NGS Library Preparation Market (2023-2030)
The NGS Library Preparation Market is expected to reach $6.47 billion by 2030 at a CAGR of 16% from 2023 to 2030.
- Published
- Jun 2023
- Pages
- 229
- Format
- PDF + Excel
- Report ID
- MRHC - 104633
- Base year
- 2022
- 2030 · FORECAST
- $6.47B
- 2030
- $6.47B
- CAGR 2023–2030
- 16%
2022 baseline · 2023–2030 forecast at 16% CAGR · hover a bar for the value
Key highlights
Reagents & Consumables Segment to Dominate Market
Research & Other Applications Segment to Dominate Market
Targeted Sequencing Segment to Dominate Market
Pharmaceutical & Biotechnology Companies Segment to Dominate Market
Asia-Pacific: The Fastest-growing Regional Market
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 6.47 billion |
| CAGR (2023–2030) | 16% |
| Format | PDF, Excel & Cloud Portal · 229 pages |
| Segments Covered | By Product: Reagents & Consumables DNA Library Preparation, RNA Library Preparation · By Application: Research and Other Applications Drug Discovery, Agriculture & Animal Research, Reproductive Health, Oncology, Infectious Disease, Other Clinical Applications · By Sequencing Type: Targeted Genome Sequencing, Whole Genome Sequencing, Whole Exome Sequencing · By End User: Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Academic Institutes & Research Centres, Others End Users |
| Countries Covered | Europe (RoE), Asia-Pacific (RoAPAC) |
| Key Companies | Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), QIAGEN N.V., Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Pacific Biosciences of California, Inc. (U.S.), PerkinElmer Inc. (U.S.), F. Hoffmann-La Roche AG, New England Biolabs, Inc. (U.S.), Tecan Group Ltd., Merck KGaA, Beijing Genomics Institute (BGI) |
Report overview
Segments covered: product, application, sequencing type, end user. Regions: Europe, Asia-Pacific.
The typical NGS workflow involves several steps, including sample pre-processing, library preparation, sequencing, and bioinformatics. Library preparation is a crucial step in NGS workflow and involves preparing DNA or RNA samples to be compatible with a sequencer. It includes processes such as nucleic acid fragmentation, adapter ligation, and library quantitation. Numerous vendors offer a variety of NGS library preparation solutions for NGS analysis.
The growth of this market is driven by the declining costs of sequencing, the increasing prevalence of cancer and genetic disorders, the growing utilization of NGS in disease diagnostics and precision medicine, and rising R&D investments and healthcare expenditures. In addition, the increasing applications of next-generation sequencing technology and collaborations between vendors to develop automated library preparation protocols are expected to provide significant market growth opportunities.
However, the availability of alternative technologies and the low chances of identifying positive actionable mutations for precision medicine is expected to hinder the growth of this market to a certain extent. In addition, factors such as the regulatory and standardization concerns in diagnostic testing and the limited expertise and sequencing capabilities of small & mid-sized laboratories are the major challenges for the growth of this market.
Next-generation sequencing (NGS) is a massively parallel sequencing technology that offers ultra-high throughput, scalability, and speed. This technology is ideal for monitoring the COVID-19 virus and identifying new mutations. The SARS-CoV-2 virus mutated over time, resulting in genetic variation in the population of circulating viral strains. The NGS technology has been successful in identifying the emerging new strains of the virus and helped healthcare institutions take appropriate actions.
The outbreak of the COVID-19 pandemic positively impacted the NGS library preparation market by increasing the adoption of NGS for various applications, including epidemiology, metagenomic analysis, and diagnostics. Furthermore, various companies started developing and launching new NGS-based diagnostic tests to detect the virus. For instance, in April 2021, QIAGEN N.V. (Germany) launched its QIAseq DIRECT SARS-CoV-2 Kit, a viral genome enrichment and library preparation solution for sequencing the SARS-CoV-2 genome. Similarly, in March 2020, Fulgent Genetics, Inc. (U.S.) launched a COVID-19 diagnostic test based on NGS technology.
In the coming years, NGS is expected to play an important role in epidemiological research to distinguish between COVID-19, influenza, and other viruses. These factors are expected to drive the demand for NGS technology, subsequently boosting the growth of the NGS library preparation market.
Report infographic
Table of contents
12 chapters · 108 sections · 229 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Product | Reagents & Consumables | — |
| By Application | Research & Other Applications | — |
| By Sequencing Type | Targeted Sequencing | — |
| By End User | Pharmaceutical & Biotechnology Companies | — |
By Product
- Reagents & Consumables Segment to Dominate Market
- The reagents & consumables 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 factors such as the increasing launches of library preparation kits, the high demand for NGS in clinical diagnostics and drug discovery, and the recurring purchase of reagents and kits.
By Application
- Research & Other Applications Segment to Dominate Market
- The research & other applications 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 factors such as increasing utilization of NGS for identifying novel drug targets and developing therapeutic techniques that target specific genes, growing investments in drug research and development activities, and increasing research programs for personalized medicines.
By Sequencing Type
- Targeted Sequencing Segment to Dominate Market
- The tareted 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 factors such as the high adoption of targeted genome sequencing for understanding specific mutations, especially in oncology and research, and its cost-effectiveness.
By End User
- Pharmaceutical & Biotechnology Companies Segment to Dominate Market
- The pharmaceutical & biotechnology companies 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 factors such as the increasing applications of NGS in medicine, the growing demand for new drug discoveries and development, increasing number of large-scale genome projects and drug development programs.
Geographic analysis
Asia-Pacific
Fastest growthAsia-Pacific is slated to record the fastest growth rate in the NGS library preparation market during the forecast period. The high market growth in Asia-Pacific is driven by the healthcare infrastructure advancements in the region, the increasing government focus on sequencing projects, the increasing prevalence of various chronic & infectious diseases, a large number of patients with gene-associated disorders, and the rising research activities for the development of personalized medicines. Asia-Pacific: The Fastest-growing Regional Market
Competitive landscape
- Illumina, Inc. (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- QIAGEN N.V. · Germany
- Agilent Technologies, Inc. (U.S.)
- Danaher Corporation (U.S.)
- Pacific Biosciences of California, Inc. (U.S.)
- PerkinElmer Inc. (U.S.)
- F. Hoffmann-La Roche AG · Switzerland
- New England Biolabs, Inc. (U.S.)
- Tecan Group Ltd. · Switzerland
- Merck KGaA · Germany
- Beijing Genomics Institute (BGI) · China
Frequently asked questions
This market study covers the market sizes & forecasts of the NGS library preparation market based on product, application, sequencing type, end user, and geography. This market study also provides the value analysis of various segments and subsegments of the NGS library preparation market at the regional and country levels.
Cite this report
Meticulous Research. (2023). NGS Library Preparation Market- Global Opportunity Analysis And Industry Forecast (2023-2030) (Report No. MRHC - 104633). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/ngs-library-preparation-market-5319