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.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the NGS sample preparation market. These methods were also used extensively to estimate the size of various sub segments in the market.

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The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.

# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research.

# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Report Objectives:

# To define, describe, and forecast the 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

Factors Influencing Global Growth:-

Factors such as advancements in NGS platforms, reduced cost of sequencing, and improving reimbursement scenario for NGS-based diagnostic tests are driving the growth of this market.

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Restraints:
# End User Budget Constraints in Developing Countries

Opportunities:
# Initiatives and Funding From Government & Private Bodies for Large-Scale Sequencing Projects
# Increasing Applications of NGS

Challenges:
# Ethical Issues

Monetary Growth Expectations, Globally:

According to the Research Study conducted by MarketsandMarkets™: 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.

Geographical Growth Scenario:

Geographically, the NGS sample preparation market is segmented into North America (US and Canada), Europe (Germany, France, the UK, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), and the Rest of the World (RoW). North America accounted for the largest share of the overall NGS sample preparation market in 2018 followed by Europe.

The large share of North America can be attributed to the favorable initiatives by government and private bodies for the development and adoption of NGS technologies, wide adoption of NGS diagnostics in the region, increasing number of NGS-based research & clinical applications in the region, growing research on cancer, rising awareness of NGS services, and the presence of leading NGS service providers, in the region.

Leading Market Players:

# Illumina Inc. (US)
# Thermo Fisher Scientific (US)
# QIAGEN N.V. (Germany)
# Agilent Technologies, Inc. (US) and many more…

Analysis of the developments in the NGS sample preparation market from 2016 to 2018 shows that product launches; agreements, partnerships and collaborations; expansions; and acquisitions were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market positions.

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Objectives of this Study

# To define and measure the global sample preparation market with respect to products, applications, end users and regions

# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

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

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

# To forecast the size of the market with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World

# To strategically analyze the market structure and profile the key players of the global market and comprehensively analyze their core competencies

# To track and analyze competitive developments such as product deployments, agreements, collaborations, and partnerships; new product launches, product enhancements; expansions; acquisitions; and others (such as investments, and marketing and promotions) in the sample preparation market

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Target Audience for This Study:

# Sample preparation instruments, consumables, accessories, and related products manufacturing companies

# Suppliers and distributors of sample preparation instruments, consumables, and accessories

# Research institutes and academic centers

# Pharmaceutical and biopharmaceutical companies

# Biotechnology companies

# Molecular diagnostic companies

# Food and beverage analysis companies

# Business research and consulting service providers

# Environmental testing organizations

# Government departments and agencies

# Venture capitalists

Factors Influencing Global Growth:-

A number of factors such as the shift from manual to automated sample preparation, increasing research in the field of genomics, increase in laboratory and R&D spending, global alliances among leading research institutes to boost drug discovery, increasing need for food analysis due to safety concerns, and rising adoption of modern extraction techniques are expected to drive the growth of the sample preparation market during the forecast period.

Restraints:

# High Costs of Workstations Restrict Purchase

# Difficulty in Developing ‘One-Size-Fit-All’ Sample Preparation Kits

Opportunities:

# Growing Proteomics Market

# Personalized Medicine to Fuel the Demand For Sample Preparation Solutions

# Increased Government Investment in Medical Researches Set to Increase Market Applications

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Monetary Growth Expectations, Globally:

According to the Research Study conducted by MarketsandMarkets™: This report studies the sample preparation market for the forecast period of 2016 to 2021. This market is expected to reach USD 7,203.2 Million by 2021 from USD 5,512.2 Million in 2016, growing at a CAGR of 5.5%.

Geographical Growth Scenario:

Geographically, the global sample preparation market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, Middle East, and Africa). North America is expected to account for the largest share of the sample preparation market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is projected to grow at the highest CAGR, and serves as a revenue pocket for companies offering sample preparation products.

Leading Market Players:

# Agilent Technologies, Inc. (U.S.)

# Danaher Corporation (U.S.)

# Illumina, Inc. (U.S.)

# QIAGEN N.V. (Netherlands)

# PerkinElmer, Inc. (U.S.)

# Bio-Rad Laboratories, Inc. (U.S.) and many more…

Major growth strategies followed by market players include new product launches, agreements, collaborations, and partnerships. New product launches accounted for major share followed by agreements, collaborations, and partnerships which accounted for the second-largest share of the total number of key growth strategies adopted by players in the sample preparation market during 2013 to 2016. Acquisitions, product enhancement, and other developments (market promotions and grants) are some of the other strategies adopted by players to achieve growth in the sample preparation market.

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Sample preparation process is crucial in most of the laboratory sample analysis, as proper sample preparation practices such as sample extraction, homogenization of samples, and particle size analysis of solid samples can impact overall assay results, quality of data, and cost of analysis. Sample preparation equipment includes sample extraction system, sample mounting presses, automated evaporation systems, liquid handling systems, rotary cone sample divider, sieve shaker, pipette controllers, and automated mortar grinder, among others. Growing demand for accurate quantitative research data and strict quality standards in clinical testing, forensics, diagnostics, leads to development and adoption of automated sample preparation systems.

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Market Dynamics

The global sample preparation market is projected to witness significant growth over the forecast period, owing to rapid shift from manual to automated sample preparation system, growing advancement in blood collection tools, and increasing research and development investment in clinical, diagnostic, proteomics, and genomics field. Furthermore, increasing prevalence of infectious disease and adoption of automated sample preparation system to increase productivity, improve repeatability and traceability in laboratory samples, is expected to drive growth of the sample preparation market, in the near future. For instance, according to the World Health Organization (WHO), 2018 data findings, an estimated 325 million people were living with chronic hepatitis infections (HBV or HCV), globally in 2015. Moreover, according to the similar source, in 2016, 10.4 million people fell ill with tuberculosis (TB), and 1.7 million died from the disease. Of this, 95% of TB deaths occurred in low and middle income countries. According to the Antimicrobial Resistance (AMR) Review — an initiative of the Wellcome Trust and the UK Department of Health — by 2050, drug-resistant tuberculosis could kill around 2.5 million people per year. Therefore, these factors are expected to driver growth of the market over the forecast period.

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Key features of the study:

• This report provides in-depth analysis of the sample preparation market and its market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017–2025, considering 2016 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global sample preparation market based on the following parameters — company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies
• Key companies covered as a part of this study include F. Hoffmann-La Roche AG, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Danaher Corporation, Qiagen N.V., PerkinElmer, Inc., Illumina, Inc. and Merck KGaA.
• Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion and marketing tactics.
• The global sample preparation market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for sample preparation market, research and consulting firms, new entrants and financial analysts.

Detailed Segmentation:

• Global Sample Preparation Market, By Product Type:
• Reagents & Kits
• Instruments
• Global Sample Preparation Market, By Application:
• Research Application
• Diagnosis
• Global Sample Preparation Market, By End User:
• Pharmaceuticals and Biotechnology Companies
• Pathology & Diagnostic Laboratories
• Academics & Research Laboratories

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