Digital PCR Market 2022-2031
New Study Reports “Digital PCR Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2031” has been Added on PMR.
This report provides in depth study of “Digital PCR Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Digital PCR Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Digital PCR Market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
As per Persistence Market Research’s latest revised industry analysis, the global digital PCR market was valued at US$ 131.9 Mn in 2020, and is expected to exhibit a CAGR of around 9.3% over the forecast period (2022-2031).
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Digital PCR, or dPCR, is a new quantitative PCR method that enables ultrasensitive and reproducible detection as well as quantification of nucleic acid. It is an alternative method to conventional real-time qPCR, where the amplification reaction remains same but the method of quantifying the target sample differs.
The report has profiled some of the important players prevalent in the global like – Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Fluidigm Corp, Formulatrix, Inc, JN Medsys and STILLA, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Digital PCR Market.
Rising awareness about advanced molecular diagnostics is set to enhance the utilization of dPCR. Molecular diagnostics, specifically nucleic acid-based techniques for the detection of infectious diseases are rapidly growing approaches in clinical diagnostic laboratories. These techniques have been evolving since their development, including advances in digital PCR technologies that can now aid in the precise diagnosis of life-threatening diseases such as cancer and Ebola. There are several digital PCR-based diagnostic kits and assays for multiple diseases that have been introduced in molecular diagnosis over the previous decade.
Increasing global funding in research & development is adjacent to driving the demand of digital PCRs. Application of PCR-based techniques in drug discovery, genomics, and personalized medicine has augmented its penetration to reach the field of point-of-care molecular diagnostics. To address the global disease burden, there is a recent surge in the expenditure that contributes to the research and development of disease-related scientific studies. The trend is also encouraging molecular diagnostic manufacturers to invest more and support ongoing research in government and non-profit organizations.
Additionally, the National Institute of Health (NIH) has started the precision medicine initiative to address the issues and time associated with disease diagnosis and treatment. As opposed to the ‘one-size-fits-all’ treatment approach, precision medicine is an innovative approach that considers variety in people’s genes, environments, and lifestyles. Implementation of precision medicine has led to new discoveries and several FDA approvals for treatments pertaining to specific characteristics of an individual.
Key Takeaways from Market Study
- By product, instruments are expected to hold over 70% market value share by the end of 2031, primarily because of the presence of key market players for production worldwide.
- Based on application, basic research is leading with nearly 35% market share, owing to extensive research opportunities in infection diagnosis and drug discovery.
- Research institutes dominated the end-user segment with a share of around 69.4% in 2020, due to increasing number of molecular biology companies focusing on infection diagnostics after the COVID-19 pandemic.
- By region, North America is slated to be the largest market with a value share of 35% by the end of the forecast period (2021 to 2031).
“Advancements in technology and application of digital PCR in drug discovery are anticipated to propel demand for as a measure for disease detection and prevention,” says an analyst of Persistence Market Research.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Digital PCR Market Manufacturers
Digital PCR Market Distributors/Traders/Wholesalers
Digital PCR Market Subcomponent Manufacturers
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Key Questions Answered in the Digital PCR Market Report
How is the Digital PCR Market expected to grow over the projected period?
What direction is the Digital PCR Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Digital PCR Market in future?
What are the key market drivers in the Digital PCR Market?
What are significant opportunities and improvement areas for Digital PCR Market manufacturers?
What are the key developments and trends taking over the Digital PCR Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Digital PCR Market?
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