USD 3.96 billion
Report ID:
SQMIG35H2150 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
64
|Figures:
75
Global Gene Amplification Technologies Market size was valued at USD 3.96 billion in 2022 and is poised to grow from USD 4.36 billion in 2023 to USD 9.34 billion by 2031, at a CAGR of 10% during the forecast period (2024-2031).
The global gene amplification technologies market is experiencing robust growth due to advancements in molecular biology and diagnostics. Key drivers include increasing applications in disease diagnosis, personalized medicine, and biotechnology research. Polymerase chain reaction (PCR) and isothermal amplification techniques dominate the market, with CRISPR-based amplification gaining traction.
North America holds a significant market share, fueled by strong R&D activities and healthcare infrastructure. Asia-Pacific displays rapid expansion due to rising healthcare expenditure and technological adoption. As genomics continues to shape medical and research landscapes, the gene amplification technologies market is poised for sustained expansion.
US Gene Amplification Technologies Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.96 billion
Largest Segment
pharmaceutical companies
Fastest Growth
diagnostic labs
Growth Rate
10% CAGR
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The global gene amplification technologies market can be segmented based on technology, end-user, and region. Technological segments include PCR, NASBA, LAMP, and others. End-users involve academic & research institutions, diagnostic labs, and pharmaceutical companies. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Gene Amplification Technologies Market Analysis By Technology
Polymerase Chain Reaction (PCR) has historically been the largest segment in the gene amplification technologies market. It has a wide range of applications in research, diagnostics, forensics, and biotechnology. Real-time PCR (qPCR) and digital PCR (dPCR) have gained substantial adoption due to their quantitative capabilities. The fastest-growing segment could vary based on industry trends and technological advancements. Isothermal amplification techniques like loop-mediated isothermal amplification (LAMP) have gained popularity due to their simplicity, rapid results, and application in point-of-care diagnostics. These techniques eliminate the need for complex thermal cycling, making them suitable for resource-limited settings.
Gene Amplification Technologies Market Analysis By End-User
Biotech and pharmaceutical companies have been one of the largest and most significant end users of gene amplification technologies. These companies utilize these technologies for drug discovery, target identification, and molecular diagnostics. The demand for personalized medicine and targeted therapies has driven the adoption of gene amplification technologies in this sector.
The application of gene amplification technologies in clinical diagnostics has been growing steadily. Polymerase Chain Reaction (PCR) and other amplification techniques are commonly used for diagnosing genetic diseases, identifying pathogens, and detecting specific genetic markers associated with diseases. The need for accurate and rapid diagnostics has contributed to the growth of this segment.
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North America and Europe were likely the largest markets for gene amplification technologies due to their established biotechnology industries, extensive R&D capabilities, and supportive regulatory frameworks. These regions have a long history of innovation in the life sciences and biotechnology sectors.
The Asia-Pacific region was considered one of the fastest-growing regions. This growth could be attributed to factors such as increasing investments in research and development, a growing number of biotech startups, and rising awareness about advanced medical technologies.
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Gene Amplification Technologies Market Drivers
Demand for Personalized Medicines
Gene Amplification Technologies Market Restraints
Ethical Concerns
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The global gene amplification technologies market features intense competition among key players striving to innovate and capture market share. Established companies like Thermo Fisher Scientific, Illumina, and QIAGEN continue to dominate, leveraging their extensive R&D capabilities and diverse product portfolios. Meanwhile, emerging players such as Bio-Rad Laboratories and Agilent Technologies are rapidly gaining ground through disruptive advancements and strategic collaborations. The market's trajectory is shaped by ongoing technological advancements, increasing demand for personalized medicine, and a growing focus on genetic research across pharmaceutical, biotech, and academic sectors, driving players to continually enhance their offerings to maintain a competitive edge.
Gene Amplification Technologies Market Top Player’s Company Profiles
Gene Amplification Technologies Market Recent Developments
In December 2023, NGeneBio said that the company has registered a domestic patent for its tuberculosis (TB) diagnostic technology based on next-generation sequencing (NGS) technology. The patent is the “Composition for gene amplification for detecting mycobacterium tuberculosis and determining drug resistance and its use.”
In January 2023, Moderna, Inc. acquired OriCiro Genomics K.K. for $85 million, who will provide expertise on cell-free DNA synthesis and amplification technologies.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global gene amplification technologies market is poised for significant growth, driven by expanding applications in research, diagnostics, and therapeutics. With advancements in techniques like PCR, LAMP, and NASBA, the market's value is expected to surge. Increasing demand for personalized medicine, genetic disease understanding, and infectious disease detection will fuel adoption. Additionally, rising investment in biotechnology and pharmaceutical sectors, along with supportive government initiatives, will contribute to market expansion. However, challenges such as technological complexity and ethical considerations might influence the landscape. Overall, the gene amplification technologies market is anticipated to flourish, offering innovative solutions for various biological challenges.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.96 billion |
Market size value in 2031 | USD 9.34 billion |
Growth Rate | 10% |
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 Gene Amplification Technologies 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 Gene Amplification Technologies 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 Gene Amplification Technologies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gene Amplification Technologies 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: SQMIG35H2150
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