Artificial Intelligence
Thermal Cyclers Market Size Projections Exhibit a CAGR of 7.32%, Likely to Attain a Value of USD 1369.37 Million by 2030
NEW YORK, United States, July 24, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Thermal Cyclers Market By Type (Gradient And Real-Time), By End-User (Academic & Research Foundations, Pharmaceutical Industry, Diagnostic Laboratories, And Others), By Application (Genotyping, Diagnostics, Manufacturing & Quality Control Testing, Mutagenesis, Cloning, Forensics, Clinical Research, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global thermal cyclers market size & share was valued at approximately USD 781.49 million in 2022. The market is expected to grow above a CAGR of 7.32% and is anticipated to reach over USD 1369.37 million by 2030.”
Thermal Cyclers Market Overview:
A thermal cycler, also known as Polymerase Chain Reaction (PCR) machine or Deoxyribonucleic acid (DNA) amplifier, is an advanced laboratory equipment used for the amplification of DNA segments using the PCR technique. They also have applications in other laboratory-based activities, especially temperature-sensitive reactions that include rapid diagnostics and restriction enzyme digestion. Thermal cyclers are made of thermal blocks with holes that are used for holding tubes containing the reaction mixture. The device is used to raise and reduce block temperature in pre-programmed and discrete steps. Thermal cyclers have undergone extensive innovation as the consumption requirements in the end-user verticals have become more demanding.
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Key Insights from Primary Research
- As per the analysis, the thermal cyclers market share is likely to grow above a CAGR of around 7.32% between 2023 and 2030.
- The thermal cyclers market size was worth around US$ 781.49 million in 2022 and is estimated to hit approximately US$ 1369.37 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The thermal cycler market is projected to grow at a significant rate due to the evolving patterns of life science research
- Based on type segmentation, real-time was predicted to show maximum market share in the year 2022
- Based on application segmentation, diagnostics was the leading application in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Competitive Players:
The report contains qualitative and quantitative research on the global thermal cyclers market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global thermal cyclers market include;
- Thermo Fisher Scientific
- Bio-Rad Laboratories
- QIAGEN
- Agilent Technologies
- BioMérieux
- Eppendorf AG
- Roche Diagnostics
- Illumina Inc.
- Fluidigm Corporation
- Analytik Jena AG
- Becton, Dickinson and Company (BD)
- Merck KGaA
- Takara Bio Inc.
- PerkinElmer Inc.
- Promega Corporation
- Techne Corporation
- And others.
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Thermal Cyclers Market: Growth Factors
The global thermal cyclers market is projected to grow owing to rapid advancements in the field of molecular biology resulting in the extensive use of thermal cyclers. Crucial research areas including biomedical research, diagnostics, agriculture, and forensic sciences regularly deploy techniques such as PCR, DNA sequencing, and genetic testing which has resulted in fueling the need for efficient and reliable thermal cyclers. Additionally, the increasing demand for personalized medicine which involves customizing medical treatments depending on an individual’s genetic makeup is also crucial to thermal cyclers industry growth.
The demand for personalized medicine is driven by the need to overcome the barriers of traditional medicine as the medical community intends to shift the focus from reaction to prevention treatment. Between 2016 and 2022, the number of personalized medicines available in the commercial market increased by 4.1% and almost 25% of the approvals by the United States Food and Drug Administration (FDA) in 2019 were personalized treatments. Other factors such as the increased prevalence of infectious diseases and growing research & development activities in terms of thermal cyclers may further contribute to market growth.
Thermal Cyclers Market: Restraining Factors
The global thermal cyclers market is expected to come across certain growth restrictions owing to growing competition from alternative technologies including. Additionally, issues arising due to intellectual property (IP) rights infringement are one of the major concerns of the market players. The development and manufacturing of thermal cyclers technology is expensive and it leads to heavy losses incurred by the original suppliers in case of infringement.
Thermal Cyclers Market: Segmentation
The global thermal cyclers market is segmented based on type, end-user, application, and region.
Based on type, the global market is segmented into gradient and real-time. Based on end-users, the global market is divided into academic & research foundations, pharmaceutical industry, diagnostic laboratories, and others. The players in the pharmaceutical industry were the most significant users of thermal cyclers in 2022 mainly as a direct impact of the Covid-19 virus. These companies use thermal cyclers for research & development purposes of new vaccines, drugs, and diagnostics. They are used for activities such as target validation, drug target identification, genetic testing, quality control of pharmaceutical products, and clinical trials. In 2022, the Center for Drug Evaluation and Research approved 37 novel drugs under New Drug Applications (NDAs) or Biologics License Applications (BLAs).
Based on application, the global market is divided into genotyping, diagnostics, manufacturing & quality control testing, mutagenesis, cloning, forensics, clinical research, and others. The thermal cyclers industry witnessed the highest growth in the diagnostics segment in 2022 as these tools are used for molecular diagnostic tests. The invention of thermal cyclers has managed to revolutionize the field of medicine since it helps in detecting and identifying genetic markers, pathogens, and disease-related mutations. Thermal cyclers are used for the detection and identification of infectious agents, including bacteria, viruses, and parasites. Moreover, they are also crucial to genetic testing for inherited disorders, genetic predispositions, and personalized medicine. Pfizer, a global pharmaceutical leader, recently increased its research spending to USD 13.4 billion.
Thermal Cyclers Market: Regional Analysis
The global thermal cyclers market is expected to witness the highest growth in North America and is primarily led by the US due to the increased investments and interest toward the development of personalized medicine apart from other reasons such as a robust healthcare infrastructure and high medical tourism which results in people across the globe traveling to the US for advanced medical treatments. In addition to this, the domestic population has access to financial compensation which assists in improving the quality of life.
Europe is projected to generate significant revenue led by the presence of multiple research and academic institutions across Germany, the United Kingdom, France, and Switzerland. The well-regulated healthcare infrastructure and increased spending on further gene-based research are beneficial to regional expansion. The annual budget in Germany for research purposes amounts to 55 billion euros.
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 781.49 Million |
| Market Forecast in 2030 | USD 1369.37 Million |
| Growth Rate | CAGR of 7.32% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Thermo Fisher Scientific, Bio-Rad Laboratories, QIAGEN, Agilent Technologies, BioMérieux, Eppendorf AG, Roche Diagnostics, Illumina Inc., Fluidigm Corporation, Analytik Jena AG, Becton, Dickinson and Company (BD), Merck KGaA, Takara Bio Inc., PerkinElmer Inc., Promega Corporation, Techne Corporation, Enzo Life Sciences, Corbett Life Science, Cepheid, ThermoGenesis Holdings Inc., VWR International LLC, Hamilton Company, Bioline, Jena Bioscience GmbH, and Astec Co. Ltd.. |
| Segments Covered | By Type, By End-User, By Application, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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Recent Industry Developments:
- In September 2020, The Norwich Bioscience Institutes and The Alan Turing Institute announced a collaboration through which the companies aim to use machine learning and artificial intelligence for life science research
- In June 2022, European Molecular Biology Laboratory announced its plans to expand its scientific networking with Croatia. The announcement was made at the EMBL Info Days which was organized in association with the School of Medicine and the Croatian Ministry of Science and Education
The global thermal cyclers market is segmented as follows:
By Type
- Gradient
- Real-Time
By End-User
- Academic & Research Foundations
- Pharmaceutical Industry
- Diagnostic Laboratories
- Others
By Application
- Genotyping
- Diagnostics
- Manufacturing & Quality Control Testing
- Mutagenesis
- Cloning
- Forensics
- Clinical Research
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the market size and growth rate forecast for Thermal Cyclers industry?
- What are the main driving factors propelling the Thermal Cyclers Market forward?
- What are the leading companies in the Thermal Cyclers Industry?
- What segments does the Thermal Cyclers Market cover?
- How can I receive a free copy of the Thermal Cyclers Market sample report and company profiles?
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Artificial Intelligence
Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website
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With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
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Artificial Intelligence
IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility
BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.
Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.
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