USD 1273.2 million
Report ID:
SQMIG35A2270 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
117
|Figures:
68
NGS Automation Market size was valued at USD 2543.85 Billion in 2023 and is poised to grow from USD 2921.61 Billion in 2024 to USD 8844.44 Billion by 2032, growing at a CAGR of 14.85% during the forecast period (2025-2032).
High-throughput sequencing is another name for next-generation sequencing, which includes a number of cutting-edge sequencing technologies. As a result of these new technologies' ability to generate DNA and RNA more quickly, inexpensively, and without incurring as much expense as traditional ones, genomics and molecular biology research have been fundamentally altered. The NGS library preparation is automated using automated liquid handling devices known as NGS automation workstations. By producing consistent, dependable, and reproducible data, automation enables researchers to increase the quality of their library.
The procedure takes less time and is more cost-effective because of NGS automation. By minimising human contact with the chemicals and samples, it further lowers the risk of contamination. Since manual library preparation requires a lot of effort, there is a growing need for automation in the NGS workflow to improve productivity and lower error rates. The use of next-generation sequencing in drug development and the broad portfolio provided by major players are the two main factors fueling the growth of the global next-generation sequencing (NGS) market. On the other hand, the high cost of next-generation sequencing products and product recalls are two factors restraining the market's expansion.
US NGS Automation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1273.2 million
Largest Segment
Drug Discovery
Fastest Growth
Drug Discovery
Growth Rate
14.85% CAGR
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The Global NGS automation market is segmented into product type, application, sequencing type, end user, and region . By product type it is segmented into Workstation/Robotic Platform, Reagents & Consumables. Based on sequencing, the market is segmented into Whole Genome, Exome, Targeted. On the basis of application it is segmented into Drug Discovery, Clinical Diagnostics, Other Applications. Based on end use, the market is segmented into Hospitals, Diagnostic Laboratories, Pharmaceutical, Academic. By region, the market is segmented into North America, Latin America, Asia Pacific, Europe, and MEA.
NGS Automation Market Analysis by Product Type
According to the product, it is predicted that the workstation/robotic platform segment held the largest share of the NGS automation market in 2021. The significant market share of this sector is attributed to a number of factors, including rising pharmaceutical R&D spending and rising interest in automating the preparation of NGS libraries due to its advantages, including increased efficiency and the capacity to produce consistent and repeatable results.
NGS Automation Market Analysis by Application
According to application, the NGS automation market dominated the drug discovery sector in 2021. Due to the rising use of NGS technologies in drug discovery, the potential to lower drug development costs, and the promise for shorter drug discovery times, this segment now accounts for a sizable market share. By enabling high-throughput study of genotype-phenotype interactions in human populations, next-generation sequencing has ushered in a new age of gene-based medicine development, increasing the demand for NGS automation.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). The NGS automation market is expected to be dominated by North America, followed by Europe and Asia-Pacific. The significant market share held by North America is due in large part to the region's high R&D expenditures, growing demand for NGS automation in the pharmaceutical and biotech sectors, and expanding government support and investment in the region's genome sequencing infrastructure.
The NGS automation market is expected to increase at the highest rate over the projected period, albeit, in Asia-Pacific. The significant market growth in Asia-Pacific is ascribed to the region's growing attention on sequencing projects by the government, the prevalence of numerous chronic & infectious diseases, and the high number of patients with gene-associated
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NGS Automation Market Drivers
Increased Investment to Develop Healthcare Infrastructure to Boost Market Growth
NGS Automation Market Restraints
High Cost with Installing Automation Workstations to Hinder Market Growth
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The competitive landscape for the next-generation sequencing (NGS) market includes information by competitor. An overview of the business, financials, revenue generated, market potential, investments in R&D, new market initiatives, production facilities, company strengths and weaknesses, product launches, product approval pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve are among the details provided. The data metrics mentioned above only pertain to the company's market focus on next-generation sequencing (NGS).
NGS Automation Market Top Player's Company Profiles
NGS Automation Market Recent Developments
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global NGS automation market analysis, The market is expanding as a result of several technical developments in the medical sciences industry as well as the increased prevalence of chronic medical disorders like cancer. Due to the extensive use of liquid biopsies in cancer diagnoses, the usage of NGS technology has increased significantly.
Continuous technical improvements in sequencers have made it possible to create dependable, portable, and user-friendly platforms that can deliver quick results while also cutting down on turnaround times. Major corporations always rely on product research and development to strengthen their market positions and share because the introduction of such items and the technology that supports them gives players an immediate competitive advantage. The market is expanding as a result of the increasing usage of genomic mapping tools to forecast the beginning of different diseases. Genetic maps are used by scientists to identify the genes that are connected to the increased prevalence of diabetes, heart disease, obesity, cancer, and mental problems.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2543.85 Billion |
Market size value in 2032 | USD 8844.44 Billion |
Growth Rate | 14.85% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the NGS Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the NGS Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the NGS Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the NGS Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2270
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