[196 Pages Report] The NGS Sample Preparation Market size was estimated at USD 2.40 billion in 2023 and expected to reach USD 2.78 billion in 2024, at a CAGR 16.01% to reach USD 6.80 billion by 2030.
Next Generation Sequencing (NGS) sample preparation is essential and primary step in library preparation and is necessary for various diagnostic analyses. The increasing complexity of laboratory workflows and the need to reduce sample processing time are raising the need for NGS sample preparation solutions. Growing applications of NGS in clinical diagnostics and personalized medicine are increasing the requirement for NGS sample preparation techniques. However, high hardware and software infrastructure costs may limit their adoption by the end users. Moreover, the technological advancements in NGS sample preparation platforms and ongoing collaborations between companies to develop NGS sample preparation platforms are expected to expand the usage of NGS sample preparation systems and solutions.
The NGS sample preparation market is evolving in the Americas owing to the presence of a well-established pharmaceutical sector and local and international companies providing a wide range of products tailored to specific applications. These companies in the region offer a variety of sample preparation solutions ranging from reagents to automated platforms and provide end users with high-quality products that meet their specific requirements. The NGS Sample Preparation Market in APAC is growing owing to the rising prevalence of chronic diseases and the growing need for early detection and diagnosis of diseases. The NGS sample preparation market in Europe, the Middle East, and Africa (EMEA) is developing due to improved access to NGS technologies, associated infrastructure, and healthcare systems development. Additionally, increased investment in diagnostic testing capabilities and the development of innovative sample preparation platforms are expected to create lucrative opportunities to adopt NGS sample preparation solutions worldwide.
The market dynamics represent an ever-changing landscape of the NGS Sample Preparation Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
- Market Drivers
- Increasing prevalence of infectious diseases and rising need for early disease diagnosis
- Favorable investment landscape in NGS for the research and development of new treatments
- Emerging use of NGS sequencing technology in agriculture for sustainable productivity
- Market Restraints
- High cost of NGS sample preparation platforms and contamination issues during NGS sample preparation
- Market Opportunities
- Technological advancement in NGS sample preparation platforms
- Increasing collaboration and partnership among private and government organizations to develop NGS sample preparation platforms
- Market Challenges
- Limited availability of skilled professionals in medium and small size laboratories
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the NGS Sample Preparation Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the NGS Sample Preparation Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the NGS Sample Preparation Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the NGS Sample Preparation Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the NGS Sample Preparation Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the NGS Sample Preparation Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the NGS Sample Preparation Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the NGS Sample Preparation Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the NGS Sample Preparation Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the NGS Sample Preparation Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the NGS Sample Preparation Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the NGS Sample Preparation Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Agilent enhances user experience in NGS sample preparation workflow
Agilent Technologies, Inc. recently launched a new automation solution for next-generation sequencing (NGS) sample preparation workflow. The solution gives scientists a quick and efficient way to prepare samples for NGS analysis. The automated workflow includes a comprehensive set of tools, such as Agilent's Nextera XT Index Kit, Magbead technology, and its EZ Bead instrument. [Published On: 2023-05-09]
INTEGRA Biosciences Acquires Miroculus
Integra Biosciences recently announced a strategic acquisition of Miroculus, a company specializing in digital microfluidics-based solutions for single-cell molecular diagnostics. Integra has gained access to innovative technologies enabling them to expand their capabilities within the NGS sample preparation market. This acquisition is an important step in strengthening Integra's competitive position and presence in this growing market and providing customers with enhanced products and service offerings. [Published On: 2023-03-16]
Ultima Genomics Partners with New England Biolabs to Expand Research Applications on Ultima Sequencers
New England Biolabs (NEB) and Ultima Genomics are pleased to announce their new partnership, through which NEB can provide Ultima Genomics with high-quality reagents and kits for sample preparation for Next Generation Sequencing (NGS). This partnership can provide NGS researchers with more efficient and affordable sample preparation options. The collaboration of these two companies offers a unique combination of experience in the life sciences industry and an innovative approach to developing NGS solutions. [Published On: 2023-02-06]
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the NGS Sample Preparation Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
The report delves into recent significant developments in the NGS Sample Preparation Market, highlighting leading vendors and their innovative profiles. These include Promega Corporation, Oxford Nanopore Technologies PLC, Illumina, Inc., Thermo Fisher Scientific Inc., Psomagen, Inc., Macrogen Inc., Aurora Biomed Inc., Standard BioTools Inc., Tecan Trading AG, Qiagen N.V., FORMULATRIX, Inc., Sysmex Corporation, SPT Labtech Ltd, Applied Biological Materials Inc., Magen Biotechnology Co., Ltd., Novogene Co., Ltd., Eppendorf SE, F. Hoffmann-La Roche Ltd., Merck KGaA, Twist Bioscience Corporation, Beckman Coulter by Danaher Corporation, BGI Group, Eurofins Genomics LLC, Bio-Rad Laboratories, Inc., PerkinElmer Inc., Agilent Technologies, Inc., BioDynami, New England Biolabs, Inc., Takara Bio Inc., MCLAB, Zymo Research Corporation, and Integrated DNA Technologies, Inc..
This research report categorizes the NGS Sample Preparation Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Reagents & Consumables
- Workstations
- Workflow
- DNA
- Human Whole Genome Sequencing (WGS)
- Targeted Sequencing
- Whole Exome Sequencing (WES)
- Library Preparation
- Quality Control
- RNA
- Gene Expression Analysis
- Whole Transcriptome Sequencing
- Target Enrichment
- Targeted Seq
- WES
- Whole Exome Sequencing (WES)
- DNA
- Technology
- Ion Semiconductor Sequencing
- Nanopore Sequencing
- Sequencing by Synthesis (SBS)
- Single-molecule real-time (SMRT) Sequencing
- Application
- Agricultural & Animal Research
- Disease Diagnostics
- Cancer Diagnostics
- Infectious Disease Diagnostics
- Reproductive Health Diagnostics
- Drug Discovery
- End-User
- Academic Institutes and Research Centers
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- NGS Sample Preparation Market, by Product
- NGS Sample Preparation Market, by Workflow
- NGS Sample Preparation Market, by Technology
- NGS Sample Preparation Market, by Application
- NGS Sample Preparation Market, by End-User
- Americas NGS Sample Preparation Market
- Asia-Pacific NGS Sample Preparation Market
- Europe, Middle East & Africa NGS Sample Preparation Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 26]
- List of Tables [Total: 828]
- List of Companies Mentioned [Total: 32]
Improving Sample Quality:
The quality of the NGS sample plays a vital role in the results' accuracy. Traditional sample preparation methods involve several manual steps, increasing the risk of sample contamination. NGS sample preparation platforms have automated sample-processing systems that significantly reduce opportunities for contamination. Automated sample processing systems can also reduce errors caused by human intervention and extraction variability, leading to improved sample quality and increased accuracy of results.
Saving Time and Cost:
Traditional NGS sample preparation methods can take up to several hours to complete, significantly losing time and resources. In contrast, NGS sample preparation platforms save time by eliminating manual sample preparation steps. These platforms use magnetic bead-based techniques or microfluidics, which increase throughput, reduce error rates and improve overall sample quality. These developments reduce the amount of manual handling required, subsequently increasing efficiency while moderating cost.
Providing Flexibility:
NGS sample preparation platforms offer much flexibility over traditional methods. Automated platforms have adaptable workflows that can handle a broad range of input DNA quantity and quality. The flexibility offered by NGS sample preparation platforms also allows tailoring for specific protocols, leading to improved results.
Increasing Throughput:
The biotech industry has seen a rapid increase in demand for sequencing. Traditional NGS sample preparation methods cannot handle the high volume of samples required. The necessity for high throughput sequencing has led to the creation of NGS sample preparation platforms that can process up to thousands of samples at once. By increasing throughput, NGS sample preparation platforms save considerable time and resources, subsequently increasing the rate of scientific discovery.
Advancing Innovation:
The advent of NGS sample preparation platforms has led to innovative novel applications. One such application is the ability to sequence circulating tumor DNA (ctDNA), offering new insights into the diagnosis and prognosis of life-threatening diseases such as cancer. NGS sample preparation platforms can automate ctDNA sequencing, making it cost-effective and feasible in high volume. The advancement in NGS sample preparation platforms has enabled biotech industries to explore new possibilities in cancer treatment and improve patient outcomes.
The biotech industry has seen significant technological advancements in NGS sample preparation platforms. These advancements have transformed the sample preparation process for NGS and revolutionized the field. Improved sample quality, reduced costs, increased flexibility, improved throughput, and innovative novel applications have been observed. The implementation of NGS sample preparation platforms has opened new possibilities for scientific discovery and offers great promise for advancing human health. The biotech industry will continue to benefit from the cost-effectiveness and efficiency offered by NGS sample preparation platforms, driving innovation and progress in the field.
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