Canada Polymerase Chain Reaction Market Size & Outlook
Canada polymerase chain reaction market, 2018-2030 (US$M)
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Canada polymerase chain reaction market highlights
- The Canada polymerase chain reaction market generated a revenue of USD 1,063.2 million in 2023 and is expected to reach USD 635.7 million by 2030.
- The Canada market is expected to grow at a CAGR of -7.1% from 2024 to 2030.
- In terms of segment, conventional pcr was the largest revenue generating type in 2023.
- Conventional PCR is the most lucrative type segment registering the fastest growth during the forecast period.
Polymerase chain reaction market data book summary
| Market revenue in 2023 | USD 1,063.2 million |
| Market revenue in 2030 | USD 635.7 million |
| Growth rate | -7.1% (CAGR from 2023 to 2030) |
| Largest segment | Conventional pcr |
| Fastest growing segment | Conventional PCR |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional PCR |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Qiagen NV, Roche Holding AG ADR, Standard BioTools Inc, Stilla, Microsynth |
Other key industry trends
- In terms of revenue, Canada accounted for 3.4% of the global polymerase chain reaction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polymerase chain reaction market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 635.7 million by 2030.
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Polymerase Chain Reaction Market Scope
Polymerase Chain Reaction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada polymerase chain reaction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polymerase chain reaction market will help companies and investors design strategic landscapes.
Conventional pcr was the largest segment with a revenue share of 5.53% in 2023. Horizon Databook has segmented the Canada polymerase chain reaction market based on conventional pcr covering the revenue growth of each sub-segment from 2018 to 2030.
Adoption of PCR is expected to surge due to the rising prevalence of target diseases, the availability of rapid diagnostic tests for better treatment alternatives, and the presence of a health-conscious population. The prevalence of metabolic diseases is also increasing rapidly in Canada owing to the growing adoption of sedentary lifestyles and unhealthy food habits.
For instance, in March 2020, Health Canada authorized the importation and sales of medical devices to detect COVID-19 by making an exemption in the provision of Part 1 of the Canadian Medical Devices Regulations.
Later in March 2022, bioLytical Laboratories Inc. launched the iStatis COVID-19 test and received Health Canada Authorization. The launch of such new products in the region is expected to drive growth. Another factor fueling the growth in Canada market is extensive research investment.
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Our clientele includes a mix of polymerase chain reaction market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada polymerase chain reaction market , including forecasts for subscribers. This country databook contains high-level insights into Canada polymerase chain reaction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polymerase chain reaction market size, by type, 2018-2030 (US$M)
Canada Polymerase Chain Reaction Market Outlook Share, 2023 & 2030 (US$M)
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