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In-vitro transcription is a procedure in which bacteriophage DNA-dependent RNA polymerase is used in the synthesis of RNA of any sequence from DNA templates. Moreover, this is a process of copying segment of DNA into RNA. Segments of DNA transcribed into RNA molecules that can encode proteins are said to produce messenger RNA (mRNA). Other segments of DNA are copied into RNA molecules called as non-coding RNA (ncRNA). Synthesized RNA transcripts are further used for analysis of cellular RNA functionality in methods such as spilicing, RNA processing, intracellular transport, viral infectivity, and translation
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID-19 is expected to have a significant impact on the in-vitro transcription templates market.
Top Impacting Factors
Market Trends
Rise in Usage of In-Vitro Transcription Templates
As per the data of Moderna 2020, announced approval for emergency use of RNA vaccine for treatment of COVID-19. Moreover, this RNA vaccine was found to be 95% effective. In addition, surge in cases of viral infection cases, surge in expenses on healthcare sectors, joint venture, collaboration & mergers between local market players to increase development, and adaptation of advance healthcare systems are expected to boost the growth of the market.
Key Benefits of the Report
Questions Answered in the In-Vitro Transcription Templates Market Report
Key Market Segments
Key Market Players