According to the latest report by IMARC Group, titled “Polymerase Chain Reaction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global polymerase chain reaction market grew at a CAGR of around 7% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Polymerase chain reaction (PCR) is a molecular diagnostic technique that is employed to make numerous copies of a specific DNA sample. This allows scientists and medical professionals to amplify a small DNA sample to study it in minute details. This enables them to identify and culture disease-causing microorganisms for the detection of several medical conditions, such as tuberculosis, Lyme disease and Acquired Immunodeficiency Syndrome (AIDS). As a result, these techniques are widely utilized in genetics, biotechnology, drug discovery, molecular biology and clinical diagnostics.
Market Trends and Drivers:
The global polymerase chain reaction market is primarily driven by the increasing incidences of infectious diseases and genetic disorders across the globe. Along with this, there has been a considerable rise in the number of patients suffering from coronavirus disease (COVID-19). This has led healthcare professionals and scientists to adopt polymerase chain reaction (PCR) technologies for accurate diagnosis and early detection of infections while significantly reducing the risks of contamination and human errors during the entire process. Some of the other factors contributing to the market growth include the rising geriatric population, escalating preference for personalized and precision medicines, and continual advancements in the field of biotechnology.
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Competitive Landscape With Key Players:
The competitive landscape of the polymerase chain reaction market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Agilent Technologies Inc.
BD (Becton, Dickinson and Company)
Takara Bio Inc.
Thermo Fisher Scientific Inc.
BioMérieux (Institut Mérieux SA)
Bio-RAD Laboratories Inc.
F. Hoffmann-La Roche AG
Key Market Segmentation:
The report has segmented the global polymerase chain reaction market on the basis of product, end-user and region.
Breakup by Product:
Standard PCR Systems
Digital PCR Systems
Real-time PCR Systems
Reagents and Consumables
Software and Services
Breakup by End-User:
Academic and Research Institutes
Clinical Diagnostics Labs and Hospitals
Pharmaceutical and Biotechnology Companies
Breakup by Region:
Middle East and Africa
Key Highlights of the Report:
Market Performance (2014-2019)
Market Outlook (2020-2025)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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