The global PCR and realtime PCR testing market size is expected to grow from $18.5 billion in 2021 to $19.64 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The global PCR and realtime PCR testing market size is then expected to grow to $24.61 billion in 2026 at a CAGR of 5.8%.
What is the Global PCR and Realtime PCR Testing Market?
The polymerase chain reaction (PCR) and real-time polymerase chain reaction testing market consists of sales of PCR and real-time PCR testing services and its related products. Polymerase chain reaction and real-time polymerase chain reaction testing establishments manufacture, develop or deploy the related devices, reagents, and services, to detect and measure the DNA (or RNA) in a sample. It finds its applications in cloning, genotyping, mutation testing, paternity testing, sequencing, and microarrays.
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What drives the Global PCR and Realtime PCR Testing Market?
Early detection plays a key role in treating COVID-19 patients. The real-time RT-PCR technique is a highly sensitive and specific testing method that can deliver a reliable diagnosis in as fast as three hours, unlike the other laboratory tests that take an average of 6 to 8 hours. Real-time RT-PCR is significantly faster and has a lower potential for contamination or errors as the entire process is within a closed tube. Therefore, currently, it is considered to be the most accurate method available for the detection of coronavirus. This has created a huge demand for PCR testing kits.
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Global PCR and Realtime PCR Testing Market Segments
The global PCR and realtime PCR testing market is segmented:
By Product: Consumables and Reagents, Instruments, Software and Services
By Application: Clinical Diagnostics, Life Science Research, Industrial Applications, Others
By Technology: Quantitative PCR, Digital PCR
By End-User: Academic and Research Institutes, Pharmaceutical and Biotechnology, Clinical Diagnostics Labs and Hospitals, Others
By Geography: The regions covered in the PCR and realtime PCR testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
PCR and Realtime PCR Testing Global Market Report 2022provides market size and growth forecasts for the global PCR and realtime PCR testing market, global PCR and realtime PCR testing market share, PCR and realtime PCR testing market segments and geographies, PCR and realtime PCR testing market competitive landscape including leading competitors’ revenues, profiles and market shares. The PCR and realtime PCR testing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global PCR and Realtime PCR Testing Industry Playersinclude Abbott Laboratories, Agilent Technologies Inc., Biomerieux Sa, Bio-Rad Laboratories, F.Hoffmann-La Roche Ltd (Roche Diagnostics), Qiagen N.V., Genmark Diagnostics, Thermo Fisher Scientific Inc., General Electric Company (Ge Healthcare), and Danaher. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
