Unlocking Growth: Europe NGS Automation Market Trends and Forecasts to 2030


Posted September 13, 2024 by Harshal

According to this latest publication from Meticulous Research®, the NGS automation market in Europe is projected to reach $380.4 million by 2030, at a CAGR of 13.4% from 2024 to 2030.
 
Meticulous Research®, a renowned name in the market research industry, recently published a comprehensive report titled Europe 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 2030. This report provides an in-depth analysis of the Next-Generation Sequencing (NGS) automation market in Europe, highlighting its growth potential, trends, and future projections.

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Market Overview and Growth Projections
According to Meticulous Research®, the NGS automation market in Europe is forecasted to experience significant growth, with its market size expected to reach $380.4 million by 2030. The market is projected to grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2030. This strong growth trajectory is attributed to several key factors driving the demand for NGS automation, including the increasing research and development activities within the life sciences sector, rising demand for automation solutions in laboratories, and the growing prevalence of chronic diseases, especially cancer.

The market is benefiting from the shift towards precision medicine and the growing use of NGS technology in clinical diagnostics, research, and drug discovery. The increasing prevalence of chronic diseases, particularly cancer, has accelerated the need for more efficient, high-throughput genomic sequencing methods. NGS automation has emerged as a solution to streamline these processes, improving speed, accuracy, and cost-effectiveness in sequencing applications.

Drivers of Market Growth
1. Rising R&D Activities in Life Sciences
The life sciences industry has seen a surge in research and development activities, particularly in the fields of genomics and personalized medicine. NGS plays a critical role in these areas, providing a detailed analysis of genetic material that can be used for the diagnosis and treatment of various diseases. Automation of NGS processes has significantly improved the efficiency of laboratories, allowing researchers to sequence genomes with greater speed and precision.

2. Increasing Demand for Automation in Laboratories
Automation has revolutionized the way laboratories operate, enabling higher throughput and reducing human error in complex sequencing tasks. NGS automation solutions, such as robotic platforms and workstations, are increasingly being adopted by laboratories across Europe. These technologies simplify complex processes like library preparation, which is a crucial step in sequencing workflows, making them more efficient and less prone to manual errors. This demand is expected to drive significant growth in the NGS automation market.

3. Growing Prevalence of Chronic Diseases
The rising incidence of chronic diseases such as cancer, cardiovascular diseases, and genetic disorders has further fueled the demand for NGS automation solutions. NGS technology is widely used in diagnostic applications to identify genetic mutations, detect pathogens, and perform genetic profiling. As healthcare providers increasingly rely on NGS for early diagnosis and personalized treatment plans, the demand for automation solutions to handle the large volume of samples and data will continue to rise.

Opportunities and Challenges
While the NGS automation market in Europe shows promising growth potential, there are certain challenges that may hinder its progress. However, these are balanced by several opportunities that companies can leverage to drive future growth.

Opportunities
One of the key opportunities for growth in the NGS automation market lies in the increasing applications of NGS technology across various fields, including oncology, infectious diseases, and reproductive health. The versatility of NGS and its ability to provide comprehensive genomic insights are driving its adoption in multiple areas of research and diagnostics.

Additionally, there is a growing trend of collaborations and partnerships between companies to develop innovative library preparation protocols and sequencing workflows. These collaborations aim to enhance the efficiency and accuracy of NGS processes, making them more accessible and cost-effective for laboratories.

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Challenges
Despite the favorable market conditions, certain factors are expected to impede the growth of NGS automation in Europe. One of the major challenges is the high cost associated with automation workstations and robotic platforms. These sophisticated systems require significant upfront investment, which can be a barrier for smaller laboratories and research institutions with limited budgets.

Moreover, regulatory and standardization concerns in diagnostic testing pose another challenge. The use of NGS technology in clinical diagnostics must meet stringent regulatory requirements to ensure accuracy and reliability in patient care. Navigating these complex regulations can slow down the adoption of NGS automation solutions.

Additionally, the requirement for highly skilled personnel to operate NGS automation systems presents another challenge. The sophisticated nature of these systems necessitates specialized training and expertise, which may not be readily available in all laboratories.

Key Market Segments
The Europe NGS automation market is segmented based on product, sequencing type, application, and end user, providing a comprehensive analysis of different market segments and their growth potential.

Product Segmentation
In terms of products, the NGS automation market is divided into workstations/robotic platforms, consumables, and software. Among these, the workstation/robotic platform segment is expected to account for the largest share of the market by 2024. The increasing demand for these platforms is driven by their ability to streamline sequencing workflows, reduce manual intervention, and improve overall efficiency in laboratories.

Application Segmentation
By application, the NGS automation market is segmented into clinical diagnostics, drug discovery, agricultural and animal research, and others. The clinical diagnostics segment is projected to witness the highest growth during the forecast period. The growing adoption of NGS by diagnostic laboratories to enhance their capabilities in detecting rare genetic abnormalities, performing precision oncology, and diagnosing infectious diseases is fueling the growth of this segment.

Sequencing Type Segmentation
In terms of sequencing type, the market is segmented into whole genome sequencing, exome sequencing, and targeted sequencing. Whole genome sequencing (WGS) is expected to dominate the market, owing to the high demand for WGS solutions to reduce per-sample costs and improve the efficiency of large-scale genomic projects.

End User Segmentation
Based on end users, the pharmaceutical and biotechnology companies segment is poised to hold the largest share of the market. This dominance is attributed to the increasing R&D expenditures by pharmaceutical and biotechnology companies, as well as the rising demand for NGS in drug development and discovery. The financial capacity of these companies to invest in sophisticated NGS automation workstations also contributes to their large market share.

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Key Players in the Market
Several key players are operating in the NGS automation market in Europe, contributing to its growth and innovation. Some of the prominent companies include Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PRIMADAG 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 AG (Switzerland). These companies are at the forefront of developing advanced NGS automation solutions, driving innovation and competition in the market.

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Issued By Harshal
Country United States
Categories Biotech , Business , Technology
Tags europe ngs automation market , europe ngs automation market size , europe ngs automation market share , europe ngs automation market growth
Last Updated September 13, 2024