Factors such as advancements in NGS platforms, reduced cost of sequencing, and improving reimbursement scenario for NGS-based diagnostic tests are driving the growth of this market. However, while the costs involved in NGS have reduced to some extent, they have not reached a level where broad adoption across developing markets can be achieved. This is a key restraint for market growth.
[203 Pages Report] The NGS sample preparation market is projected to grow from USD 1.1 billion in 2019 to USD 2.7 billion by 2024, at a CAGR of 18.7% during the forecast period.
The study used four major activities to estimate the current market size for the NGS sample preparation market. Exhaustive secondary research was done to collect information on the market and its different subsegments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
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The diagnostics segment is estimated to grow at the highest CAGR during the forecast period
Based on application, the NGS sample preparation market is segmented into diagnostics, drug discovery, agricultural & animal research, and other applications. The diagnostics segment is estimated to grow at the highest rate during the study period owing to the growing number of new cancer cases across the globe, favorable reimbursement scenario for NGS-based tests in the US, and increasing focus of key market players on developing NGS-based products & services for cancer and NIPT.
The research methodology used to estimate the market size includes the following:
# The key players in the industry and markets have been identified through extensive secondary research.
# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research.
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
The reagents, and consumables segment to dominate the overall NGS sample preparation market in 2018
Based on product, the NGS sample preparation market is segmented into workstations and reagents & consumables. The reagents & consumables segment was further subsegmented into library preparation, target enrichment, and quality control, on the basis of workflow.
Key questions addressed in the report:
# What are the growth opportunities related to the NGS sample preparation market across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of NGS sample preparation products. Will this scenario continue in the next five years?
# What are the various NGS sample preparation product segments and their market share in the overall market?
# What are the new trends and advancements in the market?
# How will the use of NGS in diagnostics impact the overall adoption and industry of NGS sample preparation products?
North America dominated the NGS sample preparation market in 2018
Geographically, the NGS sample preparation market is segmented into North America (US and Canada), Europe (Germany, France, the UK, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), and the Rest of the World (RoW). North America accounted for the largest share of the overall NGS sample preparation market in 2018 followed by Europe.
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The large share of North America can be attributed to the favorable initiatives by government and private bodies for the development and adoption of NGS technologies, wide adoption of NGS diagnostics in the region, increasing number of NGS-based research & clinical applications in the region, growing research on cancer, rising awareness of NGS services, and the presence of leading NGS service providers, in the region.
Major Industry Leaders:
Some of the prominent players in the NGS sample preparation market include Illumina Inc. (US), Thermo Fisher Scientific (US), QIAGEN N.V. (Germany), Agilent Technologies, Inc. (US), Beckman Coulter (a subsidiary of Danaher), Becton, Dickinson and Company (BD) (US), Pacific Biosciences of California (US), PerkinElmer Inc. (US), F. Hoffmann-La Roche (Switzerland), and New England Biolabs, Inc. (US), among others.
Analysis of the developments in the NGS sample preparation market from 2016 to 2018 shows that product launches; agreements, partnerships and collaborations; expansions; and acquisitions were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market positions.
The new NGS Sample Preparation Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the NGS Sample Preparation Market include Congenica Ltd, Agilent Technologies., BGI, Biomatters Ltd., Bio-Rad Laboratories, Inc., DNASTAR, Hoffmann-La Roche Ltd, Eurofins, Genomatix GmbH, Scientific Foundation Medicine, Macrogen, Illumina, Myriad Genetics, Pacific Biosciences of California, Oxford Nanopore Technologies, Perkin Elmer, Partek Incorporated, PierianDx, Quest Diagnostics Incorporated, QIAGEN, and Thermo Fisher Scientific..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global NGS Sample Preparation Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/ngs-sample-preparation-market/download-sampleMarket SegmentationThe broad NGS Sample Preparation Market has been sub-grouped into the Workflow, Aapplication, End-Use and Region.
The report studies these subsets with respect to the geographical segmentation.
NGS Sample Preparation Market: IntroductionAccording to the report, the global NGS sample preparation market was valued at US$ 758.5 Mn in 2019.
Next-generation sequencing (NGS) has revolutionized genomic research.
In terms of product type, the global NGS sample preparation market has been classified into instruments, and kits, reagents, and consumables.
The segment is anticipated to expand at a high CAGR during the forecast period, owing to rise in the demand for NGS sample preparation across the world.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=68159In terms of on end user, the global NGS sample preparation market has been split into hospitals & clinical diagnostic centers, biotechnology & pharmaceutical companies, academic & research institutes, and others (CROs, CMOs, etc.).
The expansion of the market in the region can be attributed to a well-developed healthcare sector.
Technological developments in NGS sample preparation is the other major factor that is likely to propel the NGS sample preparation market in the region.Request COVID Analysis on Iron NGS Sample Preparation Market –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=68159NGS Sample Preparation Market: Key PlayersKey players are expanding their footprint to consolidate their positions in the global NGS sample preparation market due to lucrative opportunities to increase their share.
