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Polymerase chain reaction (PCR) test tube is a small tube used during the polymerase chain reaction. These test tubes are manufactured using a variety of materials, and are available in different relative centrifugal force (RCF) ratings and capacities. The most preferred PCR test tubes are the low-profile tubes, which are suitable for rapid PCR. These tubes can further improve light nature in various fluorescence assays and can be fit in microplate readers. With PCR done in test tubes, it only takes a few hours for the process to complete. Currently, PCR tubes are being rigorously used in the diagnosis of the SARS-CoV-2 virus, which causes the COVID-19 infection.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the 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.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the biotechnology industry is expected to witness significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19.
Simultaneously, COVID-19 is expected to have a significant impact on the PCR test tubes market as the supply chain of raw materials required to manufacture these tubes has been disrupted in many countries. In addition, the market growth of PCR test tubes is declining, as manufacturers of these products have slowed down their production due to the pandemic.
Top Impacting Factors
Growth in the PCR test tubes market is majorly driven by increased research and development in the biotechnology industry and technological advancements in the life science industry.
In addition, rising number of genome projects all across the world coupled with advanced research with polymerase chain reaction has fueled the growth of the market in recent years.
Many government institutions are further offering grants for various forms of genetic research, which require the use of PCR test tubes in the polymerase chain reaction. This factor is significantly propelling the growth of the PCR test tubes market.
With PCR done in test tubes, it takes only a few hours for the process to finish. These tubes fit well in thermal cyclers and the chances of spillage are reduced. These advantages offered by PCR test tubes are increasing their usage in many diagnostic laboratories, thereby augmenting the market growth.
However, high cost associated with PCR test tubes is one of the factors that can impede the growth of the PCR test tubes market.
Key Market Trends
The academic & research institutes segment accounted for a large share in the PCR test tubes market, owing to the increased use of polymerase chain reaction in almost all forms of genomic research and projects.
Recently, the use of streptavidin-coated PCR test tubes has increased considerably. This can be attributed to the support that these tubes offer for binding biotinylated molecules. These tubes are further being used in COVID-19 detection, as they are highly sensitive to the virus and easy to use.
With the global pandemic, the number of companies focused on developing vaccines has been rising. PCR test tubes are being used in such processes, as PCR is often used in various stages of vaccine development.
North America garners the largest share of the PCR test tubes market, due to increasing research funding in the region in the biotechnology sector and the presence of key market players.
Key Benefits of the Report
Questions Answered in the PCR Test Tubes Report
Key Market Segments
Key Market Players