NGS Sample Preparation Market

Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US) and PerkinElmer Inc. (US) are Leading Players in the NGS Sample Preparation Market

The NGS Sample Preparation Market is projected to reach USD 4.0 billion by 2028 from USD 1.9 billion in 2022, at a CAGR of 13.4% during the forecast period. The key factors driving the growth of the global NGS sample preparation market are the increasing application in diagnostics and genetic research, and development of NGS data analysis solutions. However, the stringent regulatory policies are expected to restrain market growth to a certain extent.

The market for NGS sample preparation is highly consolidated, with key players strategizing to capture majority of the market. Prominent players in the market are Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Agilent Technologies, Inc. (US), Danaher (US), Becton, Dickinson and Company (US), Merck KGAA (Germany), QIAGEN (Germany),  Bio-Rad Laboratories, Inc. (US), Promega Corporation (US), Eurofins Scientific (Luxembourg), BGI (China), 10x Genomics (US), and Sysmex Corporation (US).

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Illumina, Inc. (US)

Illumina dominates the NGS sample preparation market with its technologically advanced platforms and associated NGS products. The company’s product portfolio includes a wide range of highly interconnected products, including sequencing, genotyping, gene expression, and molecular diagnostic products. The company also offers NGS services, which further strengthens its position in the market.

Over the past three years, Illumina announced strategic inorganic growth strategies to co-develop advanced technologies, strengthen its research and commercialization capabilities, and position in the NGS sample preparation market. To maintain its market competition, the company invests a significant amount of its revenue in R&D expenditure. In 2021, Illumina invested 1,185 million in R&D.

With its strong product portfolio, product innovation, and wide geographic presence, the company is expected to grow at a high rate in the NGS sample preparation market during the forecast period.

Thermo Fisher Scientific Inc. (US)

Thermo Fisher Scientific offers an extensive range of products, including analytical instruments, equipment, reagents & consumables, software & services for research, analysis, discovery, and diagnostics. In addition to a robust product portfolio of NGS sample preparation, the company has a substantial geographic presence. The company announced the acquisition of clinical research services provider PPD in a deal valued at $17.4 billion in cash, assuming a net debt of nearly $3 billion. With the addition of PPD, Thermo Fisher will offer a comprehensive suite of world-class services across the clinical development spectrum−scientific discovery, assessing safety, efficacy, and health care outcomes, managing clinical trial logistics, and developing and manufacturing the drug product.

With its strong product portfolio, continuous R&D, and wide geographic reach, the company is expected to grow in the NGS sample preparation market.

PerkinElmer Inc. (US)

PerkinElmer holds a significant share of the NGS sample preparation market. The aim to cater to the growing demand for NGS consumables across the globe, the company has focused its efforts on R&D to improve its existing NGS products. In 2022, PerkinElmer announced the launch of the research use-only (RUO) BioQule NGS System – an automated benchtop solution for next-generation sequencing (NGS) library preparation of up to eight samples. The company also focuses on growth strategies, such as acquisitions, agreements, collaborations, product launches, and partnerships. Thus, with a strong customer base and product portfolio for NGS sample preparation and corporate strategies, the company is expected to witness growth in the NGS market in the coming years.

Related Reports:

NGS Sample Preparation Market by Product (Reagents & Consumables, Workstations), Workflow (Library Prep, Target Enrichment), Sample Type (DNA), Application (Diagnostics, Drug Discovery), Method (Microfluidic, Automated), End User- Global Forecast to 2028

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NGS Sample Preparation Market Size,  Share & Growth Report
Report Code
BT 7081
RI Published ON
3/6/2023
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