Growing prevalence of infectious diseases and genetic disorders to drive global dPCR and qPCR products market
According to TechSci Research report, “Global dPCR and qPCR Products Market By Technology (Quantitative, Digital), By Product (Consumables & Reagents, Instruments, Software & Services), By Application (Clinical (Pathogen Testing, Blood Screening, Oncology Testing, Others), Research, Forensic, Others), By End User (Hospitals and Diagnostic Center, Research Laboratories and Academic Institute, Pharmaceutical and Biotechnology Companies, Clinical Research Organizations, Forensic Laboratories), By Region, Forecast & Opportunities, 2025”, the market is expected to witness a significant CAGR during the forecast period owing to technological advancements and increasing funds, grants and investments in PCR technologies. Furthermore, growing prevalence of target infectious diseases such as malaria, cancer, tuberculosis, and HIV & genetic disorders are creating the demand for dPCR and qPCR products around the world. Also, increasing usage of biomarker profiling for disease diagnostics are acting as major growth drivers for global dPCR and qPCR products market. With increasing demand for Rapid Diagnostics Tests (RTDs), the market is anticipated to register a significant growth through 2025.
Additionally, successful completion of Human Genome Sequencing (HGS) is also contributing to the growth of global dPCR and qPCR products market. The market is also witnessing transition from plant-derived drugs to genome-based drugs which is acting as a major booster for the market. However, dPCR and qPCR products market might also face some challenges. Technical shortcomings in the dPCR and qPCR might act as a major restraint for market growth. Moreover, high costs of advanced PCR devices might hamper the growth of global dPCR and qPCR products market.
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The global dPCR and qPCR products market is segmented based on technology, product, application, end user and region. Based on product, the market is segmented into consumables & reagents, instruments and software & services. Among them, the consumables & reagents segment is expected to command largest market share during the forecast period owing to its strong uptake in the use of PCR kits in diagnostic tests. Moreover, growing number of probe-based multiplex genetic analysis procedures are creating huge demand for consumables & reagents across the globe.
Based on application, global dPCR and qPCR products market is segmented into clinical, research, forensic and others. The clinical application is further categorized into pathogen testing, blood screening, oncology testing and others. Among them, the clinical application segment is expected to dominate the market through 2025 owing to growing adoption of dPCR by hospitals & diagnostic centers and rising prevalence of infectious and genetic diseases.
Major players operating in the global dPCR and qPCR products market include F. Hoffmann-La Roche Ltd., Seegene Inc., Thermo Fisher Scientific, Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Abbott Laboratories, Takara Bio, Inc., Agilent Technologies, Inc., Danaher Corporation, Merck KGaA, Dickinson Company and Humasis Co Ltd. Moreover, the companies are undertaking various growth strategies like mergers and acquisitions to increase their global market share.
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“North America is expected to serve as a lucrative market for dPCR and qPCR product manufacturers as the region is witnessing increasing use of innovative and novel genomic analysis products. Increasing R&D funding for genomic research is also supporting the growth of this market. Adding to this, growing adoption of PCR techniques in clinical diagnostics & forensics is anticipated to boost the dPCR and qPCR products market in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global dPCR and qPCR Products Market By Technology (Quantitative, Digital), By Product (Consumables & Reagents, Instruments, Software & Services), By Application (Clinical (Pathogen Testing, Blood Screening, Oncology Testing, Others), Research, Forensic, Others), By End User (Hospitals and Diagnostic Center, Research Laboratories and Academic Institute, Pharmaceutical and Biotechnology Companies, Clinical Research Organizations, Forensic Laboratories), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global dPCR and qPCR products 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 dPCR and qPCR products market.
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