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.
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Coal prices have soared as global energy supplies tighten and global consumption is expected to return to the record levels reached nearly a decade ago, CNBC reported.
Investors in coal stocks have done well thanks to high prices. Limiting carbon emissions is taking a back seat as governments scramble to secure energy supplies since the war. "Who would have thought dirty coal would be the best performing stock in the last fiscal year," said Peter O 'Connor, senior analyst at Shaw and Partners. It is also the best-performing sector so far this fiscal year. Looking ahead to the year ahead, with gas prices in Europe and the availability of gas supplies tight, countries are switching to coal, possibly until 2023."
The continued surge in coal demand has been driven by a shortage of gas, as the European Union moved to reduce the use of Russian gas and Russia responded by cutting supplies to the continent. The price of thermal coal, used to generate electricity, has risen about 170 per cent since the end of last year.
In contrast, coking coal, the other main coal traded, trades at a lower price. Slower economic growth in China has cooled steel production, which in turn has reduced demand for coking coal. A new report from the International Energy Agency warns that global coal consumption will grow by 0.7 per cent in 2022, bringing the global total to the annual record set in 2013, assuming China's economy recovers as expected in the second half of the year, with demand likely to rise further to a record high next year.
When the global economy recovered from the initial shock of the coronavirus pandemic, global coal consumption had rebounded by about 6% in 2021, the IEA said. Coal consumption in the EU is expected to grow by 7 per cent in 2022, on top of a 14 per cent increase last year. This is driven by demand from the power sector, where coal is increasingly being used as a substitute for natural gas. Several EU countries are extending the lives of coal plants scheduled for closure, reopening shuttered plants or raising operating hours caps to reduce gas consumption."
Meanwhile, the boycott of Russian coal has added further upward pressure on coal prices. Global coal prices are rising and pushing up the price of natural gas. Europe's worst fears are being realised after Russia cut the flow through the Nord Stream pipeline to 20 per cent of capacity. Natural gas stocks may not reach levels large enough to last through the winter.
Coal prices have soared as global energy supplies have tightened, which has also had an impact on product prices .
Analysis and forecast of the market size of PCR diagnostic industry
Polymerase chain reaction (PCR) is a nucleic acid synthesis technology that uses the principle of DNA double-strand replication to replicate specific DNA fragments in vitro. With this technology, the detection equipment can amplify the target gene in a large number in a short time, expanding the target gene fragment to the order of millions to billions, thus achieving high sensitivity detection. At present, polymerase chain reaction (PCR) diagnosis of infectious diseases such as hepatitis, venereal disease, intestinal respiratory disease and tumor single gene detection is an important application field. In 2020, polymerase chain reaction (PCR) diagnostic technology was identified as the "gold standard" for COVID-19 diagnosis due to its high sensitivity and accuracy.
China's PCR diagnostic market is developing rapidly, with the market size growing rapidly from about RMB 2.37 billion in 2015 to about RMB 5.93 billion in 2019, with a compound annual growth rate of 25.8%. China's PCR industry experienced explosive growth due to the huge demand for testing caused by the outbreak of COVID-19 in 2020, and the market size of China's PCR diagnostic industry exceeded 10 billion yuan in 2020. With the introduction of a large number of PCR diagnostic instruments, the PCR diagnostic industry will enter a new stage of development. It is expected that the PCR diagnostic industry will maintain a double-digit growth rate, and the market size of the PCR diagnostic industry will reach about 23.42 billion yuan in 2030 based on the factory price, and the cagR will reach about 13.3% from 2019 to 2030.
Market Demand of the nucleic acid kit
The DNA/RNA Extraction Kit market and other nucleic acid kit s 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 kit s. 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 kit s, and the rising prevalence of chronic diseases.
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