NGS Sample Preparation Market is forecasted to be appraised at US$ 5.4 Billion by 2032
The global NGS Sample Preparation Market is expected to grow at a 13.7% CAGR to US$ 5.4 billion by 2032.
DNA
contains the blueprints of life. Within its structures are the codes required
for the assembly of proteins and non-coding RNA – these molecular machineries
affect all the biological systems that create and maintain life. By
understanding the sequence of DNA, researchers have been able to elucidate the
structure and function of proteins as well as RNA and have gained an
understanding of the underlying causes of disease. Next Generation Sequencing
(NGS) is a powerful platform that has enabled the sequencing of thousands to
millions of DNA molecules simultaneously. This technology involves steps
such as library preparation followed by clone amplification and cyclic array
sequencing. This technology is used for applications including human whole
genome sequencing (WGS), whole exome sequencing, targeted sequencing using
panels of a few to thousands of genes, and expression profiling.
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NGS
has revolutionized the genome sequencing market. NGS sample preparation market
is expected to show significant growth over forecast period. Increasing need
for personalized treatment is driving the growth of this market. Increase in
the healthcare spending and improvement in the healthcare technology are the
major factors for the growth of NGS sample preparation market. Increasing
incidence of disease conditions like cancer and use of NGS for diagnostic
purpose in cancer and management or treatment of disease the boosting
the growth. Aging population is also expected to drive the growth of NGS sample
preparation market. Single molecule real time sequencing is expected to be
fastest growing segment due to real time preparation of samples. Drug discovery
and diagnostic application are expected be highest revenue generating and
fastest growing NGS sample preparation segments. Biopharmaceutical companies
are biggest user of NGS samples as these companies are focusing on development
of new drugs.
NGS
Sample Preparation Market: Key Players
Some
of the market participants in the global NGS sample preparation market are
Thermo Fisher Scientific, Agilent Technologies, Inc., F Hoffman-La Roche AG,
Illumina, Inc., Eurofins Scientific and Macrogen, Inc.
The
report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size,
2012 – 2016
- Market Size & Forecast 2017
to 2027
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies
involved
- Technology
- Value Chain
On
the basis of technology the global NGS sample preparation market can segmented
as:
- Sequencing by Synthesis (SBS)
- Ion Semiconductor Sequencing
- Single Molecule Real Time
(SMRT) Sequencing
- Nanopore Sequencing
On
the basis of application the global NGS sample preparation market can be
segmented into:
- Diagnostics
- Drug Discovery
- Biomarker Discovery
- Precision Medicine
- Agriculture and Animal Research
- Other Applications
On
the basis of end user the global NGS sample preparation market can be segmented
into:
- Biopharmaceutical Companies
- Hospitals
- Research Institutes
- CMOs
- CROs
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