Global NGS Sample Preparation Market Is Expected To Reach $5.20 Billion By 2032

04-Apr-2024 | Zion Market Research

Zion Market Research has published a new report titled “NGS Sample Preparation Market by Workflow (Target Enrichment and Library Preparation), by Product (Consumables & Reagents and Workstations), Technology (Nanopore Sequencing, Sequencing by Synthesis, Single Molecule Real Time Sequencing, and Ion Semiconductor Sequencing), and by Application (Drug Discovery, Animal & Agricultural Research, Diagnostics, Precision Medicine, Biomarker Discovery, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032”. According to the report, the global NGS sample preparation market was approximately USD 1.95 billion in 2023 and is predicted to grow to around USD 5.20 billion by 2032 with a compound annual growth rate (CAGR) of roughly 11.48% between 2024 and 2032.

NGS Sample Preparation Market Size

Next-generation sequencing (NGS) is one of the high-throughput methods for DNA sequencing and uses the concept of massively parallel processing. It is also referred to as massively parallel sequencing. NGS platforms vary in sequencing chemistry and engineering configurations. NGS techniques enable the determination of RNA structures. The use of NGS has enabled sequencing of the entire human genome in a single day. NGS technologies have increased the speed and precision of genome sequencing. Advances in sample preparation processes and kits to standardize and streamline stages are making NGS more reachable to scientists.

Growing incidence of genetic disorders, improvements in NGS platforms, decreasing sequencing costs, enhancing reimbursement situation for diagnostic examinations based on NGS, rising number of research projects in genome research, and growing demand for nucleic acid sequencing will be majorly driving the growth of the global NGS sample preparation market. However, the high cost of NGS and strict NGS-related guidelines in some countries may restrict the growth of this global market.

Browse the full “NGS Sample Preparation Market by Workflow (Target Enrichment and Library Preparation), by Product (Consumables & Reagents and Workstations), Technology (Nanopore Sequencing, Sequencing by Synthesis, Single Molecule Real Time Sequencing, and Ion Semiconductor Sequencing), and by Application (Drug Discovery, Animal & Agricultural Research, Diagnostics, Precision Medicine, Biomarker Discovery, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032?” Report at https://www.zionmarketresearch.com/report/ngs-sample-preparation-market

Global NGS Sample Preparation Market

The global NGS sample preparation market is split into the workflow, product, technology, and application. Based on workflow, the NGS sample preparation market includes target enrichment and library preparation (RNA and DNA). The product segment includes consumables and reagents and workstations. The consumables and reagents segment is anticipated to hold the largest market share in the future, due to the decreasing sequencing cost, the presence of advanced NGS platforms, and increasing NGS applications. The technology segment includes nanopore sequencing, sequencing by synthesis (SBS), single molecule real-time (SMRT) sequencing, and ion semiconductor sequencing.

The application segment includes drug discovery, animal and agricultural research, diagnostics, precision medicine, biomarker discovery, and others. The diagnostics segment is expected to represent the largest market share in the future, owing to the increasing cancer cases and advantageous reimbursements for NGS-based examinations.

North America is the dominant region in the global NGS sample preparation market and will display rapid growth in the future. This progress can be attributed to the initiatives taken by the government as well as non-government bodies for the adoption of NGS technologies, rapid acceptance of NGS diagnostics, and quick implementation of the latest technologies. The Asia Pacific NGS sample preparation market is projected to grow rapidly over the estimated time period. China, Japan, and India are expected to lead the growth for drug discovery in the region.

NGS Sample Preparation Market: Competitive Analysis

The global NGS sample preparation market is led by players like:

  • Agilent Technologies
  • Thermo Fisher Scientific
  • Illumina
  • F Hoffman-La Roche
  • Macrogen
  • Eurofins Scientific

This report segments the global NGS sample preparation market into:

Global NGS Sample Preparation Market: By Workflow

  • Target Enrichment
  • Library Preparation
  • RNA
  • DNA

Global NGS Sample Preparation Market: By Product

  • Consumables and Reagents
  • Workstations

Global NGS Sample Preparation Market: By Technology

  • Nanopore Sequencing
  • Sequencing by Synthesis (SBS)
  • Single Molecule Real Time (SMRT) Sequencing
  • Ion Semiconductor Sequencing

Global NGS Sample Preparation Market: By Application

  • Drug Discovery
  • Animal and Agricultural Research
  • Diagnostics
  • Precision Medicine
  • Biomarker Discovery
  • Others

Global NGS Sample Preparation Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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