Polymerase Chain Reaction Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Healthcare

The global Polymerase Chain Reaction market size is expected to be worth around US$ 16.4 billion by 2028, according to a new report by Vision Research Reports.

The global Polymerase Chain Reaction market size was valued at US$ 4.6 billion in 2020 and is anticipated to grow at a CAGR of 17.7% during forecast period 2021 to 2028.

Growth Factors

High adoption of technology supported by the introduction of products based on polymerase chain reaction (PCR) for screening and diagnosis of infectious diseases is anticipated to drive the growth of the market. For instance, in March 2020, Bruker Corporation announced a distribution agreement with the subsidiary of Novacyt SA for the distribution of genesig real-time PCR coronavirus assay in the U.S., the U.K., Spain, France, and Germany.

Furthermore, the COVID-19 outbreak has increased the growth rate of polymerase chain reaction technology. Several kinds of research are being conducted for proving the accuracy of the PCR test. For instance, in March 2020, researchers of the Center for Advanced Measurement Science worked with Chongqing University in collaboration with the Centers for Disease Control and Prevention (CDC) of Wuhan and Beijing for detecting the sensitivity of dPCR kits. In addition, two more studies were conducted in China that suggested improved sensitivity as compared to gold standard RT-qPCR. Moreover, in March 2020, Bio-Rad Laboratories developed a dPCR test for the detection of the SARS-CoV-2 virus.

Furthermore, an increase in collaborations for the development of software is anticipated to drive the PCR market. For instance, in October 2019, Eurofins GeneScan Technologies GmbH announced a collaboration with UgenTec for the development of assay plugins to be used in FastFinder, the company’s real-time PCR analysis software platform. The partnership is expected to allow Eurofins to deploy its assays on a scale with included analysis and automated reporting of results, ensuring fast sample-to-result times required in feed, food, and seed testing.

Report Highlights

The other segment dominated the polymerase chain reaction market and accounted for the largest revenue share of 69.5% in 2020. Other types of PCR consist of real-time PCR (qPCR), digital PCR (dPCR), multiplex, and ultrafast PCR. One of the factors responsible for the dominance of this segment is the increasing adoption of due to their rapid detection of infections and pathogens, as compared to conventional technologies. Other factors favoring this segment include higher sensitivity and resolution, the scope for automation, and high usage in gene expression analysis and genotyping as a validation tool.

In addition, the development and launch of new technologies in this segment are expected to accelerate segment growth over the forecast period. This includes plasmonic PCR, which is a low-cost solution that can detect infections and pathogens faster than the existing PCR technologies.

The consumables and reagents segment accounted for the largest revenue share of 62.5% in 2020, owing to significant demand for genetic testing and availability of technologically advanced diagnostic tests in countries with unmet clinical needs. In addition, the launch of new products is likely to contribute to the growth of the segment. For instance, in March 2018, Biocore Co. Ltd. introduced the first dPCR-based NIPT kits for the diagnosis of chromosomal abnormalities

The medical segment accounted for the largest revenue share of 77.8% in 2020 and is anticipated to maintain its dominance over the forecast period. This growth is due to its advantages in research and other applications, such as detecting and quantifying low-frequency mutations and low levels of pathogens with higher sensitivity. Moreover, increasing the adoption of PCR in diagnostic centers and hospitals is propelling segment growth.

increasing research collaborations coupled with initiatives are expected to contribute to the PCR market growth. In May 2020, Xiamen University, in collaboration with the Chinese University of Hong Kong and the University of Connecticut, was engaged in the development of an experimental procedure for developing and validating a qPCR assay for the detection of Symbiodiniaceae genera. Furthermore, sxtA-based qPCR tests were proved to be effective against Alexandrium catenella in 2020.

Increasing adoption of PCR for food safety, water contamination, and detecting infection & pathogens in environmental and agriculture sample is expected to boost the market growth. For instance, TaqMan Environmental Master Mix 2.0 amplify & analyze (cDNA) complementary DNA and DNA targets in various environmental samples. The assay can be performed on StepOne or StepOnePlus Real-Time PCR System, and Applied Biosystems’ 7300/7500/7500 Fast Real-Time PCR System & 7900HT/7900HT Fast Real-Time PCR System.

North America dominated the market and accounted for the largest revenue share of 44.10% in 2020. Favorable government initiatives coupled with flexible regulatory guidelines are anticipated to propel market growth in the region. For instance, in February 2020, the Department of Health and Human Services announced the authorization of the emergency use of diagnostics for the detection of COVID-19. This authorization increased the number of diagnostics product launches in the region.

The Asia Pacific is estimated to be the fastest-growing segment over the forecast period owing to the increasing utilization of medical tests to detect SARS-CoV-2. For instance, as of 9th October 2020, approximately 2.3 million people had undergone PCR tests in Japan. Till April 2020, there were only 0.2 million people who had used PCR tests for COVID-19. Furthermore, the provisional approval of kits to detect COVID-19 is expected to boost the market during the forecast period. For instance, around 34 PCR tests have received provisional authorization from Singapore’s Health Sciences Authority.

Key Players

  • Abbott

  • Qiagen

  • Thermo Fisher Scientific, Inc.

  • Bio-Rad Laboratories, Inc.

  • BioMérieux SA

  • F. Hoffmann-La Roche Ltd

  • Agilent Technologies, Inc.

  • Fluidigm Corporation

Market Segmentation

  • Type Outlook 

    • Conventional PCR

    • Others

  • Product Outlook 

    • Consumables & Reagents

    • Instruments

    • Software & Services

  • Application Outlook 

    • Medical

      • Clinical

        • Pathogen Testing

        • Oncology testing

        • Blood Screening

        • Others

      • Research

      • Forensic and others

    • Non-Medical

      • Food

      • Others

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Polymerase Chain Reaction market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Polymerase Chain Reaction market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Polymerase Chain Reaction market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Polymerase Chain Reaction market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Polymerase Chain Reaction market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Polymerase Chain Reaction capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Polymerase Chain Reaction by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Polymerase Chain Reaction market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Polymerase Chain Reaction market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Polymerase Chain Reaction market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Polymerase Chain Reaction industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Polymerase Chain Reaction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Polymerase Chain Reaction market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Polymerase Chain Reaction market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Polymerase Chain Reaction market. These factors have benefited the growth of the global market for Polymerase Chain Reaction. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Polymerase Chain Reaction. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Polymerase Chain Reaction are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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