Next Generation Sequencing Library Preparation Market Poised for Steady Growth as Diagnostic Applications and Genetic Research Gain Momentum

Insight Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Next Generation Sequencing Library Preparation Market (By Sequencing Type (Targeted Genome Sequencing, Whole Genome Sequencing, Whole Exome Sequencing, and Other Sequencing Types), By Product ( Reagents & Consumables (DNA Library Preparation Kits, Library Preparation Kits, RNA Library Preparation Kits, Other Reagents & Consumables) And Instruments), By Application (Drug & Biomarker Discovery, Disease Diagnostics (Cancer Diagnostics, Reproductive Health Diagnostics, Infectious Disease Diagnostics, Other Disease Diagnostic Applications), Drug Discovery And Other Applications), By End-Use (Hospitals And Clinics, Academic And Research Institutions, Pharmaceutical and Biotechnology Companies, and Others))- Market Outlook and Industry Analysis 2031"

The global next generation sequencing library preparation market is estimated to reach over USD 4.53 billion by 2031, exhibiting a CAGR of 12.76% during the forecast period.

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Next-generation sequencing (NGS) library preparation has become the preferred method over traditional sequencing approaches due to its superior sensitivity in detecting novel genetic variations. The library preparation process involves fragmenting nucleic acids, ligating adaptors, and measuring samples to ensure optimal compatibility with sequencing platforms. The use of specialized kits and tools significantly streamlines and normalizes the NGS library preparation procedure. Factors such as reduced sequencing costs, the rising prevalence of genetic disorders, the growing application of NGS in diagnostics, expanding research interests, and increased funding for medical research are driving the growth of the library preparation market.

Furthermore, the market's potential for expansion is expected to increase with the rise of research and development collaborations and the continued adoption of next-generation sequencing technologies. The rapid development of the life sciences sector further accelerates market growth. The demand for NGS sample preparation is also fueled by the widespread adoption of advanced technologies, the expansion of industry presence in emerging markets, and continuous advancements in technological and scientific capabilities. Innovations aimed at enhancing workflow efficiency to improve accuracy and performance are expected to significantly contribute to market growth.

List of Prominent Players in the Next Generation Sequencing Library Preparation Market:
Agilent Technologies, Inc
Integrated DNA Technologies
F. Hoffmann-La Roche AG, Inc
Illumina, Inc
Beckman Coulter Inc. (now part of Danaher Corporation)
Merck KGaA, Becton
Dickinson and Company
New England Biolabs, Inc
PerkinElmer Inc
QIAGEN N.V
Pacific Biosciences of California, Inc
Thermo Fisher Scientific Inc
Tecan Group Ltd

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Market Dynamics:
Drivers:
The next-generation sequencing (NGS) library preparation market is being propelled by factors such as decreasing sequencing costs, the increasing prevalence of genetic disorders, the growing use of NGS in diagnostics, higher research and development (R&D) investments, and rising healthcare expenditures. Additionally, the market is expected to see substantial growth driven by the expanding applications of NGS technology and the growing number of collaborations among companies focused on enhancing library preparation processes. Furthermore, the market has been positively impacted by the rising incidence of infectious diseases, with the COVID-19 pandemic highlighting the critical need to reconstruct the genomic sequence of the virus's causative agent for structural studies.

Challenges:
However, budgetary constraints in emerging economies are anticipated to significantly hinder the growth of this market. Key challenges include regulatory complexities and standardization issues in diagnostic testing, as well as the limited sequencing capabilities and experience of smaller and mid-sized laboratories. Additionally, companies must address challenges associated with library preparation and the application of various automated techniques. For example, while facilitating high-throughput processing, offer limited procedural flexibility. Furthermore, research in this domain remains largely confined to electron microscopy, which lacks sufficient sensitivity for effective food testing.

Regional Trends:
North America maintains a substantial share of the global NGS library preparation market, bolstered by the widespread use of NGS-based diagnostic testing, robust R&D investments, and strong governmental financial support for genomic sequencing infrastructure. In contrast, the Asia-Pacific region is poised to exhibit the fastest growth in the market. This expansion is driven by improvements in healthcare infrastructure, increased government focus on sequencing initiatives, a rising prevalence of chronic and infectious diseases, a large patient population with genetic disorders, and an uptick in research activities aimed at developing personalized medicine.

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Recent Developments:
• In September 2022- IDT released the xGen monkeypox virus amplicon panel, a method for preparing an NGS library that allows for the genotyping of extracted viral DNA in order to identify monkeypox virus infection.
• In January 2022- In order to sequence a human genome in as little as 302 minutes and with a diagnostic rate of about 42% for the identification of uncommon disorders, Stanford University researchers set a Guinness World Record.

Segmentation of Next Generation Sequencing Library Preparation Market-
By Sequencing Type
• Targeted Genome Sequencing
• Whole Genome Sequencing
• Whole Exome Sequencing
• Other Sequencing Types
By Product-
• Kits
o Reagents
o Library Preparation Kits
o DNA Library Preparation Kits
o RNA Library Preparation Kits
o Other Reagents & Consumables
• Instruments
By Application
• Drug & Biomarker Discovery
• Disease Diagnostics
o Cancer Diagnostics
o Reproductive Health Diagnostics
o Infectious Disease Diagnostics
o Other Disease Diagnostic Applications
• Other Applications
By End use
• Hospital & Diagnostic Laboratories
• Pharmaceutical & Biotechnology Industry
• Academics & Research
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.