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Digital Companion Diagnostics Market to Witness Massive growth ahead | Roche Holdings (Switzerland), Abbott Laboratories (US), Thermo Fisher Scientific (US)
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The market research report provides detailed analysis of market drivers, challenges, opportunity analysis, and trend
BriefingWire.com, 3/10/2021 - The Global Biomarker Technologies Market 2021-2025 Report provides an in-depth analysis on the studied market that helps to seem at the longer term requirement also as prediction. The Biomarker Technologies Market Report evaluates the market by key market players, opportunities, value, trends, growth, market share, market competition landscape, recent developments and sales volume analysis. Additionally, it magnifies the chance for decision-making and helps create an efficient counter-strategy to realize a competitive advantage. The report provides up-to-date review of the present global market scenario, the newest developments and drivers, and therefore the overall market environment is given within the study.
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The North America life science tools market size is expected to reach USD 81.9 billion by 2027 registering a CAGR of 11.6%
The market growth is attributed to a rise in government funding for life science technologies, growth of cell & gene therapies, increasing demand for biopharmaceuticals, and a rise in competition among prominent market entities.
Competitive dynamics continue to drive a rapid pace of innovation in sequencing, multiplex platforms, and major categories of mass spectrometry and liquid chromatography; this supports growth via upgrade/replacement cycles and expands the applicability of technologies. An increase in investments for R&D of life science tools is expected to drive the market significantly.
North America Life Science Tools Market 2020-2027: Opportunities in the Rise in the Number of Strategic Deals & Developments
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The Global Next-generation Sequencing Market was valued at USD 8206.75 Million in 2019 and is projected to grow at a CAGR of 19.59% during the forecast period.
Enhancing regulatory framework for next-generation sequencing based tests for diagnostics is the key factor for the growth of the Global Next-generation Sequencing Market during the forecast period.
Moreover, advancements in next-generation sequencing coupled with reduction in the price of NGS platforms are some other major factors that are anticipated to bolster the growth of the Global Next-generation Sequencing Market over the coming years. However, some of the factors that might act as major impediments to the growth of the Global Next-generation Sequencing Market includes concerns pertaining to the standards of NGS based diagnostics.
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