Taiwan Conventional PCR Market is projected to grow at a CAGR of 2.9% from 2024-2030F

Consumables & Reagents segment by Product held the highest revenue share in Taiwan Conventional PCR Market -6Wresearch

In 2023, consumables & reagents held the highest revenue share in Taiwan's PCR market due to their critical role in the PCR process, including primers, enzymes, and buffers. These components are used repeatedly across diagnostics, research, and industrial applications. The growing demand for frequent PCR testing, along with continuous innovation in reagent quality, further boosted their market share.

According to 6Wresearch, Taiwan Conventional PCR Market is projected to grow at a CAGR of 2.9% from 2024-2030F. Taiwan's Polymerase Chain Reaction (PCR) market has grown significantly, supported by strategic government initiatives and a thriving biotechnology sector. In 2022, Taipei’s 584 biotech firms contributed 65% of the sector's $12.94 billion revenue. Moreover, government policies such as R&D tax credits and partnerships, including TaiMed Biologics’ HIV therapy and Thermo Fisher’s TPMI collaboration, emphasize PCR’s role in advanced diagnostics and genetic research.

Taiwan's healthcare system is crucial to the growth of the PCR market. The National Health Insurance system provides near-total coverage with high satisfaction rates. In 2023, the government allocated $9.1 million to improve telemedicine, strengthening healthcare infrastructure. Furthermore, the government's focus on precision medicine and the 2024 Healthy Taiwan initiative, which emphasizes personalized healthcare, is increasing the demand for PCR in disease monitoring.

According to Sumit, Senior Research Analyst, 6Wresearch, consumables & reagents led the market due to their essential role in every PCR process, including primers, enzymes, and buffers. Their consistent demand across diagnostics for diseases, genetic research, and industrial testing, fueled by innovations in reagent efficiency and reliability, ensured their dominance amid rising PCR adoption.

Taiwan Conventional PCR Market (2024-2030) report provides an in-depth analysis with 10 figures and 2 tables, covered in 58 pages. The report thoroughly covers market by type, by material, by shape and by end-user. Taiwan Conventional PCR Market outlook report provides an unbiased and detailed analysis of the on-going Taiwan Conventional PCR Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.