What is Global Next Generation Sequencing (NGS) Sample Preparation Market?
The Global Next Generation Sequencing (NGS) Sample Preparation Market is a rapidly evolving sector that focuses on the preparation of samples for next-generation sequencing. This process involves the extraction of DNA or RNA from a sample, followed by the creation of a library of fragments for sequencing. The market is driven by the increasing demand for personalized medicine, advancements in genomics, and the growing prevalence of infectious diseases and cancer. The NGS sample preparation market is also influenced by the development of cost-effective and efficient products by key market players. The global market is expected to witness significant growth due to the increasing adoption of NGS technologies in clinical diagnostics and research applications.
Sequencing by Synthesis (SBS), Ion Semiconductor Sequencing, Single Molecule Real Time (SMRT) Sequencing, Nanopore Sequencing in the Global Next Generation Sequencing (NGS) Sample Preparation Market:
Sequencing by Synthesis (SBS), Ion Semiconductor Sequencing, Single Molecule Real Time (SMRT) Sequencing, and Nanopore Sequencing are some of the key technologies used in the Global Next Generation Sequencing (NGS) Sample Preparation Market. SBS is a widely used method for next-generation sequencing that involves the synthesis of a complementary DNA strand and the detection of incorporated nucleotides. Ion Semiconductor Sequencing, on the other hand, uses a semiconductor to measure the release of hydrogen ions during DNA synthesis. SMRT Sequencing is a third-generation sequencing technology that allows for the direct observation of DNA synthesis. Lastly, Nanopore Sequencing involves the use of nanopores to sequence DNA by detecting changes in electrical conductivity as DNA molecules pass through the nanopore. These technologies have revolutionized the field of genomics and are expected to drive the growth of the NGS sample preparation market.
Biopharmaceutical Companies, Hospitals, Academics & Research Institutes, Other in the Global Next Generation Sequencing (NGS) Sample Preparation Market:
The Global Next Generation Sequencing (NGS) Sample Preparation Market finds its applications in various sectors such as Biopharmaceutical Companies, Hospitals, Academics & Research Institutes, among others. Biopharmaceutical companies utilize NGS technologies for drug discovery and development, personalized medicine, and clinical trials. Hospitals use NGS for diagnostic purposes, patient screening, and monitoring disease progression. Academic and research institutes leverage NGS for various research purposes, including the study of genetic diseases, evolutionary biology, and population genetics. The versatility and efficiency of NGS technologies have led to their widespread adoption in these sectors, contributing to the growth of the NGS sample preparation market.
Global Next Generation Sequencing (NGS) Sample Preparation Market Outlook:
Looking at the market outlook for the Global Next Generation Sequencing (NGS) Sample Preparation Market, it was valued at US$ 3660.2 million in 2023. The market is expected to grow significantly and reach a value of US$ 6578.2 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period from 2024 to 2030. The market's growth can be attributed to the increasing demand for NGS technologies in various sectors, advancements in genomics, and the growing prevalence of diseases such as cancer and infectious diseases. The development of cost-effective and efficient products by key market players is also expected to contribute to the market's growth.
| Report Metric | Details |
| Report Name | Next Generation Sequencing (NGS) Sample Preparation Market |
| Accounted market size in 2023 | US$ 3660.2 million |
| Forecasted market size in 2030 | US$ 6578.2 million |
| CAGR | 8.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Agilent Technologies，Inc., Thermo Fisher Scientific, Macrogen，Inc, Illumina，Inc., Eurofins Scientific, QIAGEN N.V., F Hoffman-La Roche AG, Beckman Coulter (Danaher) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
