Global Real Time PCR qPCR Market Overview:
A real-time polymerase chain reaction, also referred to as a quantitative polymerase chain reaction, is a molecular biology laboratory technique that uses the polymerase chain reaction. It tracks the amplification of a specific DNA molecule during the PCR process, rather than at the end, as in traditional PCR.The growth of the real-time PCR (qPCR) market is aided by technological advances in the form of superior qPCR systems and the increasing prevalence of targeted diseases. Consistent efforts by PCR manufacturers to develop novel systems and kits for molecular testing, combined with increasing R&D investments by key manufacturers, are expected to propel the real-time PCR (qPCR) market forward.Furthermore, the growing number of biotechnology and pharmaceutical industries focusing on the use of advanced methods for the diagnosis of various diseases is expected to fuel the real-time PCR (qPCR) market's rise. Furthermore, the latest outbreak of COVID-19, which has now become a global pandemic, would undoubtedly have an effect on the industry. Furthermore, initiatives such as the Indian government's approval of 12 rapid antibody test kits for COVID-19 diagnosis are boosting the real-time PCR (qPCR) market significantly.
As per latest study released by AMA Research, the Global Real Time PCR qPCR market is expected to see growth rate of 8.1%Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increase in the Prevalence of Infectious Diseases Such As HIV, Malaria, And Hepatitis, And Genetic Disorders Such As Syndromes And Cancer
- Technological Advancements in PCR Technologies
Roadblocks
- Risk of eliciting false-negative and false-positive results
Opportunities
- Increasing Demand Due to the Rise in COVID-19 Cases Around the World
- Increased Investment in Healthcare Industry
Challenges
Competitive Landscape:
The market is highly competitive with several global and local players present in the market. With the ongoing pandemic the demand has increased, hence all major players are trying to manufacture using new technologies and gain a competitive edge over others.
Some of the key players profiled in the report are Thermo Fisher Scientific (United States), Bio-Rad Laboratories Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Abbott Laboratories (United States), Analytik Jena AG (Switzerland), bioMérieux SA (France), Danaher Corporation (United States), Eppendorf (Germany), Fluidigm Corporation (United States) and Merck KGaA (Germany). Additionally, following companies can also be profiled that are part of our coverage like Molbio Diag. Pvt Ltd (India), Kilpest India Ltd(India) and Cosara Diagnostics Pvt. Ltd (India). Analyst at AMA Research see United States Players to retain maximum share of Global Real Time PCR qPCR market by 2027. Considering Market by End-Use, the sub-segment i.e. Scientific Research will boost the Real Time PCR qPCR market.
Latest Market Insights:
In Apr 2020, Empirical Bioscience revealed their QuanTASE and QuanTASE PLUS One-Step RT-qPCR Kits under the testing protocol CDC. These kits help in identifying genetic material from the SARs-CoV-2 virus in one step. This kit converts the CoV-2 RNA to DNA and helps in detecting the presence of pathogenic material in patient samples.
In 2020 - Thermo Fisher Scientific, Inc received US FDA emergency use authorization (EUA) for SARS‑CoV‑2 multiplex real-time PCR test and In 2020 - BioMérieux S.A. received the CE Mark approval for SARS-CoV-2 R-GENE tests to include saliva specimens. The company also received emergency use authorization for the BioFire COVID-19 test.
What Can be Explored with the Real Time PCR qPCR Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Real Time PCR qPCR Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Real Time PCR qPCR
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Real Time PCR qPCR market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Real Time PCR qPCR market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Real-Time PCR Kit Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.