Press release
NGS Sample Preparation Market to Accumulate Value of US$ 8.5 Billion by 2032: Fact.MR
NGS sample preparation product sales were valued at US$ 3.8 billion in FY 2021, and are projected to grow by 10.5% year over year to US$ 4.2 billion in 2022. Next generation sequencing (NGS) market demand is anticipated to soar at a CAGR of 7.3% between 2022 and 2032, reaching an estimated US$ 8.5 billion.Next generation sequencing (NGS) has revolutionized genomic research, paving the way for highly effective diagnosis of numerous chronic and infectious diseases, a fact that is boding well for market growth.
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Major Stakeholders
• QIAGEN
• Thermo Fisher Scientific Inc.
• Merck KGaA (Merck Millipore)
• F. Hoffmann-La Roche Ltd.
• Agilent Technologies
• Promega Corporation
• Illumina Inc.
• Integrated DNA Technologies Inc. (Danaher Corporation)
• New England Biolabs
• Tecan Trading AG
Key Statistics Supporting the Surge
• 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
Recent Developments
• QIAGEN N.V. introduced the QIAseq DIRECT SARS-CoV-2 Kit in April 2021, a viral genome enrichment and library preparation solution that would drastically minimize library turnaround times and the usage of plastics in NGS.
• In addition, Thermo Fisher Scientific approved a formal deal to buy PPD Inc. for US$ 17.4 billion, with the goal of boosting innovation, increasing drug development productivity, and fostering advanced clinical research.
• Swift Biosciences was bought by Integrated DNA Technologies (IDT) Inc. in May 2021 to expand its NGS library preparation genomics kits for academic, translational, and clinical research. Swift develops and commercializes NGS Library Prep Kits that maximize data output, provide comprehensive coverage, and reduce sequencing costs, while IDT is a leader in developing and production nucleic acid products for academic and commercial research, agriculture, medical diagnostics, pharmaceutical development, and synthetic biology.
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
o Agriculture
o Animal Research
End User
• Hospitals & Diagnostic Centers
• Biotechnology & Pharmaceutical Companies
• Academic & Research Institutes
• Others
o CROs
o CMOs
By Region :
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
The report answers numerous pertinent questions, some of which are:
• What are some of the latent areas of investments in the market?
• Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
• What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
• Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
• What are the strategies adopted by top players to retain their stronghold in the market?
• Which strategic moves will new entrants adopt to gain a strong foothold in the market?
• How businesses can respond, manage, and mitigate the risks?
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.
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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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