qPCR Instruments Market – By Product Type, By Application, By End-use – Global Forecast, 2024 – 2032
Report ID: GMI11781
|
Published Date: October 2024
|
Report Format: PDF
Download free sample
Get a free sample of qPCR Instruments Market
Get a free sample of qPCR Instruments Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
Immediate Delivery
$4,123 $4,850
15% off
$4,280 $5,350
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 211
Countries covered: 22
Pages: 135
Download Free Sample
qPCR Instruments Market Size
The global qPCR instruments market size was valued at around USD 1.6 billion in 2023 and is estimated to grow at a CAGR of 8.4% from 2024 to 2032. The increasing prevalence of diseases worldwide and the rising emphasis on personalized medicine are driving the growth of the market.
The increasing prevalence of diseases globally is a major factor in this growth, as real-time quantification tools are critical for diagnosing and monitoring infectious diseases, cancer, and genetic disorders. qPCR's ability to provide rapid, accurate results makes it indispensable in disease detection, particularly in regions facing rising rates of infections and chronic conditions. Factors contributing to the increasing prevalence of diseases include urbanization, aging populations, and lifestyle changes that heighten the risk of non-communicable diseases. According to the World Health Organization (WHO), non-communicable diseases now account for 74% of global deaths, increasing the demand for advanced diagnostic tools like qPCR.
Additionally, the rising emphasis on personalized medicine is further propelling the qPCR instruments market, as qPCR enables precise genetic profiling and real-time monitoring, which are critical for tailoring treatments to individual patients. Personalized medicine relies on accurate molecular diagnostics to identify genetic mutations and biomarkers, making qPCR an essential tool in optimizing patient care. As the demand for individualized therapies grows, qPCR’s role in drug development, companion diagnostics, and targeted treatments continues to expand, driving market growth.
qPCR (quantitative Polymerase Chain Reaction) instruments are advanced laboratory devices used to amplify and simultaneously quantify a specific DNA or RNA sequence in real time. These instruments combine thermal cycling with fluorescence-based detection, enabling accurate quantification of nucleic acids during the amplification process.
qPCR Instruments Market Trends
qPCR Instruments Market Analysis
Based on product type, the market is segmented into qPCR systems, reagents & consumables, and software. The qPCR systems segment dominated the market in 2023, accounting for USD 644.2 million.
Based on application, the qPCR instruments market is segmented into gene expression, genotyping, pathogen detection, diagnostics, and other applications. The gene expression segment dominated the market in 2023 with a market share of 26.6%.
Based on end-use, the qPCR instruments market is segmented into diagnostic laboratories, hospitals & clinics, pharma & biotech companies, and other end-users. The diagnostic laboratories segment is anticipated to reach USD 1.2 billion by 2032.
The North America qPCR instruments market accounted for USD 621 million in revenue in 2023 and is anticipated to grow at a CAGR of 8.1% between 2024 and 2032.
The U.S. held a dominant position in the qPCR instruments market, with a revenue of USD 579.3 million in 2023.
The UK qPCR instruments market is anticipated to witness substantial growth from 2024 to 2032.
Japan holds a dominant position in the Asia-Pacific qPCR instruments market.
qPCR Instruments Market Share
The market is fragmented, with a mix of large multinational corporations and numerous small to mid-sized companies competing for market share. The key strategies driving growth in this sector include the development and introduction of innovative qPCR technologies that offer enhanced accuracy, efficiency, and cost-effectiveness. This focus on innovation is crucial for addressing the evolving needs of clinical diagnostics and research while improving patient outcomes. As companies strive to stay competitive, advancements in qPCR technology are pivotal for capturing market share and meeting the increasing demand for sophisticated diagnostic and research tools.
qPCR Instruments Market Companies
Some of the eminent market participants operating in the qPCR instruments industry include:
qPCR Instruments Industry News:
qPCR instruments market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Product Type
Market, By Application
Market, By End-users
The above information is provided for the following regions and countries: