Digital PCR Market Size to Grow USD 1,305.30 Million by 2030 at a CAGR of 8.6% | Valuates Reports
BANGALORE, India, Jan. 4, 2024 /PRNewswire/ -- Digital Polymerase Chain Reaction (PCR) Market is Segmented by Technology (Droplet Digital Pcr, Chip Based Digital Pcr, Beaming Digital Pcr), by Product Type (Digital Pcr Systems, Consumables And Reagents, Software And Services), by Application (Research, Clinical Diagnostics, Forensic And Others), by End User (Pharmaceuticals And Biotechnology Industries, Clinical Diagnostic Laboratories, Universities And Other Organizations).
The Global Digital PCR Market is projected to reach USD 1,305.30 Million by 2030, growing at a CAGR of 8.6%.
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Major Factors Driving the Growth of Digital PCR Market:
The demand for accurate nucleic acid quantification, growing applications in clinical diagnostics, increased research and development activities, significant investments and funding support, growing adoption in agricultural biotechnology, strategic collaborations among industry players, increased awareness and education, and a global embrace of precision medicine are some of the factors driving the growth of the Digital PCR (dPCR) market. All of these elements work together to promote the growing use of digital PCR in many industries, helping it to become a major force in the field of molecular diagnostics.
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TRENDS INFLUENCING THE GROWTH OF DIGITAL PCR MARKET
One of the main factors driving the digital PCR market forward is the growing necessity for accurate and absolute nucleic acid measurement. Digital PCR offers unmatched precision in areas such as clinical diagnostics, where precise measurement of DNA and RNA quantities is crucial. The capacity to measure target molecules without depending on standard curves, which is frequently necessary for conventional PCR, makes dPCR a desirable option for scientists looking to get consistent and dependable outcomes in their studies. Because of digital PCR's great sensitivity and accuracy, it is becoming increasingly used in clinical diagnostics. The use of technology in the detection and tracking of a wide range of diseases, such as genetic abnormalities, cancer, and infectious diseases, is growing.
The life sciences industry is experiencing a spike in research and development, which is driving the expansion of the digital PCR market. Researchers are investigating new uses and streamlining current methods as technology advances. Digital PCR techniques are constantly being improved, and new assays are being created, which increases the technology's applicability across a range of scientific fields and accelerates industry expansion. The expansion of the digital PCR industry is mostly being driven by investments and financial assistance from public and commercial entities as well as venture capitalists. Companies in the industry are able to improve product development, increase market share, and make investments in marketing and distribution networks thanks to these financial resources. The increase in capital is stimulating innovation and quickening the global use of digital PCR technology.
In the realm of agricultural biotechnology, the use of digital PCR is growing. Technology is being used by researchers and farmers to guarantee the safety and quality of agricultural goods. Increased crop yields and food safety are facilitated by the accurate measurement of pollutants, diseases, and genetically modified organisms (GMOs) made possible by digital PCR.
The need for sophisticated molecular diagnostic instruments like digital PCR is increasing due to the global move towards precision medicine, where treatment decisions are customized to individual patients based on their genetic composition. The digital PCR market is anticipated to rise steadily as precision medicine becomes more commonplace in healthcare, primarily due to its capacity to deliver precise and dependable genetic data for customized treatment strategies.
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DIGITAL PCR MARKET SHARE ANALYSIS
North America accounted for the largest portion of the worldwide digital PCR market in 2020 and is predicted to continue to do so throughout the course of the forecast period due to the region's well-established infrastructure, important manufacturers involved in the development of digital PCR instruments, and rising cancer prevalence. Asia-Pacific, however, is anticipated to have the greatest CAGR of 10.6% because of a huge population base, rising hospital numbers, and a higher cancer prevalence.
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Key Companies:
- Bio-Rad Laboratories Inc
- Fluidigm Corporation
- Combinat
- JN Medsys
- Merck KGaA
- QIAGEN N V
- Stilla Technologies
- Sysmex Corporation
- Thermo Fisher Scientific Inc
- Avance Biosciences
- Precigenome
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Digital PCR (DPCR) and QPCR market size is forecast to be a readjusted size of US$ 2165.8 million by 2028 with a CAGR of 7.3%.
- Digital PCR Reagents and Consumables market is projected to reach US$ 8901.7 million in 2029 with a CAGR of 10.8% during the period of 2023 to 2029.
- Droplet Digital PCR System Market
- Digital PCR Instrument Market
- Standard PCR Instrument Market
- Polymerase Chain Reaction (PCR) Sequencer Market
- PCR Equipment market is projected to reach US$ 1230.7 million in 2029 with the CAGR of 6.7%.
- Digital Companion Diagnostics Market
- Fast PCR Detection Technologies Market
- COVID-19 RT-PCR Detection Kits Market
- Real-time PCR (QPCR) Instrument & Reagent market is anticipated to reach US$ 9827.8 million by 2029, witnessing a CAGR of 6.2%.
- IVD (In Vitro Diagnostic) Raw Materials Market
- PCR and Real-time PCR Molecular Diagnostics Market
- Outsourced Sales Service market to reach US$ 3707.9 million by 2029, witnessing a CAGR of 4.2%.
- Multiplex PCR Amplification Kit Market
- PCR-qPCR Experiment Consumables Market
- Polymerase Chain Reaction (PCR) Products Market
- GPCR-targeting Drug market is anticipated to reach US$ 485.3 million by 2029, witnessing a CAGR of 2.6%.
- AI In Vitro Diagnostic Market
- Companion Diagnostics market is projected to reach US$ 9608.1 million in 2029, with the CAGR of 13.2%.
- Reverse Transcription Polymerase Chain Reaction Kits Market
- PCR Machine market size is expected to reach US$ 2460.2 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029.
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