Pune, India, May 25, 2022 (GLOBE NEWSWIRE) — The global Polymerase Chain Reaction Market size was USD 7.10 billion in 2020. The market is projected to grow from USD 7.80 billion in 2021 to USD 13.75 billion in 2028 at a CAGR of 8.4% in the 2021-2028 period.
According to our researchers, the growth in occurrence of infectious diseases, cancer, and genetic diseases and the increase in the utilization for diagnosing such conditions is the crucial factor accountable for enhancing the market growth during the forecast period.
Key Industry Development
July 2021 – PathStore declared the unveiling of COVID-19 RT-PCR test in India at the lowest price in comparison with other companies. This rapid test is pointed towards getting the most out of COVID-19 diagnosis to assure well-timed treatment.
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Report Scope & Segmentation:
|Forecast Period 2021 to 2028 CAGR||8.4%|
|2028 Value Projection||USD 13.75 billion|
|Market Size in 2020||USD 7.10 billion|
|Historical Data for||2017-2019|
|No. of Pages||135|
|Segments covered||By Type, By Product, By Indication, By End User, By Geography|
|Growth Drivers||The growing prevalence of these infectious diseases is leading to the higher demand for the products for diagnosis, and thus poised to accelerate the market growth.|
|High cost of assays conducted in emerging nations is likely to decrease the adoption of the devices resulting in limiting the market growth.|
Market Growth Drivers
Improvements in PCR Procedures to Hasten Market Growth
Polymerase Chain Reaction is an enzyme-powered procedure intended for augmenting a small area of DNA in-vitro. In spite of this power of magnification, restrictions in its sustaining hardware obstruct from reaching its full prospective. Technological progressions and surging demand for ground-breaking devices have resulted in the…