The global NGS sample preparation market is poised for extraordinary growth, with projections estimating a surge from USD 1,321.8 million in 2022 to an impressive USD 5,441.1 million by 2032. This remarkable expansion, reflecting a robust compound annual growth rate (CAGR) of 13.7%, underscores the critical role NGS plays in advancing genomic research and its diverse applications.
As an integral component of genomics, NGS sample preparation ensures the precise and efficient processing of genetic material, forming the cornerstone of Next-Generation Sequencing (NGS). With a rising global demand for comprehensive genomic insights, NGS is making significant strides across medical research, biotechnology, and pharmaceuticals, driving this market’s rapid growth. The focus on refining sample preparation techniques is essential to meet the growing need for high-quality sequencing data.
“NGS has revolutionized the field of genomics,” stated a representative from FMI. “It enables rapid and detailed genetic analysis, paving the way for breakthroughs in understanding genetic disorders, personalized medicine, and evolutionary biology. As NGS technologies advance, the need for sophisticated sample preparation processes to ensure reliable, high-quality sequencing results is equally crucial.”
The continual advancements in NGS technologies require innovative sample preparation solutions that can adapt to the evolving demands of cutting-edge genomic research. This market’s anticipated growth is a direct reflection of the increasing importance of NGS in modern science and medicine. As NGS technologies evolve, the focus on advancing sample preparation techniques is critical for ensuring the integrity and precision of genomic data, enabling researchers and clinicians to push the boundaries of discovery.
Market Drivers and Restraints:
The growing prevalence of genetic disorders, coupled with the increasing demand for personalized medicine and clinical diagnostics, is significantly driving the NGS sample preparation market. Technological advancements in sample preparation procedures and kits, aimed at standardizing and simplifying steps, are fueling the market’s growth. The need for more precise, efficient, and reliable sequencing data is propelling innovations in sample preparation methods to support the expanding applications of NGS technologies in genomics.
The market’s evolution highlights the necessity for ongoing innovation in sample preparation to ensure researchers and clinicians have access to the highest quality data, paving the way for groundbreaking discoveries in genetics, medicine, and beyond.
With such substantial growth on the horizon, the NGS sample preparation market is set to become a key driver of progress in genomic research and its application in personalized healthcare solutions worldwide.
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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.
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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