USD 3.15 billion
Report ID:
SQMIG35J2081 |
Region:
Global |
Published Date: February, 2024
Pages:
249
|Tables:
118
|Figures:
80
NGS Library Preparation Market size was valued at USD 3.62 Billion in 2023 and is poised to grow from USD 4.16 Billion in 2024 to USD 12.52 Billion by 2032, growing at a CAGR of 14.8% during the forecast period (2025-2032).
Preparation of the library, sequencing, bioinformatics, and sample pre-processing are just a few of the steps that make up the typical NGS workflow. Preparing DNA or RNA samples to be compatible with a sequencer is one of the most important steps in the NGS workflow. It includes things like adapter ligation, library quantitation, and fragmentation of nucleic acids. For NGS analysis, numerous vendors offer a variety of NGS library preparation solutions. Next-generation sequencing (NGS) library preparation is a crucial process in the NGS workflow. Preparing the nucleic acid target so that it can be used with the sequencing system is this process. Prior to sequencing, the DNA and RNA samples must be isolated, fragmented, end-repaired, and covalently linked to adapters by ligation or tagmentation. In addition, various instruments, kits, and reagents for the preparation of NGS libraries are available on the market. A well-prepared NGS library's complexity should accurately reflect the sample's complexity, as well as any biases introduced during library preparation. Because the quality of the final DNA or RNA library can have a significant impact on NGS results, it is essential to reduce PCR or other amplification-induced biases while simultaneously maximizing complexity when preparing a DNA or RNA library for NGS.
NGS Library Preparation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.15 billion
Largest Segment
Reagents & Consumables
Fastest Growth
Reagents & Consumables
Growth Rate
14.8% CAGR
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The NGS Library preparation market is segmented on the basis of product, application, sequencing type, end user and region. Whereas, By product is sub segmented into the Reagents & Consumables, Instruments & Workstations. By Application is sub segmented into the Disease Diagnostics, Drug Discovery, Other Applications. By Sequencing type is sub segmented into the Targeted Genome Sequencing, Whole Genome Sequencing, Whole Exome Sequencing, Other Sequencing Types. By end user is sub segmented into the Hospitals & Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies, Academic Institutes & Research Centres, Others End Users. The region is segmented on the basis of North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
NGS Library Preparation Market Analysis by Product type
In 2022, the reagents & consumables segment is estimated to account for the largest share of the ngs library preparation market. The recurrent demand for reagents and kits for NGS library preparation, the introduction of new library preparation kits, and the growing use of NGS in clinical diagnostics are some of the factors that account for this segment's substantial market share.
NGS Library Preparation Market Analysis by Application
In 2022, the disease diagnostics segment is estimated to account for the largest share of the ngs library preparation market. The high prevalence of cancer and other rare genetic disorders, the growing demand for early disease diagnosis, and the widespread use of NGS for cancer diagnostics all contribute to this segment's substantial market share.
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North America is estimated to account for the largest share of the ngs library preparation market. The widespread use of NGS-based diagnostic tests, substantial investments in research and development, and growing government support for and investments in the region's genome sequencing infrastructure all contribute to North America's dominant market share.
However, the NGS library preparation market is expected to expand at the fastest rate during the forecast period in Asia-Pacific. The development of the region's healthcare infrastructure, the government's increased focus on sequencing projects, the rising prevalence of various chronic and infectious diseases, the large number of patients with gene-associated disorders, and the expansion of research into personalized medicine are all contributing factors to the market's rapid expansion in Asia-Pacific.
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NGS Library Preparation Market Drivers
Increasing Investment to Develop Diagnostics to Bolster Market Growth
NGS Library Preparation Market Restraints
Financial Sponsorship to Hinder Market Growth
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Major competitors in the industry use a variety of important expansion strategies, including collaborating with existing manufacturers, making acquisitions, and obtaining regulatory approvals for new sample products.
NGS Library Preparation Market Top Players Company Profiles
NGS Library Preparation Market Recent Developments
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global NSG library preparation market analysis, The increasing prevalence of genetic disorders, the falling cost of sequencing, the expanding use of NGS in diagnostics, and the rising R&D expenditures all contribute to the market's expansion. Additionally, there will likely be significant market expansion potential due to the expanding uses of next-generation sequencing and the growing number of corporate partnerships for the development of library preparation techniques.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.62 Billion |
Market size value in 2032 | USD 12.52 Billion |
Growth Rate | 14.8% |
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 |
NGS Library Preparation Market Recent Developments
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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 Library Preparation 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 Library Preparation 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 Library Preparation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the NGS Library Preparation 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: SQMIG35J2081
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