RT-PCR Machine Market – By Technology (Traditional PCR, Real Time PCR, and Digital PCR), By Product (Instruments, Reagents & Consumables, Software, and Services), By Applications (Research, Forensics, Blood Testing, Oncology, Pathogen Detection, and Others), and By Region – Global Industry Analysis and Forecast (2020-2030)

RT-PCR Machine Market size valued at XXX USD in 2019 and is expected to grow at a rate of XXX CAGR during the forecast period. RT-PCR stands for real time polymerase chain reaction and is also known as quantitative polymerase chain reaction (qPCR). PCR is a very common method for amplifying minute segments of RNA or DNA. In order to detect a covid-19 virus in the body in real time, RNA has to be transformed to DNA which is called reverse transcription operation. This is done so only because DNA can be copied or amplified which is a crucial part of the RT-PCR machine for virus detection in real time. The growing cases of covid-19 across the globe has increased the demand for efficient coronavirus testing which is a major factor driving the RT-PCR machine market.

MARKET DYNAMICS AND FACTORS

The rising demand for an effective mechanism for covid-19 detection in humans is the major factor driving the RT-PCR machine market. The increasing cases of covid-19 among geriatric people, rise in the number of hospitals and diagnostic centers, and real-time checking of travelers migrating from one place to another are the key factors driving the market of RT-PCR machine market. However, as the virus evolves, the earlier symptoms get faded in people having coronavirus disease. People get tested for Covid19 positive without any symptoms at all. Thus, checking temperature and following basic testing procedures are not enough. This has further boosted the demand for more efficient and precise technology of RT-PCR machine market.

MARKET SEGMENTATION

On the basis of technology, the RT-PCR machine market is classified into traditional PCR, real time PCR, and digital PCR. Based on product, the market is segmented into instruments, reagents & consumables, software, and services. According to applications, the market is categorized into research, forensics, blood testing, oncology, pathogen detection, and others. Geographically, the global RT-PCR machine market can be broadly divided into five regions mainly North America, Asia Pacific, Europe, and RoW.

GEOGRAPHICAL ANALYSIS

North America is expected to dominate the market contributing the largest RT-PCR machine market share in terms of revenue during the forecast period. The robust healthcare infrastructure, increased R&D spending, the rapid adoption and commercialization of RT-PCR kits, and the presence of key market players are the major factors attributing to the RT-PCR machine market dominance of the region. In addition to that, the U.S has the most number of covid-19 cases till May 2020 which is another major reason for the high demand for RT-PCR kits in the region. For instance, according to worldometer, the total number of covid-19 positive cases in the U.S till May 2020 is around 1837170 which is the highest across the globe. Additionally, in 2019, Abbott signed an eight-year partnership agreement with Japanese Red Cross Society (JRC). According to this agreement, Abbott will be an exclusive supplier to JRC for serological instrumentation, tests, and consumables used for blood and plasma screening in Japan.

Asia Pacific region is expected to witness the fastest growth in the RT-PCR machine market during the forecast period. The region is estimated to create significant revenue opportunities due to investments in R&D sector in emerging economies like India, China, and South Korea. For instance, in May 2020, Mylab, an Indian company got approval from ICMR to manufacture COVID-19 RT-PCR test kits. Currently, Mylab has manufactured 6.5 lakh test kits, and has supplied them to 140 sites, which includes labs and hospitals in over 20 states in India.

COMPETITIVE SCENARIO

The key players active in the RT-PCR machine industry are Thermo Fisher Scientific, Qiagen, Takara Bio, Agilent Technologies, Roche, Biomerieux, Fluidigm Corporation, Danaher, Abbott Laboratories, Merck KGaA, Becton Dickinson, Promega Corporation, Bio-Rad Laboratories, Meridian Bioscience, and Analytik Jena AG.

RT-PCR Machine Market Report Scope