Report ID: UCMIG35A2476
Report ID:
UCMIG35A2476 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the global market for real-time PCR, digital PCR, and end-point PCR was estimated at USD 31.64 billion. However, forecasts indicate a projected decline in this market, with a compound annual growth rate (CAGR) of -8.2% expected from 2022 to 2030. Factors contributing to this decline may include advancements in alternative technologies, evolving research methodologies, and market saturation. As a result, stakeholders in the PCR market are expected to face challenges in sustaining growth during this period. It is crucial for industry players to adapt to changing trends and explore emerging technologies to navigate the anticipated decline effectively.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2476