Viral RNA Extraction Kit Market is projected to reach US$ 2.85 billion by 2033, at a CAGR of 7.4%

In 2022, the global Viral RNA Extraction Kit Market was expected to be worth US$ 1.3 billion. This market is predicted to reach US$ 1.40 billion by 2023 and US$ 2.85 billion by 2033, with a robust CAGR of 7.4% from 2023 to 2033.

To isolate the virus's RNA, a range of physical and chemical techniques are used in viral RNA extraction. Chemical extraction includes the use of extraction kits to detect and extract viral RNA from materials. Extraction kits simplify the procedure by eliminating the need for mechanical disruption and reducing physical labour. Furthermore, new techniques for specific samples enable reproducible high-quality RNA purification. This removes any errors in the method and produces better results.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Viral RNA Extraction Kit Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Viral RNA Extraction Kit market.

Key Viral RNA Extraction Kit Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2033.
• Germany Viral RNA Extraction Kit market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2023 to 2033.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Viral RNA Extraction Kit Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Viral RNA Extraction Kit market. It also studies the impact of these dynamics on the market for the previous assessment period 2018 to 2022 to forecast the scope of market growth over the coming forecast period 2023 to 2033.
• Viral RNA Extraction Kit Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Viral RNA Extraction Kit market. As per the survey, Viral RNA Extraction Kit sales will project steady growth over the forecast period.
• Viral RNA Extraction Kit Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Viral RNA Extraction Kit market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Viral RNA Extraction Kit Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Viral RNA Extraction Kit market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Viral RNA Extraction Kit market.

Some of the prominent market players are profiled by FMI are:

• QIAGEN N.V.
• Omega Bio-Tek
• Thermo Fisher Scientific
• F.Hoffmann-La Roche Ltd.
• Bio-Rad Laboratories
• F.Hoffmann-La Roche Ltd.
• Promega Corporation
• Genaxxon Bioscience GmbH
• Agilent Technologies
• Others

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Viral RNA Extraction Kit Market

By Product Type:

• Kits & panel
• Solutions & Reagents
• Instruments & devices

By Type:

• Messenger RNA Isolation
• Circulating Nucleic Acid Purification
• MicroRNA Isolation
• PCR Cleanup

By Method:

• Guanidinium-acid-phenol isolation
• Silica technology
• Density gradient centrifugation
• Magnetic bead technology
• Lithium chloride & urea purification
• Column chromatography
• Non-column isolation

By Indication:

• Viral genotyping, epidemiology, & infectious disease research
• Drug Development (New product development)
• Personalized Medicine approach
• Animal Research (specimen or species research)
• Agriculture & horticulture
• Diagnostics

By End-user:

• Diagnostic centers or labs
• Research Institutes (Educational centers)
• Biotechnological & pharmaceutical organizations
• CROs (Contract Research Organizations)

Region

• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa