qPCR Instruments Market is expected to expand at a CAGR of 3.4% from 2021 to 2028

 qPCR Instruments Industry Overview

The global qPCR instruments market size to be valued at USD 1.39 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% during the forecast period.

 

The growing prevalence of diseases, technological advancements, and increasing demand for qPCR instruments are anticipated to drive the market over the forecast period. Increased focus on diagnostics attributed to the spread of COVID-19 is projected to propel the demand for qPCR instruments in the upcoming years. The demand for qPCR equipment and consumables is being driven by the SARS-CoV-2 pandemic. The spike in the incidence of COVID-19 is expected to add significantly to the number of preventive screenings. This can be attributed to the fact that the number of COVID-19 patients cannot be ascertained without proper screening owing to a large number of asymptomatic cases.

 

Gather more insights about the market drivers, restrains and growth of the Global qPCR Instruments Market

 

The launch of new products is expected to change certain market dynamics as it can increase the threat of internal substitution. Furthermore, increasing consumers’ preference for updated and advanced products is creating a demand for technologically advanced products, such as the Mic qPCR system with Bluetooth connectivity and multiple devices that can be connected to the computer simultaneously to run multiple sample sets.

 

The prevalence of chronic diseases, infectious diseases, and genetic disorders, such as Alzheimer’s, Turner syndrome, and Parkinson’s, has increased rapidly, which is expected to fuel the market growth. According to the CDC, chronic diseases such as cancer, diabetes, kidney diseases, and respiratory diseases, including asthma, are accountable for 7 in 10 deaths in the U.S. each year. Faster detection of diseases with PCR can allow for timely and appropriate treatment.

 

Increasing adoption of qPCR technologies is expected to propel this market growth. The adoption of qPCR techniques is increasing owing to their accuracy, automation, precise results, real-time quantification, and sensitivity. qPCR offers a wide range of input nucleic acids, making it an effective and useful technology in research applications.

 

Browse through Grand View Research's Clinical Diagnostics Industry Research Reports

  • Central Lab Market: The global central lab market size was valued at USD 2.84 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030.
  • Polymerase Chain Reaction Market: The global polymerase chain reaction market size was valued at USD 37.36 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.

 

qPCR Instruments Market Segmentation

Grand View Research has segmented the global qPCR instruments market based on instrument and region:

qPCR Instruments Outlook (Revenue, USD Million, 2017 - 2028)

  • 7500
  • QuantStudioDx Real-Time PCR System
  • QuantStudio 5 Real-Time PCR System
  • ViiA 7 Dx
  • StepOne/ StepOne Plus
  • LightCycler 2.0/ 96/ 480/ 1536
  • Cobas 4800
  • CFX96
  • SmartCycler
  • GeneXpert
  • Rotor-Gene Q 5Plex HRM System
  • Rotor-Gene Q
  • BioFire FilmArray Systems
  • BMS Mic System

qPCR Instruments Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Market Share Insights

  • June 2022: Bio-Rad Laboratories, Inc., an American developer, and manufacturer of specialized technology products launched the CFX Duet Real-Time PCR System. The CFX Duet Technology combines Bio-CFX Rad's Opus System's robust thermal performance and patented, precise optical shuttle system with thermal grading functionality to allow optimization in fewer runs
  • May 2022: Thermo Fisher Scientific, Inc., an American supplier of scientific instrumentation, reagents, and consumables announced the launch of the QualTrak Biopharma qPCR instrument. The new QualTrak qPCR Solutions will aid in the rapid creation of new biologics to fulfill the growing demand.

 

Key Companies profiled:

Some prominent players in the global qPCR instruments market include:

  • Thermo Fisher Scientific, Inc.
  • Hoffmann-La Roche Ltd.
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Qiagen
  • Agilent Technologies, Inc.
  • Abbott
  • bioMérieux SA
  • Quantabio
  • Azure Biosystems, Inc.
  • Bio Molecular Systems

 

Order a free sample PDF of the qPCR Instruments Market Intelligence Study, published by Grand View Research.

 

Comments

Post a Comment

Popular posts from this blog

Global Potash Market: Trends, Growth & Forecast 2023-2032

T he global  potash market  size is expected to reach USD 93.50 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032, according to a new study by Grand View Research, Inc. This is attributed to the increasing demand for food and efficient usage of agricultural land. As consumers seek healthier options, there has been a surge in demand for high-value crops like fruits, vegetables, and specialty crops, boosting the demand for potash. Furthermore, the adoption of precision agriculture techniques has become increasingly prevalent in recent years. Precision agriculture involves using advanced technologies and data-driven approaches, such as soil testing and targeted nutrient management, to make informed decisions about fertilizer application.   Farmers are embracing precise and site-specific methods for applying fertilizers, based on field variability and crop requirements. This trend makes way for optimized resource utilization, improved crop performance, and enhanced...
Read more

Smart Ticketing Market Report: Emerging Technologies & Market Opportunities

  The global smart ticketing market size is expected to reach USD 31.65 billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the widespread adoption of smartphones, mobile ticketing channels have gained traction, allowing users to purchase, store, and validate tickets directly on their mobile devices, eliminating the need for physical cards or paper tickets. The convenience and ease of use offered by mobile ticketing have contributed to the growth of the market. Smart ticketing systems generate vast amounts of data on passenger journeys, travel patterns, and ticket usage.   Operators leverage this data to gain valuable insights, optimize operations, and improve the overall passenger experience. Data analytics techniques, such as predictive modeling and real-time monitoring, are being applied to enhance efficiency, manage capacity, and offer personalized services, which bode well for smart ticketing...
Read more

Boosting Crop Yields: India Foliar Fertilizer Market Trends & Forecasts

  The  India foliar fertilizer market  size is expected to reach USD 4.9 billion by 2030, expanding at a CAGR of 11.3% during the forecast period, as per a new report by Grand View Research, Inc. The industry growth is majorly driven by surged demand for food due to increasing population coupled with supportive government initiatives and decreasing arable land in the country.   There has been a significant increase in the global prices of fertilizers and foliar fertilizers. As such, farmers falling into small- and marginal-income categories cannot afford to buy fertilizers resulting in reduced agricultural yields. This has led the Government of India to take initiatives to provide fertilizer subsidies to farmers in the country to make them affordable at subsidized prices. For instance, the Government of India announced a subsidy scheme related to fertilizers worth USD 27 billion in 2022 to ensure that fertilizers are affordable for every farmer in the country. Thus, ...
Read more