Polymerase Chain Reaction (PCR) Market Recent Trends, Development, Growth & Forecast 2020-2030
Verfasser: ashwani_kailiya on Tuesday, 29 September 2020The Polymerase Chain Reaction (PCR) market is forecasted to progress at an impressive CAGR of 8.4% in terms of value through the period of forecasting between 2020 and 2026. The growth of the market is primarily driven by the growing adoption of technological advancements in molecular biology, life sciences, and biotechnology coupled with increased expenditure on R&D by pharmaceutical organizations and governments. Most importantly, the outbreak of COVID-19 has created an unprecedented demand for testing kits and PCR testing remains the benchmark of testing, owing to their reliability, thus catalysing the overall growth of the market.
"Factors such as the rising prevalence of chronic and infectious diseases such as cancer and AIDS, increased spending on R&D of genetic engineering, and growing emphasis on the discovery of new drugs for diseases, will continue to fuel the growth of the market" opines Fact.MR analyst.
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Polymerase Chain Reaction Market - Key Takeaways