Press release
Asia-Pacific NGS Automation Market Set to Surpass $371 Million by 2031-Exclusive Insights by Meticulous Research®
[Redding, California, March 07, 2024] - In a comprehensive unveiling of market dynamics, 'Asia-Pacific 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 2031', meticulously conducted by Meticulous Research®, the Asia-Pacific NGS automation market is poised to escalate to a value exceeding $371 million by 2031, exhibiting a remarkable CAGR of 16.3% spanning from 2024 to 2031.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5790
The realm of next-generation sequencing (NGS) has undergone a profound transformation, heralding unprecedented access to intricate genomic insights. Within this landscape, NGS automation products play an instrumental role in streamlining the intricacies inherent in NGS workflows by automating pivotal steps, thereby optimizing laboratory resources. The automation of NGS sample preparation procedures confers manifold benefits including heightened process control, augmented sample throughput, enhanced reproducibility, and reduced hands-on time.
Propelling the growth of the Asia-Pacific NGS automation market are factors such as the burgeoning demand for NGS technology in clinical and research domains, the burgeoning incidence of cancer, and the escalating investments in pharmaceutical R&D and healthcare expenditures. Nevertheless, the exorbitant costs associated with automation workstations pose a notable deterrent to market expansion.
The burgeoning application of NGS in genetic disease testing, alongside governmental initiatives aimed at fostering the adoption of advanced technologies, is anticipated to unfurl market growth avenues. Nonetheless, regulatory and standardization concerns pertaining to diagnostic testing, coupled with the imperative to train personnel on NGS automation software utilization, pose formidable challenges to market progression.
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Elevated Demand for NGS Technology in Clinical and Research Arenas Fuels Market Momentum
Genetics stands as a cornerstone in the comprehension of myriad human diseases, furnishing invaluable insights into their etiological underpinnings and paving the path for innovative treatment modalities. Embracing NGS technologies across diverse stages of drug development, the pharmaceutical industry has significantly truncated both the time and cost associated with new therapy and drug development endeavors, courtesy of NGS automation's efficacy in bolstering workflow efficiencies.
NGS assumes a pivotal role in monitoring the transmission, dissemination, and evolution of pathogens amidst infectious disease outbreaks. For instance, the sequencing of the novel coronavirus, SARS-CoV-2, was swiftly accomplished using NGS mere days after the onset of the COVID-19 outbreak in Wuhan, China. This facilitated expeditious disease diagnosis and surveillance, expedited the development of efficacious disease management drugs, and catalyzed vaccine development initiatives. The escalating utilization of NGS in identifying novel drug targets and devising therapeutic modalities targeting specific genes and proteins is underscoring the demand for NGS technology, thereby galvanizing NGS automation adoption.
The constellation of key players operating within the Asia-Pacific NGS automation market encompasses Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PrimaDiag SAS (France), BRAND GMBH + CO KG (Germany), Hudson Robotics (U.S.), SPT Labtech (U.K.), Thermo Fisher Scientific, Inc. (U.S.), and F. Hoffmann-La Roche Ltd. (Switzerland).
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Insights into Market Segmentation: Unveiling the Nuances of the Asia-Pacific NGS Automation Landscape
The Asia-Pacific NGS automation market is meticulously stratified based on product categories encompassing platforms and consumables. In 2024, the workstations/robotic platforms segment is anticipated to command a lion's share of the market, propelled by factors including burgeoning pharmaceutical R&D expenditures and the escalating demand for NGS library preparation automation.
Among the sequencing types delineated in this report, the whole genome sequencing segment is poised to register the highest CAGR during the forecast period. This trajectory is underpinned by the growing utilization of whole genome sequencing, coupled with the burgeoning number of WGS-based research initiatives and the inherent advantages of WGS over alternative sequencing modalities.
Within the spectrum of applications scrutinized, the drug discovery segment is poised to reign supreme in 2024. The burgeoning utilization of NGS automation in laboratories to foster therapeutic modalities targeting specific genes augurs well for the identification of novel drug targets, thus amplifying the demand for NGS automation products.
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Geographically, China is slated to exhibit the highest CAGR during the forecast period, buoyed by factors such as burgeoning governmental emphasis on sequencing initiatives, the modernization and establishment of healthcare infrastructures, the sizeable populace grappling with gene-associated disorders, and the burgeoning research endeavors aimed at personalized medicine development. The establishment of sequencing centers further augments the growth trajectory of the NGS automation market in the country, exemplified by initiatives such as the BGI Genomics (China) and Brunei's Ministry of Health partnership, culminating in the establishment of the Hua-Yan lab focusing on disease diagnosis through sequencing technology.
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