Press release
North America NGS Automation Market Poised to Reach $776.1 Million by 2030
[Redding, California, February 19, 2024] - Meticulous Research®, a premier global market research company, has unveiled its latest report titled, "North America NGS Automation Market by Product {Workstations, Consumables}, Sequencing Type {Whole Genome, Exome, Targeted Genome}, Application {Drug Discovery, Diagnostics, Oncology}, End User {Hospitals, Pharmaceutical, Diagnostic Labs} - Forecast to 2030." According to the findings, the North America NGS automation market is forecasted to exhibit a robust CAGR of 14%, catapulting it to a valuation of $776.1 million by 2030.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5736
The growth trajectory of the North America NGS automation market is underpinned by several factors, including the escalating incidence of cancer, heightened demand for NGS automation solutions in laboratories, the imperative need for optimized and streamlined workflows, and amplified investments in pharmaceutical R&D alongside healthcare expenditures. Additionally, the proliferation of NGS technology applications and collaborative endeavors among industry stakeholders aimed at developing cutting-edge library preparation protocols are anticipated to unlock substantial growth avenues for market expansion. However, the market's progression may encounter a hindrance in the form of the steep costs associated with automation workstations.
Key Players Driving Market Dynamics
Prominent entities driving the North America NGS automation market landscape include Agilent Technologies, Inc., Danaher Corporation, Eppendorf AG, Hamilton Company, PerkinElmer, Inc., Tecan Group Ltd., BRAND GMBH + CO KG, Hudson Robotics, SPT Labtech, Thermo Fisher Scientific Inc., and F. Hoffmann-La Roche Ltd.
Browse in depth @ https://www.meticulousresearch.com/product/north-america-ngs-automation-market-5736
Future Outlook
The North America NGS automation market is meticulously analyzed across various parameters including Product (Workstations/Robotic Platforms, Reagents & Consumables), Sequencing Type (Whole Genome Sequencing, Whole Exome Sequencing, Targeted Genome Sequencing, and Other Sequencing Types), Application (Drug Discovery, Clinical Diagnostics, and Other Applications), End User (Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Academic & Research Institutes, and Other End Users), and Country. The study also encompasses a comprehensive evaluation of industry competitors, dissecting their market share at the country level.
Among all the product types studied in the report, in 2023, the workstations/robotic platforms segment is expected to account for the largest share of the North America NGS automation market. The large market share of this segment is attributed to the benefits of automation of NGS for library preparation, such as high efficiency, low turnaround time, reduced per sample cost, high reproducibility over manual methods, and high demand for NGS automation in pharmaceutical & biotechnology companies for drug discovery.
Speck to our analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5736
Among all the sequencing types studied in the report, the whole genome sequencing segment is expected to account for the largest share of the North America NGS automation market. The large share of this segment is attributed to the increasing utilization of NGS for identifying novel drug targets and developing therapeutic techniques that target specific genes and proteins, such as targeted therapies, gene therapies, and oligonucleotide therapies.
Among all the applications studied in the report, in 2023, the drug discovery segment is expected to account for the largest share of the North America NGS automation market. The large share of this segment is attributed to the increasing utilization of NGS for identifying novel drug targets and developing therapeutic techniques that target specific genes and proteins, such as targeted therapies, gene therapies, and oligonucleotide therapies.
Among all the end users studied in the report, the pharmaceutical and biotechnology companies segment is expected to account for the largest share of the North America NGS automation market in 2023. The large share of this segment is attributed to the rising R&D expenditure and the growing demand for new drug discoveries using advanced technologies.
Quick Buy - North America NGS Automation Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/56168191
Among all the countries studied in the report, the U.S. is expected to account for the largest share of the North America NGS automation market in 2023. The large market share of the U.S. is attributed to the increasing R&D expenditure by the pharma & biotech industry, the presence of leading NGS automation platform providers in the region, favorable government initiatives for genomics research, growing applications of NGS-based research, rising awareness of NGS-based tests, increasing cancer prevalence, and favorable reimbursement scenario in the country.
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Mr. Khushal Bombe
Meticulous Market Research Inc.
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