Press release
Stringent Regulatory Approvals Impeding NGS Sample Preparation Market Expansion - Fact.MR Survey
According to Fact MR's recent market research, NGS Sample Preparation Kits sales to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.Focus on improving overall patient care will remain a chief growth driver. Besides this, NGS Sample Preparation Kits market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of NGS Sample Preparation Kits market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of NGS Sample Preparation Kits
The report offers actionable and valuable market insights of NGS Sample Preparation Kits. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of NGS Sample Preparation Kits Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of NGS Sample Preparation Kits, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of NGS Sample Preparation Kits Market.
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Key Market Segments Covered
Product Type
• NGS Sample Preparation Instruments
• NGS Sample Preparation Kits, Reagents & Consumables
Application
• NGS Sample Preparation for Drug & Biomarker Discovery
• NGS Sample Preparation for Diagnostics
• NGS Sample Preparation for Precision Medicines
• Others
• Agriculture
• Animal Research
End User
• Hospitals & Diagnostic Centers
• Biotechnology & Pharmaceutical Companies
• Academic & Research Institutes
• Others
• CROs
• CMOs
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NGS Sample Preparation Market - Competitive Landscape
Offering new sampling products equipped with the latest technology, collaborations with existing manufacturers, acquisitions and securing regulatory approvals are some key expansion strategies relied upon by prominent market players. Some notable developments are:
• In April 2021, QIAGEN N.V launched the QIAseq DIRECT SARS-CoV-2 Kit, a viral genome enrichment and library preparation solution to significantly reduce library turnaround times and plastics use for NGS
• Also, Thermo Fisher Scientific approved a definitive agreement to acquire PPD Inc. at a purchase price of US$ 17.4 billion with the objective of enhancing innovation and increase drug development productivity and foster advanced clinical research
• In May 2021, Integrated DNA Technologies (IDT) Inc. acquired Swift Biosciences to augment its NGS library preparation genomics kits for academic, translational and clinical research. IDT is a leader in developing and manufacturing nucleic acid products for academic and commercial research, agriculture, medical diagnostics, pharmaceutical development, and synthetic biology, while Swift develops and commercializes NGS Library Prep Kits that maximize data output, provide comprehensive coverage, and reduce sequencing costs.
Key Takeaways from Market Study
• High demand for NGS sample preparation kits, reagents, and consumables
• By application, NGS sample preparation for drug & biomarker discovery poised to reach higher echelons
• Academic and research institutes to remain primary NGS sample preparation end users
• Presence of robust healthcare system to pivot NGS sample preparation product sales across the U.S.
• India to extensively deploy NGS sample preparation products to augment prenatal screening
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