Are rising COVID-19 infections and hospitalizations in the United States affecting the market for nucleic acid kit
As health officials warn that COVID-19 infections and hospitalizations are rising, New York's mayor says the city will not reinstate mask rules for now.
At a news conference on Wednesday, Mayor Eric Adams, asked about reinstating a mandate, particularly in the city's schools, said: "I'm proud of what we're doing and how we're not letting novel Coronavirus overtake us." "We need to be prepared and not panic."
To defend his position, Adams cited what he said were steady hospitalizations and deaths across the city, as well as COVID-19 testing in schools.
"There will be versions," he said. "If every time there is a change, we get the idea of closing down, we go into a panic, and we can't function as a city."
New York City officials said this week that the city has reached a "high" alert level for COVID-19, indicating high levels of transmission in communities that are "placing a significant strain on the health care system." The city's health department encourages people to wear high-quality masks in all public, indoor and crowded outdoor places, regardless of vaccination status.
New York is not the only place with high numbers of infections. According to CNN, about 40 percent of the population in the Northeastern United States lives in counties with high community levels.
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Overview of market area prospect of nucleic acid 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 nucleic acid kit
The DNA/RNA Extraction Kit market and other nucleic acid kits are projected to grow at a CAGR of 8.26% during the forecast period 2022-2027.
The COVID-19 pandemic has impacted the nucleic acid kit market for a short time due to restrictions on different business and research activities for nucleic acid 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 nucleic acid 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 nucleic acid kit market during the forecast period
North America, which holds a major share in the nucleic acid 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 nucleic acid kits, and the rising prevalence of chronic diseases.
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