WASHINGTON, March 29, 2023 (GLOBE NEWSWIRE) -- Global NGS Sample Preparation Market is valued at USD 1.54 Billion in 2021 and is projected to reach USD 4.32 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 15.1% over the forecast period 2022-2028. The major factors driving the growth of this market include increasing applications of NGS in various fields such as clinical diagnostics, drug discovery, and personalized medicine, along with the growing demand for NGS-based research in genetic disorders, oncology, and agriculture.
NGS Sample Preparation Market Overview
NGS (Next-generation sequencing) sample preparation is an important process in the field of genomics, which involves the conversion of biological samples into a form suitable for sequencing. The NGS sample preparation market includes various products and services such as DNA fragmentation, library preparation, target enrichment, and quality control.
Based on the product type, the market is segmented into consumables and instruments. The consumables segment accounted for the largest share of the market in 2021, owing to the repeated use of consumables during the sample preparation process.
Based on the application, the market is segmented into diagnostics, drug discovery, agriculture, and others. The diagnostics segment held the largest share of the market in 2021, owing to the growing demand for NGS-based clinical diagnostics and the increasing prevalence of genetic disorders and cancer.
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NGS Sample Preparation Market Dynamics
The NGS (Next-generation sequencing) sample preparation market is driven by several key factors, including the increasing demand for NGS-based research in various fields such as clinical diagnostics, drug discovery, and personalized medicine. The market is also fueled by the growing prevalence of genetic disorders and cancer, which has led to the need for accurate and reliable diagnostic tests that can be performed using NGS technologies.
The market is also being driven by technological advancements in NGS sample preparation techniques, such as the development of automated workflows, which have reduced the time and cost associated with NGS sample preparation. The availability of advanced NGS platforms and improved sequencing technologies has also contributed to the growth of the market.
Moreover, the increasing adoption of NGS technologies in developing countries is expected to drive the growth of the market in the coming years. The emergence of new applications for NGS, such as metagenomics and epigenomics, is also expected to create new opportunities for market players.
However, the high cost of NGS instruments and the lack of skilled professionals to operate these instruments are some of the factors that may hamper the growth of the market. Moreover, the lack of standardization in NGS sample preparation techniques may also limit the adoption of NGS technologies in some applications.
Top Players in the Global NGS Sample Preparation Market
- Illumina Inc. (US)
- Agilent Technologies Inc. (US)
- Thermo Fisher Scientific Inc. (US)
- PerkinElmer Inc. (US)
- F.Hoffmann-La Roche AG (Switzerland)
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Top Report Findings
- The global NGS sample preparation market is expected to grow at a CAGR of 15.1% from 2022 to 2028, reaching a value of USD 4.32 Billion by 2028.
- Consumables accounted for the largest share of the market in 2021, owing to their repeated use during the sample preparation process.
- The diagnostics segment held the largest share of the market in 2021, owing to the growing demand for NGS-based clinical diagnostics and the increasing prevalence of genetic disorders and cancer.
- North America held the largest share of the market in 2021, owing to the increasing adoption of NGS technologies, the presence of major players in the region, and the growing demand for NGS-based research in oncology and genetics.
Top Trends in the Global NGS Sample Preparation Market
Increasing adoption of automation: With the growing demand for NGS technologies, there has been an increasing adoption of automation in the sample preparation process. Automated workflows can reduce the time and cost associated with NGS sample preparation and improve the reproducibility of results.
Development of new sample preparation techniques: The development of new sample preparation techniques, such as single-cell sequencing and long-read sequencing, is expected to drive the growth of the market. These techniques enable the sequencing of complex samples and provide more accurate and comprehensive data.
Growing demand for personalized medicine: The growing demand for personalized medicine is expected to drive the growth of the NGS sample preparation market. NGS technologies can be used to sequence an individual's genome, which can help in the development of personalized treatment plans.
Increasing applications in non-human research: NGS technologies are being increasingly used in non-human research, such as in agriculture and environmental studies. This is expected to create new opportunities for market players.
Rising demand for cloud-based solutions: The increasing amount of NGS data being generated has led to a rising demand for cloud-based solutions for data storage and analysis. This trend is expected to continue in the coming years as more data is generated through NGS technologies.
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Global NGS Sample Preparation Market Segmentation
By Product Class
- Reagent and Consumables
- Workstations
By Applications
- Diagnostics
- Drug Discovery
- Other Applications
By End User
- Hospitals and Clinics
- Pharmaceutical & Biotechnology Companies
- Other End Users
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Browse market data Tables and Figures spread through 163 Pages and in-depth TOC on NGS Sample Preparation Market Forecast Report (2022-2028).
Regional Analysis
North America: North America held the largest share of the market in 2021, owing to the increasing adoption of NGS technologies, the presence of major players in the region, and the growing demand for NGS-based research in oncology and genetics.
Europe: Europe is expected to witness significant growth in the market, driven by the increasing adoption of NGS technologies in clinical diagnostics and drug discovery, and the growing demand for personalized medicine.
Asia-Pacific: Asia-Pacific is expected to witness significant growth in the market, driven by the increasing adoption of NGS technologies in emerging countries such as China and India, and the growing demand for NGS-based research in various fields.
Latin America: Latin America is expected to witness moderate growth in the market, driven by the increasing prevalence of genetic disorders and cancer, and the growing adoption of NGS technologies in clinical diagnostics.
Middle East & Africa: The Middle East & Africa is expected to witness moderate growth in the market, driven by the increasing adoption of NGS technologies in clinical diagnostics and drug discovery, and the growing demand for personalized medicine.
Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 1.54 Billion |
| Revenue Forecast by 2028 | USD 4.32 Billion |
| CAGR | 15.1% from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | Illumina Inc., Agilent Technologies Inc., Thermo Fisher Scientific Inc., PerkinElmer Inc., F.Hoffmann-La Roche AG |
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Key Questions Answered in the NGS Sample Preparation Market Report are:
- What is the current market size and growth rate of the NGS Sample Preparation market, and what are the expected trends in the near future?
- What are the major factors driving the growth of the NGS Sample Preparation market?
- What are the key technological advancements and innovations in the NGS Sample Preparation market?
- Who are the major players in the NGS Sample Preparation market, and what are their market share and competitive strategies?
- What are the major applications of NGS Sample Preparation, and what are the key end-user industries?
- What are the major challenges and opportunities faced by the NGS Sample Preparation market, and how are they being addressed?
- What are the key regulations and standards governing the NGS Sample Preparation market, and how are they impacting the market?
- What are the major geographical regions and countries contributing to the growth of the NGS Sample Preparation market, and what are their growth prospects?
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