Fact.MR, a global research firm, in its recent study on the universal probe library market anticipated that the market will record a sturdy CAGR in 2021.
Fact.MR, a global research firm, in its recent study on the universal probe library market anticipated that the market will record a sturdy CAGR in 2021. The universal probe library is foreseeing robust growth as a result of growing dependency on validations relied on RT-PCR, increasing studies of life science, proliferating segment of biotechnology, along with burgeoning need for advanced technology in the research & development vertical.
“R&D in life science is exceedingly reliant on funding grants and government research. Development of provisions of policies and subsidy by various governments boosts R&D activities across several sections of the universal probe library market.” states Fact.MR.
Technological Progressions Continues to Propel Universal Probe Library
With increased level of compatibility, the universal probe library based on advanced technology has been employed successfully in several assays, comprising microarray validation assays, and gene knockdown quantification, amid others. With impressive and unique capabilities of the technology, the industry is anticipated to expand in the near future.
Growing prevalence of automation in life science research, as a result of the demand for improved efficiency, accuracy, speed, and productivity. Extensive exploitation of these technologies in upcoming future is estimated to generate a huge demand for universal probe library technologies in 2021 and beyond.
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Pharmaceutical & Biotechnology End-User Industries to Generate Prospects
Life science field is anticipated to bolster gains in healthcare system, being backed by substantial private investments & government funding. Increasing private investments in this sector have ensued into strong competition in the pharmaceutical & biotechnology industry.
Pharmaceutical & biotechnology fields are key end-user industries for the global market for universal probe library, therefore, increasing investments in them are projected to boost the usage of universal probe library technology.
The US Universal Probe Library will Offer Huge Development Prospects
The US is offering tremendous development prospects for the upcoming market players that are projected to fuel the growth of the universal probe library market in the forthcoming years. Also, growing access to healthcare and increasing patients demand for innovative treatments will encourage market growth.
Industry and academic collaboration could be foreseen more in the developed regions such as the UK and Germany. This allows the mix of targeted research’s expertise of academics with industry’s resources and developmental expertise.
On the other hand, rise in government expenditure on healthcare in nations such as Japan, India, China in addition to other nations shall propel growth of the market.
Introducing Highly Advanced Products Remains Prime Focal Area: Fact.MR Survey
Universal Probe Library market growth is gaining impetus owing to the existence of key players. Fact.MR’s survey with thought leaders revealed that introducing highly advanced products along with sophisticated attributes and adopting new technologies will remain a prominent strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are Sigma-Aldrich, Roche Life Science, SABiosciences, Biocompare, and Abbott. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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