According to TechSci Research report, “Digital PCR Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the global digital PCR market is anticipated to grow at an impressive rate in the forecast period 2024-2028. This can be ascribed to the increasing demand for diagnostics centers for infectious diseases, genetic diseases and increasing large population of people suffering from acute and chronic diseases. Similarly, increasing population across the globe, adoption of newly developed technologies, and developing awareness among patient and healthcare providers about new technology, are expected to create lucrative opportunities for the growth of global digital PCR market during the forecast period.
However, several technical limitations such as inability to assess DNA quality, use of carcinogenic chemicals, and the failure to detect target molecules due to low quality of the nucleotide template is the main factor which will hamper the global digital PCR market in the forecast period. Additionally, high cost of digital PCR device and the lack of awareness in emerging countries are expected to hamper the overall market growth.
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Global digital PCR market is segmented into by type, by component, by application, by end user and by region.
Based on Type, the global digital PCR market can be segmented into Droplet Digital PCR, Chip Based Digital PCR, and others. The Droplet Digital PCR is expected to dominate the market for the forecast period because of technological advancements with different new product launches by major players. However, the rising demand for chip based digital PCR in healthcare sector, is expected to propel the market growth.
Based on Region, the global digital PCR market can be further divided into North America, Asia Pacific, Europe, Middle East & Africa. North America region is predicted to dominate the market in 2022 and maintain its dominance throughout the forecast period. Moreover, increasing well developed healthcare industry, rising number of patients using personalized medicine and increasing prevalence of diseases like cancer, etc. will boost the market growth during the forecast period.
Major companies operating in global digital PCR market are:
- Bio-Rad Laboratories, Inc.
- Fluidigm Corporation
- F. Hoffmann-La Roche AG
- Merck KGaA
- QIAGEN N.V.
- Thermo Fisher Scientific Inc.
- Genetron Holdings Limited
- Naveris, Inc.
- SAGA Diagnostics
- Precigenome LLC
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“Asia Pacific is expected to register the highest growth in the global digital PCR market on account of increasing prevalence and diagnosis rates of infectious disease in the countries like China and India. Similarly, growing awareness among patient population towards new diagnostics options and availability of advanced digital PCR device in the region, is further expected to support the market growth. Additionally, increasing incidence of different type of cancer and rising metabolic disease treatments are expected to propel the market growth till 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Digital PCR Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Droplet Digital PCR, Chip Based Digital PCR, Others), By Component (Systems, Kits and Assays, Reagents and Consumables), By Application (Oncology, Infectious Diseases, Rare Diseases, Reproductive Genetics, Others), By End User (Academic and Research Institutions, Biotechnology & Pharmaceutical Companies, Hospitals and Clinics, Others), By Region and Competition”, has evaluated the future growth potential of global digital PCR market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global digital PCR market.
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