The global NGS sample preparation market is on a trajectory of remarkable growth, with projections indicating a surge from USD 1321.8 million in 2022 to an impressive USD 5441.1 million by 2032. This significant expansion, reflecting a compound annual growth rate (CAGR) of 13.7%, highlights the pivotal role of NGS in advancing genomic research and its broad spectrum of applications.
As a cornerstone of genomics, the NGS sample preparation market is essential for the precise and efficient processing of genetic material, a critical step in Next-Generation Sequencing. The increasing demand for comprehensive genomic insights is fueling this market’s growth, with substantial implications across various scientific disciplines, including medical research, biotechnology, and pharmaceuticals. The emphasis on refining sample preparation techniques is crucial to meeting the growing need for high-quality sequencing data.
“NGS has revolutionized the field of genomics,” said 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, there is a parallel need for sophisticated sample preparation processes to ensure the delivery of high-quality, reliable sequencing results.”
The ongoing advancements in NGS technologies necessitate equally innovative sample preparation solutions that can keep pace with the demands of cutting-edge genomic research. The anticipated market growth is a testament to the ever-increasing importance of NGS in modern science and medicine.
This evolution underscores the necessity for continued innovation in sample preparation methods, ensuring that researchers and clinicians can rely on the highest quality data for their groundbreaking work.
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.
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.
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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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