Product ID: UCMIG35H2133
Report ID:
UCMIG35H2133 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the global market for the preparation of next-generation sequencing libraries is anticipated to be USD 1.42 billion in 2022 and to rise at a compound annual growth rate (CAGR) of 13.16% from 2023 to 2030. Due to factors such an increase in sequencing and rising awareness of genomics among Health Care practitioners, the library preparation industry is expanding. The market is expanding due to a number of causes, including the increase in research and development projects using NGS technologies, the use of NGS for clinical diagnostics, and applications for discovery that require NGS technology.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35H2133