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Key Market Insights
§ Presently, more than 280 NGS library preparation kits are being offered by close to 60 players; these kits are compatible with a variety of input samples, including purified RNA / DNA and cells
§ Leveraging their expertise, stakeholders within this domain are offering a myriad of NGS kits for preparing DNA and RNA libraries; majority of such kits require less than 5 ng of input samples
§ The current market landscape is fragmented, featuring both new entrants and established players; the US is currently considered to be a hub of innovation related to NGS library preparation kits
§ In pursuit of gaining a competitive edge, NGS library preparation kit providers are presently focusing on expansion of their existing capabilities and augmenting their respective product portfolios
§ Around 3,250 patents related to NGS library preparation kits have recently been filed / granted, indicating the heightened pace of innovation in this domain
§ Case Study: Around 70 industry players claim to offer elaborate portfolios of NGS based services, leveraging a variety of second and third generation sequencing technologies
§ The market is anticipated to grow at a CAGR of 18%, till 2035, and the projected opportunity is likely to be distributed across different type of nucleotide sequenced, end user and key geographical regions
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