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Europe Sequencing Reagents Market Forecast 2021-2028

KEY FINDINGS

The Europe sequencing reagents market is set to register a CAGR of 13.08% during the forecast period, 2021-2028. The rising cancer prevalence and the minimized costs of genetic sequencing offer immense growth opportunities.

MARKET INSIGHTS

Belgium, the United Kingdom, France, Italy, Russia, Poland, Germany, and Rest of Europe are analyzed for the Europe sequencing reagents market growth evaluation. Germany encompasses leading biotechnology hubs. Also, the country is engaged in continuous efforts to enhance R&D. It also leads the collaborations among international organizations of different countries. For instance, the German Federal Government launched a campaign in June 2020 to facilitate R&D collaborations between Indian and German R&D institutions and companies. In addition, the significant prevalence of autoimmune diseases and cancer has resulted in a growing demand for specialized therapies in Germany. As a result, there is rising adoption of sequencing techniques that surges the demand for sequencing reagents. Such factors, along with the strong presence of prominent players, propel market growth.

In countries like France, market players are engaged in inorganic and organic developments. For example, MGI and the Health Ministry of France have agreed to provide materials and equipment to facilitate the testing of 2 million people for COVID-19. Further, Spain has a flourishing biotechnology industry and rising R&D expenditure. The country is also ranked 9th in scientific production in biotechnology. Moreover, government and non-government investments in biotechnology R&D drive market growth.

COMPETITIVE INSIGHTS

Some of the major firms in the market include F. Hoffmann-La Roche, Qiagen NV, BGI Genomics, Bio-Rad Laboratories Inc, Trilink Biotechnologies Inc, etc.

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Europe Sequencing Reagents Market Forecast 2021-2028
Published By :Inkwood Research
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