Global Thermal Cyclers Market 2024-2031

Thermal Cyclers Market Size, Share & Trends Analysis Report by Product Type (Instruments, Consumables, and Accessories), by Application (Diagnostics, Sequencing, Cloning, Genotyping, Mutagenesis, Manufacturing and Quality Control Testing, Clinical Research, and Others), by End-Users (Pharmaceutical Industries, Academic and Research Institutes and Diagnostic Laboratories) Forecast Period (2024-2031)

Thermal cyclers market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031). The market growth is attributed to the increasing progress in the field of genomics research. Thermal cyclers are critical to many industries, such as pharmaceuticals, forensic science, research labs, and medical diagnostics. Their ability to quickly and accurately amplify DNA makes them indispensable for tasks such as pathogen detection, gene expression analysis, and genetic issue detection.

Market Dynamics

Increasing Demand in Automation and High-Throughput Systems

Growing demand in clinical diagnostics and large-scale genomic research for automated, high-throughput thermal cyclers is driving the market growth. These solutions boost productivity, decrease the need for manual intervention, and enhance data accuracy. High-throughput PCR (Polymerase Chain Reaction) is best suited for automated systems as they can operate continuously with minimum human involvement, cutting down on the amount of time required for manual experimental setup and maximizing the number of reactions that can be conducted in a given amount of time.

IoT-enabled Remote Monitoring of PCR Thermal Cyclers

Several molecular biology laboratory equipment manufacturers have introduced IoT (Internet of Things) technology. The PCR-based WiFi module allows the PCR process to be monitored remotely. The information that appears on the machine's screen, such as temperature and time, can now also be seen on the screen of a smartphone in real-time. For instance, a mobile application called TurboAPP allows users to install and configure the dashboard. The WiFi module built into the machine serves the same function as a wireless router and a connection can be established directly with a smartphone.

Market Segmentation

• Based on the product type, the market is segmented into instruments, consumables and accessories.
• Based on the application, the market is segmented into diagnostics, sequencing, cloning, genotyping, mutagenesis, manufacturing and quality control testing, clinical research, and others (forensics).
• Based on the end-users, the market is segmented into pharmaceutical industries, academic and research institutes, and diagnostic laboratories.

Diagnostics is Projected to hold the Largest Segment

Thermal cyclers are essential tools for molecular biology, genetics, and molecular diagnostics as they can provide precise, controlled temperatures over brief periods. This helps with gene analysis and discovery as well as the diagnosis of infectious and genetic diseases. The key players advance personalized healthcare and support outbreak readiness by delivering agility and flexibility for translational research and diagnostics. For instance, in November 2023, Roche introduced a next-generation qPCR system to advance clinical needs in molecular diagnostics and address public health challenges. The LightCycler PRO System complements Roche's molecular PCR testing portfolio.

Diagnostic Laboratories to Hold a Considerable Market Share

The factors supporting segment growth include PCR research for sequencing, cloning, genotyping, mutagenesis, and more. For instance, Thermo Fisher Scientific Inc. offers 'Applied Biosystems' thermal cyclers for PCR. These help generate precise, consistent, reproducible results for every experiment, and budget.

Regional Outlook

The global thermal cyclers market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Growing Demand for Thermal Cyclers in Asia-Pacific

• The regional market growth is attributed to the growth of point-of-care testing and the development of portable thermal cyclers, particularly in areas with limited resources and remote locations. The healthcare industry extended its market owing to the growing uses of PCR techniques in environmental monitoring, forensics, and agriculture. The development of novel PCR-based tests and technologies through collaborations between academic research institutions, pharmaceutical corporations, and biotechnology organizations is anticipated to propel market expansion.

North America Holds Major Market Share

North America holds a significant share owing to the presence of major players, such as Agilent Technologies, Inc., Bio-Rad Laboratories, Inc. Thermo Fisher Scientific Inc., and others. The market growth is attributed to the growing demand for PCR techniques in research and diagnostics attributed to the increased incidence of genetic disorders and infectious diseases. By improving the effectiveness and precision of PCR-based testing, technological developments in thermal cyclers, such as the creation of multiplex PCR and digital PCR systems, are driving market expansion. The market for thermal cyclers is expanding as a result of rising interest in customized treatment and the growing use of molecular diagnostics. As thermal cyclers are widely employed in drug discovery and development processes, chances for market expansion are being generated by rising investments in life science research and the pharmaceutical industry. Market players introducing superior thermal performance offers scientists the flexibility to scale within the laboratory. For instance, in September 2023, Bio-Rad introduced PTC Tempo 48/48 and PTC Tempo 384 thermal cyclers designed to support PCR applications in basic and translational research, process development, and quality control. The PTC Tempo thermal cyclers are built with a refreshed, intuitive user interface and flexible connectivity features for streamlining protocol management, including monitoring capabilities on the BR.io cloud platform.

Market Players Outlook

The major companies serving the thermal cyclers market include Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Eppendorf SE, QIAGEN N.V., and Thermo Fisher Scientific Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.