Digital PCR Market Size to reach US$ 7.9 Billion by 2028
IMARC Group has recently released a new research study “Digital PCR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of Digital PCR Market?
The global digital PCR market size reached US$ 4.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 7.9 Billion on by 2028, exhibiting a growth rate (CAGR) of 10.5%% during 2023-2028.
What is a the Digital PCR?
Digital polymerase chain reaction, or digital PCR (dPCR), represents an end-point, high-throughput absolute quantitative analytics that aids in measuring the DNA or RNA count of a given sample in a precise and sensitive way. Compared to its traditional counterparts, digital PCR uses a wide range of methods, such as droplet-based, chip-based, and beaming dPCR, to facilitate diverse applications. As a result, digital PCR methods are extensively used in basic and diagnostic research, including human genetic testing, pathogen detection, and forensic sciences.
What are the Key Factors Driving in a Digital PCR market?
The increasing healthcare expenditure on molecular diagnosis across the globe, on account of the growing prevalence of numerous diseases, including genetic disorders, COVID-19, lung cancer, brain tumors, etc., is among the key elements stimulating the digital PCR market. Moreover, the escalating demand for early diagnosis and treatment has resulted in extensive R&D that focuses on genetic technologies, which is acting as another significant growth-inducing factor.
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Besides this, continuous technological advancements in PCR technologies and the development of innovative devices for droplet, chip-based, beam, and crystal dPCR by major market players are positively influencing the global market. Furthermore, the widespread adoption of dPCR devices in reference laboratories for detecting genetic mutations and identifying pathogens is also propelling the market growth. Apart from this, the launch of favorable initiatives undertaken by governmental and federal agencies across the globe, the shifting preferences from plant-derived to genome-based drug discovery, and the rising applications of these devices in food microbiology and veterinary medicine are anticipated to fuel the digital PCR market over the forecasted period.
Who Are The Key Players/Companies In The Global Digital PCR Market?
Avance Biosciences Inc., Bio-Rad Laboratories Inc., Danaher Corporation, JN Medsys, OPTOLANE Technologies Inc., QIAGEN, SAGA Diagnostics AB, Standard BioTools Inc., Stilla Technologies, Sysmex Corporation and Thermo Fisher Scientific Inc.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Digital PCR Equipment
- Consumables and Reagents
- Software and Services
Breakup by Technology:
- Droplet Digital PCR
- BEAMing Digital PCR
Breakup by Application:
- Clinical Diagnostics
- Forensics
- Research
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other
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