Market Size – USD 3,110.0 Million in 2019, Market Growth – CAGR of 9.3%, Market Trends –High demand in the consumer genomics sector
The global next generation sequencing (NGS) sample preparation Market is expected to reach USD 6,630.0 Million by 2027, according to a new report by Emergen Research. Numerous advantages of high-performance sequencing compared to technologies used in the field of genetics, including microarray and sanger-seq, are among the significant factors fueling the NGS sample preparation market growth. In addition, it is estimated that the availability of sampling techniques with low input DNA reduces overall costs is that, expanding the use of next-generation sequencing in various scientific and clinical applications.
New England Biolabs technology that uses magnetic beads to mount the prototype will greatly enhance the procedures for NGS sample preparation for the next generation. Recent advances in technology, for example, the LIMS, for automation of genome libraries, often allow for single day next-generation sequencing at an affordable cost. The progress is expected to increase the number of next-generation users in the forecast period.
This NGS technology has drawn the interest of many companies and investors in various fields, including fundamental research, discovery, and production of pharmaceutical drugs, reproductive, and consumer genomics. Moreover, the dropping costs and the added value of next-generation sequencing data relative to traditional data are anticipated to have a positive impact on this technology’s diversification in other clinical areas and result in lucrative revenue growth.
Key participants include Agilent Technologies, Bio-Rad Laboratories, Inc., BGI; Biomatters Ltd., Congenica Ltd, Eurofins Scientific, DNASTAR, F. Hoffmann-La Roche Ltd., Genomatix GmbH, Thermo Fisher Scientific, and Foundation Medicine, among others, among others.
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Regional Scope: North America; Europe; Asia Pacific; Central & South America; MEA
Workflow Outlook (Revenue, USD Billion; 2017-2027)
- NGS Library Preparation Kit
- Semi-Automated Library Preparation
- Automated Library Preparation
- Colonial Amplification
Application Outlook (Revenue, USD Billion; 2017-2027)
- Oncology
- Clinical Investigation
- Reproductive Health
- HLA Typing/Immune System Monitoring
- Metagenomics, Epidemiology, & Drug Development
- Agrigenomics & Forensics
- Consumer Genomics
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Academic Research
- Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
North America accounted for the largest market share of approximately, 37.2% in the global Next Generation Sequencing Sample Preparation market in 2019 primarily due to growing incidences of chronic asthma and rhinosinusitis symptoms along with competent infrastructure and favorable reimbursement scenarios. Owing to such promising market drivers, the North American market is anticipated to grow significantly through the forecast period.
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