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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