The NGS kits market is expected to reach USD 11.5 billion in 2035 anticipated to grow at a significant growth rate during the period 2022-2035.
The realm of genomic data acquisition and analysis has undergone remarkable evolution since Frederick Sanger’s introduction of gene sequencing in 1977. The advent of DNA sequencing technologies, notably the emergence of next-generation sequencing (NGS) methodologies and testing kits, has fundamentally transformed healthcare research. These advancements have facilitated swifter and more cost-effective whole genome and whole exome sequencing processes. Initially priced in the billions, the cost of sequencing an individual genome has dramatically plummeted to approximately $1,000, with forecasts predicting a further decline to $100 owing to ongoing innovations.
Despite these remarkable strides, challenges endure in nucleotide library preparation. Issues such as demanding input samples, low yield, and concerns regarding quality persist. The manual nature of this process remains time-intensive and financially burdensome. As a response, a promising solution has emerged in the form of NGS library preparation kits. These kits necessitate less input material while generating precise libraries with fewer errors. The market has witnessed the introduction of over 280 such kits, compatible with various sequencing platforms, underscoring continual innovation within the field, marked by the filing and granting of over 3,200 patents. The NGS library preparation kits market is poised for consistent growth due to the increasing demands in gene therapy and the continuous enhancements in NGS techniques.
Report Coverage
? Executive summary provides concise insights from the report about the NGS library preparation kits market, offering short, mid, and long-term perspectives.
? An introduction to genome sequencing types and details NGS procedures, advantages, applications in pharmaceuticals, and available kit components.
? Market landscape review offers a comprehensive review of the current NGS library preparation kits market, covering various aspects like nucleotide sequence, kit components, sample quantity, turnaround time, etc.
? Competitiveness analysis analyzes the competitiveness of NGS library preparation kits based on supplier power and product competitiveness.
? North American company profiles prominent NGS library preparation kit companies in North America, including their portfolios, financials, recent developments, and future outlook.
? European company profiles notable NGS library preparation kit companies in Europe.
? Asia Pacific company profiles significant NGS library preparation kit companies in the Asia Pacific region.
? Patent analysis provides an in-depth analysis of patents related to NGS library preparation kits from 2020 to 2021, covering various aspects like geographical region, focus areas, applicants, and industry players.
? Market forecast delivers a comprehensive market forecast analysis until 2035, segmenting opportunities based on nucleotide sequenced, end-users, and key geographies, supported by credible data.
? Genome sequencing evolution offers a historical perspective on genome sequencing evolution, detailing NGS technologies available till date, and profiling NGS service providers.
? Summary summarizes the report by listing key takeaways and expressing an independent opinion on the research and analysis presented in the previous chapters.
? Interview transcripts collect interview details with key stakeholders in the market, presenting the discussion held with Len Goren, General Manager of Tecan.
Key Market Companies
? Agilent Technologies
? BioDynami
? Creative Biogene
? New England Biolabs
? PerkinElmer
? Thermo Fisher Scientific