Polymerase Chain Reaction (PCR) Market to Receive Overwhelming Hike in Revenues by 2026

Albany, NY -- (SBWIRE) -- 09/06/2018 -- The global PCR market is expected to reach a market value of about US$ 7.0 Bn by the end of 2026, expanding at a high single digit CAGR during the forecast period. Rise in R&D expenditure, developments in pharmacogenomics, increase in trend of self-diagnosis of diseases as a preventive means, and emergence of digital PCR technology highly benefiting cancer diagnosis are some factors that are expected to boost the global PCR market during the forecast period. Moreover, increasing research and development activities in advanced molecular biology, genetic engineering, and forensic science are expected to propel the global PCR market during the forecast period. However, the emergence of alternative technology such as next-generation sequencing and the high cost of some commercial PCR technologies are expected to hamper the PCR market.