NGS Sample Preparation Market is estimated to be US$ 9.5 billion by 2034 with a CAGR of 7.5% during the forecast period

Published Date: February 2024

NGS sample preparation is the method of analyzing the whole DNA sequence of an organism at single time. All organism containing DNA sequence are applicable for NSG test. NGS test is used to identify novel and rare cancer mutations, detect familiar cancer mutation carriers, and provide molecular rationale for appropriate targeted therapy. The DNA or RNA is needed to prepare for the NGS test, the steps include, fragmenting or sizing the target sequences to a desired length, converting target to dsDNA, attachment of oligonucleotides to ends, and quantitating the final library. These NGS technology is used to study genetic variation associated with diseases or other biological phenomena. The increase in the prevalence of genetic disorders increases the NGS sample preparation which is the major factor for the growth of the global market. Additionally, for the genetic testing increasing due to direct contact with the consumer is another fueling factor for the growth of the target market. Moreover, increasing the prevalence of infectious diseases rise the demand for NGS sample preparation which is the propelling factor for the growth of the global market.NGS Sample Preparation Market was valued at US$ 4.9 billion in 2024 and is projected to grow at a CAGR of 7.5 % to reach US$ 9.5 billion by 2034.

Region Analysis:

In the NGS Sample Preparation market, North America accounts highest revenue share due to the growing demand for advanced medical technologies in genomics. Europe region is anticipated for significant growth for the global market over the forecast period.

Key Development:

  • In April 2020, Illumina designed software toolkit available free of charge to support nations during the pandemic of COVID-19.
  • In 2020, 10x Genomics, Inc. and Merck entered into a collaboration for linking of two innovative technologies.

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Segmentation:

NGS Sample Preparation Market was valued at US$ 4.9 billion in 2024 and is projected to grow at a CAGR of 7.5 % to reach US$ 9.5 billion by 2034. The global NGS sample preparation market is segmented based on product, workflow, therapy area, application, and region.

  • Based on the product, the NGS sample preparation market is segmented into the workstation (open system and closed system), standalone, and consumables.
  • Based on the workflow, the target market is segmented into manual NGS sample preparation fragmentation and quality control.
  • Based on the therapy area, the global market is classified into oncology and neonatal.
  • Based on the application, the target market is bifurcated into DNA sequencing and metagenomics.
  • On region the NGS sample preparation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Analysis:                                                                                                 

The key players operating the NGS sample preparation market involves Agilent Technologies, Aurora Biomed Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Eppendorf AG, F. Hoffmann-La Roche AG, Hamilton Company, Illumina, Inc., New England Biolabs, Inc., and Oxford Nanopore Technologies Limited.

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