Digital PCR (dPCR) and Real-Time PCR (qPCR) Market Size to Reach Revenues of around USD 8 Billion by 2025 - Arizton

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market Size to Reach Revenues of around USD 8 Billion by 2025 - Arizton

PR Newswire

CHICAGO, Dec. 14, 2020

CHICAGO, Dec. 14, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global Digital PCR (dPCR) and Real-time PCR (qPCR) market report.

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The global Digital PCR (dPCR) and Real-time PCR (qPCR) market expected to grow at a CAGR of over 9% during the period 2019−2025.

Key Highlights Offered in the Report:  

  1. The qPCR segment accounted for the largest share with around 90% in the market in 2019 and it is primarily due to its increased adoption in clinical, research and forensic fields.
  2. The diagnostic laboratories segment accounted for the largest share in 2019 and is expected to further increase at an incremental growth of more than USD 980 million during the forecast period.
  3. The consumables segment accounted for the majority share in 2019 and is expected to increase significantly with more than 85% of absolute growth in the forecast period.
  4. North America accounted for the largest share of the market in 2019. This is due to the developed diagnostic infrastructure and lack of economic barriers due to the reimbursement and insurance options this region and is expected to grow with incremental growth of more than USD 1.3 billion during the forecast period.
  5. The PCR being the gold standard test for the COVID-19 diagnostics, the demand for the qPCR in the COVID-19 diagnostics has increased drastically worldwide.
  6. Vendors focusing on expanding the markets in the emerging countries through new product launches and strategic acquisitions are increasing the sales volume.

Key Offerings:

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Digital PCR (dPCR) and Real-Time PCR (qPCR) Market – Segmentation

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market by Product

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market by Application

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market by Technology

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market by End-user

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market – Dynamics

PCR became the method of choice for the detection of DNA and RT-PCR to detect RNA. PCR technology is revolutionizing the molecular diagnostics industry. The application of molecular diagnostics has steadily progressed from research-based highly complex tests once conducted in a few major laboratories to widespread adoption by a diverse range of end-users. The development of real-time PCR (qPCR) overwhelmingly expanded the role of molecular diagnostics in the healthcare sector. qPCR provides highly reliable quantitative molecular results and is one of the major reasons for expanding molecular diagnostic testing capabilities in POC settings going beyond high-complexity labs. Among several advanced and innovative diagnostic technologies/products available in the market, molecular diagnostic tests performed at POC settings or near the patient are considered breakthrough tests in recent years.

Key Drivers and Trends fueling Market Growth:

Digital PCR (dPCR) and Real-Time PCR (qPCR) Market – Geography

As North America and Europe being the mature markets, the usage and demand for advanced PCR instruments are higher compared to basic instruments, whereas in the APAC region, the demand and usage for both basic as well as advanced dPCR are increasing as both are equally preferred by the end-users. The growing economies with increased expenditure on the healthcare diagnostic segments are driving the demand for PCR instruments in the APAC region. In addition, the rising purchasing power of people for healthcare services and growing focus on early diagnosis and preventive medicine is also encouraging them to undergo diagnostics. Thus, all these factors together contribute to the rising demand for PCR in the APAC region. China, Japan, India, South Korea, and Australia are the major revenue contributors to the APAC market. APAC is the third-largest market for the qPCR and dPCR after North America and Europe across the globe.

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Digital PCR (dPCR) and Real-Time PCR (qPCR) Market by Geography

Major Vendors

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Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

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