About the Report
The global NGS sample preparation market is expected to be valued at over US$ 4 billion by 2031, expanding at an astounding CAGR of around 16% over the next ten years. Sequencing-based surveillance is rapidly emerging as an effective way to detect various bacterial and viral strains, as well as numerous unaccounted pathogens.
Hence, next generation sequencing (NGS) is emerging as an effective approach to treat various infectious ailments. Moreover, prospects are likely to abound across chronic ailments as well, most notably in oncology and agrigenomics.
This new report by Fact.MR tracks global sales of NGS sample preparation products in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the healthcare domain in general, and demand for NGS sample preparation products in particular.
How Do Historical Sales & Future Projections Compare?
Rapid advancements in healthcare diagnostics technology have proved to be a boon for the global market, with countries investing in massive clinical and diagnostic laboratories to facilitate robust testing for a variety of chronic and infectious diseases.
Growth prospects further heightened amidst the COVID-19 pandemic, as healthcare providers effectively leveraged advanced in vitro diagnostic solutions and other testing approaches to ascertain infection presence amongst patients. Future prospects appear especially bright across the oncology segment.
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How are Academic Level Collaborations Bolstering Growth Prospects?
While NGS is experiencing extensive uptake in clinical diagnostics, companies are faced with drawbacks in library preparation and different automation strategies. It has been found that pipetting workstations facilitate high throughput processing, but offer limited flexibility during procedures. This has led to the emergence of microfluidic solutions that offer great potential due to miniaturization and decreased investment costs.
Microfluidic systems are being used for automation. However, microfluidic systems are relatively new and only a handful of them are being commercialized. Hence, companies involved in NGS sample preparation are partnering with academic groups to advance in the field of microfluidic systems and pipetting workstations to assess its implementation in library preparation protocols.
Will NGS Sample Preparation Prove Useful in Tracking Plant Diseases?
NGS sample preparation is finding increasing applications in the agriculture sector, helping address various forms of plant and crop based diseases. Agricultural genomics, or agrigenomics, is continuing to drive sustainable productivity, offering solutions to mounting challenges of feeding the global population.
For instance, viral genomics is being extensively deployed to track outbreak of plant-based viral diseases which cause significant yield and quality losses in a wide variety of cultivated crops. Methods for simultaneous detection of multiple viruses have been developed, and NGS is now a principal focus of this area, as it enables unbiased and hypothesis-free testing of plant samples.
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Why are Stringent Regulatory Approvals Impeding Market Expansion?
As NGS is a precision-based approach to diagnostics, sample preparation products to facilitate the same need to be in pristine condition. This reduced error margins and provides accurate results. For this, these products are subject to intense scrutiny by regulatory authorities.
Since every approval consumes a lot of time due constant requirements for compliance with various provisions often delays product launches, thus limiting adequate supply in the market. This is proving to be a significant growth staller in upcoming years.
How Lucrative are Growth Prospects for NGS Sample Preparation across the U.S.?
The presence of a robust healthcare system is primarily bolstering NGS sample preparation adoption prospects across the US. Presence of major clinical laboratories to understand disease progression and epidemiology using NGS is heightening adoption of various sample preparation products.
Bulk of NGS sample preparation products are expected to be utilized in the oncology domain, with prominent players such as Illumina Inc. working ceaselessly to develop NGS-based in vitro diagnostic solutions for cancer. Other prominent players include Bio-Rad Laboratories, Agilent Technologies and Thermo Fisher among others.
Why are NGS Sample Preparation Product Manufacturers Leaning towards India for Future Growth?
Over the years, the Indian healthcare industry has posted highly lucrative gains, with value-based care, smart healthcare and blockchain technology making significant strides. Moreover, NGS based testing has acquired major importance, given the rising complexities in chronic and infectious diseases.
Deployment of NGS screening has been overt in key areas such as non-invasive prenatal testing, cancer diagnostics and bacterial & viral infection diagnoses. Prenatal screening is a highly promising area as it can help conceiving couples determine presence of genetic disorders such as Down’s syndrome within the fetus.
An Adaptive Approach to Modern-day Research Needs
Why are NGS Sample Preparation Kits, Reagents & Consumables in High Demand?
By product type, demand for NGS sample preparation kits, reagents & consumables is expected to embark on a positive trajectory, attributed to increased production volumes by leading manufacturers around the globe.
Prominent players, including Thermo Fisher Scientific Inc., QIAGEN N.V and Cytiva Life Sciences have emerged at the forefront of NGS sample preparation products, offering a wide range of kits, reagents & consumables.
How is Drug & Biomarker Discovery Opening up NGS Sample Preparation Application Prospects?
By application, the drug & biomarker discovery domain dominated the global NGS sample preparation market in 2019, a trend which is expected to continue across the forecast period. Recent innovations in drug and pharmaceutical ingredients development is majorly driving uptake.
NGS offers higher sensitivity, enabling detection of full genome sequence of pathogens, including unknown species. Applications of NGS for drug & biomarker discovery for oncology is especially potent, given the extremely high cancer prevalence rates.
Offering new sampling products equipped with the latest technology, collaborations with existing manufacturers, acquisitions and securing regulatory approvals are some key expansion strategies relied upon by prominent market players. Some notable developments are:
- In April 2021, QIAGEN N.V launched the QIAseq DIRECT SARS-CoV-2 Kit, a viral genome enrichment and library preparation solution to significantly reduce library turnaround times and plastics use for NGS
- Also, Thermo Fisher Scientific approved a definitive agreement to acquire PPD Inc. at a purchase price of US$ 17.4 billion with the objective of enhancing innovation and increase drug development productivity and foster advanced clinical research
- In May 2021, Integrated DNA Technologies (IDT) Inc. acquired Swift Biosciences to augment its NGS library preparation genomics kits for academic, translational and clinical research. IDT is a leader in developing and manufacturing nucleic acid products for academic and commercial research, agriculture, medical diagnostics, pharmaceutical development, and synthetic biology, while Swift develops and commercializes NGS Library Prep Kits that maximize data output, provide comprehensive coverage, and reduce sequencing costs.
*This list is indicative- full details about prominent NGS sample preparation players is available upon request.
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Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Key Market Segments Covered
- NGS Sample Preparation Instruments
- NGS Sample Preparation Kits, Reagents & Consumables
- NGS Sample Preparation for Drug & Biomarker Discovery
- NGS Sample Preparation for Diagnostics
- NGS Sample Preparation for Precision Medicines
- Animal Research
- Hospitals & Diagnostic Centers
- Biotechnology & Pharmaceutical Companies
- Academic & Research Institutes
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of MEA
- North America
NGS Sample Preparation Market - Scope of Report
A new study by Fact.MR on the NGS sample preparation market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering NGS sample preparation products.
The study also provides the dynamics responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing NGS sample preparation products, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of NGS sample preparation products across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of NGS sample preparation products during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which regions are the most lucrative NGS sample preparation markets?
- Which factors will impact the growth of the market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the NGS sample preparation industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for NGS sample preparation are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global NGS sample preparation market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the NGS sample preparation market during the forecast period.
Country-specific valuation on demand for NGS sample preparation market has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of NGS sample preparation market, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in manufacturing NGS sample preparation products has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the NGS sample preparation market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.