USD 5341.6 billion
Report ID:
SQMIG35J2038 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
117
|Figures:
77
Digital PCR (dPCR) and Real-time PCR (qPCR) Market size was valued at USD 5341.6 billion in 2019 and is poised to grow from USD 5806.48 billion in 2023 to USD 12018.88 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
Real-time PCR and digital PCR are widely used to detect and quantify nucleic acids; and the applications of the techniques support measuring minor variants within the genetic material. The real-time PCR is a technique that is quite known to people, and is a well-established technology for the rapid, sensitive quantification of nucleic acid in various biological samples, while digital PCR delivers an absolute measure of target nucleic acid molecules. Each sample is partitioned into thousands of individual reactions (droplets for Droplet Digital™ PCR technology). The increasing prevalence of genetic and infectious diseases, technological advancement in PCR, forensic, & other research laboratories are propelling the growth of dPCR and qPCR market. Whereas, the technical limitations related with PCR and usage of alternative assays to discover diseases may likely obstruct the market growth.
US Digital PCR (dPCR) and Real-time PCR (qPCR) Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5341.6 billion
Largest Segment
Quantitative PCR (qPCR)
Fastest Growth
Quantitative PCR (qPCR)
Growth Rate
8.8% CAGR
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Global digital PCR (dPCR) and real-time PCR (qPCR) market is segmented based on the product, technology, application, end-user, and region. Based on product, global digital PCR (dPCR) and real-time PCR (qPCR) market is segmented into reagents and consumables, instruments, and software. Based on technology, the digital PCR (dPCR) and real-time PCR (qPCR) market is segmented into digital PCR (dPCR), and quantitative PCR (qPCR). Based on application, the digital PCR (dPCR) and real-time PCR (qPCR) market is bifurcated into research applications, clinical applications, and forensic applications. Based on end-user, the digital PCR (dPCR) and real-time PCR (qPCR) market is bifurcated as hospitals & diagnostic centers, research laboratories & academic institutes, clinical research organizations, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Digital PCR (dPCR) and Real-time PCR (qPCR) Market Analysis by Product
Based on product, global digital PCR (dPCR) and real-time PCR (qPCR) market is segmented into reagents and consumables, instruments, and software.
Among others, reagents and consumables is likely to hold the largest market share during the anticipated period due to their repeated usage and rising procurement for various clinical, research, the outbreak of the COVID-19 pandemic, increased demand for earlier detection of disease, and the number of top companies manufacturing digital PCR consumables and reagents. Also, the wide adopting of consumables and reagents are favouring the growth of the segment.
Digital PCR (dPCR) and Real-time PCR (qPCR) Market Analysis by Technology
Based on technology, the digital PCR (dPCR) and real-time PCR (qPCR) market is segmented into digital PCR (dPCR), and quantitative PCR (qPCR). The quantitative PCR (qPCR) is expected to hold the largest market share during the anticipated period due to the increasing demand for automated systems and point-of-care diagnostics, increasing adoption of qPCR over traditional PCR technology because of certain advantages including quick start-up time, better temperature control, and real-time measurement.
Digital PCR is an upgraded form of diagnostic technology for precise nucleic acid measurement, and is anticipated to grow at the highest growth rate during the forecasting years, as these systems possess higher sensitivity and accuracy than other PCR-based techniques, which is expected to drive the market forward throughout the forecast period. Furthermore, the increasing awareness of innovative Droplet Digital PCR tests is anticipated to increase the application expansion over the forecast period.
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North America is holding the largest market share with a revenue of more than 35.0% in 2021, and is still expected to retain the same during the forecast period, owing to the presence of supportive government regulations and various initiatives about the development of healthcare infrastructure, growing prevalence of infectious and genetic diseases in the region, and an availability of the key manufacturers in the region are all expected to drive the regional market over the forecast period. The United States and Canada are the prominent countries boosting the market growth.
Asia Pacific is the most productive market, and expected to grow at a fastest growth rate due to the presence of significant developments by Japan, and China for technological integration of PCR methodologies, development of healthcare, increasing elderly population along with rising incidence of genetic diseases, government support for life science research, increasing research & clinical trial outsourcing from the region, and rising number of contract research organizations (CROs).
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Digital PCR (dPCR) and Real-time PCR (qPCR) Market Drivers
Widespread of Various Infections to Boost demand for Digital PCR and Real-Time PCR
Digital PCR (dPCR) and Real-time PCR (qPCR) Market Restraints
Technical Issues can Hinder Market Growth during Forecast Period
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Global digital PCR (dPCR) and real-time PCR (qPCR) market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Digital PCR (dPCR) and Real-time PCR (qPCR) Market Top Player's Company Profiles
Digital PCR (dPCR) and Real-time PCR (qPCR) Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global digital PCR (dPCR) and real-time PCR (qPCR) market analysis, due to the increasing support for qPCR and dPCR technologies with funding, increasing cost reduction in gene sequencing, and an increasing requirement for rapid diagnostic tests, North America is currently dominating the global digital PCR (dPCR) and real-time PCR (qPCR) market. However, increasing cost of advanced PCR devices is hampering the growth of the digital PCR (dPCR) and real-time PCR (qPCR) market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5341.6 billion |
Market size value in 2031 | USD 12018.88 billion |
Growth Rate | 8.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Digital PCR (dPCR) and Real-time PCR (qPCR) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital PCR (dPCR) and Real-time PCR (qPCR) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital PCR (dPCR) and Real-time PCR (qPCR) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital PCR (dPCR) and Real-time PCR (qPCR) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Digital PCR (dPCR) and Real-time PCR (qPCR) Market size was valued at USD 5341.6 billion in 2019 and is poised to grow from USD 5806.48 billion in 2023 to USD 12018.88 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
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Report ID: SQMIG35J2038
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