The real-time PCR (qPCR) segment by type is estimated to lead the market growth during the forecast period.
According to a new market research study of “South and Central America PCR for Respiratory Infection Diagnostics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type, Product Type, Infection Type, End-user and Country.” The South and Central America PCR for respiratory infection diagnostics market is expected to reach US$ 502.55 million by 2028 from US$ 262.55 million in 2021; it is estimated to grow at a CAGR of 9.7% from 2021-2028. The report highlights trends prevailing in the South and Central America PCR for respiratory infection diagnostics market and the factors driving market along with those that act as hindrances. The growth of the market is determined due to some of the key driving factors, such as increasing burden of chronic respiratory diseases (CRDs) and growing developments in PCR testing, are expected to propel the growth of the market. However, availability of alternative assays is the major factor hindering the market growth.
Chronic respiratory diseases (CRDs) are among the leading causes of morbidity globally due to the heavy consumption of tobacco. For instance, according to the WHO, in 2018, the fourth largest cause of mortality in the US was chronic lower respiratory illness, predominantly COPD. Nearly 15.7 million Americans (6.4%) have been diagnosed with COPD. The burden of CRDs is expected to increase in the future due to poor air quality, increase in addiction to smoking, and rise in geriatric population that is more prone to COPD and lung cancer. Moreover, programs initiated in the countries to improve treatment and support the people living with respiratory diseases are likely to increase the demand for PCR for the diagnosis of respiratory diseases. This will lead to the market growth during the forecast period. The demand for PCR testing to diagnose infectious diseases has significantly risen in the past few years. The growing technological advancements have added an extra advantage of point-of-care testing through PCR, which has surged the demand for PCR diagnostics. In addition, the demand has exponentially raised due to the outbreak of COVID-19. Since the pandemic has initiated, reverse transcription-polymerase reaction (RT-PCR) test has been preferably used to diagnose and examine the genetic material of SARS-CoV-2 RNA. The RT-PCR method is widely accepted as the gold standard for the detection of SARS-CoV-2 RNA due to its sensitive testing. Therefore, considering the demand for PCR testing, various market players have introduced PCR products and entered strategic developments in the global market. Also, most companies are now offering real-time polymerase chain reaction (PCR) tests for COVID-19, which is contributing to the growth of the target market.
The COVID-19 pandemic has badly impacted countries such as Brazil and Argentina. The market has experienced exponential growth during the pandemic due to tremendous demand for COVID-19 testing through PCR. The increasing incidences of COVID-19 have increased demand for PCR testing leveraging vital growth opportunities for the market. Brazil has also established public-private partnerships to enhance the production of PCR testing kits and products. Thus, owing to the numbers of PCR tests in the countries, it is estimated that PCR testing for respiratory infection diagnostics has gained much attention and has attained significant market size in the region. The market is expected to flourish during the forecast period due to growing developments and government efforts to increase PCR testing in the countries.
The South and Central America PCR for respiratory infection diagnostics market, by type, is segmented into real time PCR (qPCR), traditional PCR, reverse-transcriptase (RT-PCR), digital PCR, multiplex PCR, and others. Based on product type, the South and Central America PCR for respiratory infection diagnostics market is segmented into reagents and kits, instruments, and others. Based on infection type, the South and Central America PCR for respiratory infection diagnostics market is segmented into bacterial infection, viral infection, and fungal & other pathogens. The bacterial infection segment is further divided into bordetella, streptococcus pneumoniae, staphylococcus aureus, haemophilus influenzae, moraxella catarrhalis, mycoplasma pneumoniae, chlamydophila pneumoniae, legionella and others. Additionally, the viral infection segment is further bifurcated into rhinoviruses, influenza virus, severe acute respiratory syndrome (sars) cov-2 virus, respiratory syncytial virus (rsv), adenovirus, enterovirus, parainfluenza, human metapneumovirus (hmpv) and others. Further, based on End-user, the South and Central America PCR for respiratory infection diagnostics market is segmented into hospitals, physician clinics, clinical laboratories, academic and research institutions, biotech and pharma companies, and others. Geographically, the South and Central America PCR for respiratory infection diagnostics market can be segmented into Brazil, Argentina and Rest of South and Central America.
Abbott, F. HOFFMANN-LA ROCHE LTD, Hologic, Inc. BD, BIO-RAD LABORATORIES INC. bioMerieux SA, QIAGEN, Thermo Fisher Scientific Inc. and Seegene Incare among the leading companies operating in the South and Central America PCR for respiratory infection diagnostics market
According to a new market research study of “South and Central America PCR for Respiratory Infection Diagnostics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type, Product Type, Infection Type, End-user and Country.” The South and Central America PCR for respiratory infection diagnostics market is expected to reach US$ 502.55 million by 2028 from US$ 262.55 million in 2021; it is estimated to grow at a CAGR of 9.7% from 2021-2028. The report highlights trends prevailing in the South and Central America PCR for respiratory infection diagnostics market and the factors driving market along with those that act as hindrances. The growth of the market is determined due to some of the key driving factors, such as increasing burden of chronic respiratory diseases (CRDs) and growing developments in PCR testing, are expected to propel the growth of the market. However, availability of alternative assays is the major factor hindering the market growth.
Chronic respiratory diseases (CRDs) are among the leading causes of morbidity globally due to the heavy consumption of tobacco. For instance, according to the WHO, in 2018, the fourth largest cause of mortality in the US was chronic lower respiratory illness, predominantly COPD. Nearly 15.7 million Americans (6.4%) have been diagnosed with COPD. The burden of CRDs is expected to increase in the future due to poor air quality, increase in addiction to smoking, and rise in geriatric population that is more prone to COPD and lung cancer. Moreover, programs initiated in the countries to improve treatment and support the people living with respiratory diseases are likely to increase the demand for PCR for the diagnosis of respiratory diseases. This will lead to the market growth during the forecast period. The demand for PCR testing to diagnose infectious diseases has significantly risen in the past few years. The growing technological advancements have added an extra advantage of point-of-care testing through PCR, which has surged the demand for PCR diagnostics. In addition, the demand has exponentially raised due to the outbreak of COVID-19. Since the pandemic has initiated, reverse transcription-polymerase reaction (RT-PCR) test has been preferably used to diagnose and examine the genetic material of SARS-CoV-2 RNA. The RT-PCR method is widely accepted as the gold standard for the detection of SARS-CoV-2 RNA due to its sensitive testing. Therefore, considering the demand for PCR testing, various market players have introduced PCR products and entered strategic developments in the global market. Also, most companies are now offering real-time polymerase chain reaction (PCR) tests for COVID-19, which is contributing to the growth of the target market.
The COVID-19 pandemic has badly impacted countries such as Brazil and Argentina. The market has experienced exponential growth during the pandemic due to tremendous demand for COVID-19 testing through PCR. The increasing incidences of COVID-19 have increased demand for PCR testing leveraging vital growth opportunities for the market. Brazil has also established public-private partnerships to enhance the production of PCR testing kits and products. Thus, owing to the numbers of PCR tests in the countries, it is estimated that PCR testing for respiratory infection diagnostics has gained much attention and has attained significant market size in the region. The market is expected to flourish during the forecast period due to growing developments and government efforts to increase PCR testing in the countries.
The South and Central America PCR for respiratory infection diagnostics market, by type, is segmented into real time PCR (qPCR), traditional PCR, reverse-transcriptase (RT-PCR), digital PCR, multiplex PCR, and others. Based on product type, the South and Central America PCR for respiratory infection diagnostics market is segmented into reagents and kits, instruments, and others. Based on infection type, the South and Central America PCR for respiratory infection diagnostics market is segmented into bacterial infection, viral infection, and fungal & other pathogens. The bacterial infection segment is further divided into bordetella, streptococcus pneumoniae, staphylococcus aureus, haemophilus influenzae, moraxella catarrhalis, mycoplasma pneumoniae, chlamydophila pneumoniae, legionella and others. Additionally, the viral infection segment is further bifurcated into rhinoviruses, influenza virus, severe acute respiratory syndrome (sars) cov-2 virus, respiratory syncytial virus (rsv), adenovirus, enterovirus, parainfluenza, human metapneumovirus (hmpv) and others. Further, based on End-user, the South and Central America PCR for respiratory infection diagnostics market is segmented into hospitals, physician clinics, clinical laboratories, academic and research institutions, biotech and pharma companies, and others. Geographically, the South and Central America PCR for respiratory infection diagnostics market can be segmented into Brazil, Argentina and Rest of South and Central America.
Abbott, F. HOFFMANN-LA ROCHE LTD, Hologic, Inc. BD, BIO-RAD LABORATORIES INC. bioMerieux SA, QIAGEN, Thermo Fisher Scientific Inc. and Seegene Incare among the leading companies operating in the South and Central America PCR for respiratory infection diagnostics market
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Table of Contents
1. Introduction
3. Research Methodology
4. PCR for Respiratory Infection Diagnostics Market - Market Landscape
5. PCR for Respiratory Infection Diagnostics Market - Key Market Dynamics
6. PCR for Respiratory Infection Diagnostics Market - South and Central America Analysis
7. PCR for Respiratory Infection Diagnostics Market Analysis by Type
8. PCR for Respiratory Infection Diagnostics Market Analysis - By Product Type
9. PCR for Respiratory Infection Diagnostics Market - By Infection Type
10. PCR for Respiratory Infection Diagnostics Market - By End User
11. PCR for Respiratory Infection Diagnostics Market - South and Central America Analysis
12. Impact Of COVID-19 Pandemic on PCR for Respiratory Infection Diagnostics Market
13. PCR For Respiratory Infection Diagnostics Market-Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott
- F. HOFFMANN-LA ROCHE LTD
- Hologic, Inc.
- BD
- Bio-Rad Laboratories Inc.
- bioMerieux SA
- QIAGEN
- Thermo Fisher Scientific Inc.
- Seegene Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 168 |
Published | August 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 262.55 Million |
Forecasted Market Value ( USD | $ 502.55 Million |
Compound Annual Growth Rate | 9.7% |