The global ngs sample preparation market size was worth around USD 1.95 billion in 2023 and is predicted to grow to around USD 5.20 billion by 2032 with a compound annual growth rate (CAGR) of roughly 11.48% between 2024 and 2032.
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Next-generation sequencing (NGS) is classified as a high-throughput DNA sequencing technique that operates on the principle of massively parallel processing. This process is alternatively known as massively parallel sequencing. The sequencing chemistry and engineering configurations of NGS platforms vary. Since 2005, NGS technologies that were developed between 1994 and 1998 have been commercially available. NGS methodologies facilitate the elucidation of RNA structures. NGS has made it possible to sequence the complete human genome in a single day. The utilisation of NGS technologies has enhanced both the velocity and accuracy of genome sequencing.
The global NGS sample preparation market will be primarily driven by the increasing prevalence of genetic disorders, advancements in NGS platforms, declining sequencing expenses, improved reimbursement for diagnostic examinations based on NGS, a rising number of research projects in genome research, and a rising demand for nucleic acid sequencing. Advancements in sample planning methodologies and the increasing prevalence of personalised medicine will generate fresh avenues for expansion in the NGS sample preparation industry, which will benefit market participants engaged in drug discovery.
Future NGS sample preparation market growth may be hampered, however, by the high cost of NGS and the implementation of stringent NGS-related regulations in certain nations.
To provide a thorough understanding of the NGS sample preparation market for the report’s audience, we have incorporated a competitive landscape and an evaluation of the market using Porter’s Five Forces framework. The research includes an evaluation of market attractiveness, in which each segment is compared to others in terms of market size, growth rate, and overall appeal.
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The Global NGS Sample Preparation Market is segmented based on product, application and region
Global NGS Sample Preparation Market: Product Segment Analysis
● Consumables and Reagents
● Workstations
Global NGS Sample Preparation Market: Application Segment Analysis
● Drug Discovery
● Animal and Agricultural Research
● Diagnostics
● Precision Medicine
● Biomarker Discovery
● Others
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The global NGS Sample Preparation market profiles key players such as:
● Agilent Technologies
● Thermo Fisher Scientific
● Illumina
● F Hoffman-La Roche
● Macrogen
● Eurofins Scientific
Analysis of the NGS Sample Preparation Market by Region
The regional segment comprises present and projected demand for the following regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It is additionally subdivided into significant countries such as the United States, Germany, France, United Kingdom, China, Japan, India, and Brazil.
Future projections indicate that North America will continue to lead the global NGS sample preparation market in terms of market dominance. The advancements mentioned can be ascribed to the endeavours undertaken by governmental and non-governmental entities to promote the adoption of next-generation sequencing (NGS) technologies, the swift integration of the most recent technologies, and the swift approval of NGS diagnostics. During the forecast period, the Asia-Pacific NGS sample preparation market is anticipated to expand at a rapid rate. It is anticipated that China, Japan, and India will spearhead the expansion of drug discovery in the region.
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