The market for gene amplification technologies is extremely competitive, driven by rapid technological advancements and aggressive price wars. Key drivers supporting the growth of the market include large quantity of genetic molecules for purpose of testing, diagnosis, research, identity detection, drug discovery and production along with monitoring. During the forecast period, molecular diagnostics is expected to be the major driver for the growth of this market. Gene amplification technology market experienced highest growth owing to the human genome project. The project opened further new avenues such as tissue typing, oncogene development and sequencing of DNA of other species for purpose of cloning. Introduction of novel alternative gene amplification technologies such as Rolling Circle Amplification (RCA), Self-Sustained Sequence Replication (SSR) are expected to broaden the horizon of the market. Polymerase Chain Reaction (PCR) technology however, is expected to remain dominant being the first gene amplification technology and multiple applicability.
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Isothermal DNA amplification is largest sector of the market owning to its utilization in producing multiple copies for DNA sequencing and identification under the human genome project. Target and signal amplification technologies are direct competitors and are comparatively equally dominant owning to similar instrumentation and procedure. On application basis, medical and forensics departments have the highest share in market. Rationale for it being, works of various researchers worldwide over the human genome project, customization of cancer therapy by use of oncogenes. Growing popularity of DNA fingerprinting by clinicians, government officials, police and researchers in forensics is considered as another growth propeller.
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The North American region dominates the gene amplification technologies market in terms of revenue generation and growth. Occurrence of this growth is owing to actions such as excessive research in the fields of genetic testing, availability of government funding, high investments in healthcare infrastructures, technological advancements, and diagnostics and detection of critical diseases. APAC is expected to be the fastest growing region due to drivers such as amenable government policies, technological advancement with state of the art research infrastructure, and lower operation cost.
Key players of the gene amplification market include Roche Diagnostics, Abbott Laboratories, QIAGEN N.V., Agilent Technologies Inc., Bayer Corporation, Rubicon Genomics, Becton Dickinson Company, bioMérieux, Bio-Rad Laboratories, Cepheid, Life Technologies Corporation, Dickinson and Company, and Takara Bio, Inc. Many of the players due to aggressive competition comply with strategic alliances and collaborations such as joint ventures and mergers and acquisitions.
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