Market Introduction
Polymerase chain reaction (PCR) is used for accurate point-of-care diagnostics that help rapidly identify and determine the cause of respiratory tract infections. In addition, PCR is generally preferred in inpatient and outpatient settings, which has helped improve the market's growth in recent years. The current outbreak of SARS CoV2 is boosting the growth of the market.
Market Overview and Dynamics
The Europe PCR for respiratory infection diagnostics market is expected to reach US$ 2,432.46 million by 2028 from US$ 1,241.01 million in 2021. The market is anticipated to grow at a CAGR of 10.1% from 2021 to 2028. Increasing burden of chronic respiratory diseases (CRDs) and growing developments for PCR testing are expected to propel the growth of the market. However, availability of alternative assays is the major factor hindering the market growth.
Key Market Segments
In terms of type, the qPCR segment accounted for the highest share, and it is expected to dominate the largest market share in the coming future. The segment’s growth is majorly driven by its properties such as enormous dynamic range, remarkable sensitivity, ability to be very sequence-specific, little to no post-amplification processing, and increased sample throughput. Also, the regular developments for the PCR type are driving market.
Major Sources and Companies Listed
European Centre for Disease Prevention and Control, European Medicines Agency, European Respiratory Society, and Food and Drug Administration are among the major secondary sources for the Europe PCR for respiratory infection diagnostics market included in the report.
Reasons to Buy Report
Europe PCR for Respiratory Infection Diagnostics Market Segmentation
by Type
by Product Type
by Infection Type
Company Profiles
The List of Companies - Europe PCR for Respiratory Infection Diagnostics Market