In-Depth Insights into the Sample Preparation Products For Next Generation Sequencing Market: Growth, Trends, and Opportunities for 2025-2034
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How has the sample preparation products for next generation sequencing market size evolved in recent years?
The market size for sample preparation products used in next-generation sequencing has seen a significant increase in the past few years. The market size, which will rise from $36.87 billion in 2024 to $42.52 billion in 2025, will exhibit a compound annual growth rate (CAGR) of 15.3%. Several factors contribute to this growth during the previous period, including the early advancements in sequencing technologies, investments by sectors in genomics and personalized medicine, a steep decline in sequencing costs, the increased interest in unraveling genetic factors, and strategic partnerships among technology providers.
What are the predictions for the sample preparation products for next generation sequencing market size in the coming years?
The market size for next generation sequencing sample preparation products is projected to witness a swift expansion in the coming years. The market is expected to rise to $74.49 billion by 2029, with a compound annual growth rate (CAGR) of 15.0%. The surge during this forecasted period can be credited to the increasing demand for more precise and holistic NGS solutions, improved data analysis capabilities, and emerging applications in fields including oncology. In addition, standards and approvals for clinical usage of NGS, along with innovations in sequencing technology, have a significant effect on this boom. The forecasted period is likely to see key trends such as automated and high-throughput sample preparation procedures, protocols for sample preparation and maintaining high quality, groundbreaking sequencing technologies, nanopore sequencing acceptance, and triggering innovation in sample preparation product creation.
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What key factors are fueling the growth of the sample preparation products for next generation sequencing market?
The growth of the sample preparation products for next-generation sequencing market is being fuelled by the escalating necessity for precision medicine. Precision medicine – also referred to as personalized medicine – is a healthcare approach that customizes therapies and healthcare strategies to individual patients, considering their unique genetic, lifestyle, and environmental factors. Chronic diseases like cancer, cardiovascular disorders, and diabetes are on the rise, thereby surging the demand for precision medicine. Sample preparation products for NGS play a critical role in advancing precision medicine, as they allow the correct and efficient analysis of genetic data, which is vital for creating targeted therapies and enhancing patient outcomes in personalized healthcare. For example, the Personalized Medicine Coalition, a non-profit organization based in the US, reported that the FDA approved 16 new personalized therapies for patients with rare diseases in 2023, a significant increase from the six approved in 2022. Hence, the growing demand for precision medicine is stimulating the expansion of the sample preparation products for next-generation market.
How is the global sample preparation products for next generation sequencing market divided into key segments?
The sample preparation products for next generation sequencing market covered in this report is segmented –
1) By Type: Deoxyribonucleic Acid (DNA) Extraction Purification And Isolation Products, Ribonucleic Acid (RNA) Extraction Purification And Isolation Products, Panels Exome Kits And Other Target Enrichment Products, Deoxyribonucleic Acid (DNA) Library Construction Or Preparation Products, Ribonucleic Acid (RNA)-sequencing (Seq) Transcriptome And Gene Expression Products, Small Ribonucleic Acid (RNA) Next Generation Sequencing Sample Preparation Products
2) By Therapeutic Area: Oncology, Infectious Diseases, Human Genetics Or Population Genetics
3) By Application: Biotechnology, Medical, Pharmaceutical, Other Applications
Subsegments:
1) By Deoxyribonucleic Acid (DNA) Extraction Purification and Isolation Products: DNA Extraction Kits, DNA Purification Reagents, Isolation Columns and Magnetic Beads
2) By Ribonucleic Acid (RNA) Extraction Purification and Isolation Products: RNA Extraction Kits, RNA Purification Reagents, Isolation Columns and Magnetic Beads
3) By Panels, Exome Kits, and Other Target Enrichment Products: Exome Enrichment Kits, Targeted Panels for Specific Genes, Custom Enrichment Solutions
4) By Deoxyribonucleic Acid (DNA) Library Construction or Preparation Products: DNA Library Preparation Kits, Fragmentation and End Repair Kits, Adapter Ligation Kits
5) By Ribonucleic Acid (RNA)-Sequencing (Seq) Transcriptome and Gene Expression Products: RNA-Seq Library Preparation Kits, Quantification Reagents for RNA-Seq, Transcriptome Analysis Tools
6) By Small Ribonucleic Acid (RNA) Next Generation Sequencing Sample Preparation Products: Small RNA Library Preparation Kits, miRNA Extraction and Quantification Products, Small RNA Enrichment Kits
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Who are the key firms paving the way for growth in the sample preparation products for next generation sequencing market?
Major companies operating in the sample preparation products for next generation sequencing market are Merck & Co. Inc., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche AG, Eurofins Scientific SE, Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Beckman Coulter Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Eppendorf AG, Promega Corporation, Oxford Nanopore Technologies Ltd, Takara Bio Inc, New England Biolabs, Fluidigm Corporation, Pacific Biosciences of California Inc., Analytik Jena AG, SeraCare Life Sciences, Diagenode Inc., Zymo Research Corporation, Nugen Technologies Inc., Swift Biosciences Inc., Tecan Group Ltd.
Which trends are expected to transform the sample preparation products for next generation sequencing market?
Leading firms in the sample preparation products market for next-generation sequencing (NGS) are driving innovation, such as the development of NGS, to secure their competitive positioning in the sector. NGS represents a groundbreaking approach to identifying the sequences of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA), making it possible to analyze genetic variation and investigate biological phenomena. As an example, in July 2023, QIAGEN N.V., a German company focusing on sample and assay technologies, launched QIAseq Normalizer Kits. These kits deliver researchers a quick, straightforward, and cost-effective solution for pooling DNA libraries, guaranteeing superior results in NGS runs. The kits are harmonious with QIAGEN’s QIAseq library preparation procedures and other DNA/RNA preparation workflows for Illumina platforms.
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What regions are contributing significantly to the growth of the sample preparation products for next generation sequencing market?
North America was the largest region in the sample preparation products for next generation sequencing (NGS) market in 2024. The regions covered in the sample preparation products for next generation sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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