DNA Library Preparation Industry - Regional Synopsis
North America Market Forecasts
North America industry is anticipated to hold largest revenue share of 32% by 2037. The growth of this market can be attributed to the increasing presence of market players in the region along with growing investment in the drug development industry. The region's market expansion is mostly linked to in-depth disease-based research investigations that have been funded by pharmaceutical oligopolies and academic research centers. For instance, in March 2021, Swift Biosciences and SPT Labtech agreed to work together to improve the company's library preparation kits for use with the mosquito genomics and dragonfly discovery platforms. This will enable Swift Biosciences to offer more library preparation options for degraded DNA, low input RNA, and customized amplicon panels.
Asia Pacific Market Statistics
The Asia Pacific DNA library preparation market is estimated to hold a significant revenue share during the forecast period. The market's expansion can be attributed to an increase in pharmaceutical research and development, a sizable patient base, uniform data, lower costs, and a skilled workforce. In the next years, China is projected to be the preparation of NGS library that generates profits. The expansion of this nation in APAC is predicated on a rise in the NGS market, which is driven by rising life science funds, rising CRO, and an expanding global pharmaceutical market.
