NGS Sample Preparation Market To Reach $9.66 Billion By 2030

NGS Sample Preparation Market Growth & Trends

The global NGS sample preparation market size is expected to reach USD 9.66 billion by 2030, expanding at a CAGR of 15.4% over the forecast period according to a new report by Grand View Research, Inc. Development of companion diagnostics and personalized medicine is expected to enhance the adoption of next-generation sequencing protocols in clinical practice. NGS technology is widely applicable in theranostics domain thus leading to growth in NGS sample preparation market.

In addition, an increase in sequencing capacity and speed has led to a rise in demand for high-throughput NGS sample handling solutions. Therefore, key players are focused on the development of automated platforms for sample preparation for next-generation sequencing.

For instance, the Bravo NGS manufactured by Agilent Technologies, Inc. efficiently automates library preparation for NGS implementation and reduces the overall time of the process. A laboratory technician can use Bravo NGS to prepare whole genome libraries for nearly 1,000 samples every week. The system also reduces variability by nearly 39% as compared to other manual methods.

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NGS Sample Preparation Market Report Highlights

• Oncology dominated the market and accounted for a share of 29.3% in 2023 due to multiple players engaged in the development of oncology-targeted panels 

• Consumables accounted for the largest market revenue share in 2023. The high share is attributed to the strong demand for consumables for commercial and research applications of NGS 

• Library preparation & amplification dominated the market in 2023. They assist in transforming DNA or RNA samples into libraries that have the essential adapters and indices for sequencing 

• Academic research accounted for the largest revenue share of 53.7% in 2023. The prevalence of next generation sequencing solutions in university and research center projects is primarily responsible for the segment's dominance 

• North America dominated the global market in 2023 with a revenue share of 41.5%. Factors contributing to the growth include the increasing demand for diagnostic tools, public awareness

NGS Sample Preparation Market Segmentation

Grand View Research has segmented the NGS sample preparation market on the basis of product & service workflow, application, end-use, and region: 

NGS Sample Preparation Product & Service Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments

• Consumables

• Services

NGS Sample Preparation Workflow Outlook (Revenue, USD Million, 2018 - 2030)

• Nucleic Acid Extraction

• Library Preparation & Amplification

• Target Enrichment

• Library Quantification/QC

NGS Sample Preparation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology

• Clinical Investigation

• Reproductive Health

• HLA Typing/Immune System Monitoring

• Metagenomics, Epidemiology & Drug Development

• Agrigenomics & Forensics

• Consumer Genomics

NGS Sample Preparation End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Academic Research

• Clinical Research

• Hospitals & Clinics

• Pharma & Biotech Entities

• Other

NGS Sample Preparation Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

  • Kuwait

List Of Key Players in the NGS Sample Preparation Market

• Illumina, Inc.

• Agilent Technologies, Inc.

• Bio-Rad Laboratories, Inc.

• Thermo Fisher Scientific Inc.

• QIAGEN

• PerkinElmer Inc.

• F. Hoffmann-La Roche Ltd

• BGI Genomics

• Danaher Corporation (Beckman Coulter)

• Eurofins Scientific