PCR And Real-Time PCR Molecular Diagnostics Industry Is Pred...| MENAFN.COM

Wednesday, 08 February 2023 10:48 GMT

PCR And Real-Time PCR Molecular Diagnostics Industry Is Predicted To Progress At A CAGR Of 4.1% By 2033

(MENAFN- Ameliorate Digital Consultancy)

The global PCR and real-time PCR molecular diagnostics market is predicted to progress at a CAGR of 4.1% from 2023 to 2033. The market is valued at US$ 5 billion in 2023 and is thereby expected to reach US$ 7.5 billion by 2033-end.

Testing for infectious diseases is likely to increase as the years go by, attributed to the high prevalence of sexually-transmitted infections, respiratory infections, and hepatitis C and B. The use of polymerase chain reaction (PCR) molecular diagnostics has significantly increased in recent years. When it comes to identifying pathogenic DNA for many communicable diseases, PCR testing is immensely effective. The reach of PCR and RT-PCR tests is being expanded to find cures for serious illnesses.

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Competitive Landscape

Leading companies in the global PCR and real-time PCR molecular diagnostics market are focusing on the local supply of diagnostic tools, safety regulations, and product standards to remain afloat. They are also making collaborations with other players, government agencies, and research institutes to deepen their geographical presence.

Top market players are concentrating on quality control by introducing advanced testing kits to lower the environmental impact. Key PCR and real-time PCR molecular diagnostic device providers should focus on supply chain management to gain a competitive edge in the market.

For instance :

  • Abbott Laboratories received an emergency use authorization (EUA) from the U.S. FDA to introduce its RealTime SARS-CoV-2 assay based on PCR for qualitative nucleic acid detection.
  • In March 2020, Bio-Rad Laboratories partnered with testing labs worldwide to develop and implement RT-PCR products for the detection of novel coronavirus. The extensive use of these products is the Assurance Scientific Laboratories in Birmingham, Alabama. It uses Bio-Rad's CFX384 Touch Real-Time PCR Detection Systems.

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Key Companies Profiled:

  • Abbott Laboratories
  • Bio-Rad Laboratories
  • Danaher Corporation
  • Hologic, Inc.
  • Genomic Health
  • Seegene, Inc.

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Key Segmentation :

  • By Technology :
    • Traditional PCR
    • Real-time PCR
    • Digital PCR
  • By Product :
    • Instruments
    • Reagents
    • Consumables
  • By Application :
    • Infectious Disease Testing
    • Oncology Testing
    • Genetic Testing
    • Others
  • By End User :
    • Hospitals
    • Diagnostic Laboratories
    • Academic & Research Centers
    • Others
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Questionnaire answered in the report include:

  • How the industry has grown?
  • What is the present and future outlook on the basis of region?
  • What are the challenges and opportunities?
  • Why the consumption in region?
  • In which year segment is expected to overtake segment?

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