NGS has emerged as an evolutionary technology in modern biotechnology and healthcare research, enabling researchers to develop a better understanding of the cause and consequences of disease. Over the past few years, several companies have started offering a diverse range of genome sequencing products and services using various second and third generation sequencing technologies. Presently, a variety NGS kits, including sample extraction kit, library preparation kit, amplification kit, purification kit and quantification kit, are available in the market. Further, NGS library preparation kits offer several benefits, such as low requirement of starting material, generation of longer RNA / DNA sequences and production of superior quality nucleotide libraries, thereby, catering to existing unmet needs of the research domain.
NGS Library Preparation Kits Market
During our research, we came across more than 280 NGS library preparation kits, that are presently available in the market. Majority (52%) of these kits require input sample of less than 5 ng. Further, close to 75% NGS library preparation kits have a turnaround time of less than 5 hours, while 22% have a turnaround time in the range of 5 hours to 10 hours.
Players Engaged in the Domain
Currently, close to 60 industry players are actively offering NGS kits for preparing DNA / RNA libraries. The market is highly fragmented, featuring the presence of both new entrants and established players, based in different geographical regions.
Strong Intellectual Property Portfolio
In the past two years, close to 3,220 patents related to NGS library preparation kits and reagents have been filed / granted, indicating the heightened pace of innovation. In addition to industry players, various academic institutes have filed multiple patents in this domain.
Likely Growth of the NGS Library Preparation Kits Market
Driven by the increasing demand for gene therapies and the introduction of novel and advanced NGS techniques, the market is poised to grow at a CAGR of 18%, during the time period 2021-2035. Currently, North America holds the largest share in the overall NGS library preparation kits market.
For more details on this emerging domain, check out the following report: