Polymerase Chain Reaction (PCR) Market Size will Grow Profitably in
the Near Future

Transparency Market Research (TMR) has published a new
report titled, “Polymerase
Chain Reaction (PCR) Market: Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2018–2026.” According to the report, the global PCR market is projected to reach over US$ 7.0 Bn by 2026 expanding
at a considerable CAGR from 2018 to 2026. North America is expected to dominate
the global PCR market during the forecast period, due to high adoption of
technologically advanced molecular diagnostic products, growing incidence of
infectious diseases, rising prevalence of various types of cancer, growing
trend of self-diagnosis of diseases, and affordability of high-cost testing
processes for people in the region.

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Reagents
Segment to Dominate the Global PCR Market

The report
offers detailed segmentation of the global PCR market based on product and
end-user. In terms of product, the market has been segmented into instruments,
reagents, and consumables. The reagents segment held the leading market share
in the year 2017 and is expected to expand at the highest CAGR during the
forecast period. This is attributable to high consumption of reagents for the PCR
technique. Introduction of advanced reagents specific to the type of test is
expected to boost the global demand for PCR reagents in the near future. PCR
reagents include template DNA, PCR primers and probes, dNTPs, PCR buffers,
enzymes, and master mixes. PCR consumables mostly include PCR tubes, plates,
and other accessories required to conduct PCR reactions. The instruments
segment has been sub-categorized into standard PCR systems, RT PCR systems, and
digital PCR systems. Among these, the digital PCR systems sub-segment is
expected to witness growth at a significantly rapid pace during the forecast
period. This is attributable to advantages of digital PCR systems such as
precision, sensitivity, accuracy, reproducibility, direct quantification and
multiplexing, and speed of the analysis.

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Pharmaceutical & Biotechnology
Industry Segment Held a Major Share of the Global PCR Market in 2017

The PCR
technique has been found to be useful in pharmaceutical and biotechnology
research activities as well as microbial quality testing. The technique is also
applied in genetic engineering. Genetic engineering is the key driver for the
global PCR market. It is used to identify genes related to certain phenotypes
including genetic disorders. Regular testing of the microbial load of raw
materials and finished products is an important process in the pharmaceutical
& biotechnology industry. Sophisticated analytical methods such as
polymerase chain reaction (PCR) have been widely applied for quality control
analysis in the pharmaceutical sector.

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Market in Asia Pacific to Expand at
a High CAGR

Molecular
diagnosis has revolutionized the modern diagnosis technology. PCR has become a
method of choice in early and accurate detection of diseases. Expansion by
leading manufacturers of PCR products in the Asia Pacific region by
strengthening of the distribution network and new product launches in
developing countries of Asia Pacific are key factors likely to drive the PCR
market in the region during the forecast period. Moreover, rise in the
incidence of cancer and infectious diseases has resulted in increase in the
demand for use of the PCR technique in clinical diagnosis of these diseases in
Asia Pacific. For instance, according to the Korea Central Cancer Registry
published in 2016, there were 217,057 cancer cases in South Korea in 2014.
Moreover, in 2016, the WHO estimated that the Asia Pacific region has the
second-highest number (i.e. 5.1 million) of people living with HIV across the
world. Thus, Asia Pacific is expected to be the most lucrative market for PCR
by 2026.

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Competition Landscape

Major
players operating in the global PCR market are Bio-Rad Laboratories, Inc.,
QIAGEN N.V., F. Hoffmann-La Roche AG, Thermo Fisher Scientific, Inc. Becton,
Dickinson and Company, Abbott, Siemens Healthcare GmbH (Siemens AG), bioMérieux
SA, Danaher Corporation, and Agilent Technologies. Key players are expanding
their product portfolio through mergers and acquisitions and partnerships and
collaborations with leading pharmaceutical and biotechnology companies and by
offering technologically advanced products.

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