USD 5.95 Billion
Report ID:
SQMIG35G2206 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|Tables:
89
|Figures:
76
Digital PCR Market size was valued at USD 8.5 Billion in 2023 and is poised to grow from USD 9.27 Billion in 2024 to USD 17.29 Billion by 2032, growing at a CAGR of 9.02% during the forecast period (2025-2032).
Growth in the global digital PCR market, or Polymerase Chain Reaction, can be attributed to the heightened demand for precise and sensitive quantification and analysis of nucleic acids. Digital PCR is indispensable in research applications, diagnosis of illness, and genetic testing because of its unparalleled sensitivity and accuracy. The aim of the market is to provide cutting-edge molecular diagnostic solutions that allow medical professionals, academic institutions, and researchers to obtain proper and dependable findings leading to enhanced patient care and scientific breakthroughs. The key drivers for the market are an escalating incidence of infectious diseases and genetic abnormalities, a demand for tailored therapy, and progress achieved in genomic research. Apart from these, other barriers in the market are costly digital PCR instruments and limited end-user knowledge. Two of the latest major developments in the industry also involve the development of multiplex digital PCR assays that permit detection of many targets simultaneously, and the integration of digital PCR with next-generation sequencing technologies. Factors such as increased adoption of digital PCR in developing countries, growing applications in the diagnosis of infectious diseases and cancer, and new product launches with advanced features are currently driving the market despite immense hurdles.
Global Market Size
USD 5.95 Billion
Largest Segment
droplet digital PCR (ddPCR)
Fastest Growth
droplet digital PCR (ddPCR)
Growth Rate
9.02% CAGR
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Global Digital PCR Market is segmented based on offering, end user, application, and region. Based on offering, the market is segmented into qPCR Offering [qPCR Products (qPCR Reagents and Consumables, qPCR Instruments), qPCR Software, dPCR Services], dPCR Offerings [dPCR Reagents and Consumables, dPCR Instruments (Droplet digital PCR, Chip-based digital PCR, Beaming digital PCR), dPCR Software, dPCR Services]. Based on end user, the market is segmented into qPCR End Users and dPCR End Users [Hospitals and Diagnostic Laboratories, Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, CROs and CDMOs, Forensic Laboratories, Other End Users]. Based on application, the market is segmented into Clinical Applications [Infectious Disease Testing, Oncology Testing, Blood Screening, Transplant Diagnostics, Other Clinical Applications], Research Applications [Single-cell analysis, Stem cell research, Gene expression, Others], Forensic Applications, Environmental Applications, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Digital PCR Market Analysis by Product
With the biggest market share in the global digital PCR market in 2023, the instruments category is anticipated to develop at a significant compound annual growth rate (CAGR) throughout the course of the forecast period. This growth may be due to the fact that increased efforts by industry players are now going into developing new products, and higher usage of the digital PCR devices in several industries. For instance, F. Hoffmann-La Roche AG recently unveiled its latest Digital LightCycler System in August 2023 with the intention of further advancing clinical research to predict infections, hereditary diseases, and cancer. Apart from improving the accuracy of diagnosis, continuous instrumentation improvement fosters a digital PCR method to gain popularity and appreciation within clinical and research settings.
Throughout the projection period, the reagents & consumables sector is anticipated to grow at the fastest rate, mostly due to the growing commercialization of digital PCR kits used for diagnostic purposes. The permitting of kits on digital viral detection techniques by the government due to the COVID-19 pandemic has resulted in increased demand for this diagnostic equipment. The increased focus on molecular diagnostics increased investment and research in the reagents industry. For instance, QIAGEN introduced the new QIAcuity digital PCR kits in November 2023 to help towards the improvement of food safety, and to support biopharmaceutical clients. This was a reflection of the ever-increasing demand for reliable and efficient diagnostic solutions in many spheres of industry.
Digital PCR Market Analysis by Indication Analysis
In the genetic diseases segment, the digital PCR market held a leading position in 2023 and, during the forecast period of 2024 to 2032, is expected to have modest compound annual growth rate development. Recently, DNA machines for digital PCR are gaining popularity, as the sensitivity and specificity in detection of such machinery are quite excellent, and henceforth, gene changes are being detected through these instruments. It simply means a 2023 article of the National Library of Medicine reported that the sensitivity of RT-qPCR rapid test was only 37.9% and with specificity at 65.5%. Such performance indices depict advantages in the application of digital PCR for accurate diagnosis of genetic abnormalities, thus bettering patient care as well as the research capacity.
It is anticipated that the oncology market would grow at a significant rate between 2024 and 2031. This development is explained by the fact that cancer disorders are becoming more commonplace globally and that digital PCR instruments are being used more often in cancer research and diagnosis than older approaches. A 2022 American Cancer Society article states that 1,918,030 new instances of cancer were detected in the United States, underscoring the critical need for efficient diagnostic instruments. These have led to very significant progresses in the use of oncology among research and doctors because digital PCR is the most preferred method in monitoring and evaluating genetic alterations associated to cancer due to the more accurate and sensitive results yielded.
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North America continues to hold the top spot in the global digital PCR market due to its mature biotechnology sector, high investments in R&D, and highly developed healthcare infrastructure. The region has been cemented in its leadership of the market within this region by its extensive use of technology in various applications, including infectious diseases, cancer research, as well as customized medicine. Major market players such as F. Hoffmann-La Roche AG and Thermo Fisher Scientific, along with well-known research institutes, make the region strong for competitive purposes. This is also one reason why North America continues to dominate the market for digital PCR because of the investment and legal support given to innovative healthcare solutions.
On the flip side, the digital PCR market technology is growing at the fastest rate in Asia-Pacific. Advanced molecular diagnostic techniques are in high demand by factors such as large population and rising healthcare costs with increasing awareness about the need for early illness diagnosis. The China and India, which has been investing heavily in the research of biotechnology and genomics, encourages the usage of digital PCR even more. With an ever-increasing amount of biotech and pharmaceutical businesses in the area, innovation and cooperation takes place by producing a robust ecosystem. This is the reason why the market in Asia-Pacific for digital PCR will grow at an unprecedented rate and eventually take up a sizeable chunk of the industry globally in the coming years.
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Digital PCR Market Drivers
Increasing Demand for Accurate Diagnostics
Growing Investment in Genomics Research
Restraints
High Cost of Equipment and Consumables
Technical Complexity
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The digital PCR market is extremely competitive, with several leading companies in the industry. As a strategy to improve their position, these companies are focusing on partnerships, collaborations, mergers and acquisitions, and new product launches. The large-scale players of the industry are spending a lot on R&D to innovate the digital PCR platforms and enhance the product portfolio. They are employing several marketing techniques to expand their customer base and brand reach.
Digital PCR Market Top Player’s Company Profile
Digital PCR Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the digital PCR market has surged significantly over the last few years. In terms of the factors responsible for the market expansion, increased usage of customized medicine, a rising prevalence of infectious illnesses, and a growing requirement for enhanced molecular diagnostics stand out. Further growth in the market is being driven by the development of highly advanced digital PCR systems and by the availability of affordable alternatives. R&D in the form of partnerships with other academic institutions and major industry participants will also help promote market growth. Issues such as costly instrumentation and technical problems with digital PCR may slightly slow down the industry's progress. The critically enhancing role of digital PCR in genetic testing, precision medicine, and biomarker research will boost the international market over the coming years and, therefore, will offer attractive prospects to market participants.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.83 Billion |
Market size value in 2031 | USD 15.86 Billion |
Growth Rate | 9.02% |
Base year | 2023 |
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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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 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 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 Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital PCR 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.
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Report ID: SQMIG35G2206
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