NGS Sample Preparation Demand Is Likely To Surge At A 7.3% CAGR From 2022-2032

NGS Sample Preparation Market By Product Type (Instruments, Kits, Reagents & Consumables), By Application (Drug & Biomarker Discovery, Diagnostics, Precision Medicines), By End User (Hospitals & Diagnostic Centers, Academic & Research Institutes)

Sales of NGS sample preparation products were valued at US$ 3.8 Billion in FY 2021, and is likely to exhibit a Y-o-Y increase of 10.5% in 2022, reaching US$ 4.2 Billion.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global NGS Sample Preparation market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the NGS Sample Preparation market.

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Key findings of the NGS Sample Preparation market study:

•          Regional breakdown of the NGS Sample Preparation market based on predefined taxonomy.
•          Innovative manufacturing processes implemented by NGS Sample Preparation vendors in detail.
•          Region-wise and country-wise fragmentation of the NGS Sample Preparation market to grasp the revenue, and growth outlook in these areas.
•          Changing preferences among consumers across various regions and countries.
•          Factors (Positive and Negative) impacting the growth of the global NGS Sample Preparation market.

Competitive Landscape

Offering new sample items with cutting-edge technology, collaborating with current manufacturers, making acquisitions, and obtaining regulatory clearances are just a few of the important expansion methods used by major industry competitors. The following are some noteworthy developments:

• QIAGEN N.V. introduced the QIAseq DIRECT SARS-CoV-2 Kit in April 2021, a viral genome enrichment and library preparation solution that would drastically minimize library turnaround times and the usage of plastics in NGS.
• In addition, Thermo Fisher Scientific approved a formal deal to buy PPD Inc. for US$ 17.4 billion, with the goal of boosting innovation, increasing drug development productivity, and fostering advanced clinical research.
• Swift Biosciences was bought by Integrated DNA Technologies (IDT) Inc. in May 2021 to expand its NGS library preparation genomics kits for academic, translational, and clinical research. Swift develops and commercializes NGS Library Prep Kits that maximize data output, provide comprehensive coverage, and reduce sequencing costs, while IDT is a leader in developing and production nucleic acid products for academic and commercial research, agriculture, medical diagnostics, pharmaceutical development, and synthetic biology.

Key Segments Covered in the NGS Sample Preparation Industry Report

• By Product Type :
• NGS Sample Preparation Instruments
• NGS Sample Preparation Kits, Reagents & Consumables
• By Application :
• Drug & Biomarker Discovery
• Diagnostics
• Precision Medicines
• Others
• Agriculture
• Animal Research
• By End User :
• Hospitals & Diagnostic Centers
• Biotechnology & Pharmaceutical Companies
• Academic & Research Institutes
• Others
• CROs
• CMOs
• By Region :
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Queries addressed in the NGS Sample Preparation market report:

•          Why are the NGS Sample Preparation market players targeting region for increased product sales?
•          What patented technologies are the players utilizing in the global NGS Sample Preparation market?
•          Which regions are displaying the fastest growth in the NGS Sample Preparation market?
•          What are the underlying micro- macroeconomic factors affecting the global NGS Sample Preparation market?

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