Press release
U.S Market For NGS Sample Preparation is Likely To Expand At A 7.1% CAGR
Sales of NGS sample preparation products were valued at US$ 3.8 Billion in FY 2021, and is likely to exhibit a Y-o-Y increase of 10.5% in 2022, reaching US$ 4.2 Billion.During the forecast period ranging from 2022 to 2032, market demand is expected to surge at a CAGR of 7.3%, expected to reach US$ 8.5 Billion.
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
• Agriculture
• Animal Research
End User
• Hospitals & Diagnostic Centers
• Biotechnology & Pharmaceutical Companies
• Academic & Research Institutes
• CROs
• CMOs
Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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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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Report Benefits & Key Questions Answered
• NGS Sample Preparation Kits Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• NGS Sample Preparation Kits Historical volume analysis: The report provides a comparison of NGS Sample Preparation Kits's historical sales and projected sales performance for 2021-2031.
• NGS Sample Preparation Kits Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the NGS Sample Preparation Kits market. It carefully gauges the impact of changing healthcare needs of key demographics globally
• NGS Sample Preparation Kits Consumption by demographics: The report investigates consumer behavior affecting NGS Sample Preparation Kits demand outlook for the assessment period. Effect of their keenness for digital trends on NGS Sample Preparation Kits market is carefully analyzed
• Post COVID consumer spending on NGS Sample Preparation Kits: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting NGS Sample Preparation Kits market growth.
More Valuable Insights on NGS Sample Preparation Kits Market
Fact.MR, in its new report, offers an unbiased Market Analysis of NGS Sample Preparation Kits, Sales and Demand of NGS Sample Preparation Kits, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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Complete PDF Guide to NGS Sample Preparation
The NGS sample preparations determine components in the samples, such as blood, urine, and others, in animals.
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The type of analyzers includes urine analyzers, blood gas & electrolyte analyzers, glucometers, and others used by medical labs, hospitals, and people at home.
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