The global DNA Library Preparation Market is expected to stimulate at a good rate In Upcoming Years. Virtual consultations are amongst the ongoing trends. They mitigate the spreading of contagious ailments, thereby facilitating better efficiency. The gap regarding the demand-supply ratio could also be bridged this way. With this practice being followed, the developing economies would benefit better, as the cost to commute could be curtailed.
The spread of coronavirus has led to delay of research and development activities among biopharmaceutical companies in DNA library preparation market due to the shift of focus on developing Covid-19 cure. Covid-19 has led to lockdown in several countries delaying manufacturing activities of DNA library preparation kits market. There has been observed supply chain disruption due to restrictions laid on trading across borders by various countries.
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For instance, Swift Biosciences Inc., a leading market player for DNA library preparation market kits has announced the release of Swift Amplicon SARS-CoV-2 research panel which targets full viral genome in a single reaction. Cost constraints of next-generation sequencing are expected to hinder DNA library preparation market growth.
Less number of high complexity genetic centre challenges the growth of DNA library preparation market. Ethical restrictions for DNA library preparation can hinders market growth.
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DNA Library Preparation Market: Segmentation
Based on the technique
Single-molecule real-time method
Ion semiconductor sequencing method
Nanopore sequencing method
Sequencing by synthesis method
Based on the application
Diagnostics
Oncology
Infectious Disease
Reproductive Disorders
Others
Drug discovery
Forensic testing
Animal research
Others
Based on the end-users
Biopharmaceutical companies
Academic & research institutes
Contract research organizations
Clinical laboratories
Others
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Whereas, drug discovery segment is expected to observe a significant rise with increasing research and development activities in DNA library preparation market. Biopharmaceutical companies are the largest end-users of DNA library preparation market followed by academic & research institutes.
Asia-Pacific is expected to observe a significant growth in DNA library preparation market with the increasing prevalence of genetic disorders in the region. Whereas, the Middle East and Africa are untapped regions for DNA library preparation market due to poor economic conditions and less healthcare spending.
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