Next-Generation Sequencing Library Preparation Market Expected to Reach US$ 4,787.38 Million by 2032, Growing at a CAGR of 12.8%

Market Overview:

The global next-generation sequencing library preparation market size is expected to reach USD 4,787.38 million by 2032, exhibiting a CAGR of 12.8% during forecast period.

Next-gen sequencing (NGS) allows simultaneous sequencing of numerous small DNA fragments at minimal cost per base in a brief timeframe. It offers details on the makeup of intricate DNA samples and is utilized in nearly all genomic procedures. The initial stage of next-generation sequencing involves library preparation, where nucleic acid material is transformed into standard libraries suitable for sequencing instrument loading. During a standard NGS library preparation procedure, DNA is fragmented, and specific adapters are added to each end to create libraries.

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Drivers and Opportunities:

• The use of advanced robotic systems and automated liquid handling technologies in laboratories enables the processing of multiple samples simultaneously, increasing productivity and throughput. The rising demand for cost-effective sequencing services and scalable solutions for handling the growing volume of genomic data is driving this trend.
• The increasing emphasis on tailoring treatments to specific genetic profiles and the need for novel drug targets is driving the expansion of NGS library preparation in personalized medicine and drug discovery.

Top Companies:

Because there are so many companies in the market, it is expected to be both competitive and fragmented. Here are the top companies in the next-generation sequencing library preparation market:

• Illumina

• Thermo Fisher Scientific

• Agilent Technologies

• Roche

• QIAGEN

• Bio-Rad Laboratories

• Beckman Coulter

• Pacific Biosciences

• Oxford Nanopore Technologies

• Hamilton Company

• Fluidigm Corporation

• 10x Genomics

• Genomatix Software

• Dovetail Genomics

• Array Technologies

Country-Wise Insights: 

According to regional analysis, North America leads the global NGS library preparation market because of its advanced healthcare system, substantial research funding, and prominent biotechnology and pharmaceutical companies.

Also, Asia Pacific market NGS library preparation market is quickly growing as a result of increased funding for genomics research, higher healthcare expenditures, and a greater focus on personalized medicine.

Next-Generation Sequencing Library Preparation Market, Regional Outlook (Revenue – USD Million, 2019-2032)

• North America
  • Sequencing Type Outlook
    • Targeted Genome Sequencing
    • Whole Genome Sequencing
  • Application Outlook
    • Drug & Biomarker Discovery
    • Disease Diagnostics
    • Others
  • End User Outlook
    • Hospitals and Clinics
    • Academic and Research Institutions
    • Pharmaceutical and Biotechnology Companies
    • Others
  • Product Outlook
    • Reagents & Consumables
    • Instruments
• Europe
  • Sequencing Type Outlook
    • Targeted Genome Sequencing
    • Whole Genome Sequencing
  • Application Outlook
    • Drug & Biomarker Discovery
    • Disease Diagnostics
    • Others
  • End User Outlook
    • Hospitals and Clinics
    • Academic and Research Institutions
    • Pharmaceutical and Biotechnology Companies
    • Others
  • Product Outlook
    • Reagents & Consumables
    • Instruments
• Asia Pacific
  • Sequencing Type Outlook
    • Targeted Genome Sequencing
    • Whole Genome Sequencing
  • Application Outlook
    • Drug & Biomarker Discovery
    • Disease Diagnostics
    • Others
  • End User Outlook
    • Hospitals and Clinics
    • Academic and Research Institutions
    • Pharmaceutical and Biotechnology Companies
    • Others
  • Product Outlook
    • Reagents & Consumables
    • Instruments

Latin America

• • Sequencing Type Outlook
    • Targeted Genome Sequencing
    • Whole Genome Sequencing
  • Application Outlook
    • Drug & Biomarker Discovery
    • Disease Diagnostics
    • Others
  • End User Outlook
    • Hospitals and Clinics
    • Academic and Research Institutions
    • Pharmaceutical and Biotechnology Companies
    • Others
  • Product Outlook
    • Reagents & Consumables
    • Instruments

Next-Generation Sequencing Library Preparation Industry Developments:

• June 2024: Thermo Fisher Scientific Introduces Ion GeneStudio S5 System
  Thermo Fisher Scientific launched the Ion GeneStudio S5 System, enhancing accessibility and efficiency in sequencing for applications spanning basic research to clinical diagnostics. The system aims to streamline library preparation processes, enabling broader adoption of next-generation sequencing technologies.
• September 2023: Illumina Completes Acquisition of GRAIL
  Illumina finalized its acquisition of GRAIL, a leader in early cancer detection through advanced genomic technologies. This strategic move is expected to bolster Illumina’s capabilities in personalized medicine and genomic diagnostics, expanding its presence in the next-generation sequencing and precision health market.

The next-generation sequencing (NGS) library preparation market involves the development of technologies and tools for preparing DNA or RNA samples for sequencing. This process is crucial for generating accurate and high-quality data in genomics research and clinical diagnostics. The market is experiencing significant growth due to advancements in genomic research and an increasing demand for personalized medicine. The expanding applications of NGS in oncology, rare disease diagnostics, and drug discovery and rising technological innovations such as the development of more efficient and cost-effective library preparation kits boost the market growth.