NGS Sample Preparation Market - Increasing Applications of NGS to Boost Global Revenue


Posted November 19, 2020 by mmvaidya

The study used four major activities to estimate the current market size for the NGS sample preparation market.
 
Research Methodologies Followed in This Study:

Primary Research:

The NGS Sample Preparation Techniques Market comprises several stakeholders such as NGS equipment manufacturers, vendors, and distributors, NGS sequencing services companies, research laboratories and academic institutes, healthcare institutions (hospitals and diagnostic clinics), pharmaceutical and biotechnology companies, contract manufacturing organizations (CMOs), and contract research organizations (CROs).

The demand side of this market is characterized by significant use of NGS sample preparation due to the increasing use of NGS in diagnostics and decreasing cost of NGS platforms. The supply side is characterized by advancements in NGS platforms and other products. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Secondary Research:

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Businessweek, and Factiva) were referred to in order to identify and collect information for this study.

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The diagnostics segment is estimated to grow at the highest CAGR during the forecast period

Based on application, the NGS sample preparation market is segmented into diagnostics, drug discovery, agricultural & animal research, and other applications. The diagnostics segment is estimated to grow at the highest rate during the study period owing to the growing number of new cancer cases across the globe, favorable reimbursement scenario for NGS-based tests in the US, and increasing focus of key market players on developing NGS-based products & services for cancer and NIPT.

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.

North America dominated the NGS sample preparation market in 2018

Geographically, the NGS Sample Preparation Techniques 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.

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?

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Global Leaders:

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), Becton, Dickinson and Company (BD) (US), Pacific Biosciences of California (US), PerkinElmer Inc. (US), F. Hoffmann-La Roche (Switzerland), and New England Biolabs, Inc. (US), among others.

Analysis of the developments in the NGS Sample Preparation Techniques Market from 2016 to 2018 shows that product launches; agreements, partnerships and collaborations; expansions; and acquisitions were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market positions.

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags ngs sample preparation technique , ngs sample preparation technique market , ngs sample preparation techniques , ngs sample preparation techniques market
Last Updated November 19, 2020