Pune, April 03, 2020 (GLOBE NEWSWIRE) -- The global digital PCR market size is forecast to reach USD 799.1 million by 2026, attributed to the increasing prevalence of infectious diseases and genetic disorders worldwide. Digital PCR is the biotechnological advancement of conventional PCR and provides a reproducible and sensitive method of measuring the amount of RNA or DNA in a sample. Fortune Business Insights discusses the market and its growth trajectories in a recently published report titled, “Digital PCR Market Size, Share & Industry Analysis, By Type (Droplet Digital PCR, Chip-based Digital PCR, and Others), By Product (Instruments and Reagents & Consumables), By Indication (Infectious Diseases, Oncology, Genetic Disorders, and Others), By End User (Hospitals & Clinics, Pharmaceutical & Biotechnology Industries, Diagnostic Centers, and Academic & Research Organizations), and Regional Forecast, 2019-2026”. According to this report, the market value was USD 224.9 million in 2018 and is likely to exhibit a CAGR of 17.2% within the forecast period of 2019 to 2026.
Objectives of the Report
The report offers an in-detailed analysis of the market primarily emphasizing on trajectories such as drivers, restraints, opportunities, and challenges. It also throws light on key industry developments, current digital PCR market trends, and other interesting insights into the market. Besides this, the report discusses the market segmentation in details based on factors such as type, product, end-user, and geography. The report is available for sale on the company website.
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Market Drivers and Restraints
Rise in Prevalence of Genetic Disorders to Aid in Expansion of Market
The increasing prevalence of infectious and genetic diseases is a major digital polymerase chain reaction market growth driver. In addition to this, the advancement in medical technology and introduction of innovative devices for therapeutic purposes will also aid in expansion of the market in the coming years. These innovative devices include crystal dPCR, beam dPCR chip-based digital PCR, and droplet digital PCR.
On the other side, high cost of digital polymerase chain reaction installation may pose a major challenge to the market growth. This, coupled with the lack of awareness about the availability of treatment options, especially in developing and under-developed nations, may hamper the overall market in the coming years.
Nevertheless, the gradual shift towards chip-based dPCR from droplet dPCR by healthcare providers is expected to boost the market in the coming years.
Regional Segmentation:
Increasing Prevalence of Genetic Disorders to help Asia Pacific Register Faster CAGR by 2026
As per geographical segmentation, North America earned the largest digital polymerase chain reaction market share with a revenue of USD 96.5 million earned in 2018. This is owing to the high prevalence and diagnosis rate of infectious disease and the availability of better healthcare facilities in the region. In addition, there is high awareness among people about the availability of advanced dPCR devices as treatment options in the developed nations of the region. Furthermore, the increasing number of various cancer cases and metabolic diseases are also boosting the regional market.
On the other side, Asia Pacific market is anticipated to witness the fastest CAGR in the forthcoming years on account of the developing healthcare infrastructure and medical facilities and increasing prevalence of genetic and infectious diseases.
Competitive Landscape:
Bio-Rad, Sysmex Inostics, and Thermo Fisher to Hold Dominant Shares with Diverse Portfolio
The global digital PCR market is consolidated in nature owing to the presence of many players. Companies such as Thermo Fisher Scientific Inc., Sysmex Inostics, and Bio-Rad Laboratories, Inc., are holding majority shares in the market on account of their diverse portfolio of chip-based digital PCR and droplet digital PCR and continuous launch of innovative technologies by these companies at large. Other players operating in this market are emphasizing on mergers and acquisitions, contracts and agreements, or other collaborative methods to attract high digital PCR market revenue and attain a significant position in the market in the coming years.
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List of Key Companies Operating in the Digital PCR Market include:
-
- Qiagen
- JN Medsys
- Merck KGaA
- Fluidign Corporation
- Stilla Technologies
- Thermo Fisher Scientific Inc.
- Sysmex Inostics
- Bio-Rad Laboratories Inc.
- Other Players
Significant Industry Developments of the Digital PCR Market Include:
January 2019 – A new series of digital PCR platform was launched by QIAGEN. This platform is based on the combined assay development expert technology of Qiagen and FORMULATRIX.
October 2019 – dd-Check STEC Solution was launched by Bio-Rad Laboratories, Inc. for the detection of virulence genes from Shiga toxin-producing Escherichia coli (STEC).
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Chronic Disorders (Infectious diseases, Cancer)
- Key Industry Developments – Mergers, Acquisitions, Partnerships & New Product Launch
- Technological Advancements in Digital PCR
- Regulatory Scenario by Key Countries/Region
- Global Digital PCR Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Droplet Digital PCR
- Chip-based Digital PCR
- Others
- Market Analysis, Insights and Forecast – By Product
- Instruments
- Reagents & Consumables
- Market Analysis, Insights and Forecast – By Indication
- Infectious Diseases
- Oncology
- Genetic Disorders
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Industries
- Diagnostic Centers
- Academic & Research Organization
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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