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Real-time PCR (Polymerase Chain Reaction) Systems Market

Market Insights on Real-time PCR (Polymerase Chain Reaction) Systems covering sales outlook, demand forecast & up-to-date key trends

Real-time PCR (Polymerase Chain Reaction) Systems Market by Product Type, Application, End-Use & Region - Forecast 2022 - 2032

Real-time PCR Systems Market Snapshot (2022-2032)

Global real-time PCR systems demand is anticipated to be valued at US$ 5.02 Billion in 2022, forecast to grow at a CAGR of 8% to be valued at US$ 10.83 Billion from 2022 to 2032.

The rising number of infectious diseases caused due to the food contamination is creating the huge demand for real-time PCR systems. The widespread spoilage is caused due to the contamination and the intake of such foods results in foodborne illness and therefore, the adoption of real-time PCR systems is increasing rapidly.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 4.64 Billion

Expected Market Value (2022)

US$ 5.02 Billion

Anticipated Forecast Value (2032)

US$ 10.83 Billion

Projected Growth Rate (2022-2032)

8% CAGR

Moreover, an increasing number of people facing foodborne illness is creating the demand for real-time PCR systems in order to determine the presence of human pathogens and microorganisms. Furthermore, the growing demand for packaged foods is also one of the major factors which drives the growth of real-time PCR systems market.

In addition, increasing food safety standards and rising focus on food security is compelling food & beverages manufactures towards the adoption of real-time PCR systems.

Real-time PCR systems are the laboratory equipment which are used to amplify the copies of specific DNA segments. The rising prevalence of chronic and infectious diseases is propelling the growth of the real-time PCR systems market. Furthermore, the advancements in various sectors such as forensics, diagnostics, and proteomics research is creating the potential growth opportunities for the real-time PCR Systems market.

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Which are Some Prominent Drivers Spearheading Real-Time PCR systems Market Growth?

The rapid growth in the analytical instruments market is the primary factor driving the growth of the real-time PCR systems market. Also, the increasing adulteration of food products and growing need for accurate diagnosis are creating potential growth opportunities for the real-time PCR systems market.

Furthermore, the research & development spending of the government coupled with the increasing number of food safety & diagnostics standards is also fuelling the growth of real-time PCR systems market. Apart from this, the surge in demand for real-time PCR systems for sample preparations and for accurate data analysis and interpretation at the time of high sample volumes and shorter timelines is also driving the growth of real-time PCR systems.

In addition, the continuous demand for advanced real-time PCR systems for various research areas such as pathogen detection, genetic diseases, oncology, and pharmacogenomics is also propelling the growth of real-time PCR systems market.

What is the Most Expected Challenge for the Market?

The high cost of real-time PCR systems is the primary factor which hampers the growth of real-time PCR systems market. Moreover, the reluctance of small and medium size organizations towards the adoption of real-time PCR systems due to limited budget is the major challenge for the growth of real-time PCR systems market.

Nikhil Kaitwade
Principal Consultant
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Region-wise Insights

Why is the Asia Pacific Region Emerging as an Opportunistic Real-time PCR systems Market?

Asia Pacific is anticipated to capture substantial market shares in the global real-time PCR systems market, owing to the presence of various testing laboratories, pharmaceuticals, and research facilities in various countries of these regions.

In Asia Pacific, the market is estimated to grow fast over the forecast period due to improvements in healthcare infrastructure, an increase in patient awareness levels, and high unmet patient needs. 

How is North America Contributing to Growth of the real-time PCR systems Market?

According to Future Market Insights, on the basis of geography, North America is expected to capture the large market share in terms of revenue in the market, due to the growing adoption of advanced real-time PCR systems for food safety and analysis and presence of various key real-time PCR systems manufacturers in the region.

Furthermore, the markets in Latin America are expected to witness moderate growth owing to the growing investments in the research and development sector of various countries in these regions.

Market Competition

Currently, the market is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the real-time PCR systems market are Thermo Fisher Scientific, Agilent Technologies, Abbott Laboratories, Danaher Corporation, Bio-Rad Laboratories Inc., QIAGEN, GE Healthcare, Abbott, Hoffmann-La Roche AG, and Fluidigm Corporation.

Attributed to the presence of such a high number of participants, the market is highly competitive. A real-time PCR systems market report also contains projections using a suitable set of assumptions and methodologies. Global real-time PCR systems research report provides analysis and information according to market segments such as geographies, application, and industry.

Globally, the real-time PCR systems market is expected to be fragmented in nature owing to the presence of a large number of players in the local as well as global market.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 8% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Application
  • End-use

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Thermo Fisher Scientific
  • Agilent Technologies
  • Abbot Laboratories
  • Danaher Corporation
  • Bio-Rad Laboratories Inc.
  • QIAGEN
  • GE Healthcare
  • Abbott
  • Hoffmann-La Roche AG
  • Fluidigm Corporation.

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Key Segments Profiled in the Real-Time PCR Systems Industry Survey

Real-time PCR Systems Market on the Basis of Product Type:

  • Real-time PCR Instruments
  • Real-time PCR Consumables and Reagents

Real-time PCR Systems Market on the Basis of Application:

  • Real-time PCR Systems for Blood and Oncology Testing
  • Real-time PCR Systems for Pathogen Testing
  • Real-time PCR Systems for Research & Development
  • Real-time PCR Systems for Forensic Science

Real-time PCR Systems Market on the Basis of End User:

  • Real-time PCR Systems for Clinical Research Organizations
  • Real-time PCR Systems for Research Laboratories
  • Real-time PCR Systems for Educational Institutes
  • Real-time PCR Systems for Diagnostic Centres
  • Real-time PCR Systems for Hospitals
  • Real-time PCR Systems for Other End Users

Real-time PCR Systems Market on the Basis of Region:

  • North America Real-time PCR Systems Market
  • Latin America Real-time PCR Systems Market
  • Europe Real-time PCR Systems Market
  • CIS & Russia Real-time PCR Systems Market
  • Japan Real-time PCR Systems Market
  • APEJ Real-time PCR Systems Market
  • Middle East and Africa Real-time PCR Systems Market

Frequently Asked Questions

FMI projects the global real-time PCR systems market to expand at an 8% value CAGR by 2032

North America is expected to be the most opportunistic real-time PCR systems market.

Thermo Fisher Scientific, Agilent Technologies, and Abbott Laboratories, are some prominent real-time PCR systems manufacturers.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Real-time PCR (Polymerase Chain Reaction) Systems Market