What Has Been the Progress and Growth of the Sample Preparation Products For Next Generation Sequencing Market in Recent Years?
The sample preparation products for next generation sequencing market has seen considerable growth due to a variety of factors.
• The market size for products used in sample preparation for next-generation sequencing has been expanding swiftly in the past few years. It is projected to escalate from $36.87 billion in 2024 to $42.52 billion in 2025, with a compound annual growth rate (CAGR) of 15.3%.
The past growth can be credited to initial advancements in sequencing technologies, industry expenditure in genomics and personalized healthcare, a substantial decrease in sequencing costs leading to wider application access, an amplified interest in understanding genetic elements, and collaborative strategies among technology providers.
What Can Be Expected from the Sample Preparation Products For Next Generation Sequencing Market Size?
The sample preparation products for next generation sequencing market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness a swift expansion in the forthcoming years, the market for sample preparation products for next generation sequencing is projected to reach a valuation of $74.49 billion in 2029, expanding at a compound annual growth rate (CAGR) of 15.0%.
The upward trajectory during the forecast period is likely to be driven by factors such as the increasing need for more precise and all-inclusive NGS solutions, amplified abilities in data evaluation, burgeoning applications in domains like oncology, together with regulatory standards and approvals for NGS clinical applications. Other major trends likely to mark the forecast period are automation and high-throughput in sample preparation procedures, protocols for sample preparation and guarantee of superior quality, advancements in sequencing techniques such as nanopore sequencing, and a surge in the adoption of, and innovation in, sample preparation products.
What Are the Critical Driver Fuelling The Sample Preparation Products For Next Generation Sequencing Market's Growth?
The escalated demand for precision medicine is set to fuel the sample preparation products for next-generation sequencing market's expansion in the future. Precision medicine is a medical strategy personalized to patients based on their distinctive genetic, environmental, and lifestyle factors. The surge in its demand has been mainly attributed to the growth in chronic disorders like cancer, diabetes, and cardiovascular diseases. Sample preparation products for NGS are crucial for the progress of precision medicine as they aid in a precise and efficient examination of genetic data, a key aspect in creating targeted treatments and enhancing patient results in personalized healthcare. As per the Personalized Medicine Coalition, a non-profit organization based in the US, the FDA endorsed 16 unique personalized therapies specifically for rare disease patients in 2023, a significant rise from the six that were approved the previous year. Consequently, the burgeoning demand for precision medicine is propelling the next-generation sample preparation products market.
How Is The Sample Preparation Products For Next Generation Sequencing Market segmented?
The sample preparation products for next generation sequencing market covered in this report is segmented –
1) By Type: Deoxyribonucleic Acid (DNA) Extraction Purification And Isolation Products, Ribonucleic Acid (RNA) Extraction Purification And Isolation Products, Panels Exome Kits And Other Target Enrichment Products, Deoxyribonucleic Acid (DNA) Library Construction Or Preparation Products, Ribonucleic Acid (RNA)-sequencing (Seq) Transcriptome And Gene Expression Products, Small Ribonucleic Acid (RNA) Next Generation Sequencing Sample Preparation Products
2) By Therapeutic Area: Oncology, Infectious Diseases, Human Genetics Or Population Genetics
3) By Application: Biotechnology, Medical, Pharmaceutical, Other Applications
Subsegments:
1) By Deoxyribonucleic Acid (DNA) Extraction Purification and Isolation Products: DNA Extraction Kits, DNA Purification Reagents, Isolation Columns and Magnetic Beads
2) By Ribonucleic Acid (RNA) Extraction Purification and Isolation Products: RNA Extraction Kits, RNA Purification Reagents, Isolation Columns and Magnetic Beads
3) By Panels, Exome Kits, and Other Target Enrichment Products: Exome Enrichment Kits, Targeted Panels for Specific Genes, Custom Enrichment Solutions
4) By Deoxyribonucleic Acid (DNA) Library Construction or Preparation Products: DNA Library Preparation Kits, Fragmentation and End Repair Kits, Adapter Ligation Kits
5) By Ribonucleic Acid (RNA)-Sequencing (Seq) Transcriptome and Gene Expression Products: RNA-Seq Library Preparation Kits, Quantification Reagents for RNA-Seq, Transcriptome Analysis Tools
6) By Small Ribonucleic Acid (RNA) Next Generation Sequencing Sample Preparation Products: Small RNA Library Preparation Kits, miRNA Extraction and Quantification Products, Small RNA Enrichment Kits
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What Emerging Trends Are Influencing The Growth Of The Sample Preparation Products For Next Generation Sequencing Market?
Major organizations in the sample preparation products for next generation sequencing market are embracing innovative technologies such as next-generation sequencing (NGS) to stand out in the competition. NGS is a groundbreaking method used to determine the sequence of DNA or RNA. It allows for the examination of genetic disparity and the observation of biological occurrences. For example, in July 2023, QIAGEN N.V., a German supplier of sample and assay technologies, launched QIAseq Normalizer Kits. These kits provide investigators with a quick, easy, and cost-effective method for pooling DNA libraries, which guarantees high-grade results in NGS runs. The kits are also fully compatible with QIAGEN's QIAseq library prep solutions and other DNA/RNA prep processes for Illumina platforms.
Who Are the Key Players In The Sample Preparation Products For Next Generation Sequencing Market?
Major companies operating in the sample preparation products for next generation sequencing market are:
• Merck & Co. Inc.
• Thermo Fisher Scientific Inc.
• F. Hoffmann-La Roche AG
• Eurofins Scientific SE
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Illumina Inc.
• Beckman Coulter Inc.
• Bio-Rad Laboratories Inc.
• QIAGEN N.V.
• Eppendorf AG
• Promega Corporation
• Oxford Nanopore Technologies Ltd
• Takara Bio Inc
• New England Biolabs
• Fluidigm Corporation
• Pacific Biosciences of California Inc.
• Analytik Jena AG
• SeraCare Life Sciences
• Diagenode Inc.
• Zymo Research Corporation
• Nugen Technologies Inc.
• Swift Biosciences Inc.
• Tecan Group Ltd.
What Is The Most Dominant Region In The Sample Preparation Products For Next Generation Sequencing Market?
North America was the largest region in the sample preparation products for next generation sequencing (NGS) market in 2024. The regions covered in the sample preparation products for next generation sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
