Press release
Europe NGS Automation Market Projected to Reach $380.4 Million by 2030
[Redding, California, February 23, 2024] - Meticulous Research®, a pioneering market research company, unveils its latest comprehensive report titled, 'Europe NGS Automation Market by Product (Platform, Consumables), Sequencing Type (Whole Genome, Exome, Targeted), Application (Drug Discovery, Diagnostics), End User (Hospitals, Diagnostic Laboratories, Pharmaceutical, Academic) - Forecast to 2030.' This insightful report forecasts the Europe NGS automation market to soar to $380.4 million by 2030, reflecting a remarkable CAGR of 13.4% from 2023 to 2030.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5644
The burgeoning growth of the Europe NGS automation market is underpinned by several key factors. Chief among these are the escalating R&D endeavors within the life sciences sector, coupled with an ever-growing demand for NGS automation across laboratory settings. Furthermore, the pervasive prevalence of chronic illnesses like cancer fuels this upward trajectory.
However, amidst these promising prospects lie challenges such as the high cost associated with automation workstations, which may impede the widespread adoption of NGS automation solutions. Additionally, regulatory and standardization concerns in diagnostic testing pose significant hurdles, alongside the demand for highly skilled personnel proficient in operating automation software.
Key Players Driving Innovation
Leading the charge in propelling innovation within the NGS automation market in Europe are esteemed players including Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), and Thermo Fisher Scientific Inc. (U.S.), among others. These trailblazers relentlessly pursue excellence, driving advancements that redefine industry standards and reshape the future of NGS automation.
Browse in depth @ https://www.meticulousresearch.com/product/europe-ngs-automation-market-5644
Future Outlook: Segmental Insights
The Europe NGS automation market is meticulously segmented by product, application, sequencing type, and end user, offering granular insights crucial for strategic decision-making.
Based on product, the workstation/robotic platform segment is estimated to account for the largest share of the NGS automation market. The large share of this segment is attributed to factors such as the increasing demand for NGS automation solutions in laboratories and the benefits of NGS automation during library preparation compared to manual processes.
Based on application, the clinical diagnostic segment is slated to register the highest growth rate during the forecast period. The high growth of this segment is attributed to the increasing adoption of NGS by diagnostic laboratories to improve their capabilities in diagnosing rare genetic abnormalities, performing genetic profiling for precision oncology, and detecting pathogens in infectious diseases.
Based on sequencing type, the whole genome sequencing segment is expected to account for the largest share of this market. The large market share of this segment is attributed to the high demand for NGS automation solutions for WGS to reduce per sample costs.
Based on end user, the pharmaceutical & biotechnology companies segment is poised to command the largest share of this market. The large share of this segment is attributed to the increasing R&D expenditure by pharmaceutical and biotechnology companies and the rising demand for new drug development and discovery. Additionally, the financial capability of pharmaceutical & biotechnology companies to acquire highly sophisticated NGS automation workstations boosts the growth of this segment.
Quick Buy - Europe NGS Automation Market - Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/49228067
Geographic Landscape
The report provides a meticulous analysis of the Europe NGS automation market at the regional and country levels, delivering comprehensive insights crucial for informed decision-making and strategic planning.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
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California, 96001, U.S.
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