Report Objectives:
# To define, describe, and forecast the NGS sample preparation market based on products & services, workflow, sample type, method, application, and end user.
# To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, challenges, opportunities, and trends).
# To strategically analyse micro markets with respect to individual growth trends, future prospects, and contributions to the overall market.
# To analyse opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
# To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.
# To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements, partnerships, and R&D activities in the market.
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Overview of This Study:
In order to determine the current size of the NGS sample preparation market, this study engaged in four main activities. A thorough investigation was conducted using secondary research methods to gather data about the market, its parent market, and its peer markets. The next stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. A combination of top-down and bottom-up methods was used to estimate the overall market size. Subsequently, methods for data triangulation and market breakdown were employed to estimate the market size of various segments.
Industry Revenue Forecast:
Revenue from the global NGS sample preparation market was projected to be $1.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.4% from 2022 to 2028, when it is expected to reach $4.0 billion.
Major Growth Influencing Factors:
The use of NGS as a PCR substitute, the development of NGS platforms, the decreasing cost of sequencing, the efficiency of genotyping and preparation protocols, and others are some of the key factors propelling the growth of this market. The development of the market, however, may be hampered by the existence of substitute technologies that lack the specific knowledge and sequencing capacities of individual laboratories.
Data Triangulation:
Following the completion of the market size estimation process, the entire market was divided into multiple segments. Data triangulation and market breakdown procedures were used when appropriate to finish the entire market engineering process and obtain precise statistics for every segment. Through an analysis of numerous variables and patterns from the supply and demand sides, the data was triangulated.
Geographical Growth Dynamics:
Asia Pacific: The NGS sample preparation market is expanding at the quickest rate in this region.
Because of the growing emphasis on research and development (R&D), the growing use of NGS for diagnostics, and advancements in NGS data analysis technology, the Asia Pacific NGS sample preparation market is anticipated to grow at the highest compound annual growth rate (CAGR) during the forecast period.
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Key Players:
The prominent players in the NGS sample preparation market are Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Agilent Technologies, Inc. (US), Danaher (US), Becton, Dickinson and Company (US), Merck KGAA (Germany), QIAGEN (Germany), Bio-Rad Laboratories, Inc. (US), Promega Corporation (US), Eurofins Scientific (Luxembourg), BGI (China), 10x Genomics (US), Sysmex Corporation (US), Psomagen (US), Zymo Research Corporation (US), Takara Bio Inc. (Japan), Novogene Co., Ltd. (China), New England Biolabs (US), Tecan Trading AG (US), Oxford Nanopore Technologies PLC (UK), PacBio (US), Medgenome (US), and Swift Biosciences Inc. (US).
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