The global viral RNA extraction kit market is projected to record significant growth in the years to come, driven by the ongoing COVID-19 pandemic as a number of biotech companies race against time to come up with a coronavirus vaccine.
These are the latest findings of Transparency Market Research (Albany NY, USA), a next-generation market intelligence provider.
Viral RNA extraction kits are intended for the purpose of separation of trace amounts of viral RNA from given samples, along with body fluids, plasma, serum, and blood. Additionally, the kits offer high quality outcome of viral Ribonucleic acid (RNA) for the purpose of downstream utilization in various applications, such as alternative PCR-based assays, microarrays, and RT-PCR. These kits are ready to use and are found in a wide variety of formats, such as multi-well, magnetic-based, and spin column for the purpose of better and higher output abilities. Few of the kits also offer synchronal assortment of Deoxyribonucleic acid (DNA).
Increased research and development activities, greater mechanization, and considerable technological progress made in the process of extraction is likely to propel growth of the global viral RNA extraction kit market in the years to come. Additionally, there has been increased demand for various user-friendly products, which is likely to augur well for the market. A surge in cases of various diseases, such as genetic disorders, cancer, dermatological diseases, and infectious diseases, has resulted in increased demand for extraction of viral RNA process in the field of molecular diagnostics. However, significantly low level penetration of products and a dearth of awareness among people in the under-developed markets is likely to limit the growth of the global viral RNA extraction kit market in the years to come. Geographically, the global viral RNA extraction kit market is likely to be dominated by the North America region. Increased government support, technological advancements, and significant R&D in pharmaceutical and biotechnology firms are likely to emerge as important factors for the growth of the North American viral RNA extraction kit market in the near future.
