Meticulous Research® a leading global market research company, published a research report titled,‘NGS Library Preparation MarketBy Product (Kits, Reagents, Instruments), Sequencing Type (Genome, Exome, Targeted), Application (Diagnostics, Discovery), End User(Hospitals, Diagnostic Laboratories,Pharmaceutical,Academic)—GlobalForecastto2030.’
According to this latest publication from Meticulous Research®, the NGS library preparation market is projectedtoreach$3.62billionby2030,ataCAGRof14.8%from2023to2030.Thegrowthofthismarket is driven by the declining costs of sequencing, the rising prevalence of genetic disorders, the increasing utilizationofNGSindiagnostics,andtheincreasingR&Dinvestmentsandhealthcareexpenditure.
In addition, the increasing applications of next-generation sequencing and the rising number of collaborations between companies to develop library preparation protocols are expected to provide significantgrowthopportunitiesforthismarket.
However,theexpensivenatureofNGSlibrarypreparationsolutionsindevelopingcountriesisexpectedto hinder the growth of this market to a certain extent. In addition, factors such as regulatory & standardizationconcernsindiagnostictestingandthelimitedexpertiseandsequencingcapabilitiesofmid and small-sized laboratories are the major challenges to market growth.
o LibraryPreparationKits
o DNALibraryPreparationKits
o RNALibraryPreparationKits
o OtherReagents&Consumables
• Instruments&Workstations
Note:Otherreagents&consumablesincludevariousextractionkits,amplificationkits, consumables,andlaboratoryreagents
NGSLibraryPreparationMarket,byApplication
• DiseaseDiagnostics
o CancerDiagnostics
o ReproductiveHealthDiagnostics
o InfectiousDiseaseDiagnostics
o OtherDiseaseDiagnosticApplications
• DrugDiscovery
• OtherApplications
Note:Otherdiseasediagnosticapplicationsincludeapplicationsincardiovasculardiseases, detectionofgeneticaberrationsinneurologicaldisorders,rarediseases,metabolicand immunedisorders,andfoodborneillnesses.
Note:Otherapplicationsincludebasicresearch(genomics,molecularbiology,andotherlife sciences),agriculture&animalresearch,andforensics&foodmicrobiology.
NGSLibraryPreparationMarket,bySequencingType
• TargetedGenomeSequencing
• WholeGenomeSequencing
• WholeExomeSequencing
• OtherSequencingTypes
Note :Other sequencing types include degradome sequencing, chromatin immunoprecipitation(ChIP)sequencing,andmethylationsequencing
NGSLibraryPreparationMarket,byEndUser
• Hospitals&DiagnosticLaboratories
• PharmaceuticalandBiotechnologyCompanies
• AcademicInstitutes&ResearchCentres
• OthersEndUsers
Note :Otherendusersincludeforensiclaboratories&securityagencies,thefoodindustry, andtheagricultureindustry
NGSLibraryPreparationMarket,byGeography
• NorthAmerica
o U.S.
o Canada
• Europe o Germany o France o U.K. o Italy o Spain o RestofEurope(RoE)
• Asia-Pacific o China o Japan o India o RestofAsia-Pacific(RoAPAC)
• LatinAmerica
• MiddleEast&Africa
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NGSLibraryPreparationMarket:FutureOutlook
TheNGSlibrarypreparationmarketissegmentedbyproduct,application,sequencingtype,enduser,and geography. The study also evaluates industry competitors and analyzes the country and regional-level markets.
Based onproduct,in 2023, the reagents & consumables segment is expected to account for the largest shareoftheNGSlibrarypreparationmarket.Thelargemarketshareofthissegmentisattributedtofactors such as the increasing demand for library preparation kits and reagents, the high number of research activities,andthenumerous applicationsof NGS indifferentfields, suchas drugand biomarkerdiscovery anddiagnostics.
Based on application, in 2023, the disease diagnostics segment is expected to account for the largest share of the NGS library preparation market. The large market share of this segment is attributed to the high prevalence of cancer globally, favorable reimbursement scenarios for NGS-based tests, and advancementsinNGS-basedoncologyandnon-invasiveprenataltests(NIPT).
Based on sequencing type,in 2023, the targeted sequencing segment is expected to account for the largest share of the NGS library preparation market. The large market share of this segment is attributed to the benefits offered by targeted sequencing, such as low cost, fast turnaround time, and accurate and easy interpretationoftargeted sequencingresultsinthestudyofdisease-relatedgenes.
Based on end user,in 2023, the hospitals & diagnostic laboratories segment is expected to account for thelargestshareoftheNGSlibrarypreparationmarket.Thelargemarketshareofthissegmentisattributed to the high volume of NGS-based diagnostic tests performed in hospitals & diagnostic laboratories, the demandforadvancedmedicaltreatments,andtherisingadoptionofbiomarker-basedtherapies.
This research report analyzes the market across major regions and provides a comprehensive analysis of NorthAmerica(U.S.,Canada),Europe(Germany,France,U.K.,Italy,Spain,andRestofEurope),Asia-Pacific (Japan,China,India,andRestofAsia-Pacific),LatinAmerica,andtheMiddleEast&Africa.
In2023,NorthAmericaisexpectedtoaccountforthelargestshareoftheNGSlibrarypreparationmarket, followed by Europe and Asia-Pacific. North America’s major market is attributed to the factors such as governments’ increased support and investments to enhance genome sequencing infrastructure in the region, the increasing R&D investments by pharmaceutical and biopharmaceutical companies, and the presenceofkey marketplayersintheregion.
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KeyPlayers
The key players operating in the NGS library preparation market are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), QIAGEN N.V. (Germany), Agilent Technologies, Inc. (U.S.), Beckman Coulter Inc. (U.S.) (Subsidiary of Danaher Corporation), Becton, Dickinson and Company (U.S.), Pacific Biosciences of California, Inc. (U.S.), PerkinElmer Inc. (US), F. Hoffmann-La Roche AG (Switzerland), New England Biolabs, Inc. (U.S.),Tecan Group Ltd. (Switzerland), Merck KGaA(Germany),and IntegratedDNA Technologies, Inc. (U.S.).
Keyquestionsansweredinthereport:
• Which are the high-growth market segments in terms of product, application, sequencing type, enduser,andregion/country?
• WhatwasthehistoricalmarketsizefortheNGSlibrarypreparationacrosstheglobe?
• Whatarethemarketforecastsandestimatesfortheperiod2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the global NGS library preparationmarket?
• WhoarethemajorplayersintheNGSlibrarypreparationmarket?
• How is the competitive landscape, and who are the market leaders in the global NGS library preparationmarket?
• WhataretherecentdevelopmentsintheglobalNGSlibrarypreparationmarket?
• What are the different strategies adopted by the major players in the global NGS library preparationmarket?
• Whatarethegeographicaltrendsandhigh-growthregions/countries?
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