Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 143 Million | USD 312 Million | 9.3% | 2021 |
FrequentlyAsked Questions
There is a significant shift from droplet to chip-based dPCR diagnosis of a wide range of diseases. Such advancements in the field of digital PCR devices are likely to drive the growth of the global digital polymerase chain reaction market exponentially in the forthcoming years.
The market was valued at $143 million in 2021 and is likely to reach $312 million by the end of 2028. The market is set to experience a high growth rate of 9.3 % during the forecast period.
Some of the significant players in the global digital polymerase chain reaction market includes STILLA, JN Medsys, Formulatrix, Inc, Fluidigm Corp, Thermo Fisher Scientific Inc., Agilent Technologies, and Bio-Rad Laboratories, Inc.
North America accounts for the largest share in the global digital polymerase chain reaction market due to the presence of well-established healthcare infrastructure in the region. Furthermore, the presence of leading molecular diagnostic and associated manufacturers in the region will further propel the growth of the regional market.
Transformation to chip-based digital PCR from traditional droplets-based tests will boost the growth of the global market.
There is a significant shift from droplet to chip-based dPCR diagnosis of a wide range of diseases. Such advancements in the field of digital PCR devices are likely to drive the growth of the global digital polymerase chain reaction market exponentially in the forthcoming years. Furthermore, in the commercially operating droplet dPCR, the droplets need to be transferred manually, which leads to the target underestimation. Also, such kits pose a risk of cross-contamination while detecting the samples.
Lack of awareness among people is a huge challenge in the global market.
Despite the growing incidences of chronic illness among people globally, there is comparatively lesser demand for digital PCR due to the lack of awareness among people, which in turn is likely to emerge as a huge challenge in the global marketplace.
Growing applications of digital PCR in veterinary and microbiological sciences are likely to open several new avenues in the global market. The global digital polymerase chain reaction market is expected to witness a significant opportunistic focus due to the large-scale utilization of novel applications in laboratories. There is growing adoption of these techniques, particularly in veterinary and microbiology sciences, which in turn is likely to create huge opportunities in the forthcoming years. Furthermore, the automation of advanced instruments has powered healthcare professionals and scientists to detect genetic samples with quantitative accuracy at a lower cost. Apart from this, lesser hands-on involvement during the sample detection is likely to increase the quality of output, reduce foreign contamination, and save time.
The global digital polymerase chain reaction market can be segmented into end-user, application, product type, technology, and region. By technology, the market can be segmented into BEAMing digital PCR, chip-based digital PCR, and droplet digital PCR. By product type, the market can be segmented into software & services, consumables & reagents, and digital PCR systems. The software & services segment accounts for the largest share in the global market due to the fact that it helps in enhancing the efficiency of management of digital PCR, thereby propelling the demand in the market. By application, the market can be segmented into forensic, clinical, diagnostic, research, and others. By end-user, the market can be segmented into universities, clinical diagnostic laboratories, pharmaceutical & biotechnology industry, and others.
Expensive digital PCR devices are likely to hamper the growth of the global market. There is a global spike in the incidences of infectious diseases, genetic disorders, and cancer among populations. But still, there is a low adoption rate of digital polymer chain reaction techniques due to the high cost of available digital PCR devices in the market.
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