PCR (Polymerase Chain Reaction) is a widely used method in molecular biology that facilitates the production of multiple copies of a specific DNA segment. It is at a nascent stage and is likely to witness proliferating applications across the biotechnology industry. This report analyzes the global PCR technologies market and its prospect. It unravels that the market is expected to grow saliently over the next couple of years. The future trajectory of the PCR technologies market is poised to attract investments from key players to increase the use of the method in the years to come. Also, the developments in the biotechnology industry and molecular biology are anticipated to drive the proliferation of the PCR technologies market in the foreseeable future.
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PCR technologies are used in the healthcare industry for genetic engineering. The advanced technologies and their rapid adoption in the healthcare sector are also poised to impact the PCR technologies market favorably over the next couple of years. The rising prevalence of genetic disorders is one of the key factors anticipated to lead the expansion of the PCT technologies market in the long run. Some of the important applications of PCR technologies comprises of hereditary disease testing, genetic mutation, DNA profiling, DNA cloning, etc. The technology is used by law enforcement for identification and verification. It is also projected to contribute to the development of the PCR technologies market in the near future. Also, the rising investments in research & development and clinical trials in universities for drug and treatment discovery are expected top propel expansion of the PCR technologies market.
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On the basis of type, the global PCR technologies market has been segmented into LED, halogen lamps, and others.
On the basis of application, the PCR technologies market has been segmented into universities, hospitals, and others.
The global PCR technologies market has been assessed in detail on the basis of key regions. The regional segments included in this report are – North America, China, Japan, Europe, Southeast Asia, and India. North America, Europe, and Southeast Asia have been further studied on a country-level basis. North America accounts for s considerable market share and is prognosticated to retain it over the next few years. The technologically advanced infrastructure of the region is poised to lead the proliferation of the PCR technologies market across the review period. Europe draws support from the government which is anticipated to anchor the growth of the PCR technologies market in the region. Increasing investments in research & development and clinical trials backed by the governments are anticipated to catalyze market growth over the forecast period.
In October 2019, Oxitec, a British biotechnology company, has turned to genetic modification for curbing the diseases spread by mosquitoes. Mosquito-borne diseases affect more than half a million people every year in Africa alone.
In October 2019, Eurofins GeneScan Technologies and UgenTec have signed an agreement for the development of assay software components to be used on FastFinder PCR analysis platform.
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