According to the
research report, the rising demand for highly advanced molecular
diagnostic techniques to detect severe diseases accurately is the key
factor behind the remarkable growth of the PCR market in the global
arena. The continued research and development activities in the field
of diagnostic techniques are also stimulating this market
significantly.
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Further, the report
states that the worldwide PCR market is witnessing a rapid rise in
public as well as private funding, which has prompted PCR-based drug
discovery and the research activities on genomics. The production of
customized medicines and the demand for automated devices have also
been reporting a rise in recent years, boosting the global PCR
market.
The report studies
the worldwide PCR market on the basis of product, application, end
use, and the regional distribution of this market. Based on product,
the market has been classified into instruments and reagents and
consumables. The reagents and consumables segment led the global PCR
market with a share of 67%, amounting to US$4 bn in 2013.
By application, the
market has been categorized into clinical diagnostics, life sciences,
and other application. The life sciences segment dominated the global
PCR market with a share of 48% in 2013.
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By end use, the
report segments the global PCR market into clinical diagnostics labs
and hospitals, academic and research organizations, and the
pharmaceutical and biotechnology industries. In 2013, the academics
and research organizations segment emerged as the biggest end user of
polymerase chain reactions across the world, says the study.
Regionally, the
report divides the global PCR market into North America, Asia
Pacific, Europe, and the Rest of the World. Among these, North
America emerged as the leading regional market in 2013 with a total
value of US$2.6 bn. Analysts project it to reach a value of US$3.9 bn
by the end of the forecast period. Asia Pacific, on the other hand,
is estimated to register the highest growth rate among all the
regional markets over the forecast period, states the report.
The study reports
that the worldwide PCR market is concentrated in nature.
Sigma-Aldrich Co., F. Hoffmann-La Roche Ltd., Beckman Coulter Inc.,
Becton, Dickinson & Co., Affymetrix Inc., Bio-Rad Laboratories
Inc., GE Healthcare, Abbott Laboratories, QIAGEN, Thermo Fisher
Scientific Inc., and Agilent Technologies Inc. are some of the key
market participants mentioned in this report.
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