Pharmaceutical Industry Today
Europe Nucleic Acid Sample Preparation Expected to Become a USD 3.35 Billion Market by 2032- BIS Research
Molecular techniques such as automated workstations have been developed to meet the growing demand for rapid diagnostic information and accurate patient treatment. Moreover, the importance of sample preparation in precision medicine cannot be overstated, as it ensures the secure and efficient application of personalized therapies.
In the forecast period of 2022-2032, the European region is expected to experience faster growth in pharmaceuticals. The Europe nucleic acid sample preparation market is expected to experience significant growth, reaching $3.35 billion by 2032, compared to $1.30 billion in 2022, with a CAGR of 9.89%. This expansion is attributed to the increasing use of nucleic acid molecules in various medical applications, driving the demand for nucleic acid sample preparation in the European region.
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Market Analysis: Trends, Data, and Growth Projections
The region's nucleic acid sample preparation market is experiencing growth primarily due to the heightened demand for downstream applications like next-generation sequencing (NGS) and other advancements in nucleic acid extraction/isolation techniques.
BIS Research, a leading market research firm, has released a report titled- Europe Nucleic Acid Sample Preparation Market, which discusses the challenges, growth factors, and future opportunities driving the remarkable market growth.
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Key Players and Market Shares
In 2021, Europe accounted for 31.14% of the nucleic acid sample preparation market share. The substantial growth of the European sector is largely impacted by the presence of prominent companies within the market.
Some major companies operating in the Europe nucleic acid sample preparation market are:
- Endress+Hauser Group Services AG
- Eppendorf SE
- F. Hoffmann-La Roche Ltd
- Merck KGaA
- QIAGEN
- Tecan Trading AG
Market Drivers, Challenges, and Opportunities
Regulatory advancements, ongoing research, and collaboration between industry leaders contribute to the growth of the Europe nucleic acid sample preparation market.
The rising utilization of nucleic acid molecules across diverse therapeutic areas drives demand, while advancements in nucleic acid extraction and isolation techniques contribute to market growth. Automated sample preparation workstations offer significant advantages, and the increasing demand for downstream applications like Next-Generation Sequencing (NGS) further fuels the market.
However, the market faces certain limitations. The high cost associated with automated workstations poses a challenge, hindering accessibility for some users. Additionally, rigid regulatory standards present obstacles, impacting the market's agility and potentially slowing the adoption of new technologies and products.
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Analyst Note
BIS principal analyst suggests: "Nucleic acid sample preparation includes consumables and systems that have been followed for several years. Sample preparation is typically an important phase in the accurate analysis of nucleic acids. Nuclease protection is one of the most important aspects to consider while processing nucleic acid samples."
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