Digital PCR (dPCR) & Real time PCR (qPCR) Market is anticipated to grow at a CAGR of 8.3% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Digital PCR (dPCR) & Real time PCR (qPCR) Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the digital PCR (dPCR) & real time PCR (qPCR) market is estimated to be over US$ 4.0 billion in 2019. It is anticipated to grow at a CAGR of 8.3% from 2019 to 2030.
Rising incidences of infectious diseases as well as in genetic disorders is anticipated to boost the dPCR & qPCR market during the forecast period. Moreover, advancements in dPCR techniques are promising as they are able to detect certain rare types of cancers. Thus, their use in diagnostics is increasing, further developing the interest of researchers. However, high cost for dPCR & qPCR equipment and technical limitations are hindering market growth to a certain extent.
Along with the rising incidences of infectious diseases as well as genetic disorders in the recent years the number of hospitals and diagnostic centers are increasing in turn, driving the dPCR & qPCR market. For instance, according to World Health Organization (WHO), cancer is the second leading cause of death globally, accounting for an estimated 9.6 million deaths, or one in six deaths, in 2018.
Detection of the disease is important in order for them to be treated. Technological advancements in dPCR & qPCR have made it possible to help in the detection of disease, leading to their increasing applications in diagnostic & research. Major application of dPCR & qPCR include mutation/snp detection, genome edit detection, haplotyping, pathogen detection, and gene expression among others. They also have applications in food microbiology and in veterinary medicine. Rise in public-private funds for the technological advancements of these equipment’s is fueling the dPCR & qPCR market.
Browse key industry insights spread across 180 pages with market data tables & figures & charts from the report, Digital PCR (dPCR) & Real time PCR (qPCR) Market by Products and Services (Reagents & Consumables, Instruments and Software & Services), by Application (Clinical Application, Forensic Application and Research Application), by End Users (Hospitals & Diagnostic Centers, Research Laboratories & Academic Institutes, Pharmaceutical & Biotechnology Companies, Clinical Research Organizations and Forensic Laboratories) – Global Analysis & Forecast 2019-2030. in detail along with the table of contents:https://www.marketindustryreports.com/digital-PCR-dPCR-and-real-time-PCR-qPCR-market/202
The high cost for dPCR & qPCR equipment, cost related to maintenance of these equipment’s will restrain market growth. Moreover, there are technical limitations and extensive competition between manufacturers to launch affordable products. The need for knowledge and skilled professional’s to handle PCR is also expected to hinder dPCR & qPCR market growth to a certain extent.
North America accounts for the largest share of the dPCR & qPCR market and is anticipated to hold its dominance during the forecast period. Increasing government initiatives for supporting genomics research in the region, growing incidences of infectious diseases as well as increasing genetic disorders, will also play a role in driving market growth. Moreover, rise in geriatric population, higher awareness about the latest healthcare technologies and strong presence of major PCR manufacturers in this region are among factors that play a significant role in driving market growth in these regions.
Some prominent players in the digital PCR (dPCR) and real time (q PCR) market include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., QIAGEN, Merck KGaA, F. Hofman-La Roche Ltd., Danaher, Takara Bio Inc., BD (Becton, Dickinson and Company), Meridian Life Science, Inc., Agilent Technologies, Inc. and others.
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