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NGS Sample Preparation Market Set for Significant Growth Amid Increasing Government Investments in Genome Research and Precision Medicine Initiatives
NGS Sample Preparation Market
The global NGS sample preparation market is estimated to reach over 9.51 Billion by the year 2031, exhibiting a CAGR of 11.35% during the forecast period.
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Next-generation sequencing (NGS), also known as massively parallel sequencing, leverages the principle of massively parallel processing to enable high-throughput DNA sequencing. NGS platforms utilize diverse sequencing chemistries and engineering configurations, allowing for the precise determination of RNA structures. This technology has significantly enhanced the speed and accuracy of genome sequencing, making it possible to sequence the entire human genome within a single day. Key factors driving the growth of the global NGS sample preparation market include the increasing demand for nucleic acid sequencing, a growing number of genome research initiatives, the rising prevalence of genetic disorders, continual advancements in NGS technologies, declining sequencing costs, and improved reimbursement policies for NGS-based diagnostic testing.
List of Prominent Players in the NGS Sample Preparation Market:
Agilent Technologies
Bio-Rad Laboratories, Inc.
Biomatters Ltd.
Congenica Ltd
Eurofins Scientific
DNASTAR
F. Hoffmann-La Roche Ltd
Genomatix GmbH
Thermo Fisher Scientific
Foundation Medicine
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Market Dynamics
Drivers:
The global incidence of hereditary diseases has risen significantly, prompting a deeper understanding of the molecular basis of various genetic disorders due to advancements in DNA and RNA sequencing technologies. The increasing application of next-generation sequencing (NGS) for the detection and analysis of these genetic conditions is contributing to substantial revenue growth in the market. The growing demand for NGS in personalized medicine is also driven by technological innovations and its expanding role in clinical molecular diagnostics. NGS facilitates targeted genome sequencing and allows for the design of disease-specific chips, even for disorders with unidentified etiologies. Additionally, the market is expected to benefit from increased public and private sector funding for large-scale sequencing initiatives.
Challenges:
Despite the growing need for genetic testing and NGS solutions, especially in the context of infectious disease outbreaks, the limited availability of advanced genetic testing infrastructure in several countries presents a significant challenge to market expansion. The high cost of NGS-related tools and equipment further restricts market penetration. Moreover, stringent regulatory requirements for NGS sample preparation processes are anticipated to moderately hinder market growth in the coming years.
Regional Trends:
North America is projected to hold a dominant position in the NGS sample preparation market, with substantial revenue contribution and a strong compound annual growth rate (CAGR) forecasted. This regional growth is attributed to supportive initiatives by governmental and private organizations to expand NGS adoption, the increasing number of clinical and research applications of NGS, heightened awareness of its diagnostic capabilities, and the presence of leading service providers. Meanwhile, the Asia-Pacific region is also experiencing notable market growth, driven by a rising elderly population, increasing cancer incidence, enhanced reimbursement frameworks, technological advancements, and active government efforts to support precision medicine. The region's growing involvement in sequencing projects and heightened R&D activity in the pharmaceutical and biotechnology sectors further underpin its expanding market share.
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Recent Developments:
• In February 2022, Twist Bioscience Corporation and C2I Genomics Inc., a cancer intelligence business, joined forces to provide whole-genome cancer reference materials.
• In April 2021, Agilent Technologies Inc. bought Resolution Bioscience Inc., a company engaged in the research and marketing of next-generation sequencing-based precision oncology solutions, to speed up the delivery of precision oncology testing to patients using NGS-based diagnostic kits globally.
Segmentation of NGS Sample Preparation Market-
By Workflow-
• NGS Library Preparation Kits
• Semi-automated Library Preparation
• Automated Library Preparation
• Clonal Amplification
By Application-
• Oncology
• Clinical Investigation
• Reproductive Health
• HLA Typing/Immune System Monitoring
• Metagenomics, Epidemiology & Drug Development
• Agrigenomics & Forensics
• Consumer Genomics
By End-User-
• Academic Research
• Clinical Research
• Hospitals & Clinics
• Pharma & Biotech Entities
• Others
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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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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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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