Press release
Next Generation Sequencing Sample Preparation Market Size Set to Hit USD 16.57 Billion by 2034, Growing at a CAGR of 15.02%
Market at a Glance
In 2024, the market was valued at USD 4.09 billion and is anticipated to grow to USD 16.57 Billion by 2034. It is anticipated to register a CAGR of 15.02% during the projection period 2034.
A Quick Insight into Next Generation Sequencing Sample Preparation
The process of preparing DNA or RNA samples for high-throughput sequencing, involving steps like extraction, fragmentation, adapter ligation, and amplification.
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Report Summary: What's Included?
• Evaluation of current and emerging market trends
• Market size estimates by key segments and sub-segments
• Strategic profiles of leading and emerging players
• Recent technological advancements and investment flows
• Growth opportunities across developed and developing regions
• Market forecasts backed by robust research methodology
Key Forces Shaping the Market
The Next Generation Sequencing Sample Preparation market is gaining traction due to a convergence of innovation, market expansion, and evolving consumer or industrial needs. Below are some of the driving forces behind this growth:
Rising Global Healthcare Expenditure Boosts NGS Sample Preparation Market
The steady increase in global healthcare spending is significantly driving the adoption of next generation sequencing (NGS) and its associated sample preparation technologies. Governments and private sectors are channeling more resources into precision medicine and biomedical research, advancing the use of NGS in diagnostics, drug development, and personalized treatment plans.
According to the Economic Survey, the share of government health expenditure in India rose from 29.0% in FY15 to 48.0% in FY22, highlighting a broader global
trend of increased public investment in healthcare.
With expanded budgets, laboratories are upgrading their infrastructure, integrating automated sample preparation systems, and implementing high-throughput sequencing workflows to enhance efficiency and scalability. Moreover, rising healthcare investment is facilitating the rollout of large-scale genetic testing initiatives, population-wide genomics programs, and biomarker discovery projects-all of which depend on reliable and high-quality NGS sample preparation. As a result, the surge in global healthcare expenditure is playing a pivotal role in propelling the growth of the next generation sequencing sample preparation market.
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Major Companies in the Market Landscape
The competitive environment is shaped by rapid innovation, technological advancement, and strategic alliances. Leading market players are focused on strengthening their global presence through mergers, partnerships, and product upgrades. A few of the major market participants include:
• Agilent Technologies, Inc.
• BGI Genomics
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• Eurofins Scientific
• F. Hoffmann-La Roche Ltd
• Illumina, Inc.
• PerkinElmer Inc.
• QIAGEN
• Thermo Fisher Scientific Inc.
Market Breakdown by Segment
Understanding how the market is segmented helps identify niche opportunities and targeted growth avenues. The segmentation is typically based on parameters such as:
By Product & Service Outlook (Revenue, USD Billion, 2020-2034)
• Instruments
• Consumables
• Services
By Workflow Outlook (Revenue, USD Billion, 2020-2034)
• Nucleic Acid Extraction
• Library Preparation & Amplification
• Target Enrichment
• Library Quantification/QC
By Application Outlook (Revenue, USD Billion, 2020-2034)
• Oncology
• Clinical Investigation
• Reproductive Health
• HLA Typing/Immune System Monitoring
• Metagenomics
• Epidemiology & Drug Development
• Agrigenomics & Forensics
• Consumer Genomics
By End Use Outlook (Revenue, USD Billion, 2020-2034)
• Academic Research
• Clinical Research
• Hospitals & Clinics
• Pharma & Biotech Entities
• Other
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Regional Leaders and Growth Hotspots
Market performance varies significantly across regions, influenced by the presence of industries, investment flows, and regulatory support. Some regions are emerging as dominant forces due to their strong market infrastructure and rising demand.
By Regional Outlook (Revenue, USD Billion, 2020-2034)
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Conclusion
The Next Generation Sequencing Sample Preparation market is poised for steady growth, driven by a combination of technological advancements, expanding use cases, and supportive ecosystem trends. For a deeper understanding of how this market is expected to unfold, access the full report today!
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