What Is Driving Global Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market Growth in 2025: The Role of Increasing Demand For Personalized Medicine Fueling The Growth Of The Market Due To Advancements In Genomics And Tai

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Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market for library preparation and target enrichment for next-generation sequencing products has seen substantial growth. An expansion from $3.06 billion in 2024 to $3.43 billion in 2025 is anticipated, indicating a compound annual growth rate (CAGR) of 12.1%. The driving factors for this growth during the historical period include an increased adoption of whole genome sequencing, a higher demand for automated processes in library preparation, a growing usage of next-generation sequencing in researching rare diseases, an expanding integration of multi-omics strategies, and rising investments in tools for genomic data analysis.

How Will the Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market Size Evolve and Grow by 2029?
The market size for the library preparation and target enrichment of next-generation sequencing products is predicted to expand significantly in the coming years, reaching $5.34 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%. The increased use of precision medicine, expanding investments in genomic research, growing use of next-generation sequencing in clinical diagnostics, and an increase in government support for genomics projects can all contribute to this growth forecast. Key trends in the forecast period encompass enhancements in library preparation automation, the evolution of portable and real-time sequencing platforms, breakthroughs in hybrid capture and CRISPR-based enrichment procedures, progress in bioinformatics and AI integration, and the advent of environmentally-friendly and sustainable sequencing reagents.

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What Drivers Are Propelling the Growth of Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market Forward?
Surging demand for tailored healthcare is anticipated to drive the expansion of the market for library preparation and target enrichment for next-generation sequencing products. Personalized medicine customizes prevention and treatment protocols based on an individual's distinctive genetic composition, lifestyle and environment. Upsurges in genomics-related innovations primarily fuel the rising implementation of personalized medicine, as they allow for accurate identification of genetic disparities and individual-specific treatments. These library preparation and target enrichment products for next-generation sequencing increase the efficacy of personalized medicine through exact and effective genomic analysis, rendering them perfect for locating unique genetic variations in patients. These products minimise experimental intricacy with streamlining workflows and targeted sequencing, which in turn enhances diagnostic precision and customised treatment plans. For example, the Personalized Medicine Coalition (PMC), a non-profit body in the US, reported in February 2024 that the U.S. Food and Drug Administration (FDA) sanctioned 26 new tailored medicines in 2023, markedly up from the 12 given approval in 2022. Hence, the swelling demand for personalized medicine is fuelling the growth of the market for library preparation and target enrichment products for next-generation sequencing.

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Which Emerging Trends Are Transforming the Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market in 2025?
Key players in the next-generation sequencing (NGS) library preparation and target enrichment market are focusing on developing innovative solutions like multimodal NGS library preparation kits. These kits enhance the efficiency, specificity, and coverage of genomic sequencing. A multimodal NGS library preparation kit is a lab solution that allows for DNA and RNA sequencing libraries to be prepared at the same time from a single biological sample. This reduces the use of materials, simplifies the workflow, and shortens the turnaround time while also facilitating downstream target enrichment. For example, in May 2024, the biotechnology company based in the Netherlands, QIAGEN N.V., launched the QIAseq Multimodal DNA or RNA Library Kit. This kit is the first to offer an integrated method for producing both DNA and RNA sequencing libraries from one sample. It is adaptable to various materials such as blood, formalin-fixed paraffin-embedded tissue, and cell-free DNA, and it maintains high sensitivity and variant detection. This innovative solution simplifies multiple lab workflows onto a single platform, decreases preparation time, and extends compatibility with different sequencing machines and hybrid-capture enrichment panels, which will boost advanced research into complex diseases like cancer.

What Are the Key Segments in the Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market?
The library preparation and target enrichment for next-generation sequencing product market covered in this report is segmented as

1) By Product Type: Library Preparation Kits, Target Enrichment Kits, Instrument Systems, Reagents, Consumables And Accessories
2) By Technology: Targeted Sequencing, Whole Exome Sequencing, Whole Genome Sequencing, Ribonucleic Acid (RNA) Sequencing, Single-Cell Sequencing
3) By Workflow Stage: Sample Preparation, Library Construction, Enrichment, Sequencing, Data Analysis
4) By Application: Clinical Diagnostics, Research And Development, Forensic Applications, Other Applications
5) By End User: Academic And Research Institutions, Clinical Laboratories, Pharmaceutical And Biotech Companies, Hospitals And Diagnostic Centers, Government And Non-Profit Organizations

Subsegments:
1) By Library Preparation Kits: Deoxyribonucleic Acid (DNA) Fragmentation Kits, Adapter Ligation Kits, Indexing Kits, Polymerase Chain Reaction (PCR) Amplification Kits
2) By Target Enrichment Kits: Hybridization Capture Kits, Amplicon-Based Enrichment Kits, Custom Panel Kits, Pre-Capture Pooling Kits
3) By Instrument Systems: Automated Library Preparation Systems, Automated Target Enrichment Systems, Quality Control And Quantification Systems, Integrated Next Generation Sequencing Workstations
4) By Reagents: Deoxyribonucleic Acid (DNA) Polymerases, Ligases, Buffers And Enzymes, Nucleotides
5) By Consumables And Accessories: Magnetic Beads, Microplates And Tubes, Cartridges And Columns, Pipette Tips And Seals

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Who Are the Key Players Shaping the Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market's Competitive Landscape?
Major companies operating in the library preparation and target enrichment for next-generation sequencing product market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson And Company, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., Sysmex Corporation, Bruker Corporation, Revvity Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Tecan Group Ltd., Hamilton Company, BGI Genomics Co. Ltd., Takara Bio Inc., Twist Bioscience Corporation, Pacific Biosciences of California Inc., New England Biolabs Inc., Zymo Research Corporation, Lexogen GmbH, and Paragon Genomics Inc.

What Geographic Markets Are Powering Growth in the Library Preparation And Target Enrichment For Next-Generation Sequencing Product Market?
North America was the largest region in the library preparation and target enrichment for next generation sequencing product market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in library preparation and target enrichment for next-generation sequencing product report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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