(I-BusinessNews.Com, July 07, 2021 ) Companies in the polymerase chain reaction (PCR) and real-time polymerase chain reaction testing market are focusing on the development of automated solutions for the devices and equipment used for COVID-19 testing. Automation of the process will help to enhance productivity and consistency of the whole diagnostic process along with reducing contact points for samples, consumables and liquid handling which improves safety of clinical and laboratory personnel. Automation increases speed, reduces errors and the number of tests that can be performed per day also increases. For instance, Switzerland based healthcare company, RocheÂs RT-PCR testing cobas platform which was granted Emergency Use Authorization by the FDA in March 2020, automates testing of nasopharyngeal and oropharyngeal swab samples from patients suspected of having COVID-19.
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. PCR and RT-PCR testing establishmentsÂ manufacture, develop or deploy the related devices and reagents, to detect and measure the DNA (or RNA) in a sample. These are manufactured by the entities that manufacture in-vitro rapid diagnostic tests in the medical equipment industry. These tests usually provide results within a few days or hours depending on the type of test conducted. The companies involved in manufacturing these test kits are primarily engaged in the design, research and production of the PCR and RT-PCR testing which are used in hospitals and clinics, home care, diagnostic laboratories, and research institutions.
PCR And RT PCR Testing Market Report Segments:
By Product- Consumables & Reagents, Instruments, Software
By End-User- Clinical Diagnostic, Life Science Research, Industrial Applications, Others
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PCR And RT PCR Testing Market Size Forecast:
The global polymerase chain reaction and real-time polymerase chain reaction testing market reached a value of nearly $22,380 million in 2020, having increasing at a compound annual growth rate (CAGR) of 28.11% since 2015. The growth is mainly due to the increase in demand for these tests due to the pandemic. The market is expected to decline at a CAGR of -10.93% from 2020 to reach $12,546.83 million in 2025. The global polymerase chain reaction and real-time polymerase chain reaction testing market is expected to stabilize and reach $17,054.69 million in 2030, at a CAGR of 6.33%.
Major Players in the PCR And RT PCR Testing Market:
Agilent Technologies, Inc.
F. Hoffmann-La Roche AG
Thermo Fisher Scientific, Inc.
Bio-Rad Laboratories, Inc
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PCR And RT PCR Testing Market – By Product (Consumables & Reagents, Instruments, Software), By End-User (Clinical Diagnostic , Life Science Research, Industrial Applications, Others) And By Region, Opportunities And Strategies Â Global Forecast To 2030 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, PCR and RT PCR testing market segments and geographies, PCR and RT PCR testing market trends, drivers, restraints, leading competitorsÂ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitorsÂ approaches.
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