NGS Sample Preparation Market - Emerging Industry Dynamics


Posted December 9, 2019 by mmvaidya01

The global NGS sample preparation market is projected to reach USD 2.7 billion by 2024 from USD 1.1 billion in 2018, at a CAGR of 18.7% during the forecast period.

 
The study used four major activities to estimate the current market size for the NGS sample preparation market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

The global NGS sample preparation market is projected to reach USD 2.7 billion by 2024 from USD 1.1 billion in 2018, at a CAGR of 18.7% during the forecast period. Factors such as advancements in NGS platforms, reduced cost of sequencing, and improving reimbursement scenario for NGS-based diagnostic tests are driving the growth of this market.

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Recent Developments:

# In 2019, QIAGEN N.V. launched its QIAcube Connect
# In 2018, Thermo Fisher Scientific (US) launched its Oncomine Childhood Cancer Research Assay, a comprehensive, next-generation sequencing (NGS) panel
# In 2018, Illumina entered into an agreement to acquire Pacific Biosciences.
# In 2018, Tecan acquired NuGEN Technologies, Inc., a US-based sequencing sample prep company.

Key questions addressed in the report:

# What are the growth opportunities related to the NGS sample preparation market across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of NGS sample preparation products. Will this scenario continue in the next five years?
# What are the various NGS sample preparation product segments and their market share in the overall market?
# What are the new trends and advancements in the market?
# How will the use of NGS in diagnostics impact the overall adoption and industry of NGS sample preparation products?

North America dominated the NGS sample preparation market in 2018

Geographically, the NGS sample preparation market is segmented into North America (US and Canada), Europe (Germany, France, the UK, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), and the Rest of the World (RoW). North America accounted for the largest share of the overall NGS sample preparation market in 2018 followed by Europe. The large share of North America can be attributed to the favorable initiatives by government and private bodies for the development and adoption of NGS technologies, wide adoption of NGS diagnostics in the region, increasing number of NGS-based research & clinical applications in the region, growing research on cancer, rising awareness of NGS services, and the presence of leading NGS service providers, in the region.

Some of the prominent players in the NGS sample preparation market include Illumina Inc. (US), Thermo Fisher Scientific (US), QIAGEN N.V. (Germany), Agilent Technologies, Inc. (US), Beckman Coulter (a subsidiary of Danaher), and Becton, Dickinson and Company (BD) (US) among others.

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Issued By Makarand Vaidya
Phone 8886006441
Business Address 630 Dundee Road
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Country United States
Categories Biotech , Industry , News
Tags ngs sample preparation market
Last Updated December 9, 2019