Reports >
Life Sciences
>
Ngs Library Preparation Market Report
Ngs Library Preparation Market Size, Share, Industry Trends and Forecast to 2033
This report delves into the NGS library preparation market, offering insights into market dynamics, segmentation, and forecasts from 2023 to 2033, including regional analyses and industry trends.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.50 Billion |
| CAGR (2023-2033) | 10.2% |
| 2033 Market Size | $6.84 Billion |
| Top Companies | Illumina, Inc., Thermo Fisher Scientific, Inc., Qiagen N.V., New England Biolabs (NEB) |
| Last Modified Date | 15 Nov 2024 |
Ngs Library Preparation Market Report (2023 - 2033)
Ngs Library Preparation Market Overview
What is the Market Size & CAGR of the Ngs Library Preparation market in 2023?
Ngs Library Preparation Industry Analysis
Ngs Library Preparation Market Segmentation and Scope
Request a custom research report for industry.
Ngs Library Preparation Market Analysis Report by Region
Europe Ngs Library Preparation Market Report:
Europe is poised for strong growth, with the market size increasing from USD 0.72 billion in 2023 to USD 1.96 billion by 2033. Initiatives promoting personalized medicine and advanced diagnostics, supported by government financing in research, will enhance this growth across member countries.Asia Pacific Ngs Library Preparation Market Report:
In the Asia Pacific region, the NGS library preparation market is anticipated to grow from USD 0.49 billion in 2023 to USD 1.33 billion by 2033. The growth is driven by increasing investments in genomics research and healthcare infrastructure, as well as a rising prevalence of genetic disorders that necessitate advanced screening methods.North America Ngs Library Preparation Market Report:
The North American market is predicted to grow significantly, reaching USD 2.51 billion by 2033 from USD 0.92 billion in 2023, driven by high demand for genetic testing and extensive research funding in the United States, particularly in genome-based drug development.South America Ngs Library Preparation Market Report:
The South American NGS market is expected to expand from USD 0.12 billion in 2023 to USD 0.33 billion by 2033. This growth can be attributed to improving healthcare access and a surge in research activities focused on genomics, although it remains the smallest market compared to other regions.Middle East & Africa Ngs Library Preparation Market Report:
In the Middle East and Africa region, the market is expected to grow from USD 0.26 billion in 2023 to USD 0.71 billion by 2033. Increased research activities, along with collaborations between health sectors and academic institutions focused on genomic research, are key drivers for market expansion in this region.Request a custom research report for industry.
Ngs Library Preparation Market Analysis By Product Type
Global NGS Library Preparation Market, By Product Type Market Analysis (2023 - 2033)
Library preparation kits dominate the market with a projected growth from USD 1.66 billion in 2023 to USD 4.55 billion by 2033, representing 66.48% of the market share. Consumables and instruments follow in significance but with lower market shares of 28.96% and 4.56%, respectively. The growing number of research initiatives globally predicates a robust demand for consumables in the NGS setup.
Ngs Library Preparation Market Analysis By Application
Global NGS Library Preparation Market, By Application Market Analysis (2023 - 2033)
Clinical diagnostics is a major application area, anticipated to record a substantial growth from USD 1.18 billion in 2023 to USD 3.24 billion by 2033 with a consistent share of 47.37%. Other applications such as genomic research and drug discovery are also significant, reflecting a growing interest in non-clinical genomic applications.
Ngs Library Preparation Market Analysis By End User
Global NGS Library Preparation Market, By End-User Market Analysis (2023 - 2033)
Hospitals remain the leading end-user segment, showing a market increase from USD 1.18 billion in 2023 to USD 3.24 billion by 2033, maintaining a 47.37% share. Research institutes and pharmaceutical companies also offer considerable insights, collectively driving growth through innovative research and development initiatives.
Ngs Library Preparation Market Analysis By Technology
Global NGS Library Preparation Market, By Technology Market Analysis (2023 - 2033)
Different technologies such as PCR, target capture, and amplification are core components of library preparation strategies. Notably, PCR is expected to capture a significant market share, with estimates growing from USD 1.38 billion in 2023 to USD 3.78 billion by 2033, accounting for 55.29% of the market.
Ngs Library Preparation Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Ngs Library Preparation Industry
Illumina, Inc.:
Illumina is a prominent player in the NGS market, specialized in product development for sequencing solutions, library preparation kits, and innovation in next-generation sequencing technologies.Thermo Fisher Scientific, Inc.:
Thermo Fisher is a leader in biotechnology products and services, providing a robust portfolio of library preparation solutions that cater to the needs of genomics research and diagnostics.Qiagen N.V.:
Qiagen offers innovative sample and assay technologies, including comprehensive solutions for NGS library preparation, which strengthen its position in the molecular diagnostics segment.New England Biolabs (NEB):
NEB is known for its high-quality enzymes and reagents that support library preparation and sequencing technologies, facilitating genomic applications across various fields.We're grateful to work with incredible clients.
