USD 1.41 billion
Report ID:
SQMIG35D2097 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
NGS Sample Preparation Market size was valued at USD 1.61 billion in 2022 and is poised to grow from USD 1.84 billion in 2023 to USD 5.37 billion by 2031, growing at a CAGR of 14.32% during the forecast period (2024-2031).
The global NGS (Next-Generation Sequencing) sample preparation market is witnessing significant growth and is expected to continue its upward trajectory in the coming years. NGS sample preparation refers to the process of preparing DNA or RNA samples for sequencing using nanoscale technologies and techniques. NGS allows for high-throughput sequencing, providing researchers with valuable insights into the genetic composition and functioning of biological samples. NGS sample preparation plays a crucial role in ensuring the accuracy and quality of sequencing data, thereby driving its demand. In addition, advancements in nanotechnology have led to the development of innovative and efficient sample preparation techniques. Nano-sized magnetic beads, nanofluidics, and microfluidics are some of the emerging technologies that enable faster and more precise sample processing. These advancements not only enhance the efficiency of NGS sample preparation but also reduce the overall turnaround time and cost, making it more accessible to researchers and clinicians.
US NGS Sample Preparation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.41 billion
Largest Segment
Library Preparation Kits
Fastest Growth
Library Preparation Kits
Growth Rate
14.32% CAGR
To get more reports on the above market click here to Buy The Report
Global NGS Sample Preparation Market is segmented by type, application, and region. Based on type, the market can be segmented into Library Preparation Kits, Sample Quality Control (QC) Kits and Target Enrichment Kits. Based on application, the market is segmented into Whole Genome Sequencing (WGS), Whole Exome Sequencing (WES), Targeted Sequencing, RNA Sequencing (RNA-Seq) and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
NGS Sample Preparation Market Analysis by Type
Library Preparation Kits segment dominated the global market due to their essential role in the NGS process. They facilitate the conversion of DNA or RNA samples into libraries, which contain the necessary adapters and indices for sequencing. As NGS technologies become more widely adopted in various research fields, such as genomics, oncology, and personalized medicine, the demand for Library Preparation Kits continues to grow steadily.
On the other hand, the fastest growing type in the global NGS sample preparation market is Target Enrichment Kits. These kits are designed to selectively capture and enrich specific regions of the genome or exome, enabling focused sequencing of relevant genomic regions. Target enrichment is particularly valuable for applications such as identifying disease-associated mutations, conducting population studies, and investigating specific gene panels.
NGS Sample Preparation Market Analysis by Application
Among the different applications in the global NGS (Next-Generation Sequencing) sample preparation market, the dominant application is Whole Genome Sequencing (WGS). WGS involves the comprehensive sequencing of an organism's entire genome, providing a wealth of information about genetic variations and potential disease-causing mutations. WGS is widely used in various research areas, including genomics, population genetics, and precision medicine, making it the dominant application in the NGS sample preparation market.
On the other hand, the fastest-growing application in the global NGS sample preparation market is RNA Sequencing (RNA-Seq). RNA-Seq allows researchers to study gene expression patterns, identify differentially expressed genes, and analyze alternative splicing events. It has revolutionized transcriptomics research and has become a powerful tool in understanding gene regulation, biomarker discovery, and disease mechanisms. The increasing adoption of RNA-Seq in fields such as oncology, neuroscience, and developmental biology has fueled its rapid growth in the NGS sample preparation market.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the global NGS (Next-Generation Sequencing) sample preparation market. North America, comprising countries such as the US and Canada, holds a significant share in the market. The region has a well-established healthcare infrastructure, a strong presence of key market players, and a high adoption rate of advanced genomic technologies. Additionally, extensive research and development activities in genomics and personalized medicine contribute to the dominance of North America in the NGS sample preparation market.
On the other hand, the fastest-growing region in the global NGS sample preparation market is Asia-Pacific. The Asia-Pacific region, including countries like China, Japan, India, and South Korea, is experiencing rapid growth in the adoption of NGS technologies. Factors such as increasing investments in healthcare infrastructure, rising government initiatives to promote precision medicine, and a growing focus on genomics research contribute to the fast-paced growth of the global market in Asia-Pacific. Additionally, the region has a large patient population, which drives the demand for advanced genomic testing and personalized medicine.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
NGS Sample Preparation Market Drivers
Growing Applications in Genomic Research
NGS Sample Preparation Market Restraints
Data Analysis and Storage Challenges
Request Free Customization of this report to help us to meet your business objectives.
The global NGS sample preparation market is highly competitive and dynamic, driven by the increasing adoption of NGS technology across various applications, including genomics, transcriptomics, and epigenomics. The market is characterized by a diverse range of players, including both established companies and emerging startups, all striving to capture a share in this rapidly expanding market.
NGS Sample Preparation Market Top Player’s Company Profiles
NGS Sample Preparation Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the Global NGS Sample Preparation analysis, it emphasizes the increasing adoption of NGS technologies across various applications such as oncology, genetic disorders, agriculture, and infectious diseases. The report also discusses the advantages of NGS sample preparation, including higher accuracy, cost-effectiveness, and faster turnaround time compared to traditional sequencing methods. The report highlights the growing demand for personalized medicine and the need for efficient diagnosis and treatment methods as key drivers propelling the NGS sample preparation market. Moreover, the rising prevalence of chronic diseases and the increasing focus on genomics research are also contributing to market growth. The report further examines the competitive landscape, profiling key players operating in the global NGS sample preparation market. This aids in understanding the competitive environment and assists market players in formulating effective strategies to gain a competitive edge.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.61 billion |
Market size value in 2031 | USD 5.37 billion |
Growth Rate | 14.32% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the NGS Sample Preparation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the NGS Sample Preparation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the NGS Sample Preparation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the NGS Sample Preparation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35D2097