July 21, 2022 15:00 ET | Source: Straits Research Straits Research
New York, United States, July 21, 2022 (GLOBE NEWSWIRE) -- The digital polymerase chain reaction (dPCR) is a new way to find and measure nucleic acids. It is sensitive and can be done over and over again to figure out how much DNA or RNA is in a sample. dPCR has a lot of potential in research (both basic and applied research), clinical diagnostics, forensics, and other areas. Copy number variation, finding rare sequences, finding mutations, analyzing miRNA, analyzing gene expression, and figuring out how much of a sample to use for next-generation sequencing are all uses for digital PCR systems.
As infectious diseases are becoming more common and more people are learning about them and accepting personalized medicines, the global digital PCR market is likely to grow a lot in the near future. During the forecast period, technological advances are also expected to help the market grow.
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Rise in Prevalence of Infectious Diseases and Cancer, along with the Increased Awareness and Acceptance of Personalized Medicines Driving the Market Forward
One of the main things pushing the global digital PCR market forward is the alarming rise in cancer and infectious diseases. For instance, cancer is one of the leading causes of death around the world. According to the World Health Organization, there were be 18.4 million new cases of cancer in 2020, and 9.7 million people will die from the disease.
Because there are more people with chronic diseases, the need for digital PCR technologies to find diseases early is expected to grow. WHO and UNAIDS say that by the end of 2020, 38 million people around the world will have HIV. So, the growing demand for digital PCR technologies that can find these diseases early has a positive effect on the growth of the market.
Increased Awareness and Acceptance of Personalized Medicines is a Key Driver for the Global Digital PCR Market
According to the Personalized Medicine Coalition, the number of personalized treatments had grown dramatically since 2008, when only five were available (PMC). As more people are learning about and accepting personalized medicines, there are now more than 145 personalized therapies in the market. Also, the number of personalized medicines is growing as the FDA quickly approves more tests and treatments that can make health care more effective and efficient. Diagnostic tests also help doctors figure out the best way to treat each patient.
Technological Advancements Playing a Vital Role in the Growth of the Digital PCR Market
Major players in the industry are helping the market grow by giving healthcare professionals access to more advanced products that can be used to detect infectious diseases, cancer, blood screening, and other things. These products are made possible by improvements in digital PCR technologies. So, rapid technological progress is a big reason why the global digital PCR market is expected to grow over the next few years.
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Increased Funding for R&D Activities in the Digital PCR Tests Creates a Wide Range of Opportunities
As the number of people with infectious diseases and cancer has gone up, so has the need for early detection techniques. Because of this, more money has been put into research and development projects that could help find these diseases early.
Also, big companies invest in the development of molecular diagnostics with digital PCR because they expect the field to grow and become more popular. During the forecast period, more money for research and development (R&D) projects that use digital PCR for different purposes is likely to increase the use of this technology and create new opportunities for the global market to grow.
Regional Segmentation of Global Digital PCR Market –
The global digital PCR market is primarily segmented into three regions, namely North America, Europe, and Asia-Pacific, out of which the North American region has a sheer dominance in the market over other regions.
North America had the biggest share of the market and is expected to grow steadily over the next few years. This is because of its well-developed healthcare industry, the presence of leading molecular diagnostics companies that invest in launching new products, and the rise in the number of patients using personalized medicines. The digital PCR market in North America grew because there were older people, more infectious diseases were being diagnosed, and there were better healthcare facilities. With all this, the region is said to grow at a CAGR of 8.3% over the forecast period.
In 2020, Europe had the second-largest share of the global digital PCR market, and it is expected to keep growing steadily during the forecast period. This is because diseases like COVID-19 and other infectious diseases are becoming more common in Europe. This is because biotech companies are putting more money into research and development (R&D) to make better products that will sell more, which is why the European region is said to grow to USD 418.7 million by 2030 at a CAGR of 9.3%.
As there are more people in the Asia-Pacific region with chronic diseases like cancer, HIV, and hepatitis, and because healthcare facilities are getting better, molecular diagnostics companies can make a lot of money there. With the emerging economies spending a lot on their healthcare facilities, the Asia-Pacific region is said to grow at a rapid pace.
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The major key players in the global digital PCR market are
Global Digital PCR Market: Segmentation
3.2 Value Chain Analysis: Global Digital PCR Market
3.4 Porter’s Five Forces Analysis
3.7 Impact of COVID-19 on Global Digital PCR Market
4.1.1 Market Size & Forecast (Value)
4.2.1 Market Size & Forecast (Value)
4.3.1 Market Size & Forecast (Value)
4.4.1 Market Size & Forecast (Value)
5.1.1 Market Size & Forecast (Value)
5.2.1 Market Size & Forecast (Value)
5.3.1 Market Size & Forecast (Value)
6.1.1 Market Size & Forecast (Value)
6.2.1 Market Size & Forecast (Value)
6.3.1 Market Size & Forecast (Value)
6.4.1 Market Size & Forecast (Value)
9.1.1 Market Size & Forecast (Value)
9.2.1 Market Size & Forecast (Value)
9.3.1 Market Size & Forecast (Value)
9.4.1 Market Size & Forecast (Value)
10.1.1 Market Size & Forecast (Value)
10.2.2 Central, South America and the Caribbean
10.2.2.2.3 The Rest of Central, South America and the Caribbean
10.3.1 Market Size & Forecast (Value)
10.3.2.6 The Rest of Western Europe
10.4.1 Market Size & Forecast (Value)
10.5 The Middle East & Africa
10.5.1.1 Market Size & Forecast (Value)
10.10.2.1 Market Size & Forecast (Value)
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North America to Dominate the PCR Kits Market
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