LONDON, Feb. 18, 2021 (GLOBE NEWSWIRE) —
New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports
The polymerase chain reaction (PCR) and real-time polymerase chain reaction (RT-PCR) testing market consists of sales of PCR and RT-PCR tests and related services by entities (organizations, sole traders and partnerships) that offer detection of genetic material from a specific organism, such as a virus.
The PCR test is one of the most commonly used diagnostic tests for detecting pathogens (including viruses), that cause diseases such as Ebola, African swine fever and foot-and-mouth disease, and HIV. Since the COVID-19 virus is made up of RNA genomes, real time or conventional RT–PCR is used to detect it.
The global polymerase chain reaction (PCR) and real-time polymerase chain reaction (PCR) testing market reached a value of nearly $22 billion in 2020, having increasing at a compound annual growth rate (CAGR) of more than 28% since 2015. The growth is mainly driven by increase in demand for these tests due to the COVID-19 pandemic. The market is expected to decline at a CAGR of -10.93% from 2020 to reach $12 billion in 2025. The global polymerase chain reaction (PCR) and real-time polymerase chain reaction (PCR) testing market is expected to stabilize and reach $17 billion in 2030, at a CAGR of nearly 6%.
The Business Research Company’s report titled Polymerase Chain Reaction (PCR) And Real-Time Polymerase Chain Reaction (PCR) Testing Global Market Report 2020-30: Covid 19 Implications And Growth covers major PCR testing companies, real-time PCR market share by company, PCR test kit manufacturers, real-time PCR market size, real-time PCR (qPCR) market regional outlook, and real-time PCR testing market forecasts.
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The polymerase chain reaction (PCR) and real-time polymerase chain reaction (PCR) testing market is highly fragmented, with a large number of small players. The top ten competitors in the market constituted 19.8% of the total market in 2019. Major players in the market include Agilent Technologies, Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific, Inc., bioMérieux SA, Bio-Rad Laboratories, Inc. and others.
Player-adopted strategies in the polymerase chain reaction (PCR) and real-time polymerase chain reaction (PCR) testing market as per TBRC’s analysis include strengthening polymerase chain reaction and real-time polymerase chain reaction testing business by getting approvals of new innovative solutions in different geographical region and adapting to rapid and significant technological changes
The impact of the COVID-19 pandemic has been seen on the global polymerase chain reaction and real-time polymerase chain reaction testing market. The pandemic has accelerated the adoption of polymerase chain reaction and real-time polymerase chain reaction (RT-PCR) testing in the healthcare industry, highlighting the power of sequencing-based diagnostic testing in global efforts to combat the spread of the infectious diseases, and its importance in supporting recovery efforts.
Polymerase Chain Reaction (PCR) And Real-Time Polymerase Chain Reaction (PCR) Testing Global Market Report 2020-30: Covid 19 Implications And Growth is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, real-time polymerase chain reaction (PCR) testing market segments and geographies, trends, real-time polymerase chain reaction (PCR) testing market drivers, restraints, leading competitors’ revenues, profiles and market shares.
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