Segmented by type (Droplet Digital PCR, Chip-Based Digital PCR, Other), by Component (Systems, Kits and Assays, Reagents and Consumables), by Application (Oncology, Infectious Diseases, Rare Diseases, Reproductive Genetics, Other), by end user (Academic and research institutions, biotech and pharmaceutical companies, hospitals and clinics, others), by region and by competition.
New York, July 10, 2023 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of Report “Digital PCR Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” – https://www .reportlinker .com/p06474208/?utm_source=GNW
The global Digital PCR market is anticipated to witness a steady CAGR growth during the forecast period 2024-2028. This can be attributed to the increasing prevalence of various types of cancer such as blood cancer, lung cancer and brain tumor and increasing demand for health care expenditure of people in developing countries.
Furthermore, the growing demand for early and accurate diagnosis of various diseases worldwide has significantly increased the demand for molecular diagnostics, thus supporting the growth of the global digital PCR market. Furthermore, advances in digital PCR technology and an increasing number of product launches increased the demand for the digital PCR market over the forecast period.
The demand for R&D for the development of advancement in PCR technology and the increase of collaboration agreements among companies for the development of digital PCR stimulate the global digital PCR market for the forecast period. According to the World Health Organization (WHO), 273 million cases were diagnosed in December 2021 and an estimated 5.3 million deaths were reported globally from COVID-19.
Increasing adoption of digital PCR devices
Despite the growing incidence of infectious diseases, cancer and genetic diseases worldwide and the increasing prevalence of these conditions in emerging countries, the adoption of digital PCR techniques is limited in urban regions. However, initiatives undertaken by key players to raise awareness of the availability of digital PCR, increased investment and initiatives by government organizations for diagnosing various chronic diseases, and establishment of a strong distribution network will boost growth overall market over the forecast period.
Furthermore, the advancement in digital PCR technology, along with droplet and chip-based PCR among others, is expected to create new market growth prospects in the coming years. Furthermore, the growing adoption of digital PCR in laboratories for the detection of genetic mutation detection of pathogens, among others, is expected to support the growth of the market in the coming years.
Additionally, the growing applications of the products in food microbiology and veterinary medicine will drive the digital PCR market over the forecast period. Furthermore, the sudden outbreak and spread of the COVID-19 pandemic and the widespread use of different types of PCR devices in COVID-19 testing have created new prospects for the growth of different types of PCR markets including the PCR market digital PCR.
In 2022, a total of 96,091,120 cases of COVID-19 were counted in the United States.
Increasing fund for digital PCR R&D
Due to the COVID19 pandemic, an unexpected demand for digital PCR has increased in the healthcare sector and research institutes. The pandemic has played a major role in enhancing the growth of the digital PCR market.
The prevalence of infectious diseases such as cancer has also increased, which explains the need for diagnosis and detection of the disease. For this reason, funding for research and development has also increased.
Increasing funding for R&D activities that include the use of digital PCR and chip-based PCR for different purposes will increase their usage and open up new opportunities for global market expansion during the forecast period.
Market segmentation
The global digital PCR market is segmented into type, component, application, end user, and by region. Based on the type, the market can be segmented into Droplet Digital PCR, Chip-Based Digital PCR, and others.
On the basis of components, the market can be segmented into systems, kits and assays, reagents, and consumables. Based on the application, the market can be differentiated into oncology, infectious diseases, rare diseases, reproductive genetics, and others.
Based on the end user, the market can be segmented into academic and research institutes, biotech and pharmaceutical companies, hospitals and clinics, and others. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East and Africa and South America.
In terms of country, the US region is dominating the global globe in the digital PCR market. According to Worldometer, as of December 26, 2022, approximately 102,236,095 confirmed cases of COVID-19 have been reported in the United States. This can be attributed to the increasingly cost-effective COVID-19 testing technology in the healthcare sector.
Market leaders
Bio-Rad Laboratories, Inc., Fluidigm Corporation, F. Hoffmann-La Roche AG, Merck KGaA, QIAGEN NV, Thermo Fisher Scientific Inc., Genetron Holdings Limited, Naveris, Inc., SAGA Diagnostics, Precigenome LLC are some of the major players operating in the global digital PCR market.
Scope of the report:
In this report, the global digital PCR market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Digital PCR Market, by Type:
or Digital Droplet PCR
o Chip based digital PCR
or Others
Digital PCR Market, by Component:
or Systems
o Kits and essays
or Reagents
o Consumables
Digital PCR Market, by Application:
or Oncology
o Infectious diseases
o Rare Diseases
o Reproductive genetics
or Others
Digital PCR Market, by End User:
o Academic and research institutions
o Biotechnology and pharmaceutical companies
o Hospitals and Clinics
or Others
Digital PCR Market, by Regions:
or North America
United States
Mexico
Canada
or Europe
France
Germany
United Kingdom
Italy
Spain
or Asia Pacific
China
India
South Korea
Japan
Australia
or South America
Brazil
Argentina
Colombia
o Middle East and Africa
South Africa
Saudi Arabia
United Arab Emirates
Egypt
Turkey
Competitive landscape
Company Profiles: Detailed analysis of key companies in the global digital PCR market.
Customizations available:
With the market data provided, we offer customizations based on a company’s specific needs. The following customization options are available for the report:
Company information
Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06474208/?utm_source=GNW
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