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The NGS Sample Preparation Market Size is valued at 4.10 Billion in 2023 and is predicted to reach 9.51 Billion by the year 2031 at an 11.35 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
Next-generation sequencing is one of the high-throughput DNA sequencing techniques that use the concept of massively parallel processing (NGS). Another name for it is "massively parallel sequencing." Different sequencing, chemical, and engineering setups are available for NGS platforms. NGS methods make it possible to determine RNA structures. NGS allowed for the rapid sequencing of the entire human genome in just one day. NGS technology has increased the precision and speed of genome sequencing.
Global market revenue growth is fueled by essential factors like growing acceptance for NGS in diagnostics due to lower costs of NGS products and the advent of low-cost sequencing methodologies. A few fundamental drivers driving the NGS Sample Preparation Market growth include the increasing prevalence of genetic disorders of infectious and chronic diseases and using NGS in cancer diagnoses and therapy.
Additionally, it is anticipated that factors like improved products for producing high-quality libraries with a high yield for effective sequencing would create more attractive prospects for top companies and accelerate market expansion in the upcoming years. However, the high cost of NGS and strict NGS-related restrictions in some countries may limit the growth of this worldwide sector.
The NGS Sample Preparation Market is segmented into Products & Services, Workflow, Sample Type, Method, Application and End-user. The Products & Services segment comprises Workstations/Instruments, Reagents & Consumables, and Services. According to workflow, the market is categorized into DNA Fragmentation & Library Preparation, Target Enrichment, and QC. The Sample Type segment includes DNA and RNA. By Method, the market is segmented as Manual Sample Preparation, Microfluidic Sample Preparation, and Automated Liquid Handling-based Sample Preparation. According to application, the market comprises Diagnostics, Drug Discovery, Agricultural & Animal Research, and Other applications. Lastly, the End User segment is categorized into Academic Institutes & Research Centers, Hospitals & Clinics, Pharma & Biotech Companies, and Other End Users.
The DNA category dominated the market according to the sample type. The DNA segment is anticipated to experience expansion during the projected period due to an increasing number of cancer cases and greater spending on research and development for DNA samples.
Based on the product & services, The workstation/instruments segment record the largest market revenue share in 2022. The market growth is expected to be driven by the rising need for Next-Generation Sequencing (NGS) automation.
Based on the application, The diagnostics segment has generated the largest earnings in the application segment in 2022. A significant portion of the disease diagnostics sector can be ascribed to the growing existence of cancer worldwide and the early detection of several infectious diseases and monogenetic disorders, as well as its role in precision medicine.
The North American NGS Sample Preparation Market is expected to register the highest market share in revenue shortly due to several variables, including the growing need for diagnostic tools for detecting health disparities, public knowledge of accessible technologies, the concentration of market players in the United States, and the expanding burden of infectious diseases and chronic diseases in the area.
The biotechnology and auxiliary markets in this region are also being driven by considerable R&D expenditure, a technologically advanced healthcare research framework, and the presence of significant companies. In addition, Asia Pacific is projected to grow rapidly in the global NGS Sample Preparation Market . The predicted growth tendency is attributed to changes in the legal framework, affordability trends, and technology advancements in the region's developing economies. Additionally, the existence of a diseased population boosts regional clinical trial-related activity, which raises the demand for NGS sample preparation.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 4.10 Billion |
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Revenue Forecast In 2031 |
USD 9.51 Billion |
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Growth Rate CAGR |
CAGR of 11.35 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Products and Services, By Workflow, By Sample Type, By Method, By Application, By End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Agilent Technologies, Inc. (US), Danaher (US), Becton, Dickinson and Company (US), Merck KGAA (Germany), QIAGEN (Germany), Bio-Rad Laboratories, Inc. (US), Promega Corporation (US), Eurofins Scientific (Luxembourg), BGI (China), 10x Genomics (US), Sysmex Corporation (US), Psomagen (US), Zymo Research Corporation (US), Takara Bio Inc. (Japan), Novogene Co., Ltd. (China), New England Biolabs (US), Tecan Trading AG (US), Oxford Nanopore Technologies PLC (UK), PacBio (US), Medgenome (US), and Swift Biosciences Inc. (US). |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
NGS Sample Preparation Market By Products & Services
NGS Sample Preparation Market By Workflow
NGS Sample Preparation Market By Sample Type
NGS Sample Preparation Market By Method
NGS Sample Preparation Market By Application
NGS Sample Preparation Market By End User
NGS Sample Preparation Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
