Global Next Generation Sequencing (NGS) Sample Preparation Market to Reach $9.4 Billion by 2030
The global market for Next Generation Sequencing (NGS) Sample Preparation estimated at US$2.9 Billion in the year 2023, is expected to reach US$9.4 Billion by 2030, growing at a CAGR of 18.1% over the period 2023-2030. NGS Sample Preparation Reagents & Consumables, one of the segments analyzed in the report, is expected to record 19.6% CAGR and reach US$6.2 Billion by the end of the analysis period. Growth in the NGS Sample Preparation Workstations segment is estimated at 15.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $905.4 Million, While China is Forecast to Grow at 17% CAGR
The Next Generation Sequencing (NGS) Sample Preparation market in the U.S. is estimated at US$905.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 17% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.1% and 15.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.
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