( MENAFN - Straits Research) PCR kits are extensively used in the diagnostics and research of cancer, infectious diseases, and genetic disorders. Technological advancements, development of new PCR kits, and increasing investments in research and development activities drive the market growth. In addition, there is a consistent demand for effective detection techniques owing to rising cases of life-threatening infectious diseases, such as HIV, tuberculosis, malaria, hepatitis, and Staph-related diseases, and genetic disorders.
As per the World health Organization, around 219 million cases of malaria were registered across the world in r 2018, with 92% cases in the African subcontinent. Got questions about your regional growth of PCR Kits Market? Just drop us a line or call on +1 646 480 7505 Key Highlights The PCR kit market size was valued at USD 2,350.5 million in 2019 and is expected to grow with a CAGR of 8.
0% due to increasing product launches and collaborations to acquire a more significant market share. The quantitative PCR kits held the largest market share due to the higher adoption of diagnostic and research laboratories owing to cost-effectiveness and higher efficiency in the diagnosis of infectious diseases. The consumables and reagents segment was the largest segment of the PCR kit market in 2019.
This can be attributed to the launch of newer products and higher demand for the segment. North America dominates the PCR kit market, followed by Europe due to higher he.
