NGS Sample Preparation Market is segmented into product (Reagent, Workstations), workflow (Library Preparation, Target Enrichment), and application (Infectious Disease, Cancer Diagnostics), technology (SMRT, Nanopore) geography (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa).
Factors like reducing cost of sequencing, accessibility of cost-efficient and innovative NGS platforms, growing applications of NGS in altered fields like drug and biomarker discovery, diagnostics, agro-genomics, and animal research, rising research activity involving sequencing, and availability of research grants have all paid to growth of this market.
Rising incidence of genetic disorders, enhancements in NGS platforms, enhancing reimbursement situation for diagnostic analyses based on NGS, increasing number of research projects in genome research, and increasing demand for nucleic acid sequencing will be mainly driving the growth of global NGS sample preparation market. But, the high cost of NGS and strict NGS-related rules in some countries may be limiting the growth of global market.
North America is the leading revenue-generating region in global NGS sample preparation market. Large share of this regional segment can primarily be recognised to the favourable creativities by government and private bodies for development and implementation of NGS technologies, wide implementation of NGS diagnostics in region, growing number of NGS-based research & clinical applications in region, rising research on cancer, growing awareness of NGS services, and presence of leading NGS service providers.
Cost of sequencing closely followed a Moore’s law routed over the years before 2008, but, introduction of NGS technologies produced costs to fall sooner than would be projected by Moore’s law. In 2003, first time the human genome was sequenced for a price of around US$ 2 billion. Well along, price of sequencing an average human genome dropped from about US$ 10 million to a few thousands in 6 years of duration (2007-2013). Auxiliary to this decreasing price trend, in January 2017, Illumina debuted a new sequencing machine, NovaSeq (NovaSeq 5000 and NovaSeq 6000), that has ability to sequence a whole genome for less than US$ 100 in fewer than 60 minutes.
Maximize Market Research has comprehensively analysed Global NGS Sample Preparation Market . The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analysed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole NGS Sample Preparation Market with utmost ease and clarity.
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