The global NGS sample preparation market is expected to witness remarkable growth, surging from US$ 1321.8 million in 2022 to an impressive US$ 5441.1 million by 2032, representing a compound annual growth rate (CAGR) of 13.7%.
Standing at the forefront of genomics advancement, the NGS Sample Preparation Market plays a pivotal role in enabling the accurate and efficient processing of genetic material for Next-Generation Sequencing (NGS). With the escalating demand for comprehensive genomic insights across various scientific disciplines, the market’s focus on refining sample preparation techniques remains paramount.
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Innovations in technologies and methodologies within this market contribute significantly to enhancing the precision, speed, and scalability of NGS workflows. Researchers and biotechnologists rely on these advancements to extract high-quality genetic material, ensuring reliable and insightful results in applications ranging from clinical diagnostics to personalized medicine and beyond.
“DNA contains the blueprints of life. Within its structures are the codes required for the assembly of proteins and non-coding RNA – these molecular machineries affect all the biological systems that create and maintain life,” stated FMI. “By understanding the sequence of DNA, researchers have been able to elucidate the structure and function of proteins as well as RNA and have gained an understanding of the underlying causes of disease.”
Next Generation Sequencing (NGS) stands as a powerful platform that has revolutionized the sequencing landscape, enabling the sequencing of thousands to millions of DNA molecules simultaneously. This technology involves steps such as library preparation followed by clone amplification and cyclic array sequencing. It finds application in human whole genome sequencing (WGS), whole exome sequencing, targeted sequencing using panels of a few to thousands of genes, and expression profiling.
The projected growth of the NGS sample preparation market signifies the expanding horizon of genomic research and its implications across diverse sectors. As technology continues to evolve and innovation paves the way for more efficient workflows, the potential for groundbreaking discoveries and transformative applications in healthcare, agriculture, and beyond is limitless.
NGS Sample Preparation Market: Drivers and Restraints:
NSG samples are being used for the sequencing of genomes. These genomes are being used for the preparation of specialized medicines. Increasing prevalence of genetic disorders is driving the growth of this market. Increasing need for the personalized medicines and clinical diagnosis is driving the growth of NGS sample preparation market. Technological advancements in sample preparation procedures and kits to standardize and simplify steps are driving the growth of NGS sample preparation market.
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NGS Sample Preparation Market: Overview
NGS has revolutionized the genome sequencing market. NGS sample preparation market is expected to show significant growth over forecast period. Increasing need for personalized treatment is driving the growth of this market. Increase in the healthcare spending and improvement in the healthcare technology are the major factors for the growth of NGS sample preparation market. Increasing incidence of disease conditions like cancer and use of NGS for diagnostic purpose in cancer and management or treatment of disease the boosting the growth. Aging population is also expected to drive the growth of NGS sample preparation market. Single molecule real time sequencing is expected to be fastest growing segment due to real time preparation of samples. Drug discovery and diagnostic application are expected be highest revenue generating and fastest growing NGS sample preparation segments. Biopharmaceutical companies are biggest user of NGS samples as these companies are focusing on development of new drugs.
NGS Sample Preparation Market: Region Wise Outlook
Geographically, the NGS sample preparation market can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa. North America is most attractive region for the NGS sample preparation market attributing to the presence of key biopharmaceutical players in this region and technological advancements. Followed by which is Europe and Japan. These markets are also growing significantly due to the focus of research institutes on development of new methods of NGS sample preparation and aging population. Asia Pacific excluding Japan is also expected to show significant growth in NGS sample preparation market due to improving healthcare infrastructure and increasing healthcare expenditure.
Key Companies Profiled:
- Thermo Fisher Scientific
- Agilent Technologies, Inc.
- F Hoffman-La Roche AG
- Illumina, Inc.
- Eurofins Scientific
- Macrogen, Inc.
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Key Segments Profiled in the NGS Sample Preparation Market Survey:
By Type:
- Sequencing by Synthesis (SBS)
- Ion Semiconductor Sequencing
- Single Molecule Real Time (SMRT) Sequencing
- Nanopore Sequencing
By Application:
- Diagnostics
- Drug Discovery
- Biomarker Discovery
- Precision Medicine
- Agriculture and Animal Research
- Other Application
By End Use:
- Biopharmaceutical Companies
- Hospitals
- Research Institutes
- CMOs
- CROs
By Region:
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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