Global qPCR Reagents Market is likely to grow at a CAGR of 7.75% by 2021 | Market Data Forecast

The Global qPCR Reagents market was worth USD 1.4 billion in 2016 and estimated to be growing at a CAGR of 7.75%, to reach USD 2.03 billion by 2021. A qPCR is also known as real-time polymerase chain reaction, and it is a laboratory method of molecular biology dependant on the polymerase chain reaction. It involves screening the magnification of a specific DNA segment while the polymerase chain reaction is undergoing.

It can be applied in two variations, the semi-quantitative real-time polymerase chain reaction and quantitative real-time polymerase chain reaction. Applications of qPCR include gene expression, gene typing, miRNA analysis, pre-amplification and virus detection. The process is usually carried out in a thermal cycler which has the capacity to illuminate each sample with a beam of light of at least one specified wavelength. The thermal cycler is able to rapidly heat and chill samples.

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The rise of the qPCR Reagents market is mainly driven by factors such as the increasing patient population affected by genetic disorders and other infectious diseases, the increased geriatric population and the advancements in technology in the life sciences domain. Other contributors to the growth rate include the rising funding flowing in from the public and private sector, and conferences and workshops held on the topic. The market would have been freely growing if not for the technical difficulty and the high costs associated with the process.

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The Global QPCR Reagents market is broadly classified based on Detection Method into Dye-Based qPCR Reagents and Probes and Primer-Based qPCR Reagents, based on Packaging Type into qPCR Core Kits and qPCR Mastermixes. Based on End User they are classified into Hospitals & Diagnostic Centres, Research Laboratories & Academic Institutes, Pharmaceutical & Biotechnology Companies, Clinical Research Organizations and Forensic Laboratories and on the basis of Application they are classified into Diagnostic, Research and Forensic Applications. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The QPCR Reagents is dominated by North America in 2016 with the region accounting for 38% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another market that shows promise in the coming years is Latin America.

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There are number of multinational companies operating in the field of qPCR reagents market globally. The major market players in the qPCR Reagents market are Thermo Fisher Scientific, Bio-Rad Laboratories, Qiagen N.V., F. Hoffmann-La Roche, Agilent Technologies Inc., Takara Bio, Affymetrix Inc., Promega Corporation, Sigma-Aldrich Corporation, and Quanta Biosciences.

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