PCR & real-time PCR molecular diagnostics has a lower risk of cross-contamination and is notably faster. This is expected to drive the demand for PCR & real-time PCR molecular diagnostics during COVID-19.

Analysts’ Viewpoint

The global PCR & real-time PCR molecular diagnostics market is expected to expand at a moderate CAGR of ~4% during the forecast period. The market growth is primarily driven by factors such as advancements in technology, progress made by quantitative PCR & real-time PCR molecular diagnostics techniques, benefits over other virus isolation and detection techniques, and growing emphasis on improving the reliability of end-results of PCR molecular diagnostics. The demand for PCR & real-time PCR molecular diagnostics has witnessed tremendous growth in 2020, due to the onset of the COVID-19 pandemic. Furthermore, as per current trends, the adoption is likely to gain momentum, as governments around the world continue to take drastic measures to curb the transmission of the COVID-19 virus.

PCR & Real-time PCR Molecular Market: Overview

The global PCR & real-time PCR molecular market for the historical year (2018), base year (2019), and the forecast period (2020–2030), technological advancements and increase in burden of cancer & infectious diseases across the globe are projected to drive the global PCR & real-time PCR molecular market in the near future

According to the report, the global PCR & real-time PCR molecular market was valued over US$ 4.1 Bn in 2019. It is anticipated to expand at a CAGR of ~4% from 2020 to 2030.

Rise in Burden of Cancer & Infectious Diseases to Drive Global Market

Rise in prevalence of cancer and infectious diseases is projected to drive the market during the forecast period. Hepatitis and HIV are major infectious diseases. According to the World Health Organization (WHO), as of October 2017, nearly 71 million people across the world were estimated to be suffering from hepatitis C infection. The organization also stated that 36.7 million people were affected with HIV, globally.

According to the WHO, lung, breast, colorectal, prostate, skin, and stomach cancer are common types of cancers that are prevalent across the globe. According to the American Cancer Society, the most common cancers in the U.S. are breast cancer, lung cancer, prostate cancer, colorectal cancer, and melanoma. According to the Urology Care Foundation, about one in every seven men is diagnosed with prostate cancer in the U.S., and approximately, one in 35 men succumbs to the disease. In 2020, 191,000 men are likely to be diagnosed with prostate cancer.

Increase in Demand for Molecular Diagnostic Tools to Propel Global Market

Expansion of the market is projected to be driven by technological advancement, regulatory approvals, and increase in adoption of molecular diagnostic tools in oncology and infectious diseases. Early detection plays a significant role in management of cancer. Molecular diagnostics offers a wide range of tools for accurate and reliable diagnosis of diseases. Additionally, PCR-based systems help enhance workflow to reduce the overall cost and eliminate the need for multiple systems.

PCR & Real-time PCR Molecular Market: Competition Landscape

This report profiles major players operating in the global PCR & real-time PCR molecular market based on attributes such as company overview, financial overview, product portfolio, major brands, business strategies, and recent developments

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The global PCR & real-time PCR molecular market is highly competitive with the presence of prominent players in the international market. Top players hold prominent share of the global PCR & real-time PCR molecular market.

Prominent players operating in the global PCR & real-time PCR molecular market include

  • Abbott Laboratories
  • Bio-Rad Laboratories, Inc.
  • bioMérieux SA
  • Danaher Corporation
  • Thermo Fisher Scientific, Inc.
  • Becton, Dickinson and Company
  • F. Hoffmann-La Roche Ltd
  • QIAGEN N.V.
  • Hologic, Inc.
  • GRIFOLS
  • S.A.
  • Genomic Health
  • Seegene, Inc.

The report on the global PCR & real-time PCR molecular market discusses individual strategies, followed by company profiles of manufacturers of PCR & real-time PCR molecular systems. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global PCR & real-time PCR molecular market.

Key Questions Answered in PCR & Real-time PCR Molecular Diagnostics Market Report

  1. What are major drivers, restraints, and opportunities in the global PCR & real-time PCR molecular diagnostics market?
  2. What is the revenue share projection of key segments of the global PCR & real-time PCR molecular diagnostics market during the forecast period?
  3. Which segment is likely to lead the global PCR & real-time PCR molecular diagnostics market in terms of revenue between 2020 and 2030?
  4. How mergers & acquisitions among players are widening the scope of the global PCR & real-time PCR molecular diagnostics market?
  5. What is the market position of different companies operating in the global PCR & real-time PCR molecular diagnostics market?

PCR and Real-time PCR Molecular Diagnostics Market – Segmentation

Technology

  • Traditional PCR
  • Real-time PCR
  • Digital PCR

Product

  • Instruments
  • Reagents
  • Consumables

Application

  • Infectious Diseases Testing
  • HCV & HBV
  • Sexually Transmitted Infections
  • Hospital Acquired Infection
  • Respiratory Infections
  • Others
  • Oncology Testing
  • Genetic Testing
  • Others

End User

  • Hospitals
  • Diagnostic Laboratories
  • Academic & Academic & Research Centers
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global PCR & Real-time PCR Molecular Diagnostics Market

4. Market Overview

4.1. Introduction

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global PCR & Real-time PCR Molecular Diagnostics Market Analysis and Forecast, 2018–2030

5. Market Outlook

5.1. Technology Advancement

5.2. Key Industry Events (Mergers, Acquisitions, Collaborations, Partnerships, etc.)

5.3. COVID-19 Pandemic Impact on Industry (Value Chain and Short /Mid / Long-term Impact) Pricing Analysis

6. Global PCR & Real-time PCR Molecular Diagnostics Market Value Forecast, by Technology

6.1. Introduction & Definition

6.2. Global PCR & Real-time PCR Molecular Diagnostics Market Value Forecast, by Technology, 2018–2030

6.2.1. Traditional PCR

6.2.2. Real-time PCR

6.2.3. Digital PCR

6.3. Global PCR & Real-time PCR Molecular Diagnostics Market Attractiveness Analysis, by Technology

7. Global PCR & Real-time PCR Molecular Diagnostics Market Value (US$ Mn) Forecast, by Product

7.1. Introduction & Definition

7.2. Global PCR & Real-time PCR Molecular Diagnostics Market Value Forecast, by Technology, 2018–2030

7.2.1. Instruments

7.2.2. Reagents

7.2.3. Consumables

7.3. Global PCR & Real-time PCR Molecular Diagnostics Market Attractiveness Analysis, by Product

8. Global PCR & Real-time PCR Molecular Diagnostics Market Value (US$ Mn)  Forecast, by Application

8.1. Introduction & Definition

8.2. Global PCR & Real-time PCR Molecular Diagnostics Market Value Forecast, by Technology, 2018–2030

8.2.1. Infectious Diseases Testing

8.2.1.1. HCV & HBV

8.2.1.2. Sexually Transmitted Infections

8.2.1.3. Hospital Acquired Infection

8.2.1.4. Respiratory Infections

8.2.1.5. Others

8.2.2. Oncology Testing

8.2.3. Genetic Testing

8.2.4. Others

8.3. Global PCR & Real-time PCR Molecular Diagnostics Market Attractiveness Analysis, by Application

9. Global PCR & Real-time PCR Molecular Diagnostics Market Value (US$ Mn) Forecast, by End-user

…….

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