According to FutureWise analysis the market for NGS Automation is expected to reach US$ 1.72 billion by 2031 at a CAGR of 13.60%.
Next generation sequencing (NGS) automation workstations are liquid handling machines that automate the preparation of NGS libraries. Researchers can increase the quality of their libraries by automating the generation of consistent, reliable, and repeatable NGS data. NGS automation also improves the process's cost-effectiveness and shortens its length. Furthermore, by limiting manual interaction with the chemicals and samples, NGS automation decreases the possibility of contamination.As manual NGS library preparation is time-consuming and error-prone, there has been a growing demand for NGS workflow automation to improve productivity and eliminate errors. The increasing demand for automation in NGS workflow, rising cancer incidences, and rising R D investments and healthcare expenditure are all contributing to the market's growth.
Additionally, the rising number of company collaborations to develop library preparation procedures and the increasing applications of next-generation sequencing are likely to generate considerable potential prospects for this industry.The high cost of automation workstations, on the other hand, is likely to limit the market's expansion significantly. Furthermore, regulatory and standards problems in diagnostic testing, as well as the need for highly skilled employees to operate automation software, are important roadblocks to the market's expansion. To discriminate between COVID-19, influenza, and other viruses, NGS is likely to play a key role in epidemiological studies. COVIDSeq, an Illumina Inc. NGS-based test for qualitative detection and diagnosis of COVID-19, gained emergency use authorisation from the US FDA in June 2020. Similarly, Oxford Nanopore Technologies Limited and SwabSeq by Octant, Inc. developed LamPORE, an NGS-based test for COVID-19 diagnosis, these factors can futher give boost to NGS Market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of NGS Automation Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the NGS Automation Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.