Digital PCR Market Size to Reach $1.14 Billion by 2028: Allied Market Research

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Portland, OR, May 13, 2021 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global Digital PCR Market was accounted for $508.8 million in 2020, and is estimated to reach $1.14 billion by 2028, growing at a CAGR of 9.1% from 2021 to 2028.

Increase in prevalence of infectious diseases and cancer, technological advancements, and surge in awareness and acceptance of personalized medicines have boosted the growth of the global digital PCR market. However, high cost of dPCR devices and reimbursement issues hinder the market growth. On the contrary, rise in funding for R&D activities is estimated to create lucrative opportunities for the market players in the future.

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Covid-19 scenario:

  • The Covid-19 pandemic increased the demand for dPCR systems and SARS-CoV-2 kits owing to higher sensitivity of dPCR, ease in understanding the results, and lack of inhibition from sample types.
  • More and more market players acquired the emergency use of authorization from the U.S. Food and Drug Administration (FDA) to meet the demand for diagnostic tests for Covid-19 patients.

The global digital PCR market is segmented on the basis of technology, product type, and geography. Based on technology, the droplet dPCR segment held the lion’s share in 2020, contributing to nearly three-fourths of the market. However, the chip-based dPCR segment is projected to portray the highest CAGR of 9.4% during the forecast period.

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On the basis of product type, the software and service segment is expected to register the highest CAGR of 10.5% during the forecast period. However, the consumables and reagents segment dominated the market in terms of share in 2020, accounting for more than half of the market.

The global digital PCR market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, contributing to nearly half of the market. However, the market across Asia-Pacific is estimated to manifest the highest CAGR of 11.5% during the forecast period.

The global digital PCR market includes an in-depth analysis of the prime market players such as Bio-Rad Laboratories, Inc., Fluidigm Corporation, 4basebio AG, Merck KGaA, JN Medsys, Stilla Technologies, Qiagen N.V., Combinati, Inc., Sysmex Corporation, and Thermo Fisher Scientific, Inc.

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We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

        

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