(I-BusinessNews.Com, July 30, 2021 ) Digital PCR Market size is forecast to reach $8.2 billion by 2026, growing at a CAGR of 9.3% during the forecast period 2021-2026. Digital Polymerase chain reaction is used for detection of nucleic acid that provides a reproducible and sensitive way to measure the amount of RNA present. It depicts high potential in clinical diagnostics, and forensics along with the in-vitro amplification of any DNA sample. It is also used for detection of viruses in cerebrospinal fluid of patients that are having neurological disease. The main advantage of digital PCR is that it has high tolerance to inhibitors, play an important role in targeted next-generation sequencing, and it also measures the cancer genes. It has various application in paternity testing and DNA cloning. Rise in prevalence of infectious disease and surge in awareness & acceptance of personalized medicines are the major factors driving the growth of the market. Advancement in technique and growing market penetration is set to further enhance the overall market development of the Digital PCR Market for the period 2021-2026.
Digital PCR Market Segment Analysis Ã‚Â– By Technology Type
Droplet Digital PCR held the largest share in the Digital PCR Market in 2020 and is estimated to grow at a CAGR of 9.7% during the forecast period 2021-2026. This is attributed to the technological advances along with various new product launches. Droplet digital PCR is based on water oil emulsion droplet technology and for the amplification of the template molecules in each individual droplet. It also uses workflows and reagents for most standard probe based assays. Droplet digital PCR also measure the copy number variation by partitioning a PCR reaction into nanoliter droplets. The cross-contamination drawback of droplet digital PCR is increasing the demand of chip based digital PCR. Droplet digital PCR are estimated to register the highest CAGR over the period 2021-2026.
Digital PCR Market Segment Analysis Ã‚Â– By Indication
Infectious disease held the largest share in the Digital PCR Market in 2020 and is estimated to grow at a CAGR 8.6% during the forecast period 2021-2026. This is attributed to the advantages of the droplet digital PCR of infectious diseases such as bacterial, viral, and parasitic indications. Digital PCR provides more accurate, sensitive, and reproductive detection of pathogens according to the National Center for Biotechnology and it is better than real time polymerase chain reaction that are used for clinical diagnostics. The demand of oncology is increasing owing to the growing prevalence of the condition and introduction of new product launches. Oncology are estimated to register the highest CAGR over the period 2021-2026.
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Digital PCR Market Segment Analysis Ã‚Â– By Geography
North America dominated the Digital PCR Market with a major share of 37.6% in 2020. This is attributed to the high prevalence & diagnosis rates for infectious disease and high awareness among patient population towards new diagnostic options. Availability of digital PCR devices, rising incidences of various types of cancer and metabolic diseases requiring advanced diagnosis and therapeutics is also increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing patient awareness regarding advanced digital polymerase chain reaction devices. Developing Healthcare infrastructure is also increasing the growth of the market in this region.
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Digital PCR Market Drivers
Technological Advancements in Digital PCR
Technological advancements in digital PCR is increasing the growth of the Digital PCR Market. This is attributed to the growing demand for innovative devices and increasing research & development activities. Digital PCR is used to quantify and amplify nuclei acid. The introduction of various technologically advanced devices such as droplet digital PCR, chip based, and beam digital PCR is offering great benefits to the market. Thus, increasing the growth of the Digital PCR Market during the forecast period 2021-2026.
Growing Adoption of Digital PCR over Realtime PCR
Growing adoption of digital PCR over Realtime PCR is increasing the growth of the Digital PCR Market. This is attributed to the fact that digital PCR helps to deliver a compete measure to target nucleic acid molecules that is achieved from real time PCR. DNA quantification allows for reproducibility, precision, and sensitive that enables the researches to quantify smaller differences and measure minor variants very precisely. Thus, increasing the growth of the Digital PCR Market during the forecast period 2021-2026.
Digital PCR Market Challenges
High Cost of Digital PCR Devices and Reimbursement Issues Along with the Technical Limitations of PCR
Some of the factors that are set to impede the growth of the Digital PCR Market are high cost of digital PCR devices and reimbursement issues along with the technical limitations of PCR. The adoption of digital polymerase chain reaction techniques is limited owing to the lack of awareness about the digital PCR and the use of its advanced types.
Digital PCR Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Digital PCR Market. In 2020, the Digital PCR Market share is consolidated by the top ten players present in the market. Digital PCR Market, top 10 companies are Thermo Fisher Scientific Inc., BioMerieux SA, Stilla Technologies, Merck KgaA, Combinati Inc., and Bio-Rad Laboratories among others.
North America dominated the Digital PCR Market in 2020 owing to the increasing demand for rapid diagnostic tests and high diagnosis rates for infectious disease. The Digital PCR Market scope for different regions will be provided in the final report.
Technological advancements in digital PCR and growing adoption of digital PCR over real time PCR are likely to aid the market growth of the Digital PCR Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Digital PCR Market report.
High cost of digital PCR devices and reimbursement issues along with the technical limitations of PCR is poised to create hurdles for the Digital PCR Market.
Related Reports :
A. Digital PCR (dPCR) and qPCR Market
B. Polymerase Chain Reaction Technologies Market
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