PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635098
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635098
The global next-generation sequencing (NGS) sample preparation market is projected to grow from $2,375.0 million in 2024 to $5,592.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 15.5% during the forecast period.
This growth is primarily driven by technological advancements in NGS platforms, the rising prevalence of genetic disorders, and an increasing demand for direct-to-consumer genetic testing. Additionally, the surging incidence of infectious diseases further enhances market expansion.
Key Insights
The consumables category holds the largest revenue share, accounting for 55% of the market in 2024. This is attributed to the increasing demand for testing and related components in DNA, RNA, and whole-genome sequencing.
The library preparation segment leads the workflow category, expected to maintain its dominance during the forecast period. This is due to the critical role of library preparation in ensuring accurate and efficient sequencing results.
Oncology remains a significant usage area for NGS sample preparation, with applications in cancer diagnosis, treatment selection, and monitoring. The increasing prevalence of cancer globally drives the demand for NGS technologies in oncology.
North America holds the largest share of the NGS sample preparation market, attributed to the high adoption rate of sequencing technologies and substantial investments in research and development. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth, driven by an increase in NGS-based research and clinical applications, along with favorable government and private initiatives supporting the development and adoption of NGS technologies.
The market is characterized by a consolidated landscape, with key players focusing on strategic partnerships, mergers, and acquisitions to enhance their product portfolios and expand their market presence. For instance, in March 2021, Integrated DNA Technologies Inc. acquired Swift Biosciences Inc. to expand its library preparation and enrichment products portfolio.
Technological advancements, such as the development of automated workstations, are enhancing the efficiency and accuracy of NGS sample preparation. Automated systems can prepare up to 10 times more samples than manual workflows, meeting the growing demand for high-throughput sequencing.
The increasing prevalence of infectious diseases has highlighted the importance of NGS in pathogen detection and surveillance. NGS technologies enable comprehensive analysis of infectious agents, supporting public health initiatives and outbreak management.