June 06, 2024
Boston: “According to the latest BCC Research study, the demand for Polymerase Chain Reaction (PCR) for Point-of-Care (POC) Diagnosticsis expected to grow from $1.6 billion in 2024 to $2.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.9% from 2024 through 2029.”
This report offers a detailed summary of the polymerase chain reaction (PCR) technology for point-of-care (POC) diagnostics, including an analysis of the competitive landscape and profiles of key market players. It examines trends, drivers, challenges, and opportunities within the market, providing insights into historical, current, and potential market sizes. The report is valuable for market players and new entrants, offering guidance on producing and licensing goods and services. It includes segmentation by product type (POC PCR analyzers, consumables) and analyte (single analyte, multi-analyte), as well as application areas like infectious diseases and sexually transmitted infections (STIs). Geographical and country-level market analyses are provided for all major segments. The study details current market products in 2023, measures market size, and forecasts for 2029, and assesses competitors and their market shares for 2023.
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The following factors drive the global market for polymerase chain reaction for point-of-care diagnostics:
Increasing Incidence of Infectious Diseases: The rise in infectious diseases, such as viral and bacterial infections, has increased the demand for rapid and accurate diagnostics. PCR-based POC diagnostics provide quick results, aiding timely intervention and infection management.
Decentralization of Testing: Traditional lab-based testing is slow and logistically complex. POC PCR testing can be done closer to patients, reducing turnaround time and improving outcomes. It also enables testing in resource-limited and rural areas, and during emergencies.
Increasing Adoption of Point-of-Care Testing and Expansion: Healthcare systems globally are adopting PCR-based POC devices in clinics, emergency departments, and community health centers. This expansion improves patient care, especially for diseases needing rapid diagnosis and treatment.
Multiplexing Testing: Multiplex PCR can detect multiple pathogens or genetic markers in one test, making it efficient for diagnosing complex infections and co-infections. This enhances diagnostic efficiency and resource conservation.
Response to Pandemics: The COVID-19 pandemic highlighted the need for rapid testing. PCR was crucial for COVID-19 diagnosis, leading to increased investment in POC PCR tests to ensure better preparedness for future pandemics.
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Report Synopsis
Report Metrics |
Details |
Base year considered |
2023 |
Forecast Period considered |
2024-2029 |
Base year market size |
$1.6 Billion |
Market Size Forecast |
$2.1 Billion |
Growth rate |
CAGR of 5.9% from 2024 to 2029 |
Segment Covered |
By Product Type, Analyte, Application, and Region |
Regions covered |
North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW) |
Countries covered |
The U.S., Canada, Mexico, Brazil, Argentina, Chile, Germany, U.K., France, Italy, Spain, Japan, China, India, Middle East and Africa |
Key Market Drivers |
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Some interesting details on the global market for polymerase chain reaction for point-of-care diagnostics:
The global market for polymerase chain reaction for point-of-care diagnostics market worldwide includes in-depth data and analysis addressing the following important queries:
1. What is the projected market size and growth rate of the Polymerase Chain Reaction (PCR) for the Point-of-Care (POC) Diagnostics market?
2. What are the key factors driving the growth of the Polymerase Chain Reaction (PCR) for the Point-of-Care (POC) Diagnostics market?
3. What segments are covered in the Polymerase Chain Reaction (PCR) for the Point-of-Care (POC) Diagnostics market?
4. By Product Type, which segment will dominate the market by the end of 2029?
5. Which region has the highest market share in the Polymerase Chain Reaction (PCR) for the Point-of-Care (POC) Diagnostics technology market?
Some of the Key Market Players Are:
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Digital Polymerase Chain Reaction (dPCR) Technology: Global Markets: This research study offers a detailed analysis of the global digital PCR (dPCR) market, including revenue forecasts, future trend assessments, and strategic recommendations for market participants. The study covers market data from 2022, used as the base year, and provides forecasts from 2023 to 2028, with 2023 figures being estimates unless actual results are available. It includes forecasts segmented by product type, technology, end-user, and region. Additionally, the report examines both leading and emerging competitors in the current global dPCR market.
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Polymerase Chain Reaction (PCR) for Point-of-Care (POC) Diagnostics( BIO157C )
Publish Date: May 2024
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