PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1373916
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1373916
Thermal cyclers market size was valued at USD 790.2 Million in 2022, expanding at a CAGR of 9.9% from 2023 to 2030.
Thermal cyclers are known as polymerase chain reaction (PCR) devices that that promotes the formation of nucleic acid chains, that is, DNA and RNA. These devices offer a temperature-sensitive response and are utilized in several laboratories to diagnose many diseases. The machine is made of a heater block with various holes for supporting the pipe. Cyclers have the ability to pre-planned programs by lowering or raising the temperature. Modern machines have a heated lid for managing temperature rather than the older machines, where the block is submerged in an oil bath. Thus, this is essential for the emerging market.
Thermal Cyclers Market- Market Dynamics
Evolving patterns of life science research are driving product adoption
The evolving character of life science research in the global thermal cyclers market is projected to grow over the forecast period as thermal cyclers play an irreplaceable role. They are extensively utilized for numerous activities such as DNA sequencing, detection of sequence-tagged sites, studying gene expression patterns, and DNA and Ribonucleic acid (RNA) quantification. Additionally, owing to the significance of life science research as it aids researchers in gaining vital insights into disease processes, the pharmaceutical industry across the globe is investing resources to a greater extent in related fields. Moreover, the development of novel medical devices and cutting-edge treatments has resulted greatly from the study of life sciences. The requirement for thermal cyclers will continue to grow as the healthcare and pharmaceutical industry is under pressure to enhance human health by developing treatments for existing conditions and researching potential health risks. However, the lack of established infrastructure to support the use of thermal cyclers is expected to hamper the market expansion.
Thermal Cyclers Market- Key Insights
As per the analysis shared by our research analyst, the global thermal cyclers market is estimated to grow annually at a CAGR of around 9.9% over the forecast period (2023-2030)
The thermal cyclers industry is projected to grow at a significant rate due to the evolving character of life science research
Based on application segmentation, diagnostics was predicted to show maximum market share in the year 2022
Based on type segmentation, real-time was the leading type in 2022
Advanced technologies including, hot start PCR and qPCR which provide accurate results are major drivers projected to fuel the growth of the global market.
The global thermal cyclers market is segmented on the basis of product type, application, type, and end user, and region.
The market is divided into eight categories based on application: forensics, diagnostics, genotyping, sequencing, mutagenesis, cloning, clinical research, manufacturing and quality control testing, and others. The diagnostics segment is likely to witness the highest growth as these tools are used for molecular diagnostic tests. The thermal cyclers' invention has managed to revolutionize the sector of medicine as it assists in identifying and detecting genetic markers, disease-related mutations, and pathogens.
The market is divided into two categories based on type: real-time and gradient. The real-time segment is expected to observe the highest revenue. The real-time segment is used to track or monitor DNA or RNA amplification in real-time, this enables researchers to draw quantitative and conclusive data on the initial template concentration. Moreover, gradient thermal cyclers help in building thermal gradients among the block or the well plate. They are also advantageous during simultaneous testing of various annealing temperatures in a single run.
Thermal Cyclers Market- Geographical Insights
The thermal cyclers market is geographically extensive and includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is likely to dominate the thermal cyclers market owing to the increasing number of industries, increase in health care expenditure, high adoption of PCR machines and developed health care infrastructure in the region. Moreover, Asia-Pacific is projected to grow at the highest growth rate over the forecast period. The increased research activities in the fields of genetics and forensics, rising funding for research activities, and the high adoption of new technology are attributed to drive the growth in this particular region.
Thermal cyclers are widely used for PCR operations and although the application range is large, numerous opportunities might enable the application of this equipment in non-PCR technologies. Various advantageous factors such as the rate of temperature change of heating block and size and type of instrument are assisting to drive the market growth. Moreover, thermal cyclers are competitive with several market players present as these players are focusing on adopting strategies to gain a competitive edge in the market including partnerships, new product launches, collaboration, mergers & acquisitions, and R&D activities. For instance, in September 2023, Bio-Rad Laboratories, Inc. announced the launch of its PTC Tempo 48/48 and PTC Tempo 384 Thermal Cyclers, created to support PCR applications in basic and translational research, quality control, and process development.
For instance, in June 2021, Biotech and pharma labs enabled endpoint polymerase chain reaction (PCR) can amplify samples in as little as 15 minutes with the new Promega GoTaq® Rapid Master Mix connected with the Eppendorf Mastercycler® X50s thermal cycler. The combination provides one of the fastest endpoint PCR solutions on the market.