Albany – NY, Oct. 20, 2015 (GLOBE NEWSWIRE) — According to a new market study published by Transparency Market Research (TMR) the global polymerase chain reaction (PCR) market stood at US$6,065 million in 2013.The report, titled “Polymerase Chain Reaction (PCR) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020“, estimates the global PCR market to expand at a CAGR of 6.6% between 2014 and 2020 and reach a value of US$9,621 million by the end of the forecast period.This research report provides a comprehensive analysis of the global PCR market, considering the performance of each segment as well as the dynamics of every regional market. The global PCR market is mainly categorized on the basis of product, end-use industries, and the application of PCR in this report.
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As per the study, reagents and consumables reported the highest sales in 2013, totaling US$4,072.2 million, in the global PCR products market. The segment is expected to maintain its leadership over the forecast period, as per the report. Academics and research organizations emerged as the biggest end users of PCR in 2013, whereas the clinical diagnostic labs and hospitals market is expected to report impressive growth over the period from 2014 to 2020.In 2013, the life sciences market dominated the overall PCR market based on application area, with a share of 48%, whereas the clinical diagnostics market occupied 33% of the overall market, acquiring the second position. Owing to its wide acceptance in cancer research, the life sciences market is expected to remain the biggest application segment of the global PCR market during the forecast period, states the report.
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The report also provides an analysis of the global PCR market on the basis of geography, expounding upon the PCR markets in North America, Europe, Asia Pacific, and the Rest of the World. The North American PCR market occupied the leading position among all the regional markets in 2013, attaining US$2,614 million. Analysts expect the market to reach a value of US$3,944.6 million by the end of the forecast period. The presence of technically advanced diagnostic laboratories and the rapid uptake of innovative assay technologies are the main drivers of the PCR market in North America.On the other hand, the PCR market in Asia Pacific is likely to post the highest CAGR over the forecast period on account of the increasing investment by the governments and individual investors for research and development of PCR in the region, notes the market study.Some of the major companies operating in the global PCR market, including Bio-Rad Laboratories Inc., Abbott Laboratories, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Becton, Affymetrix Inc., Dickinson & Co., Beckman Coulter Inc., Sigma-Aldrich Co. LLC., GE Healthcare, F. Hoffmann-La Roche Ltd., and QIAGEN, are profiled in this report.
The global polymerase chain reaction (PCR) market is segmented into:
By Products
- Instruments
- Standard PCR Systems
- Real Time PCR Systems
- Digital PCR Systems
- Reagents and Consumables
By End-Use Industries
- Pharmaceutical and Biotechnology Industries
- Clinical Diagnostics Labs and Hospitals
- Academic and Research Organizations
By Applications
- Clinical Diagnostics
- Life Sciences
- Others
By Region
North America
- Instruments
- Reagents and Consumables
Europe
- Instruments
- Reagents and Consumables
Asia Pacific
- Instruments
- Reagents and Consumables
The Rest of World
- Instruments
- Reagents and Consumables
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