Over the past few decades, polymerase chain reaction (PCR) molecular diagnostics has gradually established itself as one of the most critical laboratory tools. Advancements in PCR & real-time PCR molecular diagnostics are largely driven by minor changes to enzymes and large-scale changes in a particular result. At present, considerable research and development activities are being carried out to improve the reliability and accuracy of PCR & real-time PCR molecular diagnostics– a factor that is expected to bolster the market growth during the forecast period.
The outbreak of the novel COVID-19 pandemic is expected to play an imperative role in accelerating the growth of the global PCR & real-time PCR molecular diagnostics market, as PCR & real-time diagnostics is highly critical to detect virus in individuals who exhibit no symptoms or signs of disease. In addition, the adoption of PCR & real-time PCR molecular diagnostics is on the rise for the identification and detection of Pseudomonas aeruginosa. This is likely to boost the overall prospects of the global PCR & real-time PCR molecular diagnostics market during the assessment period.
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The increasing collaborations between private scientific laboratories and research institutes is projected to build a solid foundation for the PCR & real-time PCR molecular diagnostics market.
At the back of these factors, along with consistent advancements in technology and virus detection techniques, the global PCR & real-time PCR molecular diagnostics market is expected to surpass US$ 6.5 Bn mark by the end of 2030.
At present, the various techniques deployed across the molecular biology and medical diagnostics space are highly time-consuming and labor-intensive due to which, researchers and medical experts continue to focus on the discovery of time-efficient, reliable, and effective medical diagnostics. The PCR & real-time PCR molecular diagnostics has garnered considerable popularity over the past couple of decades, as it enables multiplication of a target DNA molecule due to which, the diagnosis of a range of diseases with a higher accuracy was made possible. This factor is anticipated to drive the PCR & real-time PCR molecular diagnostics market during the assessment period.
Researchers and stakeholders involved in the current PCR & real-time PCR molecular diagnostics market are of the opinion that quantitative PCR & real-time PCR molecular diagnostics is a highly robust and reliable medical diagnostics technique. Moreover, PCR & real-time PCR molecular diagnostics have a lower risk of cross-contamination, as it is predominantly carried out in automated thermal cyclers. Moreover, investments for PCR & real-time PCR molecular diagnostics have witnessed consistent growth over the past decade. Moreover, as per current observations, the trend is set to continue in the upcoming decade, due to the tremendous scope of PCR & real-time PCR molecular diagnostics in the near future.
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The outbreak of the novel COVID-19 pandemic is expected to boost to the overall growth of the global PCR & real-time PCR molecular diagnostics market. Several established international organizations, including IAEA and Food and Agriculture Organization (FAO) are increasingly offering their support and expertise to various nations to facilitate the adoption of real-time reverse transcription- PCR & real-time PCR molecular diagnostics– one of the most reliable and accurate laboratory techniques used to track, detect, and assess the novel COVID-19 coronavirus strain.
The demand for PCR & real-time PCR molecular diagnostics has witnessed noteworthy growth in 2020, as governments of various nations around the world are increasingly offering monetary and policy-driven support to players involved in the PCR & real-time PCR molecular diagnostics market. In comparison with the alternative virus isolation techniques, PCR & real-time PCR molecular diagnostics has a lower risk of cross-contamination and is notably faster. This is expected to drive the demand for PCR & real-time PCR molecular diagnostics during COVID-19.
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