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Middle East & Africa NGS Market Projected to Reach $356.5 Million by 2031

02-28-2024 10:51 AM CET | Health & Medicine

Press release from: Meticulous Research®

Middle East & Africa NGS Market Projected to Reach $356.5 Million

Meticulous Research® Unveils "Middle East & Africa NGS Market" Forecasted to Reach $356.5 Million by 2031

Leading Global Market Research Firm Releases Comprehensive Report

Meticulous Research®, a premier global market research company, has announced the release of its latest comprehensive research report titled "Middle East & Africa NGS Market by Offering (Kits [Library Prep, QC, DNA Extraction], System), Type (Genome, Exome, Targeted), Application (Reproductive, Oncology, Infectious, Drug Discovery), Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Forecast to 2031."

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5786

According to this recent publication from Meticulous Research®, the Middle East & Africa NGS market is anticipated to soar to $356.5 million by 2031, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 11.1% from 2024 to 2031. The market's upward trajectory is propelled by several factors, including the proliferation of genome sequencing initiatives, advancements in sequencing methodologies, declining costs associated with genome sequencing, escalating cancer prevalence rates, and the expanding applications of NGS in cancer research and treatment. Nevertheless, challenges such as the high expenses related to NGS systems and consumables, as well as the availability of alternative technologies, present hurdles to market growth.

The rising adoption of bioinformatics and genomic data management solutions, coupled with collaborative efforts and partnerships to bolster next-generation sequencing, are poised to unlock growth opportunities in the market. However, the shortage of skilled professionals and the lack of standardization represent significant challenges to market expansion.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/middle-east-and-africa-ngs-market-5786

Key Players:
The report profiles key players in the Middle East & Africa NGS market, including Thermo Fisher Scientific Inc., Illumina, Inc., Qiagen N.V., F. Hoffmann-La Roche Ltd, PerkinElmer, Inc., Agilent Technologies, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Oxford Nanopore Technologies Plc., 10X Genomics, Inc., and Pacific Biosciences of California Inc.

Future Outlook:
The Middle East & Africa NGS market is segmented based on Offering (Consumables, NGS Platforms/Instruments, Software, Services), Sequencing Type (Targeted Genome Sequencing, Whole Genome Sequencing, Whole Exome Sequencing, Other Sequencing Types), Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing [SMRT], Nanopore Sequencing, DNA Nanoball Sequencing), Applications (Clinical Applications, Research Applications), End User (Hospitals and Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Academic Institutes & Research Centers, Other End Users), and Geography.

Quick Buy: https://www.meticulousresearch.com/Checkout/57011369

Geographic Analysis:
The report provides a comprehensive analysis of market trends in the United Arab Emirates, Qatar, Saudi Arabia, and the Rest of Middle East & Africa. Saudi Arabia is poised to dominate the market in 2024, driven by the increasing adoption of advanced technologies for research purposes, the expanding applications of NGS in drug discovery, and the escalating research and development expenditure by pharmaceutical and biotechnology companies.

Meticulous Research® is committed to delivering unparalleled insights, enabling businesses to make informed decisions. For further information or to access the report, visit [website] or contact [contact information].

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5786

Contact:

Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

About Meticulous Research®

Meticulous Research® stands as a frontrunner in delivering unparalleled market intelligence reports, consulting services, and customized solutions. Committed to precision, Meticulous Research® empowers clients to stay ahead in the ever-evolving business landscape.

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