PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498761
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498761
PCR-based Infectious Diseases Market size was valued at USD 4,790.32 million in 2023, expanding at a CAGR of 6.91% from 2024 to 2032.
The PCR-based infectious diseases market refers to the segment of the healthcare industry focused on diagnostic techniques that utilize Polymerase Chain Reaction (PCR) technology to identify pathogens responsible for infectious diseases. PCR is a molecular biology technique used to amplify DNA segments, making it a powerful tool for detecting the presence of viruses, bacteria, fungi, and other pathogens in clinical samples. The market has been experiencing steady growth due to several factors, including the increasing incidence of infectious diseases, advancements in PCR technology, growing demand for rapid and accurate diagnostic techniques, and rising healthcare expenditure. There is a growing trend towards the adoption of PCR-based POCT devices, which enable rapid and decentralized testing, particularly in resource-limited settings and for outbreak management.
PCR-based Infectious Diseases Market- Market Dynamics
Increasing Trend Toward the Adoption of PCR-based POCT Devices
PCR-based POCT devices offer rapid and accurate results, often within minutes, allowing for quick diagnosis and timely intervention. This is especially crucial in settings where immediate decisions need to be made regarding patient care. Many PCR-based POCT devices are integrated with digital health technologies, such as smartphone apps or cloud-based platforms, enabling real-time data analysis, remote monitoring, and seamless communication between healthcare providers and patients. According to the World Health Organization (WHO), the human immunodeficiency virus (HIV) is the source of the chronic infectious illness AIDS. World Health Organization (WHO) estimates for 2021 show that 0.65 million individuals died from HIV-related causes and that 38.4 million people worldwide were still living with the virus.
PCR-based Infectious Diseases Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.91% over the forecast period (2024-2032)
Based on disease type segmentation, viral diseases were predicted to show maximum market share in the year 2023
Based on application segmentation, Clinical diagnostics was the leading type in 2023
Based on end-user segmentation, Hospitals & Clinics was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global PCR-based Infectious Diseases Market is segmented on the basis of Disease Type, Application, End User, Technology, and Region.
The market is divided into four categories based on end-users: Hospitals & Clinics, Diagnostic Laboratories, Research Institutes, and Pharmaceutical & Biotechnology Companies. Hospitals make up the biggest end-user segment. The main healthcare facilities that conduct a variety of diagnostic tests, such as PCR molecular diagnostics, are hospitals. In hospitals, PCR technology is essential for the precise and prompt identification of a wide range of illnesses. The requirement for quick and accurate diagnostic tests to inform therapy and patient management choices is what drives the demand for PCR molecular diagnostics in hospitals.
The market is divided into two categories based on application: Clinical diagnostics, Research applications, and Epidemiological studies. Clinical diagnostics is the largest segment. PCR-based infectious disease testing is essential for detecting and tracking a wide range of pathogens, such as bacteria, viruses, and fungi. The need for PCR-based infectious disease testing is driven by the prevalence of infectious diseases, including respiratory infections, STDs, and infections linked to healthcare, around the world.
PCR-based Infectious Diseases Market- Geographical Insights
North America region tends to have a significant market share due to well-established healthcare infrastructure, high healthcare expenditure, and early adoption of advanced diagnostic technologies like PCR. The United States and Canada are key contributors to this market. Regulatory frameworks and healthcare policies can vary between different states and provinces, influencing market dynamics. For example, differences in reimbursement policies or regulatory approvals can impact the adoption and penetration of PCR-based diagnostics. Countries in Europe also have a considerable market share owing to advanced healthcare systems and a high prevalence of infectious diseases. Countries like Germany, the UK, France, and Italy are major markets for PCR-based infectious disease diagnostics.
The market is characterized by the presence of several key players, including biotechnology and diagnostic companies, academic research institutions, and healthcare organizations. Major players in PCR-based Infectious Diseases include Abbott Laboratories, Takara Bio, Inc, Thermo Fisher Scientific, Qiagen N.V., Roche Diagnostics etc. These players compete through product innovation, strategic collaborations, and geographical expansion. Roche is a major player in the PCR-based diagnostics market, offering a wide range of PCR-based tests for infectious diseases, including HIV, hepatitis, and respiratory infections. Thermo Fisher provides a broad portfolio of PCR-based products and solutions for infectious disease testing, including assays for COVID-19, respiratory infections, and sexually transmitted infections. Qiagen offers a range of PCR-based assays and sample preparation technologies for infectious disease testing, including tests for respiratory infections, gastrointestinal infections, and sexually transmitted infections.
In September 2022, Minute Molecular Diagnostics, a Northwestern University spinoff created a quick polymerase chain reaction (PCR) test for COVID-19. The researchers are employing Minute Molecular's DASH Analyzer, a small, portable device that offers easy-to-read results in around 15 minutes, to create a quick PCR test.
In August 2021, QIAGEN and GT Molecular collaborated to proposal a complete SARS-CoV-2 wastewater recognition resolution based on QIAcuity Digital PCR innovation.
GLOBAL PCR-BASED INFECTIOUS DISEASES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Abbott Laboratories
Takara Bio, Inc
Thermo Fisher Scientific
Qiagen N.V.
Bio-Rad Laboratories, Inc
Roche Diagnostics
Cepheid
DiaSorin
Others