Polymerase Chain Reaction Market Size

Polymerase Chain Reaction Market size was valued at USD 9.25 billion in 2023 and is likely to cross USD 27.36 billion by 2036, expanding at more than 8.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polymerase chain reaction is estimated at USD 9.89 billion.

The segment for application is further segmented into clinical diagnostics, life science research, industrial applications and others, out of which, the largest share is estimated to be held by the life science research segment. This can be attributed to the growing funding by government and private institutions for promoting research activities in various countries. Moreover, the clinical diagnostics segment is anticipated to be the fastest growing segment during the forecast period as a result of rising cases of infectious diseases which require effective and better detection as well as treatment methods.