Global Polymerase Chain Reaction Market 2016-2020

Global polymerase chain reaction(PCR) market overview

According to PCR Market forecast, our analysts predict that this market will grow rapidly and will post a CAGR of more than 8% over the forecast period. PCR has extensive applications in various fields including diagnosis of infectious diseases, in forensics, and various other biologicals purposes. It is primarily used in the diagnosis of diseases, such as middle ear infections, tuberculosis, and Lyme diseases. In the recent years, PCR has also been vastly used in forensic applications like DNA fingerprinting to identify a particular person accurately and quickly. Moreover, various molecular research applications, such as DNA sequencing, DNA cloning, and gene expression also use the polymerase chain reaction. With the significant increase in funding and grants offered by various global bodies to develop new solutions in different fields, the market for PCR solutions, including instruments and consumables will have a positive impact in the coming years.

In the recent years, many manufacturers of PCR solutions have either established or have expanded their current manufacturing and sales networks in APAC. The APAC region has a rising geriatric population, which will translate into the increasing incidences of chronic diseases like cancer, and PCR is extensively used to study and analyze gene anomalies and mutations associated with such diseases. Moreover, the vendors are migrating their manufacturing facilities to APAC as it is not only economical in terms of operations but also gives them access to the domestic markets in the region and in turn, contributes to the overall PCR market growth.

Competitive landscape and key vendors