Favorable reimbursement scenarios, high demand for accurate and quick disease detection techniques, and increasing investments in research and development activities are some factors expected to drive market revenue growth.
Favorable reimbursement scenarios, high demand for accurate and quick disease detection techniques, and increasing investments in research and development activities are some factors expected to drive market revenue growth
Emergen Research has published its latest report titled, “Next Generation Sequencing Sample Preparation Market By Workflow (NGS Library Preparation Kit, Semi-automated Library Preparation, Automated Library Preparation, Colonial Amplification), By Application (Oncology, Clinical Investigation, Reproductive Health, HLA Typing/Immune System Monitoring, Metagenomics, Epidemiology, & Drug Development, Agrigenomics & Forensics, Consumer Genomics), By End Use and Region Forecasts to 2027”
According to Emergen Research, the global next generation sequencing sample preparation market size was USD 3,110 million in 2019 and is expected to reach USD 6,630 million in 2027 and register a revenue CAGR of 9.3% during the forecast period, 2020-2027.
Market Dynamics:
Next generation sequencing (NGS) technology is widely used to determine DNA, RNA sequence to study and analyze genetic variations associated with the diseases. NGS technology is rapidly gaining traction owing to increasing prevalence of various infectious diseases and genetic disorders across the globe. Over recent years, rapid advancements in sequencing technologies have led to the introduction of better and more accurate sample preparation protocols. For instance, gradual shift from manual sample preparation to automation simultaneous preparation of multiple library sequences.
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Revenue growth of the global market is significantly driven by factors such as increasing number of genomic research projects, high focus on developing and launching advanced kits, reagents for sample preparation, and presence of key players. Other factors such as increasing demand for genome mapping, rising application of NGS techniques, rapid advancements in clinical oncology, and increasing investments in research and development activities are expected to boost market revenue growth during the forecast period.
However, factors such as lack of skilled professionals for advanced NGS sample preparation, stringent regulatory norms for approval of devices and diagnostic tests, and ethical issues with sampling are expected to hamper overall market growth to a certain extent during the forecast period. In addition, high costs of procedures is expected to restrain overall market growth going ahead.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Colonial Amplification Segment to Register Rapid Revenue Growth:
The colonial amplification segment is expected to register rapid revenue growth during the forecast period. This can be attributed to factors such as increasing prevalence of genetic diseases and chronic disorders, high preference for simultaneous preparation of multiple library sequences, and availability of advanced reagents and kits for sample preparation.
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Academic Research Segment to Account for Largest Revenue Share:
The academic research segment is expected to account for largest revenue share between 2020 and 2027 owing to improving research centers and facilities across the globe, rising funds for genomic research, and high demand for NGS sample preparation reagents, kits, and consumables in academic and research institutes.
North America to Lead In Terms of Revenue:
North America is expected to account for largest revenue share over the forecast period owing to factors such as rapid advancements in next generation sequencing platforms, high adoption of NGS techniques, and increasing prevalence of various chronic diseases. Other factors such as increasing funds from public and private sectors, presence of major key players, increasing number of NGS-based research, and rising awareness about NGS services are expected to fuel North America market growth over the forecast period.
Major Companies in the Market Include:
- Agilent Technologies
- Bio-Rad Laboratories, Inc.
- Biomatters Ltd.
- Congenica Ltd
- Eurofins Scientific
- DNASTAR
- F. Hoffmann-La Roche Ltd.
- Genomatix GmbH
- Thermo Fisher Scientific
- Foundation Medicine
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For the purpose of this report, Emergen Research has segmented the global next generation sequencing (NGS) sample preparation market on the basis of workflow, application, end-users, and region:
Workflow Outlook (Revenue, USD Million; 2017-2027)
- NGS Library Preparation Kit
- Semi-Automated Library Preparation
- Automated Library Preparation
- Colonial Amplification
Application Outlook (Revenue, USD Million; 2017-2027)
- Oncology
- Clinical Investigation
- Reproductive Health
- HLA Typing/Immune System Monitoring
- Metagenomics, Epidemiology, & Drug Development
- Agrigenomics & Forensics
- Consumer Genomics
End Use Outlook (Revenue, USD Million; 2017-2027)
- Academic Research
- Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Others
Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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