Product ID: UCMIG35H2035
Polymerase Chain Reaction (PCR) Market Size, Share, Growth Analysis, By Type(Standard PCR, Real-time PCR), By Product(Instruments, Reagents & Consumables), By Indication(Infectious Diseases, Oncology), By End User(Hospitals & Clinics, Pharmaceutical & Biotechnology Industries), By Regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG35H2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Polymerase Chain Reaction (PCR) Market Insights
Market Overview:
The worldwide market size for polymerase chain reaction (PCR) was valued at USD 7.10 billion in 2020. It is expected to increase from USD 7.80 billion in 2021 to USD 13.75 billion by 2028, growing at a compound annual growth rate (CAGR) of 8.4% between 2021 and 2028. The impact of COVID-19 has been unprecedented, leading to a surge in demand for PCR across all regions. Our analysis indicates that the global market experienced an exceptional growth rate of 52.3% in 2020. The decline in CAGR is a result of the market returning to its pre-pandemic levels once the pandemic is under control.
Polymerase Chain Reaction (PCR) Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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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 Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences 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.
Polymerase Chain Reaction (PCR) Market Report Snapshots
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