Next Generation Sequencing (NGS) Library Preparation Automation Market to be dominated by Growing Applications of NGS through 2027

Growing applications of NGS and rising investments by the governments to drive the next generation sequencing (NGS) library preparation automation market in the forecast period, 2023-2027.

According to TechSci Research report, “Next Generation Sequencing (NGS) Library Preparation Automation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global next generation sequencing (NGS) library preparation automation market is anticipated to grow at a significant rate in the forecast period, 2023-2027. The increase in prevalence of genetic diseases, rising demand of next generation sequencing and extensive research and development are the primary factors driving the demand for the global next generation sequencing (NGS) library preparation automation market. Growing technological advancements, large number of clinical trials, and rising investments on R&D activities are expected to influence the market demand. Also, the growing number of collaborations between companies to build library preparation protocols is a key factor for increasing the growth of the next generation sequencing (NGS) library preparation automation market, globally.

However, the high cost of automation workstations, the requirement of high-skilled staffs for operating automation software, and regulatory & standardization concerns in diagnostic testing may likely hamper the growth of the global next generation sequencing (NGS) library preparation automation market.  

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The global next generation sequencing (NGS) library preparation automation market is segmented into product, sequencing type, application, end user, and company.

Based on product, the market is divided into kits and consumables, and instruments. The kits and consumables segment are expected to witness the significant growth in the upcoming years. This is ascribed to the falling sequencing costs, accessibility of various library preparation kit types, and increasing use of NGS in a different sector.

Based on sequencing type, the market is divided into DNA sequencing and RNA sequencing. The DNA sequencing sub-segment is expected to hold the considerable market share. This is due to the extension of therapeutic and diagnostic uses for DNA sequencing coupled with the reducing cost of genomic sequencing.

Based on application, the market is segmented into diagnostics and scientific research. The diagnostics segment is expected to witness largest market share. This is attributed to the performing genetic profiling for precision oncology, growing adoption of NGS by diagnostic laboratories, and identifying pathogens in infectious diseases.

Based on end user, the market is divided into pharmaceutical & biotechnology companies, clinical & diagnostic laboratories, academic & research institutions, and others.  The pharmaceutical & biotechnology companies segment is expected to witness largest market share. This is attributed to the rising R&D expenditure by pharmaceutical and biotechnology firms and the growing requirement for new drug development and discovery.

Major operating companies operating in global next generation sequencing (NGS) library preparation automation market are:

• Agilent Technologies, Inc.
• BGI Group
• Aurora Biomed Inc.
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• F.Hoffmann-La Roche AG
• Eppendorf SE
• Hamilton Company
• Hologic Inc.
• Illumina Inc.
• Oxford Nanopore Technologies Limited
• PerkinElmer, Inc.
• Promega Corporation
• Takara Bio Inc.
• QIAGEN NV

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“North America region dominates the market in 2021 and is expected to maintain its dominance in the coming years due to the increasing occurrences of hereditary diseases, and heavy investments on R&D activities. The increasing number of company collaborations to develop library preparation procedures and soaring need for personalized medicines and clinical diagnosis are propelling the market growth. Also, growing government emphasis on sequencing projects in the region are expected to propel the global next generation sequencing (NGS) library preparation automation market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Next Generation Sequencing (NGS) Library Preparation Automation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product (Kits and Consumables v/s Instruments), By Sequencing Type (DNA Sequencing v/s RNA Sequencing), By Application (Diagnostics v/s Scientific Research), By End User (Pharmaceutical & Biotechnology Companies, Clinical & Diagnostic Laboratories, Academic & Research Institutions, Others), By Company and By Region”, has evaluated the future growth potential of global next generation sequencing (NGS) library preparation automation market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global next generation sequencing (NGS) library preparation automation market.

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