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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Growth Drivers of the NGS Sample Preparation Market
Next-generation sequencing (NGS) is a high-throughput DNA sequencing procedure that employs the concept of massively parallel processing. It is also known as massively parallel sequencing. The sequencing chemistry and engineering configurations of NGS platforms are subject to variation. NGS technologies were created between 1994 and 1998 and have been commercially available since 2005. The determination of RNA structures is facilitated by NGS techniques. The sequencing of the entire human genome in a single day has been made possible by the use of NGS. The pace and precision of genome sequencing have been enhanced by NGS technologies.
The global NGS sample preparation market will be significantly influenced by the following factors: the increasing prevalence of genetic disorders, the development of NGS platforms, the reduction of sequencing costs, the improvement of reimbursement conditions for diagnostic examinations based on NGS, the increase in the number of genome research projects, and the increasing demand for nucleic acid sequencing. New growth opportunities in the NGS sample preparation market will be generated by the increasing prominence of personalized medicine and technological advancements in sample planning techniques. These opportunities will be related to drug discovery.
Nevertheless, the NGS sample preparation market may be constrained in the future by the high cost of NGS and the stringent NGS-related guidelines in certain countries.
In order to provide the readers of this report with a thorough understanding of the NGS sample preparation market, we have incorporated a competitive landscape and an analysis of Porter’s Five Forces model. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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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
Regional Analysis of the NGS Sample Preparation Market
The regional segment encompasses the current and projected demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It is further classified into significant countries, including the United States, Germany, France, UK, China, Japan, India, and Brazil.
In the global NGS sample preparation market, North America is the dominant region and is expected to experience rapid development in the future. The rapid acceptance of NGS diagnostics, the rapid implementation of the latest technologies, and the initiatives taken by the government and non-government bodies have all contributed to this progress. The market for NGS sample preparation in the Asia Pacific region is anticipated to expand swiftly during the anticipated time frame. The growth of drug discovery in the region is anticipated to be driven by China, Japan, and India.
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