The global COVID-19 pandemic is far from over
To appreciate the true threat of the novel Coronavirus, the number of "excess deaths" is the most telling.
The number of direct and indirect deaths, or "excess deaths" caused by COVID-19 between January 1, 2020, and December 31, 2021, is about 14.9 million, with the actual range between 13.3 million and 16.6 million, according to a WORLD Health Organization (WHO) assessment released on May 5 in Geneva.
The global coronavirus pandemic will also affect the market for extraction kit
"Excess deaths", refers to the actual death toll and based on the global pandemic, there was no year estimated the difference between the normal death toll, including the direct cause of death and disease because of the pandemic on health systems and indirectly related deaths caused by social influence and so on, relative to reduce traffic accidents and industrial injury deaths, are also counted.
According to the latest figures released by WHO, the cumulative number of confirmed COVID-19 cases worldwide has exceeded 510 million. As the number of confirmed cases continues to climb and the virus continues to mutate, the global epidemic is far from over.
Several high-income countries, including the US, Germany and the UK, have higher "excess deaths" relative to their populations than the global average
The WHO report is the most authoritative study to date of the true death toll from the pandemic. The figure of 14.9 million is nearly three times the number of people who have died as a direct result of previous coronavirus outbreaks that have been officially reported to the WORLD Health Organization.
This means that one out of every 500 people in the world has died from COVID-19 related causes.
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Overview of market area prospect of extraction kit
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further divided into countries such as the United States and Canada. The European region is further divided into The United Kingdom, France, Germany, Italy, Spain, Russia and the rest of Europe. The Asia Pacific region is further subdivided into China, Japan, Korea, India, Australia, Southeast Asia and the rest of Asia Pacific. The Latin America region is further subdivided into Brazil, Mexico and the rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa and the rest of MEA.
Market Demand of the extraction kit
The DNA/RNA Extraction Kit market and other extraction kits are projected to grow at a CAGR of 8.26% during the forecast period 2022-2027.
The COVID-19 pandemic has impacted the extraction kit market for a short time due to restrictions on different business and research activities for extraction kits. In addition, diagnostic tests for other diseases and medical conditions in hospitals and other clinical diagnostic facilities have been affected as COVID-19 has led to fewer patients taking tests. However, the high rate of COVID-19 infection and research activities are undertaken by major companies in the field of sequencing to expand their understanding of the virus and its origins, as well as molecular diagnostics of the SARS-COV-2 virus, have led to the development and launch of many DNA - and RNA-BASED COVID-19 kits, The kits proved so important that they were in great demand.
Market drivers for the extraction kit
The growth of the DNA/RNA extraction kit market is primarily driven by increased investment in R&D activities in different areas, including molecular diagnostics for different chronic and infectious diseases. For example, the US spent $842 billion on R&D activities in 2020, followed by China at $664 billion, according to the ORGANISATION for Economic Co-operation and Development. Technological advances worldwide, new product launches by major market players, and an increase in cancer cases are also likely to complement the growth of the markets under study.
Other factors, such as increased demand for automation of DNA/RNA extraction technologies, new user-friendly and easy extraction kits, and DNA/RNA for analysis of new diseases causing microorganisms, are expected to drive DNA/RNA growth. RNA Extraction Kit market during the forecast period. Therefore, low awareness and availability of the kit and low market penetration in less developed and developing regions around the world are the major factors limiting the growth of the DNA/RNA extraction kit market.
North America is expected to dominate the global extraction kit market during the forecast period
North America, which holds a major share in the extraction kit market, is expected to show a similar trend during the forecast period, mainly due to the high level of R&D activity in the region and the presence of major market players in the region constantly developing their products for the markets studied.
In the region, the US is expected to take a major share of the DNA/RNA extraction kit market due to heavy investment in R&D by government and private entities, increased demand for extraction kits, and the rising prevalence of chronic diseases.
The extraction kit professional supplier-Geneture
Geneture is a professional supplier of Nucleic Acid Extraction Reagent,Automatic Nucleic Acid Extraction,Lab consumables, Real-time PCR, Covid-19 Rapid Test Supplier. Buy high quality and effective DNA & RNA nucleic acid extraction reagent, lab consumables, automatic nucleic acid extractions, real-time PCR equipment and consumables.
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