PersistenceMarketResearch states that molecular grade plates market will witness a remarkable CAGR between 2020 and 2030.
Molecular grade plates are used for preparing solid media for the growth as well as maintenance of yeast and bacterial cultures. They are looked upon as vital tools for several applications pertaining to oncology research. With growing occurrences of cancer along with government initiatives, demand for PCR (polymerase chain reaction) is increasing at an alarming rate. This factor is bound to create a major overhaul for molecular grade plates in the forecast period.
The ongoing trend implies tear-able PCR plates being asked for. Apart from cancer, the other ailments on the rise include viral Hepatitis C, viral hepatitis B, and also several sexually transmitted infections. DNA sequencing and nucleic acid purification ask for real time PCR – quantitative and qualitative.
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The year 2020 has witnessed an exponential rise in demand for molecular grade plates as PCR tests have proved to be very effective with regards to detection of Covid-19. Though this pandemic is on the verge of becoming an endemic now, the demand isn’t expected to cease, as preventive measures have been advised by the WHO, which include tests for Covid-19 even at the sight of a minor symptom in that direction.
Geography-wise, North America holds the largest market share, followed by Europe. This could be attributed to advancements in molecular grade plates herein. The Asia-Pacific has witnessed a substantial growth in the year 2020 due to the reasons stated above. The scenario is expected to continue going forward as well, especially due the Asia-Pacific being home to densely populated countries like India and China. Moreover, the number of chronic patients is also increasing. Of late, LATAM and MEA have also jumped the bandwagon.
The key players in the molecular grade plates market include Promega, Merck, Thermo Fisher, Agilent, New England Biolabs, QIAGEN, Bio Basic, Jena Bioscience, Roche, Takara Bio and Molecular Biology Resources.
