Kenneth Research, in its repository of market research reports, has recently added a report on Real Time PCR And Digital PCR Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Real Time PCR And Digital PCR Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Real Time PCR And Digital PCR Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Verified Market Research, the Global Real Time PCR and Digital PCR Market was valued at USD 3.51 billion in 2017 and is projected to reach USD 6.79 billion by 2025, growing at a CAGR of 8.6% from 2018 to 2025.
What is Real Time PCR and Digital PCR?
Polymerase chain reaction (PCR) is a common method used for amplifying the minute segments of DNA or RNA. There is a vast variation in the types of PCR available in the market such as digital Polymerase chain reaction (PCR), real-time PCR, and traditional PCR. Real Time PCR involves the estimation of amplified DNA in a given period time with use of molecular beacons while digital PCR has an approach of detecting highly sensitive nucleic acids and quantifying it. These advanced technologies are providing the scientists an easy yet efficient method to deal with amplification of the DNA and RNA.
Global Real Time PCR and Digital PCR Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increase in digitization and automation along with increasing usage of biomarkers in diagnosing cancer has been driving the market and behaving as a potential driver for the global real time PCR and digital PCR market whereas, expensive installation charges and complexity in providing favorable conditions for the amplification of DNA might hamper the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Real Time PCR and Digital PCR Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Real Time PCR and Digital PCR Market Competitive Landscape
The “Global Real Time PCR and Digital PCR Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Roche Ltd, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Abbott Laboratories, Qiagen N.V, Takara Bio, Inc, Agilent Technologies, Inc., BioMerieux SA, Danaher Corporation and Merck KGaA. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Real Time PCR and Digital PCR Market Segmentation, by Technology
• Quantitative PCR (qPCR)
• Digital PCR (dPCR)
The Quantitative PCR (qPCR) segment dominated the market in 2017 while the Digital PCR (dPCR) sub segment is expected to witness the fastest growth.
Global Real Time PCR and Digital PCR Market Segmentation, by Application
• Industry Applications
• Clinical Diagnostics
In 2017, the industry application segment accounted for the largest share of the overall market and is also expected to grow the fastest over the forecast period.
Global Real Time PCR and Digital PCR Market Segmentation, by Products & Services
• Reagents and Consumables
• Software and Services fastest
The instruments in the product and services segment accounted for the highest market share. The software and services sub segment is expected to show the highest growth over the forecast period.
Global Real Time PCR and Digital PCR Market Segmentation, by End User
• Pharmaceutical & Biotech Companies
• Clinical Research Organizations
• Hospitals And Laboratories
• Other End Users
While the hospitals and laboratories segment is expected to grow the fastest in the Global Real Time PCR and Digital PCR Market; the instruments segment held the largest share in 2017.
Global Real Time PCR and Digital PCR Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
In 2017, the North American region held the largest share of the market when it comes to the Global Real Time PCR and Digital PCR, while Asia Pacific is projected to grow the fastest over the forecasted period.
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