qPCR Reagents Market Overview - Business Intelligence
Factors such as rising patient population base for infectious diseases
& genetic disorders, coupled with growing geriatric population,
technological advancements in the life sciences sector, increasing
public-private investments, funds, and grants for PCR-based research,
and the successful completion of the human genome project are driving
the growth of qPCR reagents market.
According
to research report qPCR reagents market is poised to reach $1,893.9
Million by 2020 From USD 1,307.0 Million in 2015, growing at a CAGR of
7.7%, during 2015 to 2020.
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The
qPCR reagents that are used for pathogen detection, forensic
applications, and disease diagnosis offer a promising future to market
aspirants focusing on expanding their revenue base in the market. Their
growth is propelled by the increasing R&D to develop and
commercialize novel products, growing market adoption of gene-based
diagnostic techniques, and rising emphasis on effective & early
disease diagnosis across major markets. Several companies such as Thermo
Fisher Scientific Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., F.
Hoffmann-La Roche Ltd., Agilent Technologies Inc., and Takara Bio are
investing in these high-growth markets to gain higher profits and to
increase their shares in the global qPCR reagents market.
On the
basis of detection method, the global qPCR reagents market is classified
into two segments, namely, dye-based and probe & primer-based qPCR
reagents. qPCR reagents market has been further divided on the basis of
packaging type (core kits and mastermixes), end user (hospitals and
diagnostic centers, research laboratories and academic institutes,
pharmaceutical and biotechnology companies, clinical research
organizations, and forensic laboratories), and application (diagnostic,
research, and forensic).
Thermo Fisher Scientific (U.S.), Bio-Rad
Laboratories Inc. (U.S.), Qiagen N.V. (Netherlands), F. Hoffmann-La
Roche, Ltd. (Switzerland), Agilent Technologies Inc. (U.S.), Takara Bio
(Japan), Affymetrix Inc. (U.S.), Promega Corporation (U.S.),
Sigma-Aldrich Corporation (U.S.), and Quanta Biosciences Inc. (U.S.),
are some of the key players operating in the global qPCR reagents
market.
Thermo Fisher Scientific Inc. (U.S.) held the leadership
position in the global qPCR reagents market, with a share of ~40%,. The
company has a broad product portfolio for qPCR reagents, including
master mixes, enzymes, nucleotides, primers, reagents, as well as
consumables, among others. The company has a strong geographic presence
in more than 50 countries across the globe, with key markets being the
U.S., China, Germany, and the U.K. The company focuses mainly on the
development of technologically advanced qPCR instruments and supporting
reagents that can be used for multiple applications. In line with this
strategy, Thermo Fisher Scientific has launched several qPCR reagents in
the last three years, including SYBR Green master mixes and Taqman qPCR
kits, among others.
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North
America (particularly the U.S.) is expected to hold the largest share
of qPCR reagents market during the forecast period. Factors such as high
penetration of qPCR technologies among key end users, increasing public
& private funding to expand the application base of qPCR, ongoing
product advancements in the field of qPCR reagents, and continuous
reduction in the average cost of genome sequencing are driving the
growth of the North American market.
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