Albany, NY -- (SBWIRE) -- 02/16/2015 -- According to a new market report published by Transparency Market Research "Polymerase Chain Reaction (PCR) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", the global PCR market was valued at USD 6.1 billion in 2013 and is expected to grow at a CAGR of 6.6% from 2014 to 2020, to reach an estimated value of USD 9.6 billion by 2020.

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Polymerase chain reaction (PCR) is an indispensible amplification technique in clinical and life sciences. The technique is a comparatively precise and robust method that relies on the polymerase enzyme to exponentially amplify trace amounts of DNA/RNA fragments by creating many identical or near identical copies. PCR finds wide range of applications in disease diagnosis, gene library generation, DNA sequencing, cloning, mutagenesis, bacteria and virus detection, and more.

PCR methods have revolutionized the process of disease diagnosis by enabling early and precise diagnosis of pathogens and provide accurate therapeutic treatments. Several molecular diagnostic assays have been developed recently using a variety of PCR technologies such as Abbott's RealTime HCV Genotype II PCR assay and Roche's COBAS HPV test. Major growth drivers include increasing applications of PCR in forensic science, enhanced automation, rising demand for amplification technologies, and research intensive investment by leading biotechnology and pharmaceutical companies. In addition, advancements in PCR technology assisting in personalized medicine is expected to impact growth of the PCR market. At present, at least 6 PCR tests are available for personalized medicine in cancer patients. The examples include Oncotype Dx Breast Cancer Assay (Genomic Health), TheraScreen EGFR (Dx) and BCR-ABL Mutation Analysis Test (Genzyme Genetics).

The global PCR market has been segmented based on the product types, end-users and application. Based on the types of products, the global PCR market has been segmented into two categories: PCR instruments, and PCR reagents and consumables. Among the products segment, reagents and consumables was the largest segment in 2013, accounting for 67% of the global PCR market due to the rising preference for specific reaction dependent reagents and master mixes. Among various end-users of PCR, academics and research organizations accounted for the largest share in 2013, followed by clinical diagnostic labs and hospitals. Based on applications, the market is categorized into life sciences, clinical diagnostics and others.

Geographically, the market has been segmented into four regions: North America, Europe, Asia Pacific and Rest of the World. The global PCR market is driven by a large number of patients suffering from malignant diseases such as leukemia and lymphoma, bacterial and viral infections, and metabolic diseases as well as the ongoing research on the causes and treatment of these diseases. In terms of revenue, North America was the largest market in 2013, followed by Europe. The PCR market in North America was valued at USD 2,614 million in 2013 and is expected to reach USD 3,944.6 million by 2020. In addition, factors such as growing population in emerging economies, rising healthcare awareness and increasing investment in life science research would increase the demand for PCR technologies, especially in countries of Asia Pacific.

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Key players operating in this market include Thermo Fisher Scientific, Roche Diagnostics, Abbott Laboratories, Inc., Agilent Technologies, Sigma-Aldrich Corporation, Beckman Coulter, Bio-Rad Laboratories, Affymetrix, Inc., GE Healthcare, QIAGEN and Becton Dickinson & Company.

The global PCR market is segmented as follows:
Global PCR Market Revenue (USD Million), by Products
Instruments
Standard PCR Systems
Real Time PCR Systems
Digital PCR Systems
Reagents and Consumables
Global PCR Market Revenue (USD Million), by End-Users
Pharmaceutical and Biotechnology Industries
Clinical Diagnostics Labs and Hospitals
Academic and Research Organizations
Global PCR Market Revenue (USD Million), by Applications
Clinical Diagnostics
Life Sciences
Others
Global PCR Market Revenue (USD Million), by Geography
North America
Instruments
Reagents and Consumables
Europe
Instruments
Reagents and Consumables
Asia Pacific
Instruments
Reagents and Consumables
Rest of World
Instruments
Reagents and Consumables

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