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"Polymerase Chain Reaction (PCR) is a rapid method to amplify DNA in molecular biology field, enabling researchers to produce millions of copies of specific DNA. Though the sample quality is not so good all the time, factors such as short duration, technological advancements and the ease of procedure are boosting its adoption.
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The global PCR market is expected to grow at a CAGR of more than 9% from 2014 to 2020 to reach a market size of $14 billion by the end of 2020. The PCR market is mainly segmented by products, techniques, applications, and end users. The market assessment of the above mentioned segments is made across the geographies such as North America, Europe, Asia-Pacific, LATAM and MENA.
Factors such as rising investments in drug discovery technologies and diagnostics, increasing demand for innovative technologies for rapid and accurate diagnosis of life threatening diseases, advanced digital PCR, Patent expiry, increasing applications in the fields of life sciences research, clinical diagnostics and molecular testing are driving the PCR market growth. However, high cost of some of the commercial PCR’s, stringent government regulations, emergence of alternate technologies such as Next Generation Sequencing, lack of awareness and shortage of skilled labour are expected to hinder the PCR market growth.
The global PCR market based on products is segmented into instruments, reagents and consumables, software and services. Further segmentation of each of these segments is derived across the geographies. Reagents and consumables commanded the largest market growing at a strong CAGR during the forecast period, whereas the services segment is expected to register a high...