The global one-step RT-qPCR kits market is projected to grow significantly, reaching an estimated value of USD 111.1 million in 2024. The market is anticipated to witness a steady compound annual growth rate (CAGR) of 4.9%, with revenues expected to soar to USD 180.0 million by 2034.
The COVID-19 pandemic underscored the critical need for rapid and reliable diagnostic solutions, driving the demand for one-step RT-qPCR kits, widely recognized for their efficacy in detecting viral infections. This surge in demand during the public health emergency has had a lasting impact on the market, as the kits are now seen as an essential tool for detecting a wide range of viral pathogens.
Advancements in molecular biology and the continuous development of more efficient reagents, such as TaqMan Real-time PCR assays, have further fueled market growth. These innovations have not only enhanced the accuracy of diagnostic tests but also contributed to the broader acceptance and adoption of one-step RT-qPCR kits.
Additionally, the increasing prevalence of viral infections beyond COVID-19, including seasonal viruses, has led to a greater demand for reliable diagnostic solutions. The ongoing rise in research and development efforts within the scientific community has also contributed to a surge in the use of one-step RT-qPCR kits in research settings.
As the market continues to expand, the demand for one-step RT-qPCR kits remains strong, driven by both the need for more accessible diagnostic solutions and the ongoing advancement of molecular diagnostic technology. This growth trajectory highlights the growing importance of these kits in both clinical and research applications, ensuring they remain a key component of global healthcare infrastructure.
Key Takeaways:
- The global one-step RT-qPCR kits market is expected to reach USD 111.1 million in 2024 and grow at a CAGR of 4.9% from 2024 to 2034, reaching an estimated USD 180.0 million by 2034.
- Key regional growth trends include:
- Canada: Projected to experience a 3.7% Value CAGR between 2024 and 2034.
- Germany: Expected to see a 5.0% Value CAGR during the same period.
- France: Anticipated to have a 4.8% Value CAGR.
- Italy: Estimated to grow at a 4.6% Value CAGR.
- China: Expected to witness a 5.3% Value CAGR, reflecting strong demand.
- India: Projected to lead with a significant 7.5% Value CAGR.
- Japan: Estimated to grow at a robust 5.9% Value CAGR.
These projections highlight strong regional growth, with emerging markets like India and China showing significant potential in driving market expansion.
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Competitive Landscape of the One Step RT-qPCR Kits Industry:
Key players in the market are strategically acquiring smaller, emerging companies to capitalize on their technological expertise, thereby enhancing their product portfolios and gaining a competitive edge. The surge in demand for rapid diagnostic kits during the Covid-19 pandemic prompted many companies to launch new diagnostic solutions, seizing the opportunity to meet market needs and expand their reach.
Another critical strategy employed by market leaders is securing product approvals across multiple countries, which helps diversify their revenue streams and strengthen their global presence.
Recent Industry Developments in the One Step RT-qPCR Kits Market
In July 2023, Fortis Life Sciences, LLC expanded its capabilities by acquiring Toronto-based International Point of Care, Inc. (IPOC), a leader in the development and manufacture of diagnostic components such as lyophilized reagents and recombinant proteins.
In August 2021, QIAGEN N.V. reached a significant milestone, having processed over three billion biological samples with its consumable kits. This achievement emphasizes QIAGEN’s leadership in providing essential tools for molecular laboratories in research, disease management, and forensic applications, further cementing the company’s commitment to advancing scientific discovery and improving global health outcomes.
Key Players of the One Step RT-qPCR Kits Industry:
- Thermo Fisher Scientific Inc.
- QIAGEN
- Takara Bio Inc.
- Bio-Rad Laboratories, Inc.
- Promega Corporation
- New England Biolabs
- Fortis Life Sciences
- Quantabio
- BIO-HELIX
- MP Biomedicals
- Avantor, Inc.
- Intact Genomics, Inc.
- Solis BioDyne
- Applied Biological Materials Inc.
One Step RT-qPCR Kits Market Segmentation
By Reaction:
In terms of reaction, the industry is segmented into 25 Rxn one step RT-qPCR kits, 50 Rxn one step RT-qPCR kits, 100 Rxn one step RT-qPCR kits, 200 Rxn one step RT-qPCR kits, 400 Rxn one step RT-qPCR kits, 500 Rxn one step RT-qPCR kits, 1000 Rxn one step RT-qPCR kits, and above 1000 Rxn one step RT-qPCR kits.
By Application:
In terms of application, the industry is bifurcated into chickenpox immunization and herpes zoster immunization.
By Detection:
In terms of end users, the industry is segregated into hospitals, clinics, and others.
By End User:
In terms of end users, the industry is segregated into hospitals, clinics, and others.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, the Middle East, and Africa have been covered in the report.
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