PCR and Real-time PCR Molecular Diagnostics Market: North America is Expected to Remain Highly Promising and Hold a Prominent Market Share
250 Pages PCR and Real-time PCR Molecular Diagnostics Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
According to Fact MR’s recent market research, sales of PCR and Real-time PCR Molecular Diagnostics to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, PCR and Real-time PCR Molecular Diagnostics market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular testing technologies for fast real-time results and automated operations, with minimal risks of false positives and negatives.
PCR and real-time PCR molecular diagnostics is also finding growing roles in a number of other healthcare sectors, including forensics and genetics, which are likely to bode well for the PCR and real-time PCR molecular diagnostics market in the foreseeable future. Digital PCR, in particular, is projected to reflect fast growth, owing to higher accuracy and sensitivity in the quantification of molecular materials.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of PCR and Real-time PCR Molecular Diagnostics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of PCR and Real-time PCR Molecular Diagnostics
The report offers actionable and valuable market insights of PCR and Real-time PCR Molecular Diagnostics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of PCR and Real-time PCR Molecular Diagnostics Market across various industries and regions
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PCR and Real-time PCR Molecular Diagnostics Market: Segmentation
Fact.MR has studied the PCR and real-time PCR molecular diagnostics market with detailed segmentation on the basis of technology, product, application, end user, and key regions.
- Traditional PCR
- Real-time PCR
- Digital PCR
- Infectious Diseases Testing
- HCV and HBV
- Sexually Transmitted Infections
- Hospital Acquired Infection
- Respiratory Infections
- Oncology Testing
- Genetic Testing
- Diagnostic Laboratories
- Academic and Research Centers
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Takeaways from PCR and Real-time PCR Molecular Diagnostics Market Report
- Real-time PCR technologies are estimated to hold major market share, supported by higher research & development investments by market players and improved awareness about molecular diagnostics among patients and healthcare professionals.
- North America is the leading regional markets for PCR and real-time PCR molecular diagnostics, followed by Europe, owing to faster regulatory approvals and access to new healthcare technologies.
- Oncology diagnostics is expected to surge in the near future driven by growing number of patients and investments towards modernization of healthcare facilities with government aid, providing impetus to the PCR and real-time PCR molecular diagnostics market in emerging economies.
- The COVID-19 outbreak, which has had a worldwide impact, is projected to positively influence the prospects of the PCR and real-time PCR molecular diagnostics market, aided by emergency authorization for new products being given by regulatory bodies.
“Widespread incidence of target ailments, including cancer and COVID-19, coupled with technological advancements for faster results and automated work processes are likely to provide leverage to the PCR and real-time PCR molecular diagnostics market in the long term,” says a Fact.MR analyst.
Key Players Focus on New Product Launches and Regulatory Approval
Abbott Laboratories, Elekta AB Bio-Rad Laboratories Inc., bioMerieux SA, Danaher Corporation, Thermo Fisher Scientific Inc., Becton, Dickinson and Company, F.Hoffmann-La Roche Ltd., Qiagen NV, Hologic Inc, Grifols SA, Genomic Health, and Seegene Inc. are some of the more prominent players operating in the PCR and real-time PCR molecular diagnostics market. Leading market players have been observed investing significant resources towards product development and launch strategies, and pushing for faster regulatory approvals to gain an edge over the competition. Market players are also focused on leveraging short term opportunities arising from the COVID-19 pandemic.
- For instance, in October 2020, Abbott Laboratories announced the receipt of FDA approval for its PCR covid-19 antigen test, under emergency use authorization, for the company’s BinaxNow COVID-19 Ag Card, which provides rapid results similar to an over-the-counter pregnancy test.
- BioMérieux has also announced regulatory clearance for its Vitek 2 AST Gram Negative Ceftazidime test, to trace gram-negative bacilli bacteria, which is compatible with the company’s proprietary Vitek 2 Compact and Vitek 2 molecular diagnostics platforms.
- Similarly, Roche Diagnostics has also received FDA approval for its Cobas RT-PCR test, aimed at detecting the BK virus, which is designed to run alongside the business’ Cobas 8800 and 6800 diagnostic platforms.
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Report Benefits & Key Questions Answered
- PCR and Real-time PCR Molecular Diagnostics Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- PCR and Real-time PCR Molecular Diagnostics Historical volume analysis: The report provides a comparison of PCR and Real-time PCR Molecular Diagnostics’s historical sales and projected sales performance for 2021-2031.
- PCR and Real-time PCR Molecular Diagnostics Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the PCR and Real-time PCR Molecular Diagnostics market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- PCR and Real-time PCR Molecular Diagnostics Consumption by demographics: The report investigates consumer behavior affecting PCR and Real-time PCR Molecular Diagnostics demand outlook for the assessment period. Effect of their keenness for digital trends on PCR and Real-time PCR Molecular Diagnostics market is carefully analyzed
- Post COVID consumer spending on PCR and Real-time PCR Molecular Diagnostics: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting PCR and Real-time PCR Molecular Diagnostics market growth.
More Valuable Insights on PCR and Real-time PCR Molecular Diagnostics Market
Fact.MR, in its new report, offers an unbiased Market Analysis of PCR and Real-time PCR Molecular Diagnostics, Sales and Demand of PCR and Real-time PCR Molecular Diagnostics, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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