What is the global market size of NGS Automation Market?

Global NGS Automation Market was valued at USD 1273.2 million in 2021, and it is expected to reach a value of USD 3355.94 million in 2028, at a CAGR of 14.85% over the forecast period (2022-2028).

NGS Automation Market Size, Share, Growth Analysis, By product type(Workstation/Robotic Platform, Reagents & Consumables), By application(Drug Discovery, Clinical Diagnostics, Other Applications), By sequencing type(Whole Genome, Exome, Targeted), By End use(Hospitals, Diagnostic Laboratories, Pharmaceutical, Academic), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2270 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 117 | Figures: 68

NGS Automation Market News

In February 2022, Agilent Technologies, Inc. partnered with Element Biosciences Inc. and developed new and disruptive DNA sequencing platforms through this partnership.

In August 2022, The Bio-Rad line of StarBright Dyes offered multiplex flow cytometry panels for immunology research by providing stable, verified flow antibodies linked to individual fluorescent nanoparticles specific to important immunophenotyping targets. Reproducible and consistent staining is guaranteed by minimal lot-to-lot variation and the dyes' resistance to photobleaching and lack of signal loss during fixation.

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NGS Automation Market was valued at USD 2214.93 billion in 2022, and is poised to grow from USD 2543.85 billion in 2023, to USD 7700.86 Billion by 2031 at a CAGR of 14.85% during the forecast period (2024-2031).

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). 'Agilent Technologies', 'Bio-Rad Laboratories Inc.', 'DNASTAR Inc.', 'Eurofins Scientific', 'Hoffmann-La Roche Ltd', 'Illumina Inc.', 'Danaher Corporation (IDT)', 'Pacific Biosciences of California Inc.', 'PerkinElmer Inc.', 'Qiagen', 'Thermo Fisher Scientific Inc.'

The increased demand for automation in NGS workflow, the prevalence of cancer, rising R&D spending, and rising healthcare costs are just a few of the reasons contributing to the expansion of this industry. Additionally, this market is anticipated to experience significant expansion due to the expanding uses of next-generation sequencing and the growing number of corporate partnerships to create library preparation techniques.

Automation of NGS library preparation enables dependable and repeatable data creation by assisting researchers in library quality improvement and consistent yields. It also improves productivity and lowers costs. Reducing manual contact with the reagents and samples significantly lowers the risk of contamination. As a result, the market for NGS automation is anticipated to be driven by the rising demand for automation in NGS workflow.

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.

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