NGS Sample Preparation Market is expected to reach US$ 5.08 Bn by 2029, at a CAGR of 11.36% during the forecast period.
NGS Sample Preparation Market Overview:
The NGS (Next-Generation Sequencing) sample preparation market is set to experience significant growth, projected to reach a value of US$ 5.08 billion by 2029, with a compound annual growth rate (CAGR) of 11.36% during the forecast period. The rapid advancements in genomics and the increasing demand for personalized medicine are key drivers of this market. NGS sample preparation involves processes that prepare DNA or RNA samples for sequencing, which is crucial for various applications in medical research, diagnostics, and pharmaceuticals.
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NGS Sample Preparation Market Scope:
This report provides a comprehensive analysis of the NGS sample preparation market, including an in-depth examination of market dynamics, segmentation, and regional analysis. It covers the impact of COVID-19 on market leaders, followers, and disruptors, highlighting how different regions and segments were affected by the pandemic. The report includes market size forecasts, historical data, and insights into key drivers, restraints, and opportunities shaping the market's future. Additionally, it offers a competitive analysis of major players in the market, examining their product portfolios, growth strategies, and regional presence.
NGS Sample Preparation Market Drivers:
Several factors are propelling the growth of the NGS sample preparation market. The increasing prevalence of diseases such as cancer, where NGS is used for diagnostics and treatment management, is a significant driver. The growing need for personalized medicine and clinical diagnostics, supported by advancements in healthcare technology and increased healthcare expenditure, further fuels market growth. The aging population, with its higher susceptibility to genetic disorders, also contributes to the rising demand for NGS sample preparation.
Technological advancements in sample preparation techniques and kits are simplifying and streamlining the process, making it more accessible and efficient. Single molecule real-time sequencing is expected to be the fastest-growing segment due to its capability for real-time sample preparation. Additionally, the biopharmaceutical sector's focus on developing new drugs using NGS samples drives market growth, as these players are the largest consumers of NGS technologies.
NGS Sample Preparation Market Segmentation:
by Product
Reagent
Workstations
by Workflow
Library Preparation
Target Enrichment
by Application
Infectious Disease
Cancer Diagnostics
by Technology
SMRT
Nanopore
NGS Sample Preparation Market Key Players: The key players are
1. llumina Inc.
2. Thermo Fisher Scientific
3. QIAGEN N.V.
4. Agilent Technologies, Inc.
5. Beckman Coulter
6. Becton
7. Dickinson and Company
8. Pacific Biosciences of California
9. F Hoffman-La Roche AG
10. Eurofins Scientific and Macrogen, Inc.
11. Macrogen,Inc
12. New England Biolabs, Inc.
13. Nugen Technologies, Inc.
14. Oxford Gene Technology
15. Oxford Nanopore Technologies, Ltd.
16. Perkinelmer, Inc.
17. Merck KGaA
18. Integrated DNA Technologies, Inc.
19. Tecan Trading AG.
20. Promega Corporation
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NGS Sample Preparation Market Regional Analysis:
Geographically, the NGS sample preparation market is dominated by North America, followed by Europe. North America's leading position can be attributed to favorable government initiatives and private sector investments in NGS technologies, widespread adoption of NGS diagnostics, and extensive research and clinical applications. The presence of leading NGS service providers and rising cancer research activities also contribute to the region's market growth.
Europe holds a substantial market share due to increasing awareness and adoption of NGS services, supported by government funding for genomics research. The Asia-Pacific region is expected to witness significant growth during the forecast period, driven by rising healthcare expenditure, improving healthcare infrastructure, and increasing research activities in genomics.
COVID-19 Impact Analysis on NGS Sample Preparation Market:
The COVID-19 pandemic had a mixed impact on the NGS sample preparation market. While there were disruptions in supply chains and laboratory operations due to lockdowns, the demand for NGS technologies surged for COVID-19 research and diagnostics. The pandemic highlighted the importance of genomic sequencing in understanding and managing infectious diseases, leading to increased investments in NGS technologies.
Different regions experienced varying impacts based on their COVID-19 response and healthcare infrastructure. For example, North America and Europe, with their advanced healthcare systems, quickly adapted to the increased demand for NGS diagnostics. In contrast, regions with less developed healthcare infrastructure faced challenges in scaling up their NGS capabilities.
Key Questions Answered in the NGS Sample Preparation Market Report are:
- What will be the CAGR of the NGS Sample Preparation market during the forecast period?
- Which segment emerged as the leading segment in the NGS Sample Preparation market?
- Which are the prominent players in the NGS Sample Preparation market?
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