The growth of the life science industry is likely to play an important role in the development of the NGS sample preparation market
Albany NY, USA, May 03, 2022 (GLOBE NEWSWIRE) — The global NGS sample preparation market is expected to register growth at a CAGR of 16.2% during the forecast period from 2020 to 2030, according to a study by Transparency Market Research (TMR).
Metagenomic screening based on next-generation sequencing (NGS) has led to developments in the field of veterinary drugs. However, the lack of appropriate procedures geared specifically to veterinary needs has an impact on the NGS Sample Preparation Market negatively. Thus, the players operating in the market are focusing on the development of NGS-based protocols, which can be used in veterinary virology. Therefore, players gain solid research ground in porcine samples that are augmented with various RNA and DNA viruses.
Companies operating in the global NGS sample preparation market are adopting strategies such as acquisitions and collaborations in order to grow their businesses. Additionally, many companies are focusing on the development, regulatory approvals, and launch of innovative products that can help meet the existing demand in the NGS sample preparation market. These efforts help companies strengthen their product portfolio, thereby maintaining their leadership position in the NGS sample preparation market.
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NGS Sample Preparation Market: Key Findings
Players in the global NGS sample preparation market are focusing on automation using robotic instruments to increase production and minimize laboratory costs. These efforts are fueling the expansion of the global NGS sample preparation market. In addition to medical services, companies operating in the global NGS sample preparation market are focusing on agriculture and animal research to expand their growth opportunities.
NGS is gaining traction as the technology helps improve agricultural productivity. The technology is used to study various aspects of human health, air, gut, soil and water microbiomes. Players in the NGS sample preparation market are focusing on R&D to discover new pathological genes in animals associated with multigenic diseases. Also, NGS is gaining popularity because it can help track sources of plant diseases as well as find techniques to eradicate them.
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NGS Sample Preparation Market: Growth Boosters
Rising Number of COVID-19 Cases Worldwide Driving Sales in Global NGS Sample Preparation Market
The expansion of the life science industry globally is expected to help generate profitable prospects in the market during the forecast period
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NGS Sample Preparation Market: Regional Analysis
The Asia Pacific NGS Sample Preparation Market is predicted to gain lucrative opportunities, owing to factors such as the existence of several key companies and the rise in the utilization of varied expansion strategies by these companies in the region.
North America held the second largest NGS sample preparation market share in 2019. The NGS sample preparation market in North America is expected to grow in the coming years, owing to the presence a strong healthcare industry and advances in NGS sample preparation techniques in the region.
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NGS Sample Preparation Market: Key Players
Some of the key players profiled in the report are:
ThermoFisher Scientific, Inc.
F. Hoffmann-La Roche Ltd.
Integrated DNA Technologies, Inc.
Tecan Trading SA.
New England Biolabs
NGS Sample Preparation Market Segmentation
type of product
Hospitals and clinical diagnostic centers
Biotechnology and pharmaceutical companies
Academic and research institutes
Others (CRO, CMO, etc.)
Middle East and Africa
Modernization of healthcare in terms of infrastructure and services has pushed the healthcare industry to new heights, stay updated with Latest Health Industry Research Reports by Transparency Market Research:
DNA and RNA Sample Preparation Market: The different types of products available in the global DNA and RNA sample preparation market are kits, reagents and consumables, and workstations. Among them, the kit segment accounts for a prominent share of the market. This is because it generates most of the revenue.
Sample Preparation Market: Rising R&D spending in the life sciences, growing concerns and testing regulations regarding environmental degradation and food safety, and technological advances in sample preparation products are expected to drive the global sample preparation market over the forecast period.
Next Generation Sequencer Market: Increasing automation of pre-sequencing protocols is expected to drive the global next-generation sequencer market over the forecast period. The use of new platforms for the development of personalized medicine by medical analysis at the genetic level is another important factor that is expected to increase the demand for NGS during the forecast period.
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