Polymerase chain reaction (PCR) technically replicates a specific part of DNA to further analyze and gain meaningful insights. Significantly, PCR uses five key materials including DNA nucleotides, primers, Taq polymerase, DNA templates, and buffers. So far, PCR technology has gained popularity owing to its efficiency and convenience offered. Rising awareness of advanced procedures and preference for personalized medicine has fuelled the demand for polymerase chain reaction technologies. With the growing geriatric population, the need for hospitals and the frequency of infectious diseases have also increased. To achieve an outsize impact, the players in the market are accelerating the pace of innovation in the domain. These trends are poised to sculpt the polymerase chain reaction market dynamics in the coming years, creating sound growth prospects.
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Rising Prevalence of Chronic and Infectious Diseases to Aid Market Growth
Of late, the incidence of cancer cases has taken the world by storm, raising the global cancer burden. The Indian Council of Medical Research predicts a 12% rise in the incidence of cancer by 2027, in India alone. Cervical, breast, and oral cancers are more pervasive in India. The National Center for Biotechnology Information in May 2022 reported an approximated 26.7 million cases of cancer in India, in 2021; the count is predicted to reach 29.8 million in 2025. To mitigate this count, timely diagnosis and treatment hold paramount importance. The polymerase chain reaction is extensively used in paternity testing, DNA fingerprinting, infectious disease detection and diagnosis, quality control, clinical infectious illness diagnosis, customized medicine, and DNA fingerprinting. On the whole, an incessant rise in infectious diseases and chronic and genetic disorders is driving the global polymerase chain reaction market.
Avant-Garde Technological Advances to Fuel Market Growth
PCR is an in vitro technique that amplifies a specific region of DNA, enabling the development of multiple replicas of a particular DNA sequence. However, with several gear constraints, this technology is yet to mature to the desired level. Demand for novel products and shortage of technologically advanced devices have created a coercive environment for the development of high-tech polymerase chain reaction solutions. These solutions provide a range of clinical benefits to patients and healthcare practitioners, including drug discovery, manufacturing quality control, and several other highly critical testing conditions. Through consistent efforts in the development and launch of more sophisticated gadgets, leading market players are assuring influential growth across the polymerase chain reaction market.
Rising Prevalence of Genetic And Chronic Disorders Paves Way for North America
With a dramatic rise in the prevalence of genetic and chronic disorders, North America swiftly attains leadership in the global polymerase chain reaction market. The growing geriatric population and demand for precision and personalized medicine are further mounting the demand for polymerase chain reaction gadgets. Key players opt for strategic endeavors and heavily invest in manufacturing such novel products. A favorable business and propitious government initiatives are further enabling the region to acquire a major cut of the global market revenue.
Major Market Players
Some of the most prominent players operating at the forefront of the global polymerase chain reaction market include Microsynth AG, Danaher, Standard BioTools, Thermo Fisher Scientific Inc., Stilla, Abbott, Bio-Rad Laboratories, F-Hoffmann-La Roche Ltd., Agilent Technologies, Inc., and Qiagen.
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