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Global Market for Digital Polymerase Chain Reaction Technology to Reach $490 Billion by 2018; Equipment Sector Accounts for the Fastest Growing Segment With 33% CAGR
Date:7/11/2014

(PRWEB) July 11, 2014

BCC Research (http://www.bccresearch.com) reveals in its new report, DIGITAL POLYMERASE CHAIN REACTION (PCR) TECHNOLOGY: GLOBAL MARKETS, the global market for digital polymerase chain reaction (PCR) technology reached nearly $140 billion in 2013. This is estimated to grow to $490 billion in 2018, registering a five-year compound annual growth rate (CAGR) of 28.6%.

New digital PCR technology has created a number of interesting and exciting possibilities within the broader PCR field. The opportunities presented by this technology offer some fundamental solutions to issues within PCR, allowing various tasks to be performed more easily and enabling new innovations not previously achievable with existing technology. This will lead to the equipment sector’s anticipated rapid growth from $68.2 billion in 2013 to $283.9 billion by 2018, with a five-year CAGR of 33%, making it the fastest growing segment.

“Digital PCR is a rapidly growing technology that is experiencing a fast uptake and broad adoption in laboratories engaged in molecular biology. Clinical laboratories have turned research into billable laboratory tests and are poised for explosive growth in the revenue generated
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