USD 17.8 Billion
PCR Molecular Diagnostics Market Size, Share, Growth Analysis, By Application(Infectious Disease Testing, Oncology Testing, and Other Applications), By End User(Hospitals, Diagnostic Laboratories, and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2253 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
PCR Molecular Diagnostics Market Insights
PCR Molecular Diagnostics Market size was valued at USD 22.65 Billion in 2023 and is poised to grow from USD 25.55 Billion in 2024 to USD 66.97 Billion by 2032, growing at a CAGR of 12.8% during the forecast period (2025-2032).
The global PCR molecular diagnostics market is a rapidly growing sector within the healthcare industry, driven by the need for accurate and timely diagnostic testing. PCR (Polymerase Chain Reaction) is a molecular biology technique that allows for the amplification and detection of specific DNA or RNA sequences. The purpose of the PCR Molecular Diagnostics market is to provide healthcare professionals with valuable insights into the presence and characteristics of infectious diseases, genetic disorders, and other health conditions. The ability of PCR to identify infectious agents, genetic mutations, and biomarkers has significantly enhanced diagnostic capabilities, enabling earlier detection and personalized treatment approaches. There are certain restraining factors and challenges in the market. One such factor is the high cost associated with PCR molecular diagnostics, including the equipment, reagents, and skilled personnel required for testing. The complexity of PCR techniques and the need for specialized training can also pose challenges, limiting widespread adoption and accessibility. The continuous advancement of PCR technology, including the development of portable and point-of-care devices, offers opportunities for expanded use in various healthcare settings. The integration of PCR with other technologies, such as next-generation sequencing and digital health platforms, opens up new avenues for multiplex testing, data analysis, and personalized medicine.
The increasing prevalence of infectious diseases, genetic disorders, and cancer worldwide creates a substantial market opportunity for PCR molecular diagnostics. The growing awareness and adoption of precision medicine approaches further contribute to the market's potential for targeted therapies and personalized treatment regimens. the global PCR Molecular Diagnostics market serves the purpose of providing accurate and timely diagnostic testing for various diseases and conditions. While facing challenges such as high costs, complexity, and regulatory requirements, the market continues to grow due to the driving factors of precise diagnostics and the increasing need for personalized medicine. The opportunities lie in technological advancements, market expansion into different healthcare settings, and the demand for targeted therapies.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Infectious Disease Testing
Fastest Growth
Infectious Disease Testing
Growth Rate
12.8% CAGR
Global PCR Molecular Diagnostics Market ($ Bn)
Country Share for North America Region (%)
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PCR Molecular Diagnostics Market Segmental Analysis
The global PCR molecular diagnostics market is segmented on the basis of application, process, and region. By Application, the market is segmented into Infectious Disease Testing, Oncology Testing, and Other Applications. By End User, the market is segmented into Hospitals, Diagnostic Laboratories, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The largest segment by application is infectious disease testing. Infectious disease testing using PCR technology plays a critical role in identifying and monitoring various pathogens, including bacteria, viruses, and fungi. PCR enables rapid and accurate detection of infectious agents, allowing for early diagnosis, effective treatment, and prevention of the spread of infectious diseases. The prevalence of infectious diseases worldwide, such as respiratory infections, sexually transmitted diseases, and healthcare-associated infections, drives the demand for PCR-based infectious disease testing.
The fastest-growing segment in the PCR molecular diagnostics market is oncology testing. PCR technology has revolutionized cancer diagnostics by enabling the identification of genetic mutations and biomarkers associated with different types of cancer. This allows for personalized treatment approaches, targeted therapies, and monitoring of treatment response. The field of oncology is witnessing significant advancements in precision medicine, driving the adoption of PCR-based testing for cancer patients. The increasing incidence of cancer globally, coupled with the need for more accurate and tailored treatment options, fuels the growth of PCR-based oncology testing.
Analysis by End User
The largest segment by end user is hospitals. Hospitals are the primary healthcare facilities where a wide range of diagnostic tests, including PCR molecular diagnostics, are performed. PCR technology plays a crucial role in hospitals for the accurate and timely diagnosis of various diseases, monitoring treatment response, and implementing appropriate infection control measures. The demand for PCR molecular diagnostics in hospitals is driven by the need for rapid and reliable diagnostic testing to guide patient management and treatment decisions.
The fastest-growing segment in the PCR molecular diagnostics market is diagnostic laboratories. Diagnostic laboratories are specialized facilities dedicated to performing a wide array of diagnostic tests, including PCR-based assays. These laboratories often collaborate with hospitals and healthcare providers to offer comprehensive diagnostic services. The increasing demand for precise and high-throughput diagnostic testing, along with the rising number of diagnostic laboratories globally, contributes to the growth of PCR molecular diagnostics in this segment.
Global PCR Molecular Diagnostics Market By Application
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PCR Molecular Diagnostics Market Regional Insights
North America holds a dominant position in the PCR molecular diagnostics market due to several factors. The region has a well-established healthcare infrastructure, advanced laboratory facilities, and a high level of adoption of molecular diagnostics technologies. The presence of key market players, technological advancements, and robust research and development activities contribute to the market's dominance in this region. Moreover, favorable reimbursement policies, increasing prevalence of infectious diseases and chronic conditions, and a strong focus on personalized medicine further drive the demand for PCR molecular diagnostics in North America.
Asia Pacific is the fastest-growing market for PCR molecular diagnostics. Factors such as the large population, rapid urbanization, increasing healthcare expenditure, and rising awareness about early disease detection contribute to the market's growth in this region. Additionally, the growing prevalence of infectious diseases, such as tuberculosis, hepatitis, and sexually transmitted infections, in densely populated countries like India and China, drives the demand for PCR-based diagnostic tests. Furthermore, the rising adoption of advanced healthcare technologies, expanding access to healthcare services, and supportive government initiatives to improve healthcare infrastructure propel the growth of PCR molecular diagnostics in the Asia Pacific region.
Global Biomarkers Market By Geography
- Largest
- Fastest
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PCR Molecular Diagnostics Market Dynamics
Drivers
Growing Emphasis on Precision Medicine
- Precision medicine focuses on tailoring medical treatments to individual patients based on their genetic makeup. PCR molecular diagnostics play a crucial role in identifying genetic variations and biomarkers associated with diseases, enabling personalized treatment approaches. The increasing adoption of precision medicine strategies in healthcare is expected to drive the demand for PCR molecular diagnostics in 2022.
Restraints
High Cost of PCR Testing
- The cost of PCR molecular diagnostics can be a significant barrier, especially in resource-limited settings and regions with limited healthcare budgets. The high costs associated with equipment, reagents, and skilled personnel required for PCR testing can limit accessibility and adoption, particularly in developing countries. Cost constraints may pose a challenge to the widespread implementation of PCR molecular diagnostics in 2022.
Regulatory Challenges and Quality Assurance
- PCR molecular diagnostics are subject to stringent regulatory requirements and quality control standards to ensure accuracy and reliability. Meeting regulatory guidelines, obtaining necessary approvals, and ensuring quality assurance can be time-consuming and complex processes. Adhering to these standards and ensuring compliance can pose challenges for market players, potentially affecting market growth in 2022.
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PCR Molecular Diagnostics Market Competitive Landscape
The global PCR molecular diagnostics market features a competitive landscape with several key players striving to gain a significant market share. These companies invest in research and development activities to develop innovative PCR-based diagnostic tests and technologies. They also focus on strategic collaborations, mergers and acquisitions, and partnerships to expand their product portfolio and geographical presence. The competitive landscape is dynamic, with ongoing advancements and product launches by key players. For example, companies such as bioMérieux SA, Meridian Bioscience, Inc., and Luminex Corporation have introduced new PCR-based diagnostic assays targeting specific infectious diseases and genetic disorders. This continuous innovation and product development contribute to the growth and competitiveness of the market.
Top Player’s Company Profiles
- F. Hoffmann-La Roche Ltd (Switzerland)
- Thermo Fisher Scientific Inc. (US)
- Abbott Laboratories (US)
- Qiagen N.V. (Netherlands)
- Bio-Rad Laboratories, Inc. (US)
- Agilent Technologies, Inc. (US)
- Danaher Corporation (US)
- Hologic, Inc. (US)
- Siemens Healthineers AG (Germany)
- PerkinElmer, Inc. (US)
- Becton, Dickinson and Company (US)
- bioMérieux SA (France)
- Meridian Bioscience, Inc. (US)
- GenMark Diagnostics, Inc. (US)
- QIAGEN Manchester Ltd (UK)
- Luminex Corporation (US)
- Grifols, S.A. (Spain)
- Gen-Probe Incorporated (US)
- ELITech Group (France)
- Merck KGaA (Germany)
Recent Developments
- In April 2023, Qiagen announced the launch of its QIAseq Dx Series, a new line of molecular diagnostics platforms that are designed to provide high-throughput and accurate results for a wide range of applications.
- In March 2023, Roche announced the launch of its cobas Liat HPV test, a new molecular diagnostics test that is designed to detect human papillomavirus (HPV) infections.
- In February 2023, Cepheid announced the launch of its GeneXpert Omni platform, a new molecular diagnostics platform that is designed to provide rapid and accurate results for a wide range of infectious diseases.
PCR Molecular Diagnostics Key Market Trends
- Integration of PCR with Digital Health Platforms: The integration of PCR molecular diagnostics with digital health platforms and telehealth solutions is a key trend in 2022. This integration allows for remote test ordering, result reporting, and data management, enhancing the accessibility and efficiency of PCR testing. It enables healthcare providers to remotely monitor patients, track disease outbreaks, and streamline diagnostic processes.
- Development of Point-of-Care PCR Devices: The development of portable and point-of-care PCR devices is an emerging trend in the market. These devices enable rapid on-site testing, eliminating the need for sample transportation and centralized laboratory facilities. Point-of-care PCR devices offer real-time results, enhancing the speed of diagnosis and enabling immediate treatment decisions. The development of user-friendly, cost-effective, and accurate point-of-care PCR devices is expected to shape the market in 2022.
PCR Molecular Diagnostics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global PCR molecular diagnostics market analysis, PCR is a powerful tool used to amplify and detect specific DNA or RNA sequences in biological samples, allowing for the identification of genetic variations and the diagnosis of various diseases. The market analysis of PCR molecular diagnostics involves the evaluation of market size, growth trends, key players, and factors influencing market dynamics. The market is driven by several factors, including the increasing prevalence of infectious diseases, the rising incidence of genetic disorders and cancer, and the growing demand for personalized medicine. PCR molecular diagnostics offer accurate and rapid results, enabling early disease detection, effective treatment decisions, and improved patient outcomes.
The market analysis also considers the challenges and restraints in the PCR molecular diagnostics market. These may include the high cost associated with PCR testing, regulatory requirements, and the need for skilled personnel and specialized laboratory infrastructure. Additionally, competition among market players and the availability of alternative diagnostic technologies can impact market growth. The global PCR molecular diagnostics market is driven by the need for accurate and rapid diagnostic testing in various disease areas. The market offers opportunities for innovation, growth, and improved patient care. Understanding the market dynamics, including drivers, restraints, and key trends, is crucial for stakeholders to make informed decisions and contribute to the advancement of PCR molecular diagnostics.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 20.08 Billion |
| Market size value in 2031 | USD 59.37 Billion |
| Growth Rate | 12.8% |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on PCR Molecular Diagnostics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on PCR Molecular Diagnostics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the PCR Molecular Diagnostics 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 PCR Molecular Diagnostics 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the PCR Molecular Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the PCR Molecular Diagnostics 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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