NGS Sample Preparation Market Insights, Leading Players and Demand Forecast to 2030

Posted by Aryan on September 26th, 2023

The NGS sample preparation market will reach to USD 5,501.2 million by 2030, powering at a rate of 14.7% in the years to come. This is because of the tech-progressions in NGS platforms, the increase in the occurrence of genetic ailments, and the rise in requirement for direct-to-consumer genetic testing, as stated by P&S Intelligence.

Furthermore, the increasing incidence of communicable diseases also improves the growth of the industry.

The consumables category had the largest share, of more than 50% in the past, and it will be like this in the years to come. The high share of consumables is credited to the growing requirement for testing and related components and equipment, along with increasing applicable research in RNA, DNA, and whole genome sequencing.

Low-volume microplates, storage plates kits, pipettes, reagents, and other components are some of the indispensable consumables involved in the preparation of sample.

For the analysis of genetic ailments, NGS is extensively used. The growing use of NGS in diagnostic labs has enhanced the accurateness and constancy of genetic diagnosis.

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Prenatal diagnosis and predictive genetic testing are using cutting-edge genetic diagnostic procedures. The steadiness and efficiency of diagnostic screening tests are becoming more vital as people suffering from more than a few genetic ailments increases.

For efficiently screening a genetic disease, faster fallouts with negligible errors are vital. The reliability and output of sample preparation for genomic sequencing will be improved with the automatic NGS sample preparation.

The library preparation dominated the industry and it will be like this in the years to come, with a proceeds of about USD 1.5 billion by 2030.

This is because of the increasing prevalence of oncology medical conditions and increasing focus on research procedures.

Also, recent progressions in library preparation sequencing kits have formed new possibilities for sample sequencing at notable levels of coverage. Library preparation, supported by tech-advancement, is proficient of sequencing nucleic acids and has a greater sensitivity than other conformist technologies.

North America led the NGS sample preparation market, and it will grow significantly, at a rate of around 15%. This has a lot to do with the high acceptance rate of sequencing technologies and NGS sample preparation sequencing solutions.

Also, the surge in the count of NGS-based research and clinical uses and the auspicious initiatives taken by the private and government bodies for the growth and acceptance of NGS technologies help drive the industry.

APAC will grow the fastest in the future. This can be credited to the surge in medical research, heightened consciousness of these solutions, and the existence of protruding service providers.

It is because of the growth for D2C genetic testing industry, the demand for NGS sample preparation will continue to grow in the future.