The global Molecular Grade Plates Market is on the verge of witnessing a drastic In Upcoming Years. The digital renaissance is dictating the terms for the industry. AI-powered data core is being used for delivering insights. Also, the virtual workforce is being developed with a transfer of digital skills, that too, from a plethora of innovative ecosystems and industries. Conversational AI is being deployed for helping the end-users with timely feedback. This trend is bound to take the overall industry at a greater stride in the upcoming period.
With polymerase chain reaction (PCR) testing highly sought-after in current times, catalysed by the outbreak of COVID-19, demand for molecular grade plates has never been so high. These are also in high demand from biotechnology companies and R&D institutes. PMR’s report further details why the regions of Asia Pacific.
North America, and Europe dominate the global molecular grade plates market. With top players focusing on acquisition and merger activities at regional levels to expand their bases, this industry is set to witness steady growth over the long-term forecast period.
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Growing Focus on Oncology Research to Spur Molecular Grade Plates Market: Molecular biology tools are important for various applications involved in oncology research. Rising number of cancer patients and increasing government initiatives lead to increased focus on oncology research, creating higher demand for polymerase chain reaction (PCR) in research. PCR is used as a novel detection tool to identify clinically important species and their mutations, which would guide in making therapeutic decisions for various cancers. This high demand for PCR is driving the expansion of the molecular grade plates market size across the globe.
Technological Advancements in Molecular Grade Plates: Continuous advancements in molecular grade plates are driving market growth. Demand for tear-able PCR plates among researchers is rising. Therefore, many companies are launching their PCR plates with this feature to meet the experimental needs of end users. Tear-able PCR plates have flexibility similar to tube strips, in a plate format. They can be easily separated into smaller plate sections, ensuring no tubes are wasted.
For example, Brooks Life Sciences Tear-A-Way plates provides the same flexibility in a one-component plate format, enabling them to be used with gradient PCR instruments.
Major players in the molecular grade plates market space are also developing products for sensitive applications such as low binding plates for Next Generation Sequencing sample preparation. These plates are preferred, since low binding polypropylene plates allow multiple incubation and transfer steps without sample loss during experiments. Increasing or preserving sample yield is a basic requirement for molecular biology applications.
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The global molecular grade plates market is consistently rising, and therefore, many new players are entering this space. Top players are focusing on acquisition and merger activities at regional levels. This trend is mostly observed across North America and Europe. Acquisitions empower companies with products and increase their portfolios. This also enables them to enter new emerging markets as well as enhance existing market shares.
For instance, in November 2015, Merck KGaA acquired Sigma-Aldrich, to become a leader in the cell culture market.
In January 2015, Abcam entered into a partnership agreement with A*STAR’s Institute of Molecular and Cell Biology, to develop high-quality immunoassays for life sciences research.
As the spread of COVID-19 continues, it is negatively affecting almost all industries; however, the molecular grade plates market is experiencing positive growth. The virus, known as severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), causes coronavirus disease 19 (COVID-19). Developing reliable tests for detecting the virus is essential to slow its spread.
The outbreak of coronavirus has created a huge opportunity for the molecular grade market to expand. There has been an increase in demand for PCR tubes and plates for coronavirus test and research. Leading manufacturers have started focusing on developing products to meet demand of the current scenario.
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For instance, Biomat, a worldwide manufacturer of plates and tubes for ELISA and PCR assays tests, with leading expertise in surface modification, has provided Biomat PCR-coated tubes and plates. These products offer viable support for the development of COVID-19 PCR tests kits for life science manufacturers and researchers.
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