NGS Sample Preparation Market is Expected to Reach USD 5.42 Billion By 2028 - Reports and Data

The global NGS sample preparation market size is expected to reach USD 5.42 Billion by 2028 and register a CAGR of 19% over the forecast period, according to the latest report by Reports and Data. High adoption of NGS technology in diagnostics and the development of cost-effective sequencing techniques are some key factors boosting market revenue growth.

Next-generation sequencing technology helps in analyzing DNA and RNA sequence more accurately than other sequencing techniques, and involves less time and lower cost. Pre-sequencing methods help in generating high-quality and precise data more quickly. Factors such as increasing incidence of chronic diseases, genetic disorders, and cancer along with growing adoption of NGS sample preparation in molecular diagnostics and personalized medicine is augmenting growth of the NGS sample preparation market.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3987

However, factors such as high costs of automated NGS sample preparation equipment and unavailability of advanced genetic testing centers is projected to impede market growth throughout the forecast period.

Some key highlights from the report:

On the basis of product type, the reagents & consumables segment is expected to account for significant revenue share during the forecast period owing to increase in NGS-based testing and availability of advanced and effective reagents, and precise tips and pipettes.

Based on workflow, the library preparation segment is projected to account for relatively large revenue share during the forecast period owing to growing research and technological developments in NGS procedures for library preparation along with availability of a wide range of products.

In context to technology, the Sequencing by Synthesis (SBS) segment is expected to emerge as the highest revenue contributing segment as this technology provides instant, precise DNA analysis, and whole-genome sequencing in a matter of hours.

Based on application, the disease diagnostic segment is projected to account for high revenue growth during the forecast period, attributable to increasing prevalence of infectious diseases and cancer cases globally and existence of well-established market players who are investing to develop more efficient NGS products.

Europe is expected to account for a significantly steady revenue growth rate between 2021 and 2028 due to increasing incidence of cancer, favorable reimbursement policies, and technological developments in NGS.

Latin America is projected to account for steady revenue growth during the forecast period. Factors such as rising investments by key players and initiatives by governments are supporting market growth.

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The NGS Sample Preparation market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.

Leading companies operating in the market are:

Illumina Inc., Thermo Fisher Scientific, QIAGEN N.V., Agilent Technologies, Inc., Beckman Coulter, Becton, Dickinson and Company, Pacific Biosciences of California, Biomatters Ltd., Bio-Rad Laboratories, Inc., Congenica Ltd., DNASTAR, Eurofins Scientific, F. Hoffmann-La Roche Ltd., Foundation Medicine, Genomatix GmbH, Macrogen, Myriad Genetics, Oxford Nanopore Technologies, Partek Incorporated, Perkin Elmer, and PierianDx.

Inquiry Before Buying @ https://www.reportsanddata.com/inquiry-before-buying/3987

The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

NGS Sample Preparation Market Segmentation:

Based On Product Type (Revenue, USD Billion, 2018 - 2028)

Workstations
Reagents & Consumables
Based On Workflow (Revenue, USD Billion, 2018 - 2028)

Reagents & Consumables

Library Preparation
DNA
Human Whole Genome Sequencing (WGS)
Targeted Sequencing
Whole Exome Sequencing (WES)
Others
RNA
Gene Expression Analysis
Whole Transcriptome Sequencing
Others
Target Enrichment
Targeted Seq
WES
Others
Quality Control

Based On Technology (Revenue, USD Billion, 2018 - 2028)

Sequencing by Synthesis (SBS)
Ion Semiconductor Sequencing
Single-molecule Real-time (SMRT) Sequencing
Nanopore Sequencing
Other Technologies

Based On Application (Revenue, USD Billion, 2018 - 2028)

Disease Diagnostics
Cancer Diagnostics
Reproductive Health Diagnostics
Infectious Disease Diagnostics
Other Disease Diagnostic Applications
Drug Discovery
Agricultural and Animal Research
Other Applications

Based On End Use (Revenue, USD Billion, 2018 - 2028)

Academic Institutes and Research Centers
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Others

Regional Outlook:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

Some essential purposes of the NGS Sample Preparation market research report:

Vital Developments: Custom investigation provides critical improvements to the NGS Sample Preparation market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.

Market Characteristics: The report contains NGS Sample Preparation market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.

Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the NGS Sample Preparation market by methods. Systematic tools and methodologies, for example, Porter's Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the NGS Sample Preparation market.

Convincingly, the NGS Sample Preparation report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the NGS Sample Preparation market.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/3987

Thank you for reading the report. Kindly note that we also offer customized reports according to the client's requirements. Contact us to know more about the customization feature and our team will provide you with the best-customized report.

Explore More Industry Research by Reports and Data:

Anal Cancer Market @ https://www.biospace.com/article/anal-cancer-market-detailed-analysis-of-current-and-future-industry-data-to-2030-with-major-key-players-of-industry/

Hypersomnia Market @ https://www.biospace.com/article/hypersomnia-market-is-expected-to-witness-rapid-growth-in-coming-years/

Duchenne Muscular Dystrophy Market @ https://www.biospace.com/article/duchenne-muscular-dystrophy-market-statistics-and-research-analysis-detailed-by-manufacturers-type-applications-and-forecast-2030/

Lennox Gastaut Syndrome Market @ https://www.biospace.com/article/lennox-gastaut-syndrome-market-regional-growth-analysis-with-industry-players-data-by-2030/

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.