NGS Sample Preparation Market to Register a Steady CAGR of 12.5% Between 2023 to 2031 – Growth Plus Reports

Newark, New Castle, USA, April 04, 2023 (GLOBE NEWSWIRE) -- A recent report by Growth Plus Reports estimated the global NGS sample preparation market to be worth US$ 1.46 billion in 2022. From 2023 to 2031, market revenue is expected to grow at a CAGR of 12.5%, reaching US$ 4.22 billion. The most successful strategies, market trends, the competitive environment, significant drivers and opportunities, statistical data, market size, and revenue are all included in the report. 

Key Takeaways:

• The growing global burden of contagious diseases is driving market revenue. 
• The rising revenue share is due to increased government assistance for the new market.
• Rapid advancements in sequencing technology have expanded the market revenue. 

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                                      NGS Sample Preparation Market Scope

Market Drivers: 
The rising prevalence of infectious diseases, lower cost of sequencing, and technological advancements are driving the global NGS sample preparation market revenue growth. The rising demand for quickly evolving disease detection techniques that are both effective and affordable is contributing to the market revenue expansion. 

Market Segmentation: 
Growth plus reports have analyzed the global NGS sample preparation market from perspectives such as product & services, workflow, sample type, application, end-user, and region. 

Product & Services Segmentation: 
Based on products & services, the global NGS sample preparation market has been segmented into instruments, reagents & consumables, and services. 
The instruments segment accounts for the largest revenue share of the global NGS sample preparation market. This largest revenue share is attributed to technological advancements, product approvals, partnerships, and collaborations among major companies.  

Workflow Segmentation: 
Based on workflow, the global NGS sample preparation market is segmented into DNA fragmentation & library preparation, target enhancement, and quality control.

The DNA fragmentation & library preparation segment accounts for the largest revenue share during the forecast period. The worldwide prevalence of genetic diseases throughout the globe is expected to drive the revenue growth of the library preparation segment. 

Sample Type Segmentation: 
Based on sample type, the global NGS sample preparation market has been segmented into DNA and RNA. 

The DNA segment accounts for the largest revenue share in the global NGS sample preparation market. This large revenue share is attributed to the detection of a range of mutations in the human genome. 

Application Segmentation: 
Based on application, the global NGS sample preparation market is segmented into disease diagnostics, drug diagnostics, agriculture & animal research, and others. 

The disease diagnostics segment dominates the global market with the largest revenue share. This segment is further sub-segmented into cancer, reproductive health, and infectious disease diagnostics. The rise in revenue share is attributed to the simultaneous examination of several genes saving time, money, and sample. 

End User Segmentation: 
Based on end users, the global NGS sample preparation market is segmented into hospitals & clinics, academic institutes & research centers, and pharmaceuticals & biotechnology companies. 

The academic institutes & research centers segment accounts for the largest revenue share due to specialized research activities such as gene expressions and profiling, immunoprecipitation, and small RNA sequencing.   

Regional Growth Dynamics: 
Based on region, the global NGS sample preparation market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. 

North America accounts for the highest market revenue share globally due to rapid advancements in next-generation sequencing, personalized medicine, increased investments in research and development, and the domination of key market players.

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Competitive Landscape: 
The prominent market players in the global NGS sample preparation market include: 

• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories Inc.
• Qiagen N.V. 
• Danaher Corporation
• Illumina Inc.
• Agilent Technologies Inc. 
• F. Hoffmann-La Roche Ltd.
• PerkinElmer Inc.
• Genomatix
• BGI Genomics
• DNASTAR
• Eurofins Scientific

New product releases and higher R&D spending are two main techniques used by significant players to get a larger market revenue share. Both domestic and international companies for NGS sample preparation are concentrating on launching unique products while expanding their R&D efforts and monitoring the entry of new competitors.

Recent Developments: 

• In December 2022, The next-generation NovaSeq X units from Illumina Inc. were 2.5 times quicker than earlier sequencers at producing more than 20,000 whole genomes yearly.

Table of Content

1. INTRODUCTION
   1. Market Ecosystem 
   2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
   3. Currency Used in the Report
2. RESEARCH METHODOLOGY 
   1. Research Approach
   2. Data Collection Methodology
   3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
   4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
   5. Market Forecasting Model
   6. Limitations and Assumptions       
3. PREMIUM INSIGHTS
   1. Current Market Trends (COVID-19 Perspective)
   2. Key Players & Competitive Positioning (2022)
4. MARKET DYNAMICS
   1. Drivers
   2. Restraints
   3. Opportunities
5. GLOBAL NGS SAMPLE PREPARATION MARKET- ANALYSIS & FORECAST, BY PRODUCT & SERVICES
   1. Instruments
   2. Reagents & Consumables 
   3. Services
6. GLOBAL NGS SAMPLE PREPARATION MARKET- ANALYSIS & FORECAST, BY WORKFLOW
   1. DNA Fragmentation & Library Preparation
   2. Target Enhancement
   3. Quality Control
7. GLOBAL NGS SAMPLE PREPARATION MARKET- ANALYSIS & FORECAST, BY SAMPLE TYPE
   1. DNA
   2. RNA
8. GLOBAL NGS SAMPLE PREPARATION MARKET- ANALYSIS & FORECAST, BY APPLICATION
   1. Diagnostics
      1. Cancer
      2. Reproductive Health 
      3. Infectious Diseases 
      4. Others
   2. Drug Discovery & Development
   3. Agriculture & Animal Research
   4. Others

NGS SAMPLE PREPARATION MARKET TOC

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VALUE PROPOSITIONS RELATED TO THE REPORT:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• 'Business Profile' of Key Players

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