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NGS Sample Preparation Market - Emerging Trends To Boost Global Revenue

Dec. 10, 2021 9:04 AM ET
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  • Advancements in NGS Platforms.
  • Declining Cost of Sequencing.
  • Improving Reimbursement Scenario for NGS-Based Diagnostic Tests.

Report Objectives:

# To define, describe, and forecast the Global NGS Sample Preparation Market based on product, application, end user, and region.

# To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges) along with the current trends.

# To strategically analyze micromarkets with respect to their individual growth trends, future prospects, and contributions to the total market.

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders.

# To forecast revenue of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).

# To profile the key players and comprehensively analyze their market shares and core competencies.

# To track and analyze competitive developments such as product launches; agreements, partnerships, and collaborations; and mergers & acquisitions; in the NGS sample preparation market.

Overview of This Study:

The study used four major activities to estimate the current market size for the NGS sample preparation market. Exhaustive secondary research was done to collect information on the market and its different subsegments.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

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Expected Revenue Growth:

The global NGS sample preparation market is projected to reach USD 2.7 billion by 2024 from USD 1.1 billion in 2018, at a CAGR of 18.7% during the forecast period.

Research Methodologies Followed:

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.

Primary Research:

The NGS sample preparation 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.

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