According to the report Polymerase Chain Reaction Market, published by Market Data Forecast, the global market is projected to reach USD 10.5 billion by 2021, at a CAGR of 6.60 % from 2016 to 2021.
Polymerase chain reaction is a technique used in molecular biology to amplify a single copy of a segment of DNA across many orders of magnitude, generating thousands to even millions of copies of a particular DNA sequence. It is a very easy, cheap, and reliable way to repeatedly replicate a particular segment of DNA, a concept which is applicable to numerous fields in modern biology and related biological sciences.
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Almost every PCR application employs a heat-stable DNA polymerase, such as a Taq polymerase, an enzyme which is originally isolated from a thermophilic bacterium. This DNA polymerase enzymatically assembles a new DNA strand from the respective free nucleotides, which are the building blocks of DNA, by using single-stranded DNA as the template and DNA oligonucleotides to initiate DNA synthesis.
Polymerase Chain Reaction Market: Drivers & Restraints
Cell based assay market growth is likely to propagate in the future as per current trends of increase in the global geriatric population. That, along with the increasing predominance of chronic diseases is boosting the demand for the solutions which are only possible through PCR. Technological advancements in the field of life sciences have been made possible with increased government spending on healthcare as well as private investments, finances and grants for PCR based research. The market is being restrained by the high cost dPCR instruments as well as the limitations related with qPCR and dPCR. In addition, the usage of Minimum Information for the publication of quantitative real time PCR experiments is another key challenge being faced by the industry.
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Polymerase Chain Reaction Market: Segmentation
- PCR consumables
- PCR instruments
- DNA fingerprinting
- DNA Sequencing
- DNA cloning
- Gene expression
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Polymerase Chain Reaction Market: Overview
The polymerase chain reaction technique is a powerful biologic tool that can simplify the diagnosis of many infectious diseases. However, PCR is not without limitations and is an inappropriate tool in diagnosing some diseases as evident from the market developments.
The invention and refinement of the polymerase chain reaction techniques have revolutionized the detection of specific genetic materials. In equine medicine, as in many other areas of medicine, this powerful technique has transformed pathogen identification methodologies. PCR can also amplify the genetic material from any pathogen, but the clinician cannot assume that every PCR test will yield more valid results than other conventional diagnostic methods. If the test is properly designed, a PCR can be extremely sensitive and specific enough that it can often identify a specific pathogen at much smaller concentrations than any other conventional diagnostic methods. However, a false-negative or false-positive test results can occur secondary to inhibition of the reaction.
Polymerase Chain Reaction Market: Region-wise Outlook
On the basis of geography, the global Polymerase Chain Reaction market is analyzed under the various regions of North America, Europe, Asia-Pacific and Rest of the World. Geographically, the North American region represented the largest share of worldwide PCR market in 2015 and is followed by Europe. These two regions are relied upon to hold their positions all through the forecast period of 2016 to 2021. The North American region was among the first to pioneer, support, and implement the PCR based applications for the diagnosis of irresistible sicknesses like HIV. The Asia Pacific area is required to speak to the most elevated development rate during the forecast period.
Key Questions Answered
- Among the many uses of PCR, which application is the most valuable to the current Healthcare market?
- Which product segment or application must be developed to meet the current demands of drug discovery in the healthcare industry?
- Are the product segments focusing on finding cures for diseases such as HIV getting enough attention in terms of resources dedicated to R&D?
- How will the increase in government spending on healthcare in the rapidly growing countries of APAC affect the global market?
- What is the status of the current competitive landscape in the Polymerase Chain Reaction market?
- Which companies are currently dominating the market right now? What is the best market entry strategy to be followed for new entrants?
Polymerase Chain Reaction Market: Key Players
Some of the top companies dominating the market, in terms of both their products and services include Roche Diagnostics, Sigma-Aldrich Corporation Beckman Coulter, Becton Dickinson, Thermo Fisher Scientific, Agilent Technologies, Abbott Laboratories Bio-Radand QIAGEN are a portion of the key players working in this market.
Reasons to buy Polymerase Chain Reaction Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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