What is the global market size of NGS Sample Preparation Market?

NGS Sample Preparation Market size was valued at USD 1.41 billion in 2021 and is poised to grow from USD 1.61 billion in 2022 to USD 4.7 billion by 2030, growing at a CAGR of 14.32% during the forecast period (2023-2030).

NGS Sample Preparation Market Size, Share, Growth Analysis, By Type(Library Preparation Kits, Sample Quality Control (QC) Kits and Target Enrichment Kits), By Application(Whole Genome Sequencing (WGS), Whole Exome Sequencing (WES), Targeted Sequencing, RNA Sequencing (RNA-Seq) and Other Applications), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35D2097 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

NGS Sample Preparation Market Dynamics

NGS Sample Preparation Market Drivers

Growing Applications in Genomic Research

NGS sample preparation plays a vital role in various genomic research applications, such as gene expression analysis, variant detection, biomarker discovery, and metagenomics. As the field of genomics continues to expand, the demand for efficient and high-throughput sample preparation methods for NGS grows significantly.

NGS Sample Preparation Market Restraints

Data Analysis and Storage Challenges

NGS generates massive volumes of data that necessitate advanced bioinformatics tools and substantial data storage capabilities. The analysis and management of these extensive genomic datasets present challenges, including the requirement for skilled bioinformaticians, robust infrastructure, and secure storage systems. These complexities can impede the widespread adoption and effective utilization of NGS sample preparation methods.

NGS Sample Preparation Market Report Snapshots

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NGS Sample Preparation Market size was valued at USD 1.61 billion in 2022 and is poised to grow from USD 1.84 billion in 2023 to USD 5.37 billion by 2031, growing at a CAGR of 14.32% during the forecast period (2024-2031).

The global NGS sample preparation market is highly competitive and dynamic, driven by the increasing adoption of NGS technology across various applications, including genomics, transcriptomics, and epigenomics. The market is characterized by a diverse range of players, including both established companies and emerging startups, all striving to capture a share in this rapidly expanding market. 'Illumina (US)', 'Thermo Fisher Scientific (US)', 'Agilent Technologies (US)', 'Qiagen N.V. (Netherlands)', 'Roche Holdings AG (Switzerland)', 'Oxford Nanopore Technologies (UK)', 'Pacific Biosciences (US)', 'BGI Genomics Co., Ltd. (China)', 'Bio-Rad Laboratories (US)', 'PerkinElmer, Inc. (US)', 'New England Biolabs (US)', 'Takara Bio Inc. (Japan)', 'Eurofins Scientific (Luxembourg)', 'Promega Corporation (US)', 'GenScript Biotech Corporation (China)', 'Swift Biosciences (US)', 'Zymo Research Corporation (US)', 'Bioo Scientific Corporation (US)', 'LGC Limited (UK)', 'Macrogen Inc. (South Korea)'

NGS sample preparation plays a vital role in various genomic research applications, such as gene expression analysis, variant detection, biomarker discovery, and metagenomics. As the field of genomics continues to expand, the demand for efficient and high-throughput sample preparation methods for NGS grows significantly.

A significant market trend in the global Next-Generation Sequencing (NGS) sample preparation market is the increasing adoption of automated and high-throughput sample preparation solutions. This trend is driven by the growing demand for efficient and streamlined processes to handle the rising volume of samples in NGS workflows. Automated sample preparation systems offer several advantages such as reduced manual labor, improved reproducibility, enhanced accuracy, and increased sample throughput. These systems utilize advanced robotics and liquid handling technologies to automate various steps in the sample preparation process, including DNA/RNA extraction, library preparation, and target enrichment.

North America dominated the global NGS (Next-Generation Sequencing) sample preparation market. North America, comprising countries such as the US and Canada, holds a significant share in the market. The region has a well-established healthcare infrastructure, a strong presence of key market players, and a high adoption rate of advanced genomic technologies. Additionally, extensive research and development activities in genomics and personalized medicine contribute to the dominance of North America in the NGS sample preparation market.

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NGS Sample Preparation Market Dynamics

NGS Sample Preparation Market Report Snapshots

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