July 26, 2018
WELLESLEY, Mass., July 26, 2018–Growing point of services and the promise of applications for both the food industry and cancer treatment are helping to boost the polymerase chain reaction market, according to a report by BCC Research.
Analysts forecast a compound annual growth rate (CAGR) of 10.6% through 2022, when it is expected to reach $4.7 billion, according to the report “Polymerase Chain Reaction (PCR) for Point of Care (POC) Diagnostics.”
Major players in the market include Abbott Laboratories, Advanced Theranostics, Atlas Genetics, Cepheid, Fluxergy and Roche Diagnostics.
“The combination of the convenience and accuracy of this new clinical diagnostic technology is driving rapid growth,” said BCC Research analyst and report author Todd Graham. “From non-government organizations’ testing for emerging infections in isolated environments worldwide to major hospitals testing for nosocomial infections that affect patient care as close to the bedside as possible, point of care PCR is strongly influencing how molecular diagnostics are performed. As the technology grows and matures, it will have major and enduring impacts on how healthcare works worldwide. As such, there are a variety of trends evident as this technology grows in the market.”
Industry Pointed toward Expansion into Cancer Fight and Food and Agriculture
A number of exciting possibilities within the field are just over the horizon, the report adds. The precision of digital polymerase chain reactions has made the technology popular for researchers trying to develop prognostic tests after cancer treatment. Further, the ability of the technology to pick up low copy numbers in complex matrices makes it valuable for monitoring and quality control in plants and food.
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Polymerase Chain Reaction (PCR) for Point-of-Care (POC) Diagnostics( BIO157A )
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