NGS Kits Market Growth

NGS Kits Market Growth is Anticipated at CAGR of 18.4%, Driven by Advances in the Field of Genomics | Roots Analysis

Global NGS Kits Market Overview

The NGS Kits Market is expected to reach USD 11.5 billion by 2035. It is anticipated to grow at a compounded annual growth rate (CAGR) of 18.4% during the forecast period.

NGS library preparation kit providers are constantly innovating their products to construct high-quality and efficient nucleotide libraries; the ongoing efforts are to bring a paradigm shift in biomarker research, cancer therapy, diagnostics and personalized medicine.

Despite the recent advances in the field of genomics, the nucleotide library preparation process is still associated with several challenges, including requirement of large amounts of starting materials, time-consuming steps, low volume of yield and concerns related to the quality of product. Presently, a number of players are offering products that are capable of mitigating the aforementioned challenges.

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Key Market Insights 

More than 280 NGS library preparation kits are currently available in the market

Presently, 73% of the NGS library preparation kits sequence DNA libraries, while 26% sequence RNA libraries. It is important to highlight that majority (52%) of the kits require input samples of less than 5 ng, followed by kits requiring input samples in the range of 5 ng to 10 ng (27%) and more than 10 ng (21%).

Over 55 companies, across the world, claim to offer NGS library preparation kits 

Majority of the firms (36%) engaged in this domain are small players, followed by mid-sized and very large companies (30% each). Around 45% of the stakeholders were established before 2001. Further, 63% players are based in North America; within this region, the US emerged as a most prominent hub.

3,200+ patents related to NGS library preparation kits have been granted / filed in 2020 and 2021

R&D activity related to NGS kits is largely concentrated in North America, considering the fact that 50% of the total number of patents were filed in this region. In addition, most of the patents in this domain are patent applications (90%), followed by granted patents (9%).

North America and Europe are anticipated to capture ~75% of the market share by 2035

The current market is driven by sales of DNA library preparation kits (75%), however, in the coming few years, this trend is likely to change owing to the increased demand for RNA therapeutics. Further, hospitals and clinics presently capture 45% of the overall market share (in terms of sales revenues).

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Key Questions Answered

• Who are the key players engaged in offering NGS library preparation kits?
• What is the relative competitiveness of different NGS library preparation kits?
• How is the intellectual property landscape for next generation sequencing kits likely to evolve in the foreseen future?
• What are the factors that are likely to influence the evolution of this market?
• How is the current and future market opportunity likely to be distributed across key segments?

The financial opportunity within the NGS library preparation kits market has been analyzed across the following segments:

• Type of Nucleotide Sequenced 
• DNA
• RNA
• Type of End User
• Academic and Research Institutes
• Pharmaceutical and Biotechnology Companies
• Hospitals and Clinics
• Others
• Key Geographical Regions 
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and North Africa
• Rest of the World 

Key Companies Profiled

The research includes profiles of key players (listed below); each profile features a brief overview of the company, its financial performance (if available), recent developments and an informed future outlook.

• Abcam
• Agilent Technologies
• BioDynami
• Creative Biogene
• Devyser
• Diagenode
• Enzynomics
• Lexogen
• MGI
• New England Biolabs
• PerkinElmer
• Roche
• Takara Bio
• Tecan
• Thermo Fisher Scientific
• TIANGEN Biotech
• TransGen Biotech
• Vazyme

About Roots Analysis

Roots Analysis is a global leader in market research, competitive intelligence and consulting services. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists, and strategic investors for over a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serving our clients in the best possible way.

Contact Details

Gaurav Chaudhary
Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com
Website: https://www.rootsanalysis.com